Asia Pacific Double Sided Tape Market
The Asia Pacific double sided tape market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Automotive is projected to be the leading end-use industry of acrylic foam tapes over the forecast period since these foams are used in roof molding, plate panels, rocker panel/claddings, outer belt moldings, rear spoilers, body & bumper side moldings, emblem & nameplates, side fenders/wheel flare, and side mirrors. The demand for acrylic resin-based foam back tape is on a rise across the globe owing to its superior properties over silicone-based resins. It can withstand several environmental adversities owing to its unique cohesion and humidity resistance. It is also relatively cheaper in comparison to other resin types. It is extensively used in the automotive industries, due to its excellent adhesion properties. The acrylic tape’s foam core allows it to enhance and contract with temperature changes. The viscoelastic properties merged into these tapes enable them to adapt to surface irregularities and gaps, offering a better fit by compensating for some part-to-vehicle mismatch.
In Asia Pacific, India has witnessed an unprecedented rise in number of COVID-19 cases, which has led to the discontinuation of double sided tape manufacturing activities. Other chemical and materials manufacturing sector has subsequently impacted the demand for double sided tape during the early months of 2020. Similar trend was witnessed in other Asia Pacific countries, i.e., Japan, China and Australia. However, Asia Pacific is likely to overcome the ill-effects of the COVID-19 pandemic, and economic activities are regaining their pace gradually since the beginning of 2021.
Strategic insights for the Asia Pacific Double Sided Tape provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 5,067.96 Million |
| Market Size by 2028 | US$ 7,717.38 Million |
| Global CAGR (2021 - 2028) | 6.2 % |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | Asia-Pacific
|
| Market leaders and key company profiles |
The geographic scope of the Asia Pacific Double Sided Tape refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The double-sided tape market in Asia Pacific is expected to grow from US$ 5,067.96 million in 2021 to US$ 7,717.38 million by 2028; it is estimated to grow at a CAGR of 6.2 % from 2021 to 2028. The demand for electric vehicles is escalating across the world, especially in Asia Pacific. Manufacturers of electric vehicles are focusing on increasing the battery capacities of their vehicles because of inaccessibility of charging stations for such vehicles traveling on roads in remote areas. With the rising adoption of electric vehicles in Asia Pacific, the demand for double sided tape is also expected to increase, as these tapes are increasingly being used in electric vehicle components such as batteries, capacitors, and parking sensors. The use of double-sided adhesives tapes in electric vehicles is growing, owing to several requirements by the automotive companies such as replacing conventional substrates materials by synthetic substrates, increasing focus on environmental affairs, and bonding of dissimilar and similar materials. Double sided tapes also address these concerns in prospect to engineering since they are considered to resist vibration and allows the distribution of stress over an extensive area.
Based on resin type, the silicone segment accounted for the largest share of the Asia Pacific double sided tape market in 2020. Based on backing material, the film segment held a larger market share of the Asia Pacific double sided tape market in 2019. Based on end-use, the consumer goods segment held the largest share of the Asia Pacific double sided tape market. Silicone adhesive tape consist of flexible, waterproof, non-woven tape with a unique silicone adhesive. It is fungus resistant and can fight ozone and ultraviolet radiation in outdoor environments. The gel in silicone tapes entails a lesser amount of polydimethylsiloxane that has zinc oxide as a component. Moreover, these tapes are resistant to ultraviolet radiation as zinc oxide serves as an inhibitor to them. Silicone adhesive tape are put together with silicone polymers and comprise of the only adhesive that can bond well with silicone substrates. Moreover, these adhesives are comparatively expensive and have a very less initial tack but can survive higher temperatures than both acrylic and rubber adhesives.
A few major primary and secondary sources referred to for preparing this report on the Asia Pacific double sided tape market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include 3M, Nitto Denko Corporation, Tesa SE, Intertape Polymer Group, Shurtape Technologies, LLC, Scapa, Guangzhou Broadya Adhesive Products Co., Ltd., Lohmann GmbH & Co.KG, Lintec Corporation, Avery Dennison Corporation.
The Asia Pacific Double Sided Tape Market is valued at US$ 5,067.96 Million in 2021, it is projected to reach US$ 7,717.38 Million by 2028.
As per our report Asia Pacific Double Sided Tape Market, the market size is valued at US$ 5,067.96 Million in 2021, projecting it to reach US$ 7,717.38 Million by 2028. This translates to a CAGR of approximately 6.2 % during the forecast period.
The Asia Pacific Double Sided Tape Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Double Sided Tape Market report:
The Asia Pacific Double Sided Tape Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Double Sided Tape Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Double Sided Tape Market value chain can benefit from the information contained in a comprehensive market report.
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