According to the statistics and forecast of QYR (Hengzhou Bozhi), the global PVC tape market sales will reach USD 100 million in 2021, and it is expected to reach USD 100 million in 2028, with a compound annual growth rate (CAGR) of % (2022-2028). From a regional perspective, the Chinese market has changed rapidly in the past few years. In 2021, the market size will be US$ million, accounting for about % of the global market. It is expected to reach US$ million in 2028, when the global share will reach %.
In terms of consumption, the region is currently the world's largest consumer market, with a market share of % in 2021, followed by and , with % and % respectively. The region is expected to grow the fastest in the next few years, with a CAGR of approximately % during 2022-2028.
In terms of production, and are the two largest production regions, occupying % and % of the market share in 2021, respectively. It is expected that in the next few years, the region will maintain the fastest growth rate, and its share is expected to reach % in 2028.
In terms of product type, scotch tape occupies an important position, and the share is expected to reach 5% in 2028. At the same time, in terms of application, the share of automobiles in 2021 is about %, and the CAGR in the next few years is about.
From the perspective of manufacturers, globally, the core manufacturers of PVC tapes mainly include 3M, Nitto, Tesa (Beiersdorf AG), Lintec and Intertape Polymer Group. In 2021, the world's first-tier manufacturers mainly include 3M, Nitto, Tesa (Beiersdorf AG) and Lintec, with the first-tier players occupying about % market share; the second-tier manufacturers include Intertape Polymer Group, Shurtape Technologies, Avery Dennison (Yongle) and Achem (YC Group), etc., have a total share of %.