Global Double Coated Film Tapes Market Overview
Double Coated Film Tapes, also known as release coated PET Film, is a film substrate coated on both sides with adhesives which is popularly used across the world by a vast array of applications such as bonding, holding, mounting and packaging. It is usually used to stick two surfaces where they can stick without showing the sticking surface and thus gives a neat look. Because of the inherent properties of the adhesive material these tapes can be placed onto a variety of applications when light pressure is applied, including paper, wood, metals, ceramics and plastics. The design of the tapes requires a durability and adaptation to a variety of environmental and human factors, like temperature, water, UV exposure, mechanical wear and tear, contamination of the substrate surface and adhesive degradation. A typical PET film consists of an adhesive which is the sticky part of the tape and coated to both the sides of the backing material, also called the Carrier and the release paper which prevents the loss of adhesion to environment.
Mostly they are best suited to be used in moderate temperatures of approximately 25-95 °F within which adhesives maintain their adhesive, viscous and elastic behavior. Due to properties such as high durability in harsh temperature conditions and its strength, these are very popularly used. Indeed double coated film tapes have replaces bolts, rivets, screws, pins etc. used in automotive sectors and in other transportation vehicles because of its rust-free, high strength, low maintenance, water-free and air-tight solutions.
Market Size & Forecast
Double Coated Film Tapes Market is anticipated to record a CAGR of 6.2% over the forecast period. The Double Coated Film Tapes market is expected to reach a value of USD 1500.1 million at the end of the forecast period. Many multi-national companies are concentrating towards new product application advances for Double Coated Film Tapes. Moreover, the many advantageous properties of Double Coated Film Tapes such as its low cost, durability, minimal waste generation, high adhesive property and many more are resulting in an existing demand. Advances in automotive and construction industry in the past few years and growing technological explorations are projected to drive Double Coated Film Tapes market besides the wide number of functions in an immense range of products such as furnishings, electronics, household, etc.On the basis of regional platform, global Double Coated Film Tapes market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
As a precursor to automotive and electronic industry, Asia Pacific is expected to observe a substantial growth in Double Coated Film Tapes market due to the rising usage of Double Coated Film Tapes. On account of multiplying applications of Double Coated Film Tapes in growing end-use industries such as construction, consumer electronics etc. the double coated film tapes are expected to have high demand. The paper segment is also expected to grow at the highest CAGR during the forecast period. Paper is an environment-friendly and recyclable material, so, they may get more preferred than any other non-recyclable backing. The properties of paper are improved by the process of saturation with latex to enhance its properties in order to utilize it as backing substrate in adhesive tapes. China is expected to lead the demand for double sided tapes in the Asia Pacific region. Asia Pacific is budding as a regional market for Double Coated Film Tapes consumption. This is followed by Latin America in terms of consumption due to expanding Double Coated Film Tapes requirements in automotive and electronics industries in this region. Middle East is expected to drive demand positively impacting the growth of Double Coated Film Tapes market over the forecast period owing to increasing Double Coated Film Tapes application in automotive industries.
Market Segmentation
Our-in depth analysis of the global Double Coated Film Tapes market includes the following segments:
By Carrier Type:
- Polyester
- PVC Films
- Polypropylene
By Adhesion Type:
- Solvent based Acrylic
- Solvent Synthetic Rubber
By Backing Type:
- Foam
- Film
- Paper
By End User Industries:
- Hospitality
- FMCG
- Construction
- Automotive
- Electronics
- Others
By Region
Global Double Coated Film Tapes Market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges
The rising demand for Double Coated Film Tapes in automotive, electronics, construction etc. is expected to drive the market rapidly over the forecast period. The numerous uses of Double Coated Film Tapes in automotive and increasing production capacity by China are driving factors for the Double Coated Film Tapes market over the forecast period. Rapid economic development with a thriving electronic sector is expected to boost the Double Coated Film Tapes market in the developing regions.
Increasing cost of foam backed products catering to industries such as automotive and building & construction is expected to negatively affect the market globally.
However, development of special low temperature double coated film tapes to eradicate the problem faced due to the low temperature where the tape becomes rigid and brittle. Moreover there are restrictions on usage for more exposure to UV radiation on most of its types is responsible to hinder the market growth further over the forecast period.
Top Featured Companies Dominating The Market
- 3M
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Bemis
- Tesa
- Avery Dennison
- Berry Plastics
- JDC Adhesive Solutions
- Mask Off
- Venture
- Halco
- Shurtape Technologies Llc
