According to Future Market Insights (FMI), the global double sided tapes industry is projected to register US$ 11.4 billion in 2023. It is expected to soar at 4.3% CAGR from 2023 to 2033. Revenue is likely to be worth US$ 17.4 billion by 2033.
Innovations in adhesive technology have led to the development of high-performance double-sided tapes that offer better bonding strength, durability, and resistance to extreme conditions. These advancements have expanded the application scope of double-sided tapes and driven market growth.
With the rise of e-commerce and online retail, the demand for packaging materials, including double-sided tapes, has increased. Double-sided tapes are widely used in packaging applications, offering efficient and secure sealing solutions.
Increasing environmental awareness has shifted towards eco-friendly and sustainable adhesive solutions. Few manufacturers are focusing on developing biodegradable and recyclable double-sided tapes to meet the demand for environmentally friendly products.
The medical sector has seen a rise in the use of double-sided tapes for applications in medical device assembly, wound dressings, and surgical tapes. The need for reliable and safe bonding solutions in the healthcare industry drives the demand.
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Key Trends Listed by Future Market Insights (FMI):
Innovation in Adhesive Technology
Manufacturers have demonstrated a steadfast commitment to advancing adhesive technologies in the realm of double-sided tapes through sustained investments in research and development. Their primary objective centers on the creation of tapes characterized by heightened bonding capabilities, superior temperature resilience, and the capacity to adhere to a diverse array of surfaces.
Sustainable and Eco-friendly Products
With the growing prominence of environmental considerations, there is a heightened focus on the development of eco-friendly and sustainable double-sided tapes. Manufacturers are actively investigating the use of bio-based adhesives and recyclable materials to align with the demands of an environmentally-conscious market.
Drivers:
- Versatility and Convenience: Double-sided tapes are highly versatile and offer a convenient and effective bonding solution for a wide range of applications in industries such as manufacturing, construction, automotive, and electronics.
- Efficiency and Cost Savings: The use of double-sided tapes can streamline assembly processes, reduce labor costs, and enhance production efficiency, making them a cost-effective choice for various businesses.
- Advancements in Tape Technology: Continuous innovation in tape technology results in improved adhesive properties, durability, and performance, expanding the applications of double-sided tapes.
- Lightweight Materials: The demand for lightweight materials in manufacturing and construction has increased, and double-sided tapes provide a lightweight alternative to traditional fastening methods.
- Environmental Considerations: As eco-friendly practices gain importance, some double-sided tapes are designed to be environmentally friendly, which can drive their adoption.
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Completive Landscape
Key manufacturers might collaborate with distributors, wholesalers, and retailers to ensure their products are readily available to end-users. They might invest in marketing campaigns, participate in trade shows, and provide educational resources to showcase their expertise and product range.
Get More Valuable Insights
Future Market Insights (FMI), in its new report, offers an unbiased analysis of the double sided tapes industry, analysing historical demand from 2018 to 2022 and forecast statistics for 2023 to 2033.
The study reveals growth projections on the double sided tapes industry by resin type (acrylic, rubber, silicone, and others), technology (hot melt, solvent, water), backing material (paper, film, foam, and others), and end-use (building & construction, automotive, electrical & electronics, paper & print, and others) across several regions.
Double Sided Tapes Industry by Category:
By Resin Type:
- Acrylic
- Rubber
- Silicone
- Others
By Technology:
- Hot Melt
- Solvent
- Water
By Backing Material:
- Paper
- Film
- Foam
- Others
By End-use:
- Building & Construction
- Automotive
- Electrical & Electronics
- Paper & Print
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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