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.
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Increasing use and demand of these tapes in various applications, growing demand for acrylic and polyethylene form backed double sided tape are the major factors driving the growth of the global double sided tape market. The demand for these tapes is increasing in the market due to its wide application range in innovative applications.
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.
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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.
Source: VynZ Research