Double Sided Tape Market Analysis

Global Double-Sided Tape Market Overview

Double-Sided Tape Market Size was valued at USD 11.9 Billion in 2022. The Double-Sided Tape industry is projected to grow from USD 12.7 Billion in 2023 to USD 22.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032). Increased versatility, a wide range of applications across industries, and growing adoption in automotive manufacturing for various uses are the key market drivers enhancing the market growth.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Double-Sided Tape Market Trends

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  Growing versatility and a wide range of applications across industries are driving the market growth

  
  

Market CAGR for double-sided tape is being driven by the rising versatility and wide range of applications across industries. This adaptability stems from the unique properties of double-sided tape, which offers an effective and convenient bonding solution in various contexts. Double-sided tape is designed to have adhesive on both sides, allowing it to bond two surfaces together with precision and simplicity. Its easy application eliminates the need for screws, nails, or liquid adhesives, making it a user-friendly choice for a wide range of tasks. This convenience is highly valued in both professional and DIY settings, driving demand across diverse user groups.

In the construction and building industry, double-sided tape serves numerous purposes. It is used for installing mirrors, mounting architectural panels, attaching trims, and securing insulation materials. Its clean and immediate bonding capabilities not only expedite installation but also reduce the need for invasive fasteners that can damage surfaces. Double-sided tape plays a pivotal role in the automotive sector, offering solutions for interior and exterior applications. It is used to affix moldings, emblems, and trim pieces, providing a strong and reliable bond. Additionally, it contributes to light-weighting efforts in the industry by replacing heavy mechanical fasteners and welding, thus enhancing fuel efficiency. The electronics industry benefits from double-sided tape for securing components within devices, including smartphones, laptops, and consumer electronics. Its adhesive properties ensure components remain in place, contributing to product durability and longevity.

In the healthcare field, double-sided tape is employed for medical device assembly, such as attaching electrodes and sensors to patients. The hypoallergenic and skin-friendly variants are essential for secure and comfortable attachment. Double-sided tape is extensively used in the retail and packaging sectors for sealing cartons, attaching promotional materials, and creating secure displays. Its flexibility and ease of use streamline packaging and enhance in-store advertising. In graphic design and signage applications, double-sided tape is instrumental for mounting posters, banners, and graphics. It allows for clean, invisible bonding without the use of unsightly hardware. Hobbyists and DIY enthusiasts appreciate double-sided tape for its convenience and reliability. It is a versatile tool for various craft projects, cardmaking, scrapbooking, and home decorating.

The aerospace industry relies on double-sided tape for interior applications, where lightweight materials are crucial. It offers a secure bond without adding unnecessary weight to aircraft. The aerospace industry relies on double-sided tape for interior applications, where lightweight materials are crucial. It offers a secure bond without adding unnecessary weight to aircraft. Thus driving the Double-Sided Tape market revenue.

Double-Sided Tape Market Segment Insights

Double-Sided Tape Resin Type Insights

The Double-Sided Tape Market segmentation, based on resin type, includes Acrylic, Rubber, Silicone, and Others. The acrylic segment dominates the market, accounting for the largest market revenue due to its exceptional adhesive qualities, offering both strong initial tack and long-term bonding performance. Acrylic adhesives provide superior UV and temperature resistance, making them suitable for outdoor and high-temperature applications, including automotive and construction. Their versatility, compatibility with various substrates, and environmental durability have established acrylic-based double-sided tapes as a preferred choice across multiple industries, further solidifying their dominance in the market.

Figure 1: Double-Sided Tape Market, by Resin Type, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Double-Sided Tape Tape-Backing Material Insights

The Double-Sided Tape Market segmentation, based on tape-backing material, includes Foam-backed, Film-backed, Paper-/Tissue-backed, Unsupported-/Transfer-backed, and Others. The film-backed tape dominates the market due to its exceptional durability, versatility, and adaptability to a wide array of applications. The film backing provides excellent strength and resistance to environmental factors, making it ideal for long-term bonding solutions. Its diverse range of uses in industries such as automotive, electronics, and packaging, where durability and consistent adhesion are paramount, solidifies its position as the primary choice in the double-sided tape market. Further, the foam-backed tape is the second most dominant in its cushioning and conformability properties.

Double-Sided Tape End-Use Insights

The Double-Sided Tape Market segmentation, based on end use, includes Automotive, Building & Construction, Electrical & Electronics, Paper & Printing, and Others. The automotive end-use dominates the market due to the automotive industry's high demand for lightweight, efficient bonding solutions. Double-sided tape offers a reliable and versatile alternative to traditional mechanical fasteners, reducing vehicle weight and enhancing fuel efficiency, which aligns with the automotive sector's goals for light-weighting and emissions reduction. It is widely employed for attaching trim, moldings, emblems, and other components, improving assembly efficiency and contributing to the industry's ongoing advancements in design and performance. Further, the building and construction category is anticipated to attain the fastest growth due to emerging urbanization and increasing population.

Double-Sided Tape Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Double-Sided Tape market area dominates this market due to the region's robust manufacturing and construction sectors, which require high-quality adhesive solutions for a wide range of applications. Additionally, North America's well-established distribution networks and innovation in tape technologies, coupled with stringent quality standards, contribute to its position as a primary hub for double-sided tape production and consumption.

Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: DOUBLE-SIDED TAPE MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe's Double-Sided Tape market accounts for the second-largest market share due to strong demand from industries like automotive, electronics, and construction, where these tapes are used for bonding, assembly, and mounting applications due to their convenience and versatility. Further, the German Double-Sided Tape market held the largest market share, and the UK Double-Sided Tape market was the fastest-growing market in the European region.

The Asia-Pacific Double-Sided Tape Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to rapid industrialization, construction activities, and the growing manufacturing sector, creating a substantial demand for adhesive solutions across various applications. Moreover, China’s Double-Sided Tape market held the largest market share, and the Indian Double-Sided Tape market was the fastest-growing market in the Asia-Pacific region.

Double-Sided Tape Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Double-Sided Tape market grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Double-Sided Tape industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Double-Sided Tape industry to benefit clients and increase the market sector. In recent years, the Double-Sided Tape industry has offered some of the most significant advantages to various industries. Major players in the Double-Sided Tape market, including 3M, Adchem Corporation, Advance Tapes International, Bostik Limited, Guangzhou Broadya Adhesive Products Co., Haixiang Adhesive Products Co. Ltd, Lintec Corporation, Lohmann GmbH & Co. Kg, Scapa Group PLC, Tesa SE, and others, are attempting to increase market demand by investing in research and development operations.

Nitto Denko Corporation, often referred to simply as Nitto, is a Japanese multinational corporation with a diverse range of products and services. Nitto Denko produces a wide variety of products, including adhesive tapes for industrial and consumer applications, protective films, optical films for displays and lighting, electronic materials, and medical products. The company places a strong emphasis on research and development to create innovative solutions for a range of industries. They work on advanced materials, technologies, and product designs to meet the evolving needs of their customers. In March 2023, Nitto Denko announced a partnership with Toyota Tsusho, a Japanese trading company, to develop and commercialize new double-sided tape products for the automotive industry. The partnership will leverage Nitto Denko's expertise in double-sided tape technology and Toyota Tsusho's global sales and marketing network.

Avery Dennison Corporation is a global company known for its focus on labeling and functional materials, as well as solutions for various industries. It is a diversified company with a core emphasis on labeling and functional materials. They provide solutions for labeling and packaging, graphics and visual communication, RFID (Radio-Frequency Identification), and apparel branding. The company's products include self-adhesive materials, tags, labels, and packaging materials for applications ranging from consumer packaging and logistics to apparel branding and graphics solutions. Avery Dennison has a strong global presence with operations and facilities in numerous countries around the world. They serve a broad customer base across different industries. In April 2023, Avery Dennison announced a partnership with Henkel, a German chemical company, to develop and commercialize new double-sided tape products for the electronics industry. The partnership will leverage Avery Dennison's expertise in adhesive materials and Henkel's expertise in electronics manufacturing.

Key Companies in the Double-Sided Tape market include

• 3M


• Adchem Corporation


• Advance Tapes International


• Bostik Limited


• Guangzhou Broadya Adhesive Products Co.


• Haixiang Adhesive Products Co. Ltd


• Lintec Corporation


• Lohmann GmbH & Co. Kg


• Scapa Group PLC


• Tesa SE

Double-Sided Tape Industry Developments

April 2023: 3M acquired ATG Tape International, a manufacturer of adhesive transfer tapes and laminating films, for $1.4 billion. This acquisition is expected to strengthen 3M's position in the double-sided tape market and expand its product offerings.

March 2023: Tesa SE entered into a partnership with Henkel AG & Co. KGaA to develop and market new sustainable double-sided tapes. The partnership will focus on developing tapes made from renewable resources that are recyclable or compostable.

February 2023: Tesa announced the acquisition of Lohmann Tapes, a German manufacturer of high-performance adhesive tapes. The acquisition is expected to expand Tesa's product portfolio and reach new customer segments.

Double-Sided Tape Market Segmentation

Double-Sided Tape Resin Type Outlook

• Acrylic


• Rubber


• Silicone


• Others

Double-Sided Tape Tape-Backing Material Outlook

• Foam-backed


• Film-backed


• Paper-/Tissue-backed


• Unsupported-/Transfer-backed


• Others

Double-Sided Tape End-Use Outlook

• Automotive


• Building & Construction


• Electrical & Electronics


• Paper & Printing


• Others

Double-Sided Tape Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America