Global Non-Woven Tape Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of 7.68% during forecast period.
The major driver of the global non-woven tape market is increasing usage of various end-use industries like automotive, transportation, and electrical fuels the market. Additionally, the rise in geriatric population drives the medical industry, which in turn is anticipated to fuel the non-woven tape market. However, the inferior properties of non-woven tape over specialty tapes and the poor quality and durability of paper tapes hamper the global non-woven tape market. Nevertheless, expansion of the healthcare industry in emerging economies is likely to create new opportunities for the global non-woven tape market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis
There are several opportunities in the market for large and small companies that specialize in niche markets to expand the supply of non-woven tape to different end-use industries. However, the medium-sized companies are likely to face tough competition in the future, as they would either be acquired by larger companies or forced to merge.
On the basis of end-use industry segment, the medical & hygiene segment is expected to grow at the highest CAGR during the forecast period because of an increase in the aging population, rising chronic diseases, and increasing personal & hygiene care globally.
Based on the backing material segment, the paper segment is estimated to grow at the highest CAGR during the forecast period. Paper is an environment-friendly and recyclable material. The properties of paper are enhanced through saturation, which is a process wherein paper is treated with latex to improve its chemical and physical properties so that it can be used as a backing substrate in adhesive tapes.
In terms of region, the Asia Pacific region is estimated to grow at the highest CAGR during the forecast period. The rising demand for global non-woven tapes market from medical & hygiene, electrical & electronics, and automotive & transportation from countries like India, China, South Korea, Malaysia, Vietnam, Taiwan, and Indonesia is projected to drive the growth of the global non-woven tape market in the region. China is expected to lead the demand for global non-woven tapes market in the Asia Pacific region.
The report offers a complete evaluation of the market. It does so via in-depth historical data, qualitative insights, and verifiable projections about market size. The estimates featured in the report have been derived using proven research methodologies and assumptions. The research report serves as a source of analysis and material for every facet of the market.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global non-woven tape market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the modest analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global non-woven tape market.
Scope of the Global Non-woven Tape Market
Global Non-woven Tape Market, By Adhesive Type
• Acrylic-Based Adhesive
• Rubber-Based Adhesive
• Silicone-Based Adhesive
Global Non-woven Tape Market, By Backing Material
• Polyester-Backed Non-Woven Tape
• Paper-Backed Non-Woven Tape
Global Non-woven Tape Market, By End-Use Industry
• Medical & Hygiene
• Automotive & Transportation
• Electrical & Electronics
Global Non-woven Tape Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
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