The Non Woven Tape Market is projected to grow from USD 3.17 billion in 2018 to USD 4.55 billion by 2023, at a CAGR of 7.46% during the forecast period. The non woven tape market has been segmented on the basis of adhesive type, backing material, end-use industry, and region.
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Browse 75 market data Tables and 42 Figures spread through 133 Pages and in-depth TOC on “Non-woven Tape Market”
Based on adhesive type, the silicone segment of the non woven tape market is expected to grow at the highest CAGR during the forecast period. The performance of silicone-based non woven tapes is excellent on low surface energy substrates. Silicone-based non woven tapes can maintain adhesion over a larger temperature range and possess the ability to adhere to difficult surfaces. They possess excellent temperature, chemical & environmental stability, and flexibility (which makes them suitable for masking applications). These tapes are also used for the sensitive skin of infants or elderly patients in the medical industry.
Based on backing material, the paper segment of the non woven tape market is expected to grow at the highest CAGR during the forecast period. Paper-backed non woven tapes are easy to remove, conform well to the surface, and have good resistance to temperature. These are widely used for applications such as dressing and fixation of tubes in the medical & hygiene end-use industry.
Based on end-use industry, the medical & hygiene segment of the non woven tape market is expected to grow at the highest CAGR from 2018 to 2023. The demand for non woven tapes has increased owing to various advantages, such as ease of use and removal, reduced risk of infection, and easy availability. Recent advancements in the medical technology are propelling the non woven tapes market growth and creating opportunities for the manufacturers to develop new products for emerging applications.
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The non woven tape market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period, in terms of both value and volume. APAC has been the most favorable destination for manufacturers of automotive and electronics goods. There has also been an increasing healthcare expenditure in this region. The gradual shift of manufacturing facilities to countries having high demand and lower production cost is positively influencing the growth in the demand for non woven tapes. China has the largest demand for non woven tapes in the Asia Pacific region. The non woven tape market in the Middle East & Africa and South America is witnessing high growth, owing to the increasing use of non woven tapes in various end-use industries, such as medical & hygiene, automotive & transportation, and electrical & electronics.
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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