Double coated film tapes are made up from strong flexible film materials, coated with water-based, solvent-based, and hot melt adhesives. These film tapes contain a polyester liner, which possess excellent tack adhesion, die-cutting, and excellent processing characteristics. Double coated film tapes for bonding two different surfaces permanently and for mounting of slicing applications. Usually, these tapes are applied on extruded parts, rubber profiles, and plastic parts of the products, and are also utilized for bonding electronic parts. Huge change is witnessed in the production procedures and packaging of double coated film tapes utilized in various industries over the years as a result of rise in demand and growth in importance of these tapes. There is a growth in demand due to superior temperature resistance and sheer strength of these tapes.
Rapid growth in packaging industry and technological advancements predominantly drive the growth of the market. Its multipurpose characteristics and increase in applications across various industries also fuel the market growth. Other advantages offered by these tapes such as wider acceptance for indoor & room temperature applications and good adhesion to substrates having low surface energy are some features, which boost the market growth.
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Asia-Pacific is expected to register substantial growth due to huge demand and lower manufacturing costs of these tapes in emerging economies such as China & India. The production cost is low in the developing countries due to cheap labor and easy availability of raw materials. However, rise in raw material prices and availability of low cost alternatives hinder the market growth.
The report segments the double coated film tapes market on the basis of material, adhesive type, end-use industries, and geography. Based on material, the market is divided into polyethylene terephthalate, polyvinyl chloride, polyethylene, polypropylene, and others. According to adhesive type, the market is classified into hot melt, acrylic, water-activated, and silicone. On the basis of end-use industry, the market is categorized into food & beverages, cosmetics & toiletries, industrial, and pharmaceuticals. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The major players operating in the global market focus on key market strategies such as product launch, mergers, acquisition, and expansion to strengthen their market reach to maintain their position in the competitive market.
The Major Key Players Are:
Intertape Polymer Group
Nitto Denko Corporation
Parafix Tapes & Conversions Ltd.
Shurtape Technologies, LLC
Tesa Tape, Inc.
The 3M Company
V. Himark USA, Inc.
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This report provides a quantitative analysis of the current trends and estimations from 2017 to 2023 of the global double coated film tapes market to identify the prevailing market opportunities.
Major countries in each region are mapped according to individual market revenue.
Comprehensive analysis of factors that drive and restrict the market growth is provided.
An in-depth analysis of current research & clinical developments within the market is provided with key dynamic factors.
Key players and their key developments in the recent years are listed.
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Source:: Daily times