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Non-woven Tape Market by Adhesive Type, Backing Material, End-use industry And Region - Global Forecast to 2023

Non-woven Tape Market: Global Forecast until 2023

  • July 2018
  • 134 pages
  • ID: 5474767
In this report:
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Summary

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The non woven tape market is estimated to rise at a compound annual growth rate of ~7.5 percent between 2018 and 2023, in terms of value significance.

The non woven tape market is forecasted to grow from ~$3.2B in 2018 to ~$4.6B by 2023, at a compound annual growth rate (CAGR) of ~7.5 percent between 2018 and 2023. The increasing demand for non woven tapes across different end-use sectors, including medical & hygiene, electrical & electronics, and automotive & transportation, is predicted to push the rise of the non woven tape market. There are different opportunities in the industry for important and small firms that specialize in niche industries to extend the supply of non woven tape to various end-use markets. Nevertheless, the medium-sized firms are likely to face tough competition in the outlook, as they would either be acquired by larger firms or forced to merge.

Established on end-use sector, the medical & hygiene segment is anticipated to lead the non woven tape market during the estimate period.

The medical & hygiene segment accounts for the biggest market share in the non woven tape market and is anticipated to remain the biggest market segment between 2018 and 2023, due to the growth in total capital spending on the healthcare. The increase aging population and advancements in medical procedures will continue to drive the industry demand for medical non woven tapes for wound care, splints, surgeries, personal care, hygiene care, and other healthcare applications.

The Asia Pacific area is forecast to lead the non woven tape market during the outlook period.

The Asia Pacific area is projected to dominate the non woven tape market from 2018 to 2023, in terms of value importance.Asia-Pac has been a high-potential non woven tape market against the backdrop of an global slowdown in the overall economic development.

This area encompasses a diverse range of economies with distinct levels of economic development and a big variety of sectors.China (CN) is forecasted to dominate the non woven tape market in the Asia Pacific area.

Elements such as growing automotive production, availability of cheap labor and raw materials, low taxes, and less stringent environmental regulations are driving the increase of the non woven tape market in China (CN).

Breakup of Primary Interviews:

• By Company category: Tier 1 - 30.0 percent, Tier 2 - 42.0 percent, and Tier 3 - 28.0 percent

• By Description: C-suite executives - 32.0 percent, Directors - 38.0 percent, and Others - 30.0 percent

• By Area: Asia Pacific (APAC) - 55.0 percent, North America (NA) - 17.0 percent, EU - 15.0 percent, and rest of the world - 13.0 percent

3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, and Scapa Group Plc are the top actors operating in the non woven tape market.

Segment Research

This industry report offers in-depth segmentation of the non woven tape market based on adhesive type, backing material, end-user market, and area.Established on adhesive type, the sector has been broken down into acrylic, rubber, and silicone.

Established on backing material, the industry has been split into polyester, paper, and others.Established on end-use sector, the sector has been divided into medical & hygiene, electrical & electronics, automotive & transportation, and others.

Established on area, the industry has been broken down into Asia Pacific, Europe (EU), North America continent, South America region, and the Middle East (ME) & African continent.

Reasons to Buy the Report

From an insight prospect, this market research has emphasized several levels of analyses - industry, top players in the non woven tape market, and company descriptions. These insights together comprise and discuss basic views on the competitive landscape, coming out and high-growth segments of the non woven tape market, high-growth areas, and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on non woven tape provided by key players in the non woven tape market

• Product Development/Modernizations: In-depth understanding on up-on-coming technologies, analysis & growth activities, and recent product launches in the non woven tape market

• Market Development: Highlighted information about profitable emerging sectors - the market research examines the sector for non woven tape across several areas

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the non woven tape market

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the non woven tape market

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