The 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.
Request for sample PDF: https://www.marketsandmarkets.com/pdfdownload.asp?id=128147066
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.
Early buyers will receive 10%
customization on this report.
Browse 75 market data
Tables and 42 Figures spread through 133 Pages and in-depth TOC on
"Non-woven Tape Market”
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.
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).
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.
Speak to
Our Analyst and gain crucial industry insights that will help your business
grow.
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=128147066
https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=128147066
About
MarketsandMarkets
MarketsandMarkets
is the largest market research firm worldwide in terms of annually published
premium market research reports. Serving 1700 global fortune enterprises with
more than 1200 premium studies in a year, M&M is catering to a multitude of
clients across 8 different industrial verticals. We specialize in consulting
assignments and business research across high growth markets, cutting edge
technologies and newer applications.
Contact:
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Mr. Shelly Singh
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
Comments
Post a Comment