Adhesive Tapes Market
REPORT DESCRIPTION
Adhesive Tapes Market( Products- Single Coated, Double Coated, Transfer Tape, and Foam Tape; Composition- Acrylic, Rubber, and Silicone; Backing Materials- Polypropylene, Paper, and Polyvinyl Chloride; End Users- Health Care, Building & Construction, Consumer Goods, Automotive, and Graphics)- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016- 2024
3M, tesa Tape, Inc., Nitto Denko Corporation, and LINTEC Corporation had enjoyed collectively leading share of close to 39 % of the total revenue generation in 2015, within a partly consolidated global adhesive tapes market. These players are expected to retain their high market shares over the coming years owing to efforts in improving global presence, greater efforts on consolidation, and a sizeable lead in research and development activities.
According to a research report released by Transparency Market Research, the global adhesive tapes market’ s competitive landscape is expected to remain relatively unrestricted in terms of competition available from substitutes. The market’ s growth is however, mildly stifled by the aversion of new entrants due to high entry barriers and the volatility of raw materials. The global adhesive tapes market is expected to expand at a CAGR of 6.8 % within a forecast period from 2016 to 2024, in terms of revenue. This revenue is expected to reach US $ 92.36 bn by the end of 2024, after being calculated at US $ 51.54 bn at the end of 2015. In terms of volume, the global adhesive tapes market is expected to climb at a CAGR of 5.9 % for the same forecast period.
Request For Sample Of Industrial Protective Clothing Fabrics: http:// www. transparencymarketresearch. com / sample / sample. php? flag = S & rep _ id = 10229
Automotive Boom Supplements Adhesive Tape Demand The automotive industry’ s advancement has so far worked excellently in the favor of the global adhesive tapes market. The current demand for adhesive tapes from the automotive industry is primarily being consolidated due to the high demand for the manufacture of lighter vehicles. The use
Transparency Market Research
2