Double Sided Tapes Market: Bonding Two Surfaces Effectively
Polaris Market Research & Consulting, Inc.
Market Research | Industry Analysis
Market Stats
The double sided tapes market size was valued at USD 4.45 billion in 2023. The market is predicted to grow to USD 7.08 billion by 2032, exhibiting a CAGR of 5.5% during the forecast period, 2024 to 2032.
In recent years, the ongoing preference for environmentally friendly products has gained adoption in the production of double-side tapes by manufacturers. Today, we bring to you the latest insights on a rapidly growing sector: the Double Sided Tapes Market.
Industry Overview
A double side tape is a roll adhesive tape made of cloth, film, foam or paper as the base material. An adhesive is applied on both sides of above-mentioned base material. The primary purpose of double-side tape is to stick the surfaces of two objects together.
Growth Drivers: The market expansion is primarily driven by:
? Expansion of the construction industry
? Growing adoption of e-commerce solutions
? Increased consumer disposable income
Segmental Analysis
? The market is primarily segmented based on resin type, technology, tape-backing material, end-use industry and region.
? By resin type analysis, the acrylic segment is anticipated to grow rapidly due to its appealing adhesive properties.
? By technology analysis, the solvent-based segment witnessed the largest market share, owing to its ability to withstand chemical exposure and high temperatures.
Geographic Analysis
? The North America region held the largest share of the global market in 2023. The region’s dominance is due to the existence of a strong base in the automotive industry and efficient e-commerce platforms.
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? The Asia Pacific region is anticipated to witness the fastest growth rate over the forecast period. The region’s growth is largely attributed to the booming construction, electronics and automotive sectors in APAC.
End-Uses of Double Sided Tapes
? Automotive
? Building & Construction
? Electrical & Electronics
? Paper & Printing
? Others
Key Highlights of the Report
? Offers a thorough analysis of the market that supports strategic decision-making.
? Provides insights into the competitive scenario and closely examines the top industry participants.
? Includes a reliable estimation of the shifting industry dynamics to keep readers updated on the latest industry trends.
? Covers a meticulous breakdown of various market niches and regions.
Get the Full Report Now!
Whether you’re a decision-maker in a company or an investor, our double side tapes market report details everything to help you understand the industry comprehensively. By reading the full report from our website, you can gain the knowledge needed to navigate the dynamic market successfully.