Double sided tape is pressure sensitive tape which are coated with adhesives on both the sides. This tape is different from normal tape based on the suitability and utility for various applications. It is designed to stick two surfaces together in a way that they are not visible in the end product. The global double sided tape market is growing at a good pace, owing to its growing application in various industries such as automotive, building and construction, electrical and electronics, and others. The market is witnessing an increase in demand, owing to its superior properties and utility as compared to traditional tape.
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On the basis of resin type, the double sided tape market is segmented into acrylic, rubber, silicone, and others. In the coming years, the silicon type category is anticipated to register the highest growth in the market. This can be attributed to its better adhesion properties, which helps in maintaining its adhesion over larger temperature range. Along with that, it also has an ability to adhere to difficult surfaces.
The wide range of double sided tape are available in the market for wide range of applications. Also, the double sided tape market is fragmented with the presence of large number of players in the market. The market is not highly capital extensive which makes it easier for new entrants to enter and operate in the market.
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Asia-Pacific is expected to register the highest growth in the double sided tape market during the forecast period. The rising demand of this tape for various applications from emerging countries such as China, South Korea, Vietnam, and India are expected to drive the market growth, due to the rapid industrialization in these countries, which is also attracting the foreign investors to invest in the region, fueling the growth of the market.
3M Company, Nitto Denko Corporation, TESA SE, Avery Dennison Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Lohmann GmbH & Co. Kg, Nichiban Co. Ltd. and Mactac, LLC are some of the key players offering different double sided tape.