Press release
Double Sided Tape Market to Witness Robust Expansion by 2023
Double-sided tape is any pressure-sensitive tape that is coated with adhesive on both sides. It is designed to stick two surfaces together, often in a way which is not visible in the end product, due to it being in between the objects rather than overlaying them.
The Double Sided Adhesive Tape market is marked with intense competition due to the presence of a large number of players. New product launches and acquisitions are the key strategies adopted by market players to expand their business in the industry. The Double Sided Adhesive Tape market is dominated by several large players such as 3M, Nitto, TESA, Berry Plastics, Intertape Polymer Group, Scapa and so on.
Double Sided Adhesive Tape are used for automotive, building and construction, packing, electrical electronics and other applications. Automotive, electronics and medical device are the market which double sided adhesive tape is developing more faster and regarded as the market growth drive factor.
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Global Double Sided Tape Market: Forecast by Type / Application / Region
Double Sided Tape product demand market has certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity. Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.
Although sales of Double Sided Adhesive Tape brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk to enter this market.
Over the next five years, LPI(LP Information) projects that Double Sided Adhesive Tape will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
Global Double Sided Tape Market: Key Players
3M
TESA
Nitto Denko
Berry Plastics
SEKISUI
Lintec
Flexcon
Shurtape
Intertape
Scapa Group
Yem Chio
Adhesives Research
KK Enterprise
BO.MA
DeWAL
Zhongshan Crown
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Related Information:
United States Double Sided Tape Market Research Report 2018
Europe Double Sided Tape Market Research Report 2018
North America Double Sided Tape Market Research Report 2018
Asia-Pacific Double Sided Tape Market Research Report 2018
China Double Sided Tape Market Research Report 2018
EMEA Double Sided Tape Market Research Report 2018
Global Double Sided Tape Market Research Report 2018
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