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 .
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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
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