Double Sided Tape Market Size, Trends and Growth Analysis by 2027

The double-sided tape market was valued at approximately US$ 9,963.74 million in 2020 and is anticipated to grow to US$ 15,028.98 million by 2028, reflecting a compound annual growth rate (CAGR) of 5.4% during the period from 2020 to 2028.

A double-sided tape is defined as a pressure-sensitive tape that features adhesive on both sides. This unique characteristic allows it to bond two surfaces together, making it a versatile solution for a variety of applications. These tapes are extensively utilized in numerous manufacturing sectors, including automotive, healthcare, and construction. Compared to traditional fastening methods like screws and rivets, double-sided tapes offer the advantage of distributing surface tension evenly across the bonded area.

The market for double-sided tape is categorized based on resin type into several segments: acrylic, rubber, silicone, and others. Notably, the silicone segment dominated the market share in 2020. Silicone adhesive tape is recognized for its flexibility, waterproof properties, and non-woven structure, combined with a distinctive silicone adhesive. This type of tape is resistant to fungi and can withstand ozone and ultraviolet radiation, making it suitable for outdoor applications. Additionally, silicone tapes are solvent-resistant and demonstrate high shear and peel strengths. Although they tend to be more expensive and have lower initial tack compared to acrylic and rubber adhesives, they can endure higher temperatures, which is a significant advantage. The growth of the silicone segment is being driven by factors such as an increasing elderly population, a rise in chronic diseases, and a growing global population, all of which are boosting the medical industry and, consequently, the demand for silicone double-sided tapes. Furthermore, supportive government policies, rapid economic development, and the availability of raw materials and affordable labor are contributing to the expansion of the silicone adhesive tape market on a global scale.

The COVID-19 pandemic has had a detrimental impact on economies and industries worldwide, leading to lockdowns, travel restrictions, and business closures. The chemical and materials sector has been particularly hard hit, experiencing significant disruptions including supply chain interruptions, cancellations of technology events, and office closures. The shutdown of manufacturing plants in key regions such as North America, Europe, Asia-Pacific, South America, and the Middle East and Africa has severely restricted the global supply chain, affecting manufacturing operations, delivery timelines, and sales of various chemicals and materials. Many companies have reported potential delays in product deliveries and a decline in future sales. Additionally, international travel bans imposed by countries across Europe, Asia, and North America have hindered business collaborations and partnership opportunities. These challenges are negatively impacting the chemical and materials industry, thereby restraining the growth of related markets, including that of double-sided tapes.

Key players in the double-sided tape market include 3M, Nitto Denko Corporation, Tesa SE, Intertape Polymer Group, Shurtape Technologies, LLC, Scapa, Guangzhou Broadya Adhesive Products Co., Ltd., Lohmann GmbH & Co.KG, LINTEC Corporation, and Avery Dennison Corporation. These companies are significant contributors to the market and play a crucial role in its development.

The overall size of the double-sided tape market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders and experts to validate the findings and gain deeper analytical insights. Participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the double-sided tape market.