Double Sided Tape Market

Industry Overview

The global double-sided tape market is projected to grow from USD 11.48 billion in 2023 to USD 17.84 billion by 2030, growing at a CAGR of 6.5% during the forecast period ranging from 2025-2030.

Double-sided tape is coated with adhesives on both sides. These are typically pressure-sensitive tapes and are different from normal tapes. These are better in terms of suitability and utility since they can used for varied purposes. The primary objective of these tapes is to join two surfaces securely together so that they are not visible in the end product.

The global double-sided tape market is growing at a rapid pace. It will continue to grow mainly due to the higher adoption and application in various industries such as automotive, building and construction, electrical and electronics, and others. There is a significant increase in demand, which is mainly attributed to the superior quality, useful properties, and higher utility of conventional tapes.

The high cost of the raw materials required to make double-sided tapes poses a significant challenge to market growth. These tapes are generally more expensive than traditional tapes due to their superior properties. However, it is expected that the market will grow significantly during the forecast period due to the rapid expansion in the electronics sector and the increase in its uses for component bonding and surface mounting in specific devices such as tablets, smartphones, and wearable tech, presenting novel growth demand.

Market Segmentation

Insight by Resin Type

The global double-sided tape market is divided by resin type into acrylic, rubber, silicone, and others. During the forecast period, the silicon type category is expected to register a higher growth rate mainly due to its better adhesion properties, which helps in maintaining its adhesion over a larger temperature range. In addition to that, it is also higher in demand due to its greater ability to adhere to difficult surfaces.

Insight by Technology

The global double-sided tape market is divided on the basis of technology into solvent-based, water-based, and hot melt categories. Out of all these segments, the hot melt category is expected to hold the largest market share and grow more during the forecast period due to the diverse range of advantages it as compared to other tapes, such as higher strength, immediate bond, good adhesion, easy application, and fast processing.

Insight by Backing Material

The global double-sided tape market is divided on the basis of backing material into foam, film, paper and others. Among all these segments, the paper category is expected to witness a higher growth rate during the forecast period due to the increasing demand from different industries such as paper and printing, healthcare, packaging, and others.

Insight by End-User

Based on end users, the global double-sided tape market is divided into electrical and electronics, building and construction, paper and print, and others. Out of all these end users, the paper and print industry is expected to be the largest contributor to the market. It will grow at a rapid pace during the forecast period due to the increasing adoption and use in the paper industry for varied production purposes such as reel closing, splicing, reel closing, and others.

Double Sided Tape Market Report Coverage

Industry Dynamics

Industry Trends

The growing demand for double-sided tapes in automotive assembly, especially for lightweight bonding applications, as well as in the construction industry sector for mounting, sealing, and insulation purposes, is a notable trend in the market. In addition, the growing popularity of eco-friendly products has resulted in the development and adoption of environmentally friendly double-sided tapes that are made from recyclable materials and have reduced VOC (Volatile Organic Compounds) emissions.

Growth Drivers

The growing adoption and use across several industries are the primary growth factors of the global double-sided tape market. In addition, the higher applicability and utility of these tapes, along with the rise in demand for acrylic and polyethylene form-backed double-sided tape, are also driving the market forward. The higher versatility of these tapes makes them usable for different applications in automotive, aerospace, construction, and other sectors. The better and more useful properties of these tapes compared to traditional normal tapes increase its demand for lamination, filling gaps for tighter seals, and other important applications. Apart from that, the notable developments in adhesive technologies, innovations in adhesive formulations, and rising preference for eco-friendly products by consumers and manufacturers are also contributing to the growth of the market.

Challenges

The major challenge of the double-sided tape market that is hindering its growth is the higher vulnerability to moisture, especially the paper/tissue-backed tapes. In addition, the strict environmental regulations regarding the use of specific chemicals and solvents in adhesive formulations also pose significant compliance challenges, which, in turn, increases the cost of production of these tapes. The presence of numerous players in the market, including established companies and new entrants, leads to market saturation, intense competition, and price wars, resulting in lower profit margins.

Opportunities

The rapid expansion into emerging markets with significant growth potential, especially in areas where rapid industrialization and urbanization initiatives are taking place, presents significant growth opportunities to the major players in the market. Also, growing adoption in the construction and automotive sectors, development of specialty tapes for specific applications, growing preference for innovative and eco-friendly products, higher investment in the development of sustainable double-sided tapes, and technological developments in the production processes are creating novel growth opportunities for the market.

Geographic Overview

The North American market is expected to grow and hold a larger share of the market during the forecast period due to rapid technological advancements in manufacturing and innovations in adhesive technologies. The presence of a robust automotive industry and the growth of the construction sector is also pushing the demand and market growth in this region. In addition, the growing trend towards sustainable products and higher adoption in the growing healthcare sector in North America is also contributing to the growth as it helps to meet the stringent regulatory requirements.

Asia-Pacific is expected to register the highest growth rate during the forecast period mainly due to the growing demand for the product across several industries in developing countries like India, China, South Korea, and Vietnam for various applications. It is also attributed to the rapid industrialization drives in these countries, which is attracting higher investments from foreign investors.

Competitive Insight

3M Company is an American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods.

Nitto Denko Corporation is a Japanese company that produces tapes, vinyl, LCDs, insulation, and several other products. It was founded in Osaki, Tokyo in 1918 to produce electrical insulation.

3M Company, Nitto Denko Corporation, TESA SE, Avery Dennison Corporation, Lintec Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Lohmann GmbH & Co. Kg, Nichiban Co. Ltd. and Mactac, LLC are some of the key players offering different double sided tape.

Recent Developments By Key Players

Avery Dennison Corporation shall improve PET by cleanly removing labels during recycling and enabling HDPE mono-material recycling without interference as it has received acknowledgement from the Association of Plastic Recyclers (APR).