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Automotive Steering System Market: Growth Analysis and Forecast (2021-2027) | UnivDatos
According to UnivDatos’ research report “Automotive Steering System Market”, the market is expected to witness a CAGR growth of around 5.0% during the forecast period 2021-2027F. Automotive Steering System Market is experiencing significant growth due to Increasing production and sale of vehicles owing to rising disposable income, Growing adoption of vehicle equipped with power steering, Stringent fuel efficiency norms to drive demand for electrically assisted steering systems and Rising consumer purchasing power and increased spending on luxury cars.
Autonomous driving (AD), connected cars, electrification of powertrain, and shared mobility (ACES) are the major trends that are mutually reinforcing developments in the automotive industry. These trends combined, are not only disrupting the automotive value chain, and impacting all stakeholders but are also major driver for the automotive industry. Increasing demand of vehicles owing to the overall increase in disposable income of consumers is the major factor driving the demand for steering system.
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China was the largest motor vehicle producer in 2020, the country produced more than 25.2 million passenger cars and commercial vehicles in the year. United states followed China to become the second largest producer of motor vehicles producing 8.8 million passenger cars and commercial vehicles in 2020. United States produced more commercial vehicles than passenger vehicles. Demand for steering system from China reached 28.12 million sets in 2016, including 24.42 million sets of steering system for passenger cars, the number is expected to reach 38 05 million sets by 2021.
However, Emergence of Fully Autonomous Cars, Low penetration of Power steering system in low end vehicles and High cost associated with power steering system are expected to be the major factors restraining the market growth. To add on, Growing per capita income in China and India, paired with road network development increase would provide growth opportunity for automotive sales in the Asia-Pacific region paired with Significant demand for lightweight and fuel-efficient vehicles in the European region would provide ample growth opportunity for the players operating in the steering system market to cater to the untapped market.
Based on Component, the Automotive Steering System Market is segmented into Hydraulic Pump, Steering Column, Steering Wheel Speed Sensor, Electric Motor. Major automotive manufacturers globally are leveraging autonomous driving systems to provide a seamless experience to automobile users.
Based on Technology, Electric Power Steering (EPS), Electro-Hydraulic Power Steering (EHPS), Hydraulic power steering (HPS), Manual Steering. In 2020, Electric Power Steering (EPS) dominated the market and is expected to witness significant growth during the forecast period. As per the US Department of Energy (DOE), in the ideal conditions, Electric Power Steering (EPS) increases fuel efficiency by 2-4%, reduce fuel consumption up to 6%, and decrease CO2 emissions by 8g/km. In addition, as per Nexteer estimation EPS systems have helped save almost 3 billion gallons of gas since 1999.
Based on Vehicle Type, the market is segmented into Passenger Vehicle, Light commercial vehicle, Heavy commercial vehicle. Owing to high production volume the Passenger Vehicle segment dominate the market and is expected to maintain its dominance throughout the forecast period. Asia/Oceania/Middle East dominated the sales of all vehicles with 51.4% share in 2020, compared to 48.1% in 2019.
Based on Sales Channel, the market is segmented into Supplies to OEM, Aftermarket. Automotive Steering System is majorly supplied to the OEMs. European, Japanese, American, Korean, and Chinese car manufacturers dominated the global dominate the automobile industry. In 2020, Toyota managed to produce about 10.5 million vehicles to become the second most valuable car manufacturing company behind Tesla.
Asia-Pacific dominates the market
Based on regions, the report provides detailed analysis for overall demand of Automotive Steering System for major regions including North America (US, Canada, Rest of North America); Europe (Germany, UK, France, Italy, Rest of Europe); Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific); and Rest of World. In China, the New Energy Automobile Industry Plan (2021-2035) targets 20% of vehicle sales to be ZEVs by 2025. In addition, the China Society of Automotive Engineers set a goal of over 50% EV sales by 2035. Hence, increased adoption of electric vehicle would propel the overall demand for Electronic power steering market in China.
According to UnivDatos, the key players with a considerable market share in the Automotive Steering System Market are Robert Bosch, Nexteer Automotive Group Limited, JTEKT Corporation, DENSO Corporation, NSK Steering Systems Co., Ltd., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Cikautxo India Pvt. Ltd., Mitsubishi Electric Automotive America, Inc., Mando Corporation etc. These companies are investing heavily on Automotive Steering System to increase their customer base.
§ In August 2021: Nexteer Automotive expands the output capabilities of its pinion electric power steering (EPS) systems to meet the needs of heavier electric vehicles (EVs). Company’s new high-output options for DPEPS and SPEPS systems increase the steering capability by 12 to 20%, up to 14.5 kilonewtons (kN) for DPEPS and up to 12.5kN for SPEPS
§ In June 2021: Indian Auto component maker ANAND Group entered partnership with South Korea's Mando Corporation to cater to the growing electric vehicles segment in India. The new entity “ANAND Mando eMobility Pvt Ltd” would manufacture and market electric vehicle (EV) components for the two and three-wheelers
§ In September 2020: Schaeffler entered partnership with Robert Bosch Automotive Steering GmbH to expand its intelligent Rear Wheel Steering (iRWS) portfolio. Under the partnership, Schaeffler is providing mechatronic iRWS systems, and Bosch Automotive Steering is contributing software and electronics in the form of steering control units
§ In August 2019: Nexteer Automotive through “Dongfeng Nexteer Steering Systems (Wuhan) Co., Ltd.”, signed a joint venture agreement with Dongfeng Motor Parts and Components Group Co., Ltd. (Dongfeng Components), to start mass production of Single Pinion Assist Electric Power Steering (SPEPS) systems. This new JV is expected to increase Nexteer’s manufacturing footprint to 28 locations globally
Click here to view the Report Description & TOC: https://univdatos.com/reports/automotive-steering-system-market
“Automotive Steering System Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Component (Hydraulic Pump, Steering Column, Steering Wheel Speed Sensor, Electric Motor)
2. By Technology (Electric Power Steering (EPS), Electro-Hydraulic Power Steering (EHPS), Hydraulic power steering (HPS), Manual Steering)
3. By Vehicle Type (Passenger Vehicle, Light commercial vehicle, Heavy commercial vehicle)
4. By Sales Channel (Supplies to OEM, Aftermarket)
5. By Region (North America, Europe, Asia-Pacific, Rest of World)
6. By Company (Robert Bosch, Nexteer Automotive Group Limited, JTEKT Corporation, DENSO Corporation, NSK Steering Systems Co., Ltd., ZF Friedrichshafen AG, Hyundai Mobis Co., Ltd., Cikautxo India Pvt. Ltd., Mitsubishi Electric Automotive America, Inc., Mando Corporation)
Key questions answered in the study:
1. What are the current and future trends of the Automotive Steering System industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Automotive Steering System industry?
5. What is the customer orientation, purchase behavior, and expectations from the Automotive Steering System suppliers across various countries?
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Ready-to-Drink Cocktails Market Size and Forecast Report (2024-2032) | UnivDatos

The U.S. beverage market demonstrates RTD cocktail products as its primary success story in this industry. RTD beverages have reshaped popularity as consumers see them as simple to use along with superior quality and lots of diverse flavor choices. RTDs first appeared in the market many years ago but their popularity started to soar after manufacturers adopted premium components alongside novel beverage designs.
The Rise of Premium RTDs
Ready-to-Drink Cocktails Market experienced growth because of various underlying causes. Alcoholic beverage consumers prioritize convenience coupled with premium quality alongside wellness-related options in their beverage choices. The RTD category delivers the perfect solution to consumer demands through its portable premium-quality cocktail packages suitable for both home and mobile use.
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Convenience and Quality
The RTD market experienced rapid growth during the COVID-19 pandemic because people needed substitute options for the traditional bar environment. RTD cocktail sales continue to maintain their high levels of popularity even though lockdown restrictions have ended. The public has learned that premium beverages from bars exist now alongside convenient serving formats.
Pernod Ricard declares convenience as the primary factor that drives success in the Ready-to-Drink market. Single-serve RTD cocktail production remains the sole business priority for the company which allows consumers to enjoy maximum portability alongside easy consumption.
Ingredients and Innovation
RTD's success traces back to businesses concentrating on using premium ingredients combined with premium flavors. Many brands leave artificial seasonings behind and choose real spirits together with natural juices and original taste creation while eliminating substandard distillates. The concentration on premium quality standards has eliminated widespread misconceptions about pre-mixed drinks compared to ones made individually.
Tip Top Proper Cocktails underlines the significance of cocktail education to its customers. People today desire more than basic speedy alcoholic experiences masked with artificial juices and sugar. Consumers seek cocktails that express clear flavors as they desire food-quality beverage options for their refined taste. Social Hour maintains cocktail quality standards by employing high-quality whiskey that prevents whiskey flavor dilution.
Packaging and Formats
Packaging selections have proven essential for RTD cocktails to achieve their commercial success. RTD alcohol manufacturers adopted individual-sized cans because they attach both mobility and safety features that appeal to the solitary drinking experience. The beverage market is moving past single-serve cans because producers now explore alternative formats including pouches and bottles as well as ice pops plastic balls and bag-in-box packaging.
Several packaging options within the RTD market make the classification available for a broad range of drinkers. RTD cocktails cover all customer segments because they range from family-size pre-mixed margaritas for value shoppers to premium canned offerings attracted by craft cocktail fans.
Click here to view the Report Description & TOC: https://univdatos.com/reports/ready-to-drink-cocktails-market
On-Premises Opportunities
Most RTD cocktail sales start from off-premises channels yet this market steadily expands into the on-premises sector. RTD cocktail offerings have become vital components in restaurants and bars because they help with employee shortages and provide standardized quality as well as streamlined service delivery.
Conclusion
The U.S. Ready-to-Drink cocktail market has experienced powerful changes because consumers seek quick and tasty beverages with premium attributes. Premier ingredients combined with distinctive packaging solutions and purposeful business alliances enabled RTD beverage labels to succeed in dual distribution through off-premises and on-premises channels. The category shows promising signs of progression which will maintain its active and important position within the U.S. beverage market.
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Luxury Goods Resale Market Forecast And Analysis (2024-2032) | UnivDatos

According to the UnivDatos, the increasing sustainability consciousness among consumers, affordability of the product, and increasing desire for unique items will drive the global scenario of the luxury goods resale market. As per their “Luxury Goods Resale Market” report, the global market was valued at ~USD 34 billion in 2023, growing at a CAGR of about 9% during the forecast period from 2024 - 2032 to reach USD billion by 2032.
The luxury second-hand goods market is growing due to changes in consumer behavior towards sustainability, value, and authenticity. This has been driven by mergers & acquisitions (M&As) within the sector, where the various dynamics have been taken to the next level. Key drivers such as mergers and acquisitions have played a pivotal role in the growth of the luxury goods resale market because, through them, firms have been able to extend their portfolio services and product lines and integrate advanced technology. Due to the changing consumer preference for sustainable and value-oriented luxuries, M&A shall continue to be a prominent strategy used by firms keen to control the luxury resale marketplace.
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Here’s a detailed overview of how M&A activities are shaping this market:
· Sustainability Concerns: Customers, especially the millennials, are now being conscious of sustainable purchasing. This type of market helps in the circular economy as the longevity of luxury items is enhanced before it gets to the next owner.
· Value Proposition: Luxury resale provides consumers some of the same apparels and accessories as the expensive apparels and accessories that some fancy brands provide at much a lower price tag than before thus causing luxury to be more attainable.
· Uniqueness and Vintage Appeal: New and current collection items have different appeals to consumers because there are many individuals who prefer resale market products since the products are uncommon and some of them cannot be found in current collections.
· Digital Transformation: As the products are sold through online stores, which are available in modern societies, marked improvements in technological advancement have improved market accessibility and market efficiency.
· Enhanced Technology: Buying tech-savvy companies benefits established luxury brands that are not as technologically inclined to mesh new technology into core business ventures, enhance customer experiences by offering more secure and efficient forms of identification, employing artificial intelligence to recommend products, or enabling more efficient online transactions.
· Logistics and Operations: Acquisitions can more prominently organize and coordinate the supply chain and sales channels and systems to connect to the authentication, inventory, and global shipping systems of acquiring companies.
· Strengthened Brand Portfolio: A firm is able to consolidate its position in the market by making an acquisition of brands that will fit in a portfolio they offer services or products to their consumers.
· Increased Market Share: Strategic acquisitions help companies quickly gain market share, outperform competitors, and establish a dominant presence in the luxury resale market.
· New Customer Segments: M&A activities often result in the integration of diverse customer bases, enabling companies to tap into new demographics and enhance their market penetration.
Recent developments in the market are:
· In April 2024, CAROUSELL acquired luxury bag reseller LuxLexicon in a bid to expand its presence in the luxury segment.
· In December 2023, Coupang Inc., South Korea’s leading e-commerce platform, acquired Farfetch Holdings, a London-based online retailer for luxury goods, in a USD 500 million deal aimed at bolstering its clothing business, considered its weak spot.
· In November 2023, U.S.-based Fashionphile, the leading resale e-commerce platform in pre-owned, ultra-luxury accessories, acquired the inventory, intellectual property assets, including domains, and other intangible assets of LXR Luxury Products International Inc., Groupe Global LXR Inc., and LXR Canada Inc. which are the operating subsidiaries of LXRandCO, Inc., the Montreal-based omnichannel retailer of authenticated, pre-owned luxury accessories. Earlier this month, the Subject Companies filed a notice of intention to propose the Bankruptcy and Insolvency Act (Canada).
· In August 2023, London-based luxury resale platform Sign of the Times acquired certain assets of Cudoni, which collapsed into administration.
· In March 2022, Vestiaire Collective SA, the leading global online marketplace for desirable pre-loved fashion, acquired Tradesy, Inc., the US pioneer in the fashion resale industry.
· In December 2021, Luxury fashion firm Farfetch acquired resale specialist Luxclusif to become the “global platform for pre-owned luxury for consumers and industry partners.”
With dignified applications, these approaches will hopefully burgeon the global luxury goods resale market in the upcoming years. However, the journey towards universal adoption of new approaches comes with challenges. Primary concerns include the safety implications associated with the consumer goods sector, which limit their accessibility. The consumer goods industry's evolution through innovative products undeniably transforms how we approach the market. The current trajectory is anticipated to continue to elevate, bringing hope to people worldwide.
Click here to view the Report Description & TOC: https://univdatos.com/reports/luxury-goods-resale-market
Conclusion
Despite the hurdles, the future of luxury goods resales is undeniably bright. A new dawn is breaking in the development of the innovative consumer goods industry. There's no denying that these products are transforming the way of operating the industry, bringing enormous varieties to the population worldwide.
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Game Based Learning Market: Size, Trends and Forecast (2022-2028) | UnivDatos
According to UnivDatos’ research report “Game Based Learning Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to constantly increasing disposable income coupled with the growing trend of gaming around the world.
Game-based learning incorporates the characteristics and principles of games into learning activities. Here, learning activities promote student engagement and motivation to learn. Components of game-based learning include points systems, badges, leaderboards, discussion boards, quizzes and classroom response systems. Playing the game encourages critical thinking and problem-solving abilities while providing learning opportunities to students.
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The game-based learning market is expected to witness a CAGR of around 21% during the forecast period owing to the growing trend of gaming coupled with the technological advancements in the game development industry. The growing prevalence of gaming across the globe and increasing adoption of cloud-based learning models in both developed and developing countries are boosting the market growth. For instance, according to exploding topics, there are approximately 3.09 billion active video gamers worldwide. Additionally, companies are moving to cloud-based models to take advantage of new technologies such as microlearning, augmented learning, and virtual reality. Additionally, cloud-based technology is gaining momentum in the education sector due to its low-cost and flexible teaching methods for students.
Based on component, the market is segmented into solutions and services. The solutions segment is expected to achieve a higher market share during the forecast period. The increasing implementation of modern and interactive teaching approaches for maintaining quality education is expected to drive the market during the forecast period. Furthermore, the introduction of tablets and smartphones for e-learning in schools and colleges around the world is expected to drive the market during the forecast period.
Based on deployment, the market is bifurcated into on-premises and cloud. The cloud segment is expected to grow with a significant CAGR during the forecast period. The growth of the cloud segment is mainly governed by factors, such as easy deployment, flexibility, and cost-effective pricing structure. Furthermore, the cloud enables project managers to synchronize and connect with multiple teams to get real-time information across the project sites. It has become the most preferred way to deploy learning games and is predicted to maintain its growth over the forecast period.
North America to witness extensive growth
For a better understanding of the market adoption of the game based learning industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is expected to lead the game-based learning market in 2021 and is expected to retain its domination throughout the forecast period. The rapid adoption of game-based learning solutions in the region is attributed to the growing integration of superior technology such as AI, AR/VR, and cloud technology. Furthermore, the presence of developed economies in the region such as The United States and Canada have advanced connectivity, which gives their citizens access to uninterrupted network connectivity which helps them to get seamless gaming experience is also expected to influence the market growth during the forecast period. In addition, the robust growth of the ICT sector in the region coupled with the presence of key players such as Schell games, Cognitive ToyBox Inc, is expected to elevate the market during the forecast period.
Click here to view the Report Description & TOC: https://univdatos.com/reports/game-based-learning-market
According to UnivDatos, the key players with a considerable market share in the Game Based Learning market are Kahoot, Frontier Developments plc, Mojang, BreakAway Games, Schell Games, Monkimun Inc, Smart Lumies Ltd, Cognitive ToyBox Inc, Paratus Knowledge Ventures Pvt Ltd, and Indusgeeks Solutions Pvt Ltd.
“Global Game Based Learning Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Component (Solutions and Services)
2. By Deployment (On-Premises and Cloud)
3. By End-User (Education, Consumer, Enterprises, and Governments.)
4. By Region (North America, Europe, Asia-Pacific, Rest of the World)
5. By Company (Kahoot, Frontier Developments plc, Mojang, BreakAway Games, Schell Games, Monkimun Inc, Smart Lumies Ltd, Cognitive ToyBox Inc, , Paratus Knowledge Ventures Pvt Ltd, and Indusgeeks Solutions Pvt Ltd.)
Key questions answered in the study:
1. What are the current and future trends of the global Game Based Learning industry?
2. How the industry has been evolving in terms of component, deployment and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global game based learning industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Game Based Learning suppliers across various region and countries?
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Contact Number - +1 978 733 0253
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Global Specialty Tapes Market Size and Forecast (2024-2032) | UnivDatos

According to UnivDatos research report “Global Specialty Tapes Market”, the market is expected to showcase a growth of around 6% during the forecast period. The growing demand for high-performance adhesive for sealing and waterproofing applications in the increasing construction activities and utilization in the automotive and healthcare industries for its bonding and fastening properties are driving the market for specialty tapes.
The performance of the global specialty tapes market depends on the performance of several industries such as chemicals, packaging, healthcare, electronics, and construction. Specialty tapes are utilized in construction and industrial applications owing to their high-tensile strength. These tapes are also used in the automotive and healthcare industries owing to their bonding and fastening properties. Further, these tapes are resistant to various factors such as water, fire, and dust, among others, and are much stronger to hold heavy-weight objects and protect them from any type of damage. Various types of adhesives are used in the manufacturing of specialty tapes to offer additional characteristics. For instance, acrylic and rubber-based adhesives are utilized to produce the soundproof tape. Moreover, the growing healthcare industry coupled with the increasing use of specialty tapes due to its wide utilization in surgical containers, monitoring electrodes and other medical devices, covering wounds, fixing cover shields while surgeries are performed, cleaning in antiseptic rooms as well as for manufacturing of disposable infant and adult diapers is maintaining its strong demand. Additionally, the robust growth of the food & beverages sector due to fast urbanization, adoption of modern lifestyles, and growing need for hygienic & packed food would drive the specialty tapes market.
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Based on resin type, the market is categorized as acrylic, rubber, silicone, and others. Among these, acrylic held a considerable share in the specialty tapes market due to its favorable physical and chemical qualities, low cost, and applicability in a variety of end-use industries such as packaging, transportation, and healthcare. Further, they are more resistant to other solvents, chemicals, and water. Acrylic-based adhesive tapes are appropriate for both solvent and water-based technologies. Among all the resins used in the adhesive tapes sector, water-based acrylic adhesives are the least expensive.
Based on end-user, the market is categorized into electrical & electronics, healthcare, automotive, paper & printing, building & construction, and others. Among these, healthcare held a prominent share in the global specialty tapes market. The specialty tapes market is rising in healthcare due to the aging population, increased chronic illness incidence, and the high demand for in vitro diagnostics, hydrophilic films, transdermal patches, and oral dissolvable films. Also, the development of products such as disposable infant diapers, feminine hygiene products, and adult incontinence products all use specialty tapes.
Asia-Pacific accounted for a prominent share of the specialty tapes market
Asia-Pacific held a prominent share in the specialty tapes market owing to growing industries such as electric & electronics, healthcare, packaging, building and construction, and others. Also, the market growth can be attributed to the expanding automotive industry, in electric vehicles (Evs), specialty tapes are used for covering the gaps and for bonding purposes in the battery. Other prominent applications of such tapes in Evs are motor assembly, insulation, and wire harnessing. Moreover, increasing disposable income and rapid economic growth in the region are increasing the better-quality products, and improving the lifestyle is also fueling the market for specialty tapes.
According to UnivDatos, the key players with a considerable market share in the global specialty tapes market include Nitto Denko Corporation, LINTEC Corp., Avery Dennison Corporation, ADDEV Walco Inc., Saint-Gobain Performance Plastics, Scapa Group plc, Valmont Industries Inc., Nichiban Co. Ltd., Lohmann GmbH & Co.KG, and Ashland Global Holdings Inc. These companies are taking several strategic decisions to meet the growing demand and increase their market share.
“Global Specialty Tapes Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Click here to view the Report Description & TOC: https://univdatos.com/reports/specialty-tapes-market
Market Segmentation:
1. By Resin Type (Acrylic, Rubber, Silicone, and Others)
2. By Backing Material (Polyvinyl Chloride, Woven/Non-Woven, Paper, Foam, Polypropylene, and Others)
3. By End-User (Electrical & Electronics, Healthcare, Automotive, Paper & Printing, Building & Construction, and Others)
4. By Region (North America (United States, Canada, and the Rest of North America), Europe (Germany, France, United Kingdom, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of the World)
5. By Company (Nitto Denko Corporation, LINTEC Corp., Avery Dennison Corporation, ADDEV Walco Inc., Saint-Gobain Performance Plastics, Scapa Group plc, Valmont Industries Inc., Nichiban Co. Ltd., Lohmann GmbH & Co.KG, and Ashland Global Holdings Inc.)
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