Double Coated Film Tapes Market is anticipated to expand at a CAGR of 6.8% by 2032

Double Coated Film Tapes Market

The double-coated film tapes market is projected to grow at a CAGR of 6.8% by 2032. By 2032, the market, which is currently worth US$ 1.8 billion, is anticipated to be worth US$ 3.47 billion.

Due to their high demand, major players still utilize high-performance double-coated film tapes. Businesses are focusing on the tape used for foam lamination, which is needed indoors and for a variety of polymers and mild metals, including rubber gaskets, where moderate temperature and strong shear performance are needed.

Electronic gadgets commonly employ double-coated film tapes. They have adhesive-coated tissue on both sides, a siliconized paper liner, strong direct and long-lasting adhesive, and good dynamic and static shear resistance, among other things.

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Double-coated film tapes are composed of strong flexible film materials, heavily coated with solvent-based, hot-melt, and water-based adhesives. These film tapes feature a polyester liner that possesses excellent processing, excellent tack adhesion, and die-cutting characteristics. Generally, these double-coated film tapes are applied on plastic parts, extruded parts and rubber profiles of the products and are also used for bonding electronic parts.

There has been a huge change in the way the double coated film tapes market are manufactured, packaged and used across industries over the years due to the growing importance and rising demand for these tapes. However, the unique feature that makes double coated film tapes market more attractive than other tapes is its sheer strength and superior temperature resistance quality. Double coated film tapes are an ideal solution for permanent bonding of two different surfaces and also for mounting of splicing applications.

Double Coated Film Tapes Market: Dynamics

The demand for double coated film tapes is expected to grow at a significant CAGR over the forecast period. Its multi-purpose characteristics and wide application across several where high performance tapes are required at competitive price is one the major driving factors for the double coated film tapes market. Further, rapid growth in the packaging industries with technological advancements has further fuelled this growth. Other advantages associated with these tapes like high initial adhesion with build-up over 24 hours, good adhesion to low surface energy substrates and wider acceptance for indoor and room temperature applications are some features that fuel the growth in the double coated film tapes market. However, rising prices of raw materials and availability of several low cost alternatives can act as restraints in the double coated film tapes market.

Double Coated Film Tapes Market: Region-Wise Outlook

Geographically, the global double-coated film tapes market is divided into five regions North America, Latin America, Europe, Asia-Pacific (APAC) and the Middle East & Africa (MEA). Asia Pacific is expected to dominate the growth in the double coated film tapes market, primarily due to huge demand in developing economies like India and China and also because of lower manufacturing cost in these economies. The low manufacturing costs in developing countries are due to easy availability of raw materials and cheap labor.

Further, North America is expected to witness a stagnant growth in the double coated film tapes market over the forecast period, while Europe is expected to experience an average growth in the double coated film tapes market, primarily driven by the production of adhesive tapes in Italy that supplies these tapes to both Eastern and Western Europe. Furthermore, these regions are expected to grow less aggressively in comparison to Asia Pacific, due to shift in production from developed economies to Asia Pacific. Latin America and MEA are expected to experience a moderate growth in the double coated film tapes market.

Double Coated Film Tapes Market: Key Players

Some of the major players for the global double coated film tapes market are, 3M Company, NITTO DENKO CORPORATION, Shurtape Technologies, LLC, Intertape Polymer Group, tesa tape, inc., Adchem Corporation, V. Himark USA, Inc., Parafix Tapes & Conversions Ltd, Elite Tape, MACtac, LLC,.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Report Highlights :

Detailed overview of the parent market, Changing market dynamics in the industry, In-depth market segmentation, Historical, current and projected market size in terms of volume and value,Recent industry trends and developments,Competitive landscape, Strategies of key players and products offered,Potential and niche segments, geographical regions exhibiting promising growth,A neutral perspective on market performance,Must-have information for market players to sustain and enhance their market footprint
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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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