Non-Woven Tape Market Estimated huge growth
at a CAGR of 7.46% by 2023
The Non-Woven Tape Market was valued at USD 2.96 billion in 2017 and is projected to
reach USD 4.55 billion by 2023, at a CAGR of 7.46% during the forecast period. In this
study, 2017 has been considered as the base year, and the forecast period is 2018-2023.
The report aims at estimating the size and growth potential of the non-woven tape market
across different segments, such as adhesive type, backing material, end-use industry, and
region. Factors such as drivers, restraints, opportunities, and industry-specific challenges
influencing the growth of the non-woven tape market have also been studied in this report.
The report analyzes opportunities in the non-woven tape market for stakeholders and
presents a competitive landscape of the market.
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The non-woven tape market has been segmented on the basis of adhesive type, backing
material, end-use industry, and region. Based on adhesive type, the non-woven tape market
has been classified into acrylic, rubber, and silicone. The silicone-based non-woven tape
segment is expected to grow at the highest CAGR in terms of value. Silicone adhesive
maintain adhesion over a large temperature range and possess the ability to adhere to
difficult surfaces. The overall adhesive strength of silicone-based non-woven tape is lower
than that of other non-woven tapes. However, silicone-based non-woven tapes are more
expensive as compared to acrylic and rubber-based adhesive tapes.
Key players operating in the non-woven tape market include 3M Company (US), Nitto
Denko Corporation (Japan), Avery Dennison Corporation (US), LINTEC Corporation
(Japan), Tesa SE (Germany), Scapa Group Plc (UK), PAUL HARTMANN AG (Germany),
Nichiban Co., Ltd. (Japan), Teraoka Seisakusho Co., Ltd. (Japan), Intertape Polymer Group,
Inc. (Canada), and Berry Global Group, Inc. (US).
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