Double Sided Tape Market Forecast 2028 COVID-19 Impact and Global Analysis – The Insight Partners.
Posted by niket gore on July 26th, 2022
The double sided tape market was valued at US$ 9,963.74 million in 2020 and is projected to reach US$ 15,028.98 million by 2028; it is expected to grow at a CAGR of 5.4% from 2020 to 2028.A double-sided tape is any pressure-sensitive tape coated with an adhesive layer on both of its sides. As these tapes can stick two surfaces together, they are being used in a wide range of applications. They are used for fixing and bonding in many manufacturing industries, such as automotive, healthcare, and building and construction. Using double sided tapes is a better option than screws and rivets as the surface tension is spread evenly across the surface.
A double-sided tape is any pressure-sensitive tape coated with an adhesive layer on both of its sides. As these tapes can stick two surfaces together, they are being used in a wide range of applications. The viscous, liquid like adhesive on these tapes adheres to a surface upon applying pressure. The adhesive flows onto the surface and helps two hold two substrates intact. Double-sided tapes have major applications in paper & printing, electrical & electronics, packaging, and automotive industries. The growth of the market is mainly attributed to the widespread use of double-sided tapes in automotive applications such as emblem & nameplates, plate panels, roof molding, rocker panel/cladding, side mirrors, and rear spoilers. Moreover, these tapes are widely utilized in car exteriors, which include door cladding, seals and spoiler, and parking sensor retainers. Superior characteristics of these tapes such as vibration and noise reduction, are anticipated to boost the demand for double-sided tapes in automotive applications.
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Double-sided tapes are extensively used during the production of paper. They offer continuity in running the paper machines, calendars, sheeters, and coaters, which benefits in certain integral tasks, such as reel closing, core starting, and splicing, throughout the paper's manufacturing process. The demand for double sided tapes in the paper & printing industry mainly comes from digital printing and retail industries.
Impact of COVID-19 Pandemic on Double Sided Tape Market
The COVID-19 outbreak has adversely affected economies and industries in various countries due to lockdowns, travel restrictions, and business shutdowns. The chemical & materials industry is one of the significant industries suffering severe disruptions such as supply chain breaks, technology events cancellations, and office shutdowns. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia-Pacific, South America, and the Middle East, and Africa has restricted the global supply chain and hindered the manufacturing activities, delivery schedules, and various chemicals and materials sales. This has negatively impacted the double sided tapes market demand owing to the shutdown of manufacturing activities across the globe. However, with the beginning of the vaccination drive and many countries resuming their manufacturing activities, demand for double sided tapes is expected to grow during the forecast period.
Double Sided Tape Market Breakdown – by region, 2020
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List of Companies- Global Double-Sided Tape Market
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Joined: July 6th, 2022
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