Thermal adhesive tape is a high-performance acrylic foam tape coated with pressure-sensitive adhesive on both sides. Double-sided tape is typically used in electrical equipment, electronics, construction, and automotive sectors. This product can be offered in rolls or in die-cut parts. It is also known as an insulation material. It is commonly used in conjunction with heating and cooling devices, as well as in LED lighting applications. Aside from being a bonding medium, thermal tapes are also used to provide damping and support flex bonding.
Despite the emergence of new technologies, thermal adhesive tape has retained its position as one of the leading products in the global market. It is utilized for several applications, such as bonding to insulation panels, joining plastic sheeting, and fixing roof bars in commercial vehicles. In addition, it is used for integrating circuit packaging. Moreover, the rise in demand for electric vehicles has led to increased sales of the same. Also, the growing sales of smartphones, smart TVs, and other consumer electronic products have contributed to the increase in the demand for thermal adhesive tape.
Moreover, the rapid growth of the Asia-Pacific region, including India and China, has also led to a positive impact on the global thermal adhesive tape industry. These countries are home to major end-use industries, such as the electronic industry and the manufacturing sector. Therefore, the Asia-Pacific holds the largest share of the global thermal adhesive tape market in 2021.
Apart from these, the increasing demand for commercial vehicles is also driving the growth of the thermal adhesive tape market. However, the rising prices of the adhesives can hinder the production output of the product. Thus, companies in the global thermal adhesive tape industry are constantly striving to improve the quality and durability of their products. Consequently, companies are also investing in research and development activities.
Moreover, the rising demand for electric vehicles is expected to fuel the growth of the global thermal adhesive tape market. In fact, a record number of electric cars will be sold in 2020. With the commitment to achieve net-zero emissions, the demand for electric vehicles in the major regions is expected to increase. Furthermore, the increasing sales of smartphones, smart TVs, and others will also contribute to the growth of the thermal adhesive tape market.
On the other hand, the rising demand for a variety of different types of adhesives can also hinder the growth of the global thermal adhesive tape industry. For instance, silicone adhesives are more expensive than rubber adhesives. Therefore, companies are constantly aiming to develop new, cost-efficient products that can enhance the performance of their thermal tape.
