Global Non-Woven Adhesive Tape market will reach 1715 million US$ by the end of 2024

Publisher: QYResearch

Published Date: 2019/11/19

At present, in the foreign industrial developed countries the Non-Woven Adhesive Tape industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in Japan and USA. Meanwhile, foreign companies have more advanced equipment, strong R & D capability, the technical level is in a leading position.

The global Non-Woven Adhesive Tape market will reached a revenue of approximately 1377 M USD in 2018, and is expected to reach 1715 M USD in 2024, growing at a CAGR of 3.72% between 2018 to 2024.

The global largest market is US. The market will reached a revenue of approximately 342 M USD in 2018, and the revenue share is 24.83%.

There are major three classification (by adhesive type) of Non-Woven Adhesive Tape in this report, Acrylic, Rubber and Silicone. Globally, the sales market share of each type of Non-Woven Adhesive Tape is 67.12%, 29.90%, and 2.98% in 2018.

Due to the government’ positive policy in urban heating industry in China, there is a massive growth of Non-Woven Adhesive Tapes production during 2014 to 2018. Currently there are more and more manufacturers want to take a position of the domestic market. Compare to the early years, Chinese consumers now import less and less foreign products.

Although sales of Non-Woven Adhesive Tape brought a lot of opportunities, for the new entrants with only advantage in capital without sufficient support in technology and downstream channels, the research group did not recommend taking risk to enter this market.

Click to view the full report: https://www.qyresearch.com/index/detail/662654/global-non-woven-adhesive-tape-industry

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