The U.S. current-account deficit increased and reached US$ 234.8 billion in Q4 2021. However, the Canadian Dollar exchange (CAD) increased by 29.9% in Q1 22 to reach US$ 294.4 billion, widening the imbalance by US$ 68.6 billion. In the first quarter of 2022, exports of goods and services rose by US$ 27.7 billion, totaling US$ 1.07 trillion. However, the nation’s goods and services deficit decreased to US$ 79.9 billion in June from US$ 87.9 billion in May, which was corrected, a US$ 5.7 billion decrease that indicated some relief. On the other hand, the annual inflation rate in the country hit 8.7%.
Global Double sided tape Market to reach USD $billion by 2027.Global Double sided tape Market is valued at approximately USD $billion in 2020 and is anticipated to grow with a healthy growth rate of more than % over the forecast period 2021-2027.
Double-sided tape is basically a pressure-sensitive tape. It is coated with adhesive material on both sides of the tape. It can stick from both the sides together. It is used in between the two products rather than surface. Increasing use of double-sided tapes in various applications enhances the market growth of double-sided tape.
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For Instance: according to EurekAlert, in 2019 the Massachusetts Institute of Technology (MIT) engineers designed double-sided tapeto rapidly seal tissues together. It is estimated that double sided tape can be used as a substitute for surgical sutures. Thus with the rising cases of surgeries the demand of double-sided tape also increases.Growing demand for Acrylic and Pe Foam Backed Double Sided Tapes accelerates the market growth. However, increasing rates of double-sided tape end products and raw materials impedes the growth of the market over the forecast period of 2021-2027. Also, rising adoption for acrylic foam backed tapes in the automotive is likely to increase the market growth during the forecast period.
The regional analysis of global Double sided tape market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading region across the world in terms of market share owing to increasing application in various sectors . Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2021-2027. Factors such as increasing use in surgical fields would create lucrative growth prospects for the Double sided tape market across Asia-Pacific region.
Major market player included in this report are: 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 Lohmann GmbH & Co. Kg.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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The detailed segments and sub-segment of the market are explained below: By Resin Type: Acrylic Rubber Silicone Others (EVA and Polyurethane) By Technology: Solvent-based Water-based Hot-Melt By Backing material: Foam Film Paper/Tissue Unsupported Others (cloth, cotton, metal, alloys, polyamide (PA), cellulose, fiberglass, non-woven, and vinyl) By Application: Automotive Building & Construction Electrical & Electronics Paper & Printing Others (packaging, aerospace & defense, healthcare, wood working, wind energy, solar energy, and sports) By End-Use: Automotive Building & Construction Paper & Print
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