Market Size of Double-sided Tape Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Double-sided Tape Market Analysis
The double-sided tape market is expected to witness a CAGR of more than 6%, globally, during the forecast period.
The rising number of buildings and growing need for weather resistance in indoor and outdoor materials are driving the market growth.
Extreme high-temperature complexity in the integration of buildings may cause the adhesive to melt and lose its strength, which is expected to hinder the market growth.
Double-sided Tape Industry Segmentation
The double-sided tape market report includes:
By End-user Industry | |
Automotive | |
Construction | |
Electronics | |
Other End-user Industries |
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Double-sided Tape Market Size Summary
The double-sided tape market is poised for significant growth, driven by the increasing demand for versatile adhesive solutions across various applications. This market expansion is largely attributed to the rising construction activities and the need for weather-resistant materials in both indoor and outdoor settings. Double-sided tapes are gaining popularity for their ability to provide strong adhesion without visible fasteners, making them ideal for decorating, mounting, and sound dampening purposes. Their exceptional shear resistance makes them suitable for use on floor surfaces, particularly in colder regions where carpets are in demand for their insulation properties. However, challenges such as extreme high-temperature conditions that can compromise adhesive strength may pose obstacles to market growth.
Regionally, Asia-Pacific is expected to lead the global double-sided tape market, bolstered by the robust development of the construction sector in countries like China, India, and Singapore. The region's burgeoning population and rising middle-class incomes have spurred demand for architectural structures, further driving the use of double-sided tapes in construction applications. Additionally, the automotive and electronics sectors in Asia-Pacific are increasingly adopting double-sided tapes for their superior adhesive properties, which are essential for insulation, indoor design, and bonding heavy objects. The market is characterized by fragmentation, with key players such as Tesa SE, 3M, and Lintec Corporation competing for market share, indicating a dynamic and competitive landscape.
Double-sided Tape Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Increasing Applications in Building Indoors and Outdoors
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1.1.2 Growing Demand from the Automotive Industry
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1.2 Restraints
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1.2.1 Less Temperature Resistance
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1.2.2 Other Restriants
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By End-user Industry
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2.1.1 Automotive
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2.1.2 Construction
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2.1.3 Electronics
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2.1.4 Other End-user Industries
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2.2 By Geography
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2.2.1 Asia-Pacific
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2.2.1.1 China
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2.2.1.2 India
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2.2.1.3 Japan
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2.2.1.4 South Korea
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2.2.1.5 Rest of Asia-Pacific
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2.2.2 North America
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2.2.2.1 United States
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2.2.2.2 Canada
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2.2.2.3 Mexico
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2.2.3 Europe
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2.2.3.1 Germany
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2.2.3.2 United Kingdom
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2.2.3.3 France
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2.2.3.4 Italy
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2.2.3.5 Rest of Europe
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2.2.4 South America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Rest of South America
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2.2.5 Middle-East and Africa
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2.2.5.1 Saudi Arabia
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2.2.5.2 South Africa
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2.2.5.3 Rest of Middle-East and Africa
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Double-sided Tape Market Size FAQs
What is the current Double-sided Tape Market size?
The Double-sided Tape Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Double-sided Tape Market?
Tesa SE , 3M, Lohmann GmbH & Co. Kg , Lintec Corporation and Guangzhou Broadya Adhesive Products Co. Ltd are the major companies operating in the Double-sided Tape Market.