Double Sided Tape Market Report

The primary reason for the growth in the market is the sharp growth in the construction, automotive, and building markets. For instance, according to the European Commission, 80% of growth is expected in the automotive industry, and a growth of 5.5% has been recorded in the construction market alone in European countries. Speaking about the Asia-Pacific region according to the International Trade Administration, China is the world’s largest construction market which will significantly accelerate the growth of the double-sided tape market, as double-sided tape is used in both industries. Also, a major role has been played by the e-commerce industry in the growth of the double-sided tape market worldwide. Also, after the COVID-19 pandemic, the rise of the e-commerce industry was a huge experience. The growth share of e-retail before the pandemic was 12.2%, whereas the share in 2024 was 21%, which shows a growth of approximately 85%. This growth has a direct effect on the double-sided tape market, as it is used for a variety of purposes, such as packaging, shipping, etc. The significant demand for double-sided tapes with acrylic and PE foam supports the expansion of the global double-sided tape market.

Acrylic resin can be seen as a leading segment in the field of double-sided tape market which is used for its features such as excellent transparency and durability. This is due to the rising popularity of use in hot melt technology which helps in strong bonding performance which are commonly used in packaging and shipping purposes. Recently it has been observed that there is a slight shift towards space-saving and lightweight technology in the electronics and automotive sectors. According to the Office of Energy Efficiency & Renewable Energy using lightweight parts results in high efficiency. It is also expected that by 2030, 5 billion gallons of fuel can be saved by the U.S. by integrating lightweight technology. The efficiency can be achieved due to the latest invention of substituting equipment like bolts, screws, and other attaching techniques with adessive tapes. This can be used in the automotive and aerospace sectors which will fuel the growth of the double-sided tape market.

• The use of medical adhesive tapes has grown for wound care, surgical applications, and wearable medical devices
• Continuous advancements in the double-sided tape industry have resulted in improved bonding strength and durability
• Due to increasing environmental awareness growth can be analyzed in eco-friendly adhesive products

One of the major challenges in the double-sided tape market is that when the temperature near the tape is extremely high, it experiences complexity in the integration of buildings, which may result in melting down the adhesive, which affects the overall strength of the tape, which affects the growth of the market. The next problem that is faced by various manufacturers is the increasing price of raw materials. The increase in price is experienced due to changes in energy prices, supply chain disruptions, and geopolitical unrest. All of these factors have an adverse effect on manufacturing costs, which get pampered due to the changes in the prices of all the above factors. The increase in raw material prices affects the profit share of the companies and also affects the market expansion strategy of the organizations. Due to the extensive usage of silicones, the rise in the price of raw materials can be measured. The global shortage of silicon is causing the price to rise where China is enjoining the price rise as China single-handedly owns the share of 40–45 percent of global production of silicon, and any change in either Chinese consumption or global changes directly impacts the double-sided tapes market.

In April 2024, Tesa, an international manufacturer of unique adhesive tapes and self-adhesive product solutions, introduced tesa® 4965 Original Next Gen, an upgraded version of one of its flagship products, tesa® 4965 Original. This novel adhesive tape used biomass-balanced acrylic monomers and 90% PCR PET in its backing, resulting in a 40% reduction in CO emissions while preserving dependability and performance. In April 2023, 3M acquired ATG Tape International, a manufacturer of adhesive transfer tapes and laminating films, for US$ 1.4 billion. This has strengthened 3M's position in the expanded product offerings and double-sided tape market. In July 2020, T-Rex® came up with double-sided, superglue tape with high-tack acrylic adhesive that stuck on contact for fast fixes. A super sticky tape, T-Rex® Double-Sided Super Glue Tape could be torn by hand for easy use and provided aggressive adhesion on a variety of surfaces, including ceramic, metal, glass, wood, concrete, fabric, tile, plastic, and more. It was a great alternative to glue, and this double-sided tape could be used for mounting and automotive applications or for surface-to-surface repairs.

Asia Pacific can be seen as a promising market due to its manufacturing processes and schemes in various sectors. It is predicted that the growth of tapes that are used in solar panels will be on the rise due to the various schemes implemented by India for installing solar panels. The goal of India is to reach the target of 450 gigawatts of installed energy, of which 60% needs to be generated by solar, which makes India a potential market. Also, the residential construction sector in India, China, and Singapore has witnessed great growth. The growth in the Indian market is expected to reach US$1.4 trillion by 2025, according to Invest India. Also, the market in Singapore has expanded to grow to between US$ 23 and US$ 28 billion. Due to the rising population and enhanced lifestyle, the use of double-sided adhesive tapes is expected to rise in the Asia-Pacific region.

Also, the carpet market in the colder regions, such as North America and Europe, where the use of fiberglass carpet tape is growing as per the growth of the carpet market, According to the CBI Ministry of Foreign Affairs, the market for fiber carpets in the European region accounts for more than one-third of the market. According to the report, the imports of carpets have increased from US$ 917.2 million to US$ 1.008 billion, which shows an annual growth of 2.4%. This makes Europe a lucrative market for fiberglass carpet tape.

The report provides a detailed overview of the double-sided tape market insights in regions including North America, Latin America, Europe, Asia-Pacific, Oceania, and the Middle East and Africa. The country-specific assessment for the double-sided tape market has been offered for all regional market shares, along with forecasts, market scope estimates, price point assessment, and impact analysis of prominent countries and regions. Throughout this market research report, Y-o-Y growth and CAGR estimates are also incorporated for every country and region, to provide a detailed view of the double-sided tape market. These Y-o-Y projections on regional and country-level markets brighten the political, economic, and business environment outlook, which are anticipated to have a substantial impact on the growth of the double-sided tape market. Some key countries and regions included in the double-sided tape market report are as follows:

• Double-sided tape market detailed segments and segment-wise market breakdown
• Double-sided tape market dynamics (Recent industry trends, drivers, restraints, growth potential, opportunities in double-sided tape industry)
• Current, historical, and forthcoming 10 years' market valuation in terms of double-sided tape market size (US$ Mn), volume (Tons), share (%), Y-o-Y growth rate, CAGR (%) analysis
• Double-sided tape market demand analysis
• Double-sided tape market pricing analysis over the forecast period (by key segment and by region)
• Double-sided tape market regional insights with the region-wise market breakdown
• Competitive analysis – key companies profiling including their market share, product offerings, and competitive strategies.
• Latest developments and innovations in double sided tape market
• Regulatory landscape by key regions and key countries
• Supply chain and value chain analysis in the double-sided tape market
• Double-sided tape market sales and distribution strategies
• A comprehensive overview of the parent market
• A detailed viewpoint on the double-sided tape market forecast by countries
• Mergers and acquisitions in double sided tape market
• Essential information to enhance market position
• Robust research methodology