Silicone Segment to Dominate Asia Pacific Double Sided Tape Market during 2021-2028
According to this research study titled “Asia Pacific Double Sided Tape Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Resin Type, Backing Material, End-Use, and Country,” the market is expected to reach US$ 7,717.38 million by 2028 from US$ 5,067.96 million in 2021. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2028. The report provides trends prevailing in the Asia Pacific double-sided tape market along with the drivers and restraints pertaining to the market growth. Wide application scope of double-sided tape and rise in demand for double sided tapes in Asia Pacific are major factors driving the growth of the Asia Pacific double sided tape market. However, exaggeration in the prices of raw materials may hinder the growth of Asia Pacific double sided tape market.
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.
The market for Asia Pacific double sided tape is segmented into resin type, backing material, end-use and country. Based on resin type, the market is segmented into acrylic, rubber, silicone, and others. In 2020, the silicone segment held the largest share in Asia Pacific double sided tape market. Based on backing material, the Asia Pacific double sided tape is bifurcated into foam, film, paper, and others. The form segment is expected to be the fastest growing segment over the forecast period. Based on end-use, the market is segmented into health care, building and construction, automotive, consumer goods and others. In 2020, the consumer goods segment held the largest share in Asia Pacific double sided tape market. Furthermore, in this present scenario of COVID-19 pandemic, the Asia Pacific double sided tape market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for double sided tape.
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 are some of the leading companies in the Asia Pacific double sided tape market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Double Sided Tape market as follows:
Asia Pacific Double Sided Tape Market - By Resin Type - Acrylic
Asia Pacific Double Sided Tape Market - By Backing Material - Foam
Asia Pacific Double Sided Tape Market - By End-Use - Health Care
Asia Pacific Double Sided Tape Market - By Country - Australia
According to this research study titled “Asia Pacific Double Sided Tape Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast - by Resin Type, Backing Material, End-Use, and Country,” the market is expected to reach US$ 7,717.38 million by 2028 from US$ 5,067.96 million in 2021. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2028. The report provides trends prevailing in the Asia Pacific double-sided tape market along with the drivers and restraints pertaining to the market growth. Wide application scope of double-sided tape and rise in demand for double sided tapes in Asia Pacific are major factors driving the growth of the Asia Pacific double sided tape market. However, exaggeration in the prices of raw materials may hinder the growth of Asia Pacific double sided tape market.
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.
The market for Asia Pacific double sided tape is segmented into resin type, backing material, end-use and country. Based on resin type, the market is segmented into acrylic, rubber, silicone, and others. In 2020, the silicone segment held the largest share in Asia Pacific double sided tape market. Based on backing material, the Asia Pacific double sided tape is bifurcated into foam, film, paper, and others. The form segment is expected to be the fastest growing segment over the forecast period. Based on end-use, the market is segmented into health care, building and construction, automotive, consumer goods and others. In 2020, the consumer goods segment held the largest share in Asia Pacific double sided tape market. Furthermore, in this present scenario of COVID-19 pandemic, the Asia Pacific double sided tape market has been facing difficulties and several countries have suffered heavily. The manufacturing sectors in the Asia Pacific countries have been experiencing low production and a weak supply chain. Thereby, impacting the market for double sided tape.
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 are some of the leading companies in the Asia Pacific double sided tape market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The report segments the Asia Pacific Double Sided Tape market as follows:
Asia Pacific Double Sided Tape Market - By Resin Type - Acrylic
- Rubber
- Silicone
- Others
Asia Pacific Double Sided Tape Market - By Backing Material - Foam
- Film
- Paper
- Others
Asia Pacific Double Sided Tape Market - By End-Use - Health Care
- Building and Construction
- Automotive
- Consumer Goods
- Others
Asia Pacific Double Sided Tape Market - By Country - Australia
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
Table of Contents
1. Introduction
3. Research Methodology
4. Asia Pacific Double Sided Tape Market Landscape
5. Asia Pacific Double Sided Tape Market - Key Market Dynamics
6. Double Sided Tape - Asia Pacific Market Analysis
7. Asia Pacific Double Sided Tape Market Analysis - By Resin Type
8. Asia Pacific Double Sided Tape Market Analysis - By Backing Material
9. Asia Pacific Double Sided Tape Market Analysis - By End-Use
10. Asia Pacific Double Sided Tape Market - Country Analysis
11. Overview- Impact of COVID-19 on Asia Pacific Double Sided Tape Market
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 164 |
Published | June 2021 |
Forecast Period | 2021 - 2028 |
Estimated Market Value ( USD | $ 5067.96 Million |
Forecasted Market Value ( USD | $ 7717.38 Million |
Compound Annual Growth Rate | 6.2% |
Regions Covered | Asia Pacific |