Kenneth Research, in its repository of market research reports, has recently added a report on Global Double Sided Tape Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Global Double Sided Tape Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Double Sided Tape Market products.
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A report on Double Sided Tape Market has recently been added into the repository of market research reports of Kenneth Research. The report, which is calculated for the forecast period 2021 2025, provides an in-depth analysis on the opportunities, latest trends, challenges and the growth drivers that are associated with the growth of the market. The market is thriving on account of the growing need for chemicals that are less toxic, backed by the stringent government regulations to regulate chemical pollution. It is estimated that more than 3 million tons of toxic chemicals have been released by industries till date in the year 2021.
On the other hand, it is estimated that every second, around 300kgs of toxic chemicals are released into water, land and air by the industrial facilities. Further, the market is projected to grow on account of the growing trade in chemicals worldwide. The European Union recorded to be the largest exporter of chemical products around the globe in the year 2019. The region was also the second largest importer of chemical products after the United States in the same year. The exports of chemicals in Europe, according to the statistics by Eurostat, grew from USD 323.49 billion in 2010 to USD 504.83 billion in 2020. Moreover, the imports of chemicals in the region grew from USD 205.64 billion in 2010 to USD 285.91 billion in 2020.
In its database of market research reports, Kenneth Research has recently added a report on ‘Double Sided Tape Market ‘ that focuses on the key strategies developed by the key players operating in the market, along the growth factors, opportunities and the challenges associated with the growth of the market for the projected period of 2021 2025. The report also provides a full assessment of the micro- and macro-environmental factors by utilizing tools such as PESTEL and Porter’s five forces analysis to analyze the market growth. Additionally, the report consists of the numerical data in terms of value and volume, and also includes detailed analysis on the impact of COVID-19 on the Double Sided Tape Market during the forecast period.
Global Double Sided Tape Market Analysis
According to Verified Market Research, The Global Double Sided Tape Market was valued at USD 9.43 Billion in 2018 and is projected to reach USD 15.83 Billion by 2026, growing at a CAGR of 6.65% from 2019 to 2026.
What are Double Sided Tape?
Double-sided tape can be defined as any tape that is coated with adhesive on both sides. Double-sided tape can be dimensional or thin. Dimensional double-sided tape is thicker, and is of particular use to uses such as in retail and signage, which can be used to allow signs or displays to stand out with a 3-D effect. Double-sided tape is designed to stick two surfaces together, this kind of tape oftentimes is not visible in the end product as it is between the objects that are being stuck rather than overlaying them.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global Double Sided Tape Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.
Factors such as the growing demand for Double Sided Tapes in various applications as well as in the Asia Pacific region are facilitating the growth of the market. Other factors that are aiding the market include advancement in double sided tape technology and end products. Factors such as the higher prices of double sided tape raw materials and end products are restraining the growth of the market.
Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Double Sided Tape Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.
Global Double Sided Tape Market Competitive Landscape
The “Global Double Sided Tape Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as 3M Company, Intertape Polymer Group, Inc., Avery Dennison Corporation, Shurtape Technologies, LLC., Scapa Group Plc, Nichiban Co. Ltd., Nitto Denko Corporation, TESA SE, Lintec Corporation and Lohmann GmbH & Co. Kg. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above mentioned players globally.
Global Double Sided Tape Market, By End-Use Industry
• Paper & Printing
• Electrical & Electronics
Global Double Sided Tape Market Geographic Scope
• North America
o Rest of Europe
• Asia Pacific
o Rest of Asia Pacific
• Latin America
• Rest of the World
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Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
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