The global double-sided tape market is anticipated to grow at a CAGR of 8.4% during the forecast period (2021-2027). The key companies across the globe are highly inclined towards the adoption of different growth strategies including capacity expansion, agreements, collaborations, mergers and acquisitions, new product launches, and product innovation to remain competitive in the marketplace. For instance, in March 2021, Avery Dennison Corp. has announced that it has acquired JDC Solutions, Inc., a Mount Juliet-based manufacturer of pressure-sensitive specialty tapes. The company’s specialty tapes are used for a variety of industrial applications and have a better relationship with the US companies that are serving the automotive, consumer appliance, and building and construction industries, among others. It has also acquired, Yongle Tape, a China-based company for around $245 million in Feb 2017. The acquisitions by the company were done to expand its presence at various locations and to serve tapes to many industries.
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In March 2020, OpenGate Capital announced that its portfolio company, Duraco Specialty Tapes, a manufacturer of pressure-sensitive tapes, has acquired Infinity Tapes, a manufacturer of customized adhesive products. Additionally, in June 2018, FindTape was pleased to announce a relationship with Tesa SE tape, inc., a manufacturer of pressure-sensitive adhesives serving various industries including appliance, automotive, building supply, electronics, industrial, paper, and print, and transportation. However, the mergers & acquisitions, partnerships, collaboration, and others by the major key players in fostering the global double-sided tape market during the forecast period. Additionally, the companies have adopted this type of strategy for the expansion of geographical presence and product portfolio across the globe.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
Segment Covered-
· By Resin Type
· By Technology
· By Backing Material
· By End-users
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
· Competitive Landscape- 3M Co., Tesa SE, Nitto Denko Corp., Berry Global Inc., FLEXcon Co., Inc., Saint-Gobain SA, Scapa Group Plc, Shurtape Technologies, LLC, and Lintec Corp., among others.
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A full Report of Double-sided Tape Market is Available at: https://www.omrglobal.com/industry-reports/double-sided-tape-market
Global Double-Sided Tape Market Report Segment
By Resin Type
· Acrylic
· Rubber
· Silicone
· Others (Paper)
By Technology
· Solvent-Based
· Water-Based
· Hot-Melt
By Packing Material
· Foam
· Paper/Tissue
· Film
· Fastening Material
· Others (Metal Foil and Polyester)
By End-Users
· Automotive & Transportation
· Construction
· Paper & Print
· Medical Devices
· Electrical & Electronics
· Packaging
· Others (Oil & Gas, Defense, and Appliances)
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
