The global double sided rape market size was USD 10.39 Billion in 2022 and is expected to reach USD 18.31 Billion in 2032, and register a revenue CAGR of 6.5% during the forecast period. Double-sided tapes are increasingly being used in the construction and automotive industries, due to its better bonding power and simplicity of use, which is one of the major factors driving market revenue growth.

Need for double-sided tape is being driven by rapid expansion of the construction sector and rising worldwide construction projects. In addition, popular in automobile applications, double-sided tape is frequently used to affix external trim, logos and mirrors. Double-sided tapes are becoming popular in the automotive sector due to their high shear strength and resistance to harsh weather conditions.

The report identifies hot-melt adhesive as the largest technology segment, accounting for ~43% of the market share in 2018. This segment is expected to grow at a CAGR of 7.0% during the forecast period. The report also highlights acrylic adhesive tapes as the largest market share segment (~32%) in 2018, while silicone adhesive tapes are expected to grow with a CAGR of 6.7% during the forecast period.

Get a sample copy of the double sided tape market report: https://www.reportsanddata.com/download-free-sample/1925

The Asia Pacific region dominated the market with a substantial share of approximately 27% in 2018 and is expected to experience the most significant Compound Annual Growth Rate (CAGR) of 7.1% throughout the forecast period. The report identifies prominent market players such as 3M Company, Lintec Corporation, Shurtape Technologies, and Avery Dennison Corporation, among others.

Reports and Data have categorized the worldwide double-sided tape market by adhesive type, product type, technology, industry verticals, and region.

Double Sided Tape Market: Drive Factors

The double-sided tape market is being driven by several factors, including the increasing demand from various industries such as construction and packaging. The growing need for high-strength double-sided tape is also contributing to the market's growth.

Double-sided foam tapes are being used for a variety of purposes such as permanent or temporary fastening, acoustic dampening, packaging, thermal insulation, and gap filling. They come in different materials such as open-cell or closed-cell and various thicknesses. These tapes offer several benefits, including vibration dampening, shock absorption, and thermal sealing between substrates at different temperatures. They can also serve as seals to prevent the passage of moisture, gases, air, and humidity.

According to the report, hot-melt adhesive tapes account for the largest market share, while acrylic adhesive tapes are the most commonly used. The Asia Pacific region holds the largest market share and is anticipated to witness the highest CAGR during the forecast period. Companies have adopted various strategies such as mergers, acquisitions, and partnerships to hold ongoing trails and come up with new developments in the market.

Explore Trending Reports:

Infection Control Market-https://www.reportsanddata.com/report-detail/global-infection-control-market

Bio-Aromatic Polyester Polyols Market-https://www.reportsanddata.com/report-detail/bio-aromatic-polyester-polyols-market

Humic Acid Market-https://www.reportsanddata.com/report-detail/humic-acid-market

Impregnating Resins Market-https://www.reportsanddata.com/report-detail/impregnating-resins-market

Logistics Automation Market-https://www.reportsanddata.com/report-detail/logistics-automation-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/1925

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release