Global Double Coated Film Tapes Market is valued approximately at USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2029. Double Coated Film Tapes are made up of flexible film materials, heavily coated. These double coated film tapes presents super adhesion to an expansion of surfaces. These possess efficient excellent tack adhesion, and die-cutting capability. These have major advantages across Building & Construction, Automotive, Paper & Print. The Double Coated Film Tapes market is expanding because of factors such as the rising use of double-sided tapes in diverse applications and growing demand for acrylic and pe foam-backed double-sided tape in the forecast period.
According to Statista in 2021, the global market value of adhesive foam tape accounted for USD 8.18 billion in 2018. Asia Pacific is estimated to attain the largest market for various tapes including adhesive foam tape, double coated film tapes, etc. Thus, with the rising demand and use for tapes, the market is projected to grow. Whereas, rising advancement in double-sided tape technology and end products and growing demand for acrylic foam-backed tapes in the automotive application creates lucrative opportunities for the market growth. However, higher prices of double-sided tape raw materials hamper the market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Double Coated Film Tapes Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominates the market in terms of revenue, owing to the growing demand for double sides tapes for automotive, paper & printing, electrical & electronics, building & construction industries etc. Whereas, the Asia Pacific is expected to growduring the forecast period, owing to factors such as increasing penetration of market players, and growing R&D activities in the forecast period across the region.
Major market players included in this report are:
3M Company (US),
Nitto Denko Corporation (Japan)
Tesa SE (Germany),
Lintec Corporation (Japan),
Intertape Polymer Group, Inc. (Canada),
Avery Dennison Corporation (US),
Scapa Group Plc (UK).