The double-sided adhesive tape market was valued at US$10.748 billion in 2018 and grow at a CAGR of 4.28% to reach US$13.819 billion in 2024. Double-sided tapes offer bonding and fixture solutions across different end-users. The demand for these tapes will increase owing to the rising demand for office and household supplies due to the growing number of SMEs and rising standards of living. Furthermore, double-sided adhesive tapes are forcing automotive manufacturers to switch from the traditional screw and nut-based fixtures to innovative and efficient techniques, snowballing the demand for these tapes. The Asia Pacific region will show many exciting growth opportunities due to growing automotive production in budding countries like China, Japan, South Korea, and India. However, higher prices of the raw materials of double-sided tape coupled with high prices of the end product are expected to restrain the market growth during the forecast period.
Growing adoption of double-sided tapes in the automotive industry
High raw material prices
Advancement in double-sided tape technology
Some of the major players discussed in this report are 3M, tesa SE, NITTO DENKO CORPORATION, Avery Dennison Corporation, Shurtape Technologies, LLC, Scapa Group, Lohmann GmbH & Co. KG, and LINTEC Corporation among others.
The double-sided adhesive tape market has been analyzed through the following segments:
By Coating Technology
Middle East and Africa