Chemicals and Materials Double Sided Tape Market New | Page 2

tapes in healthcare, aerospace, and wind and solar energy applications. These double sided
tapes have an extreme rate of bond formation, which can translate into high production
rates. In the US, the hot-melt technology is widely used in tape production by key players,
such as 3M Company (US) and Intertape Polymer Group, Inc. (Canada).
Based on backing substrate, the paper/tissue segment of the double sided tape
market is expected to grow at the highest CAGR during the forecast period.
The paper segment is projected to grow at the highest CAGR from 2018 to 2023 as it is
cheaper and recyclable. Smooth or crepe paper with different elongation degrees and
tensile strengths are used as a backing material for double sided tapes. The demand for
double sided tapes in the paper & printing, electrical & electronics, healthcare, and
packaging industries is expected to drive the demand for paper/tissue backing material.
The double sided tape market in the Asia Pacific region is projected to grow at the
highest CAGR during the forecast period.
The double sided tape market in the Asia Pacific region is expected to grow at the highest
CAGR during the forecast period, due to the rising demand for double sided tapes from
emerging economies, such as India, China, South Korea, Vietnam, Taiwan, and Singapore.
China is leading the market for double sided tapes in the Asia Pacific region. The growth of
various end-use industries, such as automotive, electrical & electronics, and paper &
printing, is projected to drive the demand for double sided tapes in China.
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Key players operating in the double sided tape market include 3M Company (US), Nitto
Denko Corporation (Japan), Tesa SE (Germany), Lintec Corporation (Japan), Intertape
Polymer Group, Inc. (Canada), Avery Dennison Corporation (US), Shurtape Technologies,
LLC (US), and Scapa Group Plc (UK).
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