Asia-Pacific Double Sided Tape Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Resin Type, Backing Material, End-Use

Asia-Pacific Double Sided Tape Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Resin Type, Backing Material, End-Use

  • June 2021 •
  • 164 pages •
  • Report ID: 6103128 •
  • Format: PDF
The Asia Pacific double sided tape market 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. Asia has been is the largest producers of chemicals among all major regions in the world. China dominates the regional market, followed by other countries such as Japan, Taiwan, Vietnam, Korea, Thailand, Malaysia, and Indonesia. The demand for double sided tape is high in the manufacturing and automotive industries in these countries. Factors such as surge in automotive production, availability of cheap raw materials and labor, low taxes, and comparatively low environmental regulations are boosting the growth of the double-sided tape market in China. These tapes are also extensively utilized in medical devices, electronics and appliances, automotive, and other industries. Also, the rising expenditure toward R&D activities to expand the application base of double-sided tapes has also led to market growth.

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.

Based on backing material, the market is segmented into foam, film, paper and others.The film segment led the Asia Pacific double sided tape market in 2020.

Double-sided film tapes, also known as release-coated PET film, is popularly used in a wide range of applications such as holding, bonding, mounting, and packaging worldwide. A typical PET film comprises an adhesive, i.e., the sticky part of the tape, covering both the sides of a backing material, which is also known as a carrier and a release paper. The backing material safeguards the loss of adhesives to environment. These tapes need to be durable and adaptable to factors such as water, temperature, mechanical wear and tear, UV exposure, adhesive degradation, and contaminated substrate surfaces.

The Asia Pacific double sided tape market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.

The process also serves the purpose of obtaining an overview and forecast for the Asia Pacific double sided tape market with respect to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic.

The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Asia Pacific double sided tape market. A few of the key companies operating in the market are 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, and Avery Dennison Corporation.

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