Double Sided Tape Market Analysis ? Growth and Forecast To 2024Posted by pooja karn on February 6th, 2019
Double sided tape is pressure sensitive tape which are coated with adhesives on both the sides. This tape is different from normal tape based on the suitability and utility for various applications. It is designed to stick two surfaces together in a way that they are not visible in the end product. The global double sided tape market is growing at a good pace, owing to its growing application in various industries such as automotive, building and construction, electrical and electronics, and others. The market is witnessing an increase in demand, owing to its superior properties and utility as compared to traditional tape. The demand of these tapes is increasing in the market due to its wide application range in innovative applications. They offer versatility and are used in various industries such as automotive, aerospace, construction, and others. Some of the superior properties it offers over traditional normal tapes includes, they are excellent for lamination, ideal for filling gaps for tighter seal, and others, making it popular in the market. This tape is generally expensive than traditional tape due to the superior properties it possesses and high cost of raw material. Silicone based tape are most expensive, while natural rubber based are economical. Asia-Pacific is expected to register the highest growth in the double sided tape market during the forecast period. The rising demand of this tape for various applications from emerging countries such as China, South Korea, Vietnam, and India are expected to drive the market growth, due to the rapid industrialization in these countries, which is also attracting the foreign investors to invest in the region, fueling the growth of the market. 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. Contact Like it? Share it! More by this author |
