Non-woven Tape Market Growth Factors, Opportunities, Size, Scope, Key Segments, Ongoing Trends and Key Players

 Breaking News
  • No posts were found

Non-woven Tape Market Growth Factors, Opportunities, Size, Scope, Key Segments, Ongoing Trends and Key Players

November 11
18:33 2022
Non-woven Tape Market Growth Factors, Opportunities, Size, Scope, Key Segments, Ongoing Trends and Key Players
Browse 75 market data Tables and 42 Figures spread through 133 Pages and in-depth TOC on “Non-woven Tape Market”
Non-woven Tape Market by Adhesive Type (Acrylic, Rubber, Silicone), Backing Material (Polyester, Paper), End-use industry (Medical & hygiene, Electrical & electronics, Automotive & transportation), and Region

The global non-woven tape market is estimated at USD 3.17 billion in 2018 and is projected to reach USD 4.55 billion by 2023, at a CAGR of 7.46% between 2018 and 2023. Non woven tapes have nonwoven fabrics as backing materials such as polyester and paper which are coated, either single-sided or double-sided, with an adhesive. Non woven tapes are the most versatile, easy to process, highly permeable, and highly absorbent. They offer comfort to the skin, and hence are used for several applications in the medical dressing, electrical & electronics, and automotive & transportation industries. The main adhesives used in non woven tapes are acrylic, rubber, and silicone, with acrylic type holding the major market share. The market is witnessing significant growth, with fast-growing demand from the APAC and South American regions, especially from China, India, and Brazil, owing to the rising demand for automobiles, increasing healthcare expenditure, and increasing production of electronic devices. 

Get PDF Brochure for Research Insights at https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=128147066 

Mergers & acquisitions and new product launches were the key growth strategies adopted by leading players in the non woven tape market between January 2016 and May 2018. Companies operating in the non woven tape market are focused on different organic and inorganic growth strategies to expand their presence and increase their market shares, globally. Leading manufacturers of non woven tapes include 3M Company (US), Nitto Denko Corporation (Japan), Tesa SE (Germany), LINTEC Corporation (Japan), PAUL HARTMANN (Germany), Avery Dennison Corporation (US), Nichiban Co., Ltd. (Japan), and Scapa Group Plc (UK). 

Avery Dennison, LINTEC, 3M, and Nitto Denko are the key players in the non woven tape market. These companies accounted for a major share of all developmental strategies that took place in between January 2016 and May 2018. Avery Dennison and Nitto Denko have adopted inorganic growth strategies to enhance their geographic reach in the non woven tape market. For instance, June 2017, Avery Dennison acquired Yongle Tape Company Ltd. (China), a manufacturer of specialty tapes and related products in a variety of industrial markets, from its management and private equity firm ShawKwei & Partners. Yongle Tape will operate under the industrial and healthcare materials business segment of the company. With this acquisition, the company will expand its product portfolio in adhesive tapes for automotive OEMs. Similarly, in July 2016, Nitto Denko merged three subsidiaries, namely, Nitoms Inc., Nitto Medical Corporation, and Nitto Lifted Corporation within the Nitto Group. With this merger, the company plans to reinforce a framework to offer new value to the market. 

Share Your Requirements & Get Customized Reports at https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=128147066 

3M is another key player that has established a strong foothold in this market. The company concentrates on expanding its customer base through new product launch. For instance, in August 2017, 3M launched 4,076 acrylic-based nonwoven adhesive tape. These tapes offer long-term wear on skin and enable engineers to solve tough medical device design challenges. 

LINTEC has adopted inorganic growth strategies to enhance its geographic reach in the nonwoven adhesives tapes market. For instance, in December 2016, LINTEC acquired MACtac (US) for USD 375 million due to its long-standing delivery record, strong brand power, excellent relations, and an impressive sales network with more than 1,000 quality customer companies in the North American market.

Get the Latest Version of the Report and be ahead of Your Competitors at https://www.marketsandmarkets.com/RequestNewVersion.asp?id=128147066 

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 Micro Quadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441

Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/non-woven-tape-market-128147066.html

Categories