[183 Pages Report] The double sided tape market is projected to grow from USD 9.41 billion in 2018 to USD 13.15 billion by 2023, at a CAGR of 6.93% during the forecast period. The double sided tape market has been segmented on the basis of resin type, technology, backing material, application, and region.
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The silicone segment is projected to grow at a higher rate than the other resin types because of its better adhesion properties. Silicone-based double sided tapes maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. These factors are expected to drive the market for silicone resin-based double sided tapes during the forecast period.
The paper segment is projected to grow at the highest CAGR from 2018 to 2023 as it is cheaper and recyclable. Smooth or crepe paper with different elongation degrees and tensile strengths are used as a backing material for double sided tapes.
The double sided tape market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period, due to the rising demand for double sided tapes from emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore.
3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Shurtape Technologies, LLC (US), and Scapa Group Plc (UK) are some of the key players operating in the double sided tape market.
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