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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Based on backing material, the non woven tape market has been segmented into polyester, paper, and others. The paper segment is expected to grow at the highest CAGR during the forecast period. Paper is an environment-friendly and recyclable material. The properties of paper are enhanced through saturation, which is a process wherein paper is treated with latex to improve its chemical and physical properties so that it can be used as a backing substrate in adhesive tapes.

Based on end-use industry, the non woven tape market has been segmented into medical & hygiene, electrical & electronics, automotive & transportation, and others. The medical & hygiene segment is expected to grow at the highest CAGR in terms of volume during the forecast period due to increase in aging population; rising chronic diseases; and increasing personal & hygiene care globally.

The non woven tape market in the Asia Pacific region is expected to grow at the highest CAGR during the forecast period. The rising demand for non woven tapes from medical & hygiene, electrical & electronics, and automotive & transportation from countries such as India, China, South Korea, Malaysia, Vietnam, Taiwan, and Indonesia is projected to drive the growth of the non woven tape market in the region. China is expected to lead the demand for non woven tapes in the Asia Pacific region.

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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