Research and Analysis on the Market Size and Future Development Trend of China's Double-Sided PE Foam Tape Industry
2024-09-19
The market size of China's double-sided PE foam tape industry has maintained steady growth in recent years. In recent years, the market size of the double-sided PE foam tape industry has been showing a good development trend. From 2018 to 2019, its market size increased from 30.98 billion yuan to 34.18 billion yuan, an increase of 10.3%, and from 2020 to 2021, the market size increased from 34.18 billion yuan to 38.99 billion yuan, an increase of 14%. It is expected that the market size of the double-sided PE foam tape industry will continue to maintain a growth trend in 2024, reaching 44.53 billion yuan.
At present, GMARK tape manufacturers are developing rapidly and have a considerable scale. So are there any problems and shortcomings in the development? At present, the main development bottleneck encountered by Chinese tape manufacturers is the serious homogeneity of products. The competition among peers adopts low-quality and low-price competition, disrupting the market and creating a vicious circle.
The market size of the double-sided PE foam tape industry has grown mainly due to the continuous expansion of its application areas. With the development of the economy, the demand for electronic products, household appliances, automotive electronics, furniture, hardware and other industries has continued to increase, and the application of double-sided PE foam tape has become more and more extensive, thus promoting the development of its market size.
Consumers are increasingly demanding product quality, and the development of the double-sided PE foam tape industry has also been greatly promoted. Major companies have developed higher-quality products, such as anti-aging, high temperature resistance, oil resistance, environmental protection, etc., to meet consumers' requirements for product quality, and at the same time increase the market size.
With the development of social economy and the improvement of consumption levels, consumers will have higher requirements for product quality. GMARK Tape Factory will also pay more attention to product quality and strive to produce better quality products.
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