Double Sided Tapes Market Size Worth $7.08 Billion By 2032 | CAGR: 5.5%

Double Sided Tapes Market Size Worth $7.08 Billion By 2032 | CAGR: 5.5%


The global double sided tapes market size is expected to reach USD 7.08 billion by 2032, according to a new study by Polaris Market Research. The report “Double Sided Tapes Market Share, Size, Trends, Industry Analysis Report, By Resin Type (Acrylic, Rubber, Silicone, Others); By Technology; By Tape-Backing Material; By End-use Industry; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The double-sided tapes in the marketplace have numerous applications, primarily in the construction industry, which is driving the global market growth. Double-sided tapes are gaining wide adoption in this sector due to their ability to attach two surfaces without the visibility of that connection. The need to bond glass, concrete, wood, steel, plastic, and other materials is stimulating the requirements for efficient double-sided tapes on the market. The increasing construction of buildings and workplaces with appealing design models is projected to facilitate significant demand for these tapes during the forecast timeframe.

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Furthermore, the ongoing transition towards electric vehicles (EVs) is showcasing enormous opportunities for the double-sided tape market. Double-sided tapes are pressure-sensitive adhesives that are gaining utility in numerous electric vehicle assembly applications with the potential to safeguard sensitive battery components. As safety becomes more prominent for batteries and automakers, manufacturers are establishing specialized tapes for EVs with acrylic, rubber, silicone, and other materials, enabling defense against thermal runaway and meeting flame requirements.

In addition, the exceptional adhesive properties of double-sided tapes are utilized in commercial and residential applications such as the installation of LED lighting. Its significant performance in ensuring the safe and secure fitting of LED lights is likely to provide demand for double-sided tapes, driven by the rising adoption of LED lights due to their cost-effectiveness and durability.

The International Energy Agency's strategy to achieve zero-carbon-ready buildings by 2030 is likely to show growth opportunities for the double-sided tape market. As a part of this initiative, it established a new target of 100% LED lighting sales by 2025, facilitating the potential demand for adhesives handling LED lights, including demand for double-sided tapes during the forecast timeframe.

Moreover, the prevalence of major players in the production of double-sided tapes and growing product advancements in the market with changing industrial needs are promoting the expansion of the global double-sided tapes market. For instance, in November 2023, Shapewear Company Double Scoop unveiled double-sided invisible tape strips for fashion applications.

Double Sided Tapes Market Report Highlights

  • Acrylic segment is anticipated to witness the highest growth in the coming years due to its key features such as protection from extreme weather conditions including UV rays and oxidation.
  • Solvent-based segment accounted for the largest market share in the year 2023, owing to its superior capability to withstand chemical exposure coupled with excellent water resistance qualities.
  • Foam-backed segment held the largest market share in the year 2023, due to its prominent conformability property and better suitability to bond with electronic components.
  • Asia Pacific region is projected to register the fastest growth during the forecast period, attributable to the growing demand for packing equipment from key manufacturing industries including electronics, food and beverages, among others.
  • The global players include 3M, Avery Dennison Corporation, Guangzhou Broadya Adhesive Products Co. Ltd, & Intertape Polymer Group, Inc., and others.

Polaris Market Research has segmented the double-sided tapes market report based on resin type, technology, tape-backing material, end-use industry, and region:

Double Sided Tapes, Resin Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Acrylic
  • Rubber
  • Silicone
  • Others

Double Sided Tapes, Technology Outlook (Revenue - USD Billion, 2019 - 2032)

  • Solvent-based
  • Water-based
  • Hot-melt-based

Double Sided Tapes, Tape-Backing Material Outlook (Revenue - USD Billion, 2019 - 2032)

  • Foam-backed
  • Film-backed
  • Paper-/Tissue-backed
  • Unsupported-/Transfer-backed
  • Others

Double Sided Tapes, End-use Industry Outlook (Revenue - USD Billion, 2019 - 2032)

  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Paper & Printing
  • Others

Double Sided Tapes, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of APAC
  • Latin America
    • Argentina
    • Brazil
    • Mexico
    • Rest of LA
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa
    • Rest of MEA

Double Sided Tapes Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 4.63 billion

Revenue forecast in 2032

USD 7.08 billion

CAGR

5.5% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments covered

  • By Resin Type
  • By Technology
  • By Tape-Backing Material
  • By End-use Industry
  • By Region

Regional scope

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Competitive Landscape

  • Double Sided Tapes Market Share Analysis (2023)
  • Company Profiles/Industry participants profiling includes company overview, financial information, product/service benchmarking, and recent developments

Report Format

  • PDF + Excel

Customization

Report customization as per your requirements with respect to countries, region and segmentation.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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