Double-sided Tape Market Size, Share & Trends Analysis Report By Technology (Solvent-based, Water-based, Hot Melt), By Application (Overlapping House Wrap Seams, Building Materials, Mounting), By End-Use Industry (Automotive, Building and Construction, Electrical and Electronics, Paper and Printing) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2024-2032

Market Overview

The global double-sided tape market size was valued at USD 12.4 billion in 2023 and is projected to reach USD 22.8 billion by 2032, registering a CAGR of 7.0% during the forecast period (2024-2032). The double-sided tape market share is driven primarily by rising demand from the packaging industry. 

Double-sided tape is adhesive on both sides and can be applied to two surfaces. It is widely used in bonding, mounting, laminating, and other assembly applications that demand a strong, invisible bond. 

The rapid expansion of the e-commerce sector is driving the global double-sided tape market forward. Double-sided tape is utilized in the e-commerce industry for various applications, including packing and shipping. The coronavirus outbreak has impacted small and medium-sized businesses, while the e-commerce industry has grown exponentially. Furthermore, the increased use of double-sided tapes in several applications propels the global market. The demand for acrylic and PE foam-backed double-sided tapes is high, which may drive the global double-sided tape market's growth. 

Additionally, the worldwide double-sided tape market is expected to face significant constraints. The high cost of raw materials needed to make double-sided tapes may limit the worldwide double-sided tape market's growth. Implementing stringent regulatory regulations may impede the global double-sided tape market.

Highlights

• Hot Melt accounts for the largest share of the market by technology.
• Building materials are a significant contributor to the market based on their application.
• Automotive is the primary end-user industry in the market.

Market Dynamics

Global Double-sided Tape Market Drivers

Expansion of E-Commerce and Packaging Industries

The expansion of e-commerce and the packaging industry is pushing demand for double-sided tapes for packing and shipping applications. Double-sided tapes seal boxes, close cartons, reinforce packages, and mount labels, providing secure and tamper-evident seals for various packing materials. Global e-commerce sales are expected to reach USD 6.3 trillion by 2024, with a 9.4% growth rate. This rise will continue steadily as consumers prefer online buying over traditional retail. China is the world's largest e-commerce market, with the United States ranking second. Together, the two countries generate more than USD 4.1 trillion in e-commerce revenue. Over half of the top ten e-commerce enterprises are from China or the United States. 

Furthermore, as of 2023, there are 274.7 million online shoppers in the United States, representing more than 81% of the total population. The age group with the most significant percentage of online buyers is 18-24, which accounted for 46.9% in March 2023. The age group with the most considerable percentage is 25-34, accounting for 32% in March 2023. The demand for efficient and cost-effective packaging solutions has grown with the rise of online shopping platforms and the increasing volume of items sent globally. Double-sided tape allows manufacturers and e-commerce retailers to improve their packing procedures while still ensuring the safe delivery of products to customers. 

Moreover, the growth of e-commerce has resulted in a significant demand for packing materials with secure and tamper-evident seals for shipment and handling. To capitalize on the potential given by the rise of the e-commerce and packaging industries, double-sided tape makers can concentrate on developing specialist tapes customized to the specific needs of the e-commerce industry.

Global Double-sided Tape Market Restraints

Environmental and Regulatory Concerns

In recent years, there has been a growing awareness and worry about the environmental impact of adhesive goods, such as double-sided tape. Adhesives containing volatile organic compounds (VOCs), hazardous chemicals, or prohibited substances can harm human health and the environment, prompting regulatory scrutiny and public demand for safer, more environmentally friendly alternatives.

Additionally, regulatory agencies such as the Environmental Protection Agency (EPA) in the United States and the European Chemicals Agency (ECHA) in the European Union have enacted regulations and guidelines to limit the use of hazardous substances in adhesives and encourage the use of safer alternatives. Environmental and regulatory concerns about using dangerous chemicals and banned substances in adhesives have driven producers to create more eco-friendly and sustainable options.

Furthermore, there is an increasing tendency toward using water-based adhesives, solvent-free formulations, and bio-based ingredients to produce double-sided tapes. Compared to typical solvent-based adhesives, these alternatives emit fewer VOCs, are less hazardous, and are more biodegradable.

Global Double-sided Tape Market Opportunity

Technological Advancement in Adhesive Formulation

Technological advances in adhesive compositions provide chances for innovation and distinction in the double-sided tape sector. Newer adhesive formulations with improved features such as increased adhesion strength, temperature resistance, and compatibility with a wide range of substrates allow producers to create tapes for particular applications and harsh situations. Manufacturers have produced double-sided tapes using acrylic-based adhesives, outperforming standard rubber-based adhesives in adhesion strength, temperature resistance, and longevity.

In addition, the unique use of double-sided tape in the electronics industry is increasingly gaining popularity and acceptance. Double-sided tape is expected to be more critical as technology advances and market demands change. Furthermore, as the industry's environmental friendliness and sustainable development criteria grow, developing more ecologically friendly and high-performing double-sided tape will become increasingly crucial.

Furthermore, over 230 million major surgeries are performed worldwide each year, with many requiring sutures to heal the incision, which can put stress on the tissues and lead to infections, pain, and scarring. The researchers demonstrated that double-sided tape can also adhere implantable medical devices to tissues like the heart. Furthermore, it works far faster than tissue glues, which often require several minutes to bind tightly and can drip onto other body portions.

Regional Analysis

The global double-sided tape market analysis is conducted in North America, Europe, Asia-Pacific, the Middle East and Africa, and Latin America.

Asia-Pacific Dominates the Global Market

Asia-Pacific is the most significant global double-sided tape market shareholder and is estimated to grow at a CAGR of 7.6% over the forecast period. Asia-Pacific is predicted to dominate the international market, owing to China's highly developed building sector and the region's ongoing investments to improve the architectural industry in recent years. The burgeoning construction sector, driven by population growth and rising middle-class incomes in Asia-Pacific, has boosted demand for architectural construction in recent years. China, India, and Singapore's residential construction sectors have grown significantly in recent years.

In addition, Singapore's Ministry of Trade and Industry (MTI) expects the construction industry to grow by 5.2% in 2023, with value-added rising from 6.7% in 2022 to 7.7%. This expansion is attributed to increased building output in public and private sectors and government investment in transportation and energy infrastructure. Such causes are driving up the use of double-sided tapes in the Asia-Pacific. The need for double-sided tape is expanding across Asia-Pacific's main markets, such as the automotive and electronics industries. Manufacturers have recently increased their use of double-sided tapes in motherboards, cameras, internal parts, and automotive dashboards.

Furthermore, high-strength tapes are in high demand in various industries due to their adhesive properties. They are used for insulation, indoor design, signage, in-mobile cameras, medical applications, in-home appliances, and bonding large objects. As a result, these qualities are projected to fuel the future growth of the Asia-Pacific double-sided tape market. 

North America is anticipated to exhibit a CAGR of 6.9% over the forecast period. The United States has a well-developed manufacturing industry, which includes adhesive and tape-producing facilities. The presence of established producers and their capacity to make high-quality double-sided tapes has aided the country's development. The United States is noted for its ongoing investment in R&D. This has resulted in technological advances in adhesive materials and manufacturing processes. These advancements have enabled US companies to make superior double-sided tapes that match client demands. 

Additionally, double-sided tape is utilized in various industries, including automotive, electronics, and construction. The United States has a strong economy with growing sectors that rely on these tapes for various critical applications.

Europe holds a moderate share of the market. The United Kingdom has a robust industrial and manufacturing base, including various adhesives areas. Companies in the United Kingdom are significant players in the double-sided tapes market. The country produces new products and solutions for a variety of industries.

Segmental Analysis

The global double-sided tape market is segmented based on technology, application, and end-use industry.

The market is further segmented by technology into Solvent-Based, Water-Based, and Hot Melt.

The hot melt division is expected to lead the worldwide double-sided tapes market. Hot melt adhesives are solid at ambient temperature but liquefy when heated, allowing for quick application and bonding. These adhesives adhere well to various substrates and have a strong initial tack and bond strength. They are widely utilized in industries requiring quick assembly, including packaging, woodworking, and product assembly. Hot melt adhesives have advantages such as a fast setting time, high bond strength, and tolerance to temperature changes. They can bond porous and non-porous materials and are widely utilized in the automotive, electronics, and construction industries due to their versatility and dependability.

Solvent-based adhesives use a solvent carrier that evaporates after application, leaving behind a sticky adhesive coating. These adhesives provide excellent initial tack and adhesion to various surfaces, including plastics, metals, and paper. They form strong bonds and are ideal for high-performance applications that require rapid bonding and high bond strength. However, solvent-based adhesives may contain volatile organic compounds (VOCs), necessitating adequate ventilation during application. They are widely utilized in automotive, construction, and packaging industries, requiring quick bonding and strong adhesion.

The market can be bifurcated by application into Overlapping House Wrap Seams, Building Materials, and Mounting.

Double-sided tape is commonly used to glue and mount various building components, such as panels, trimmings, moldings, and architectural features. It forms a strong and lasting binding between multiple substrates such as metal, glass, plastic, wood, and concrete. Double-sided tape eliminates the need for mechanical fasteners or liquid adhesives in building construction, resulting in faster installation and lower labor costs. Its characteristics include consistent stress distribution, vibration damping, and temperature resistance, making it appropriate for interior and outdoor applications. Double-sided tapes that attach building materials are designed to survive harsh environmental conditions such as UV radiation, dampness, and extreme temperatures.

The construction industry often uses double-sided tape to seal overlapping house wrap seams. House wrap is a moisture-resistant covering applied to exterior walls before siding installation to protect the building envelope from water infiltration while allowing moisture vapor to escape. Double-sided tape is used to seal the seams between adjacent sheets of house wrap, resulting in a tight, waterproof seal. This treatment helps to minimize water penetration into the building envelope, lowering the risk of moisture-related damage, mold growth, and energy loss. Double-sided tapes used for overlapping house wrap seams are generally long-lasting and weather-resistant. They can adhere to building materials such as house wrap, wood, or sheathing.

Based on the end-use industry, the market is fragmented into Automotive, Building and Construction, Electrical and Electronics, Paper and Printing.

The automotive end-use segment dominates the market due to the increasing demand for lightweight, efficient bonding solutions. Double-sided tapes are used extensively in the automotive industry for various purposes, including interior and exterior bonding, trim attachment, emblem mounting, weatherstripping installation, and vibration damping. Double-sided tapes are helpful in vehicle assembly because they allow quick bonding, homogeneous stress distribution, and resilience to temperature extremes, chemicals, and environmental conditions. They offer a dependable alternative to mechanical fasteners and liquid adhesives, lowering assembly time, weight, and cost. Automotive-grade double-sided tapes are designed to meet strict performance standards, such as solid bond strength, durability, weather resistance, and compatibility with automotive substrates like metals, plastics, glass, and composites.

Additionally, double-sided tape is a dependable and versatile alternative to traditional mechanical fasteners that reduces vehicle weight and improves fuel efficiency, aligning with the automobile industry's goals for lightweight and lowering emissions. It is commonly used to attach trim, moldings, emblems, and other components, increasing assembly efficiency and contributing to the industry's continual breakthroughs in design and performance. 

In the building and construction category, expanding urbanization and an increasing population are expected to drive the fastest growth. The building and construction sector extensively uses double-sided tapes for bonding, sealing, and mounting applications. Double-sided tapes are used in construction to attach building materials such as panels, trimmings, moldings, and architectural elements; seal overlapping house wrap seams; bond insulation materials; and mount signage and displays. They are famous for indoor and outdoor applications due to their convenience, adaptability, and dependability. Construction-grade double-sided tapes are engineered to endure extreme environmental conditions such as UV radiation, moisture, temperature changes, and mechanical stress, ensuring long-term performance and durability in building applications.

Recent Developments

• March 2024- 3M launched a world-first innovation to help rethink shipping and packaging.
• February 2024- IPG and IMA Group announced their participation in Modex 2024, introducing different packaging technologies for e-commerce, e-fulfillment, and intralogistics and unveiling the new Sealmatic - Automatic Case Sealer equipment.
• March 2024- The FrogTape® brand provided Double-Sided Poly-Hanging Containment Tape, a one-step solution for hanging poly-sheeting and constructing high-performance containment systems.
• April 2024- Tesa, an international manufacturer of unique adhesive tapes and self-adhesive product solutions, introduces tesa® 4965 Original Next Gen, an upgraded version of one of its flagship products, tesa® 4965 Original. This novel adhesive tape uses biomass-balanced acrylic monomers and 90% PCR PET in its backing, resulting in a 40% reduction in CO? emissions while preserving dependability and performance.