Air Sea Logistics & Automotive Transportation News

The global automotive adhesive tape market is anticipated to be valued at USD 11.91 billion by 2024 according to new research report

Automotive and Transportation Market Research

Automotive adhesive tape is a thin strip of adhesive coated on plastic and is used to assemble, coat or stick parts together. These tapes do serve the purpose of lamination of bolts and welds in the automobile industry. Rapid growth of automobile industry is garnering the growth of automotive adhesive tape market. It cannot be ignored that automotive adhesive tapes are cheaper than conventional mechanical fasteners which have further foster the growth. Apart from this, demand of lightweight vehicles has led to the replacement of mechanical fasteners with adhesive tapes.

Based on application, it is fragmented as interior application and exterior application. Interior application part covers cable harness and part assembling.

On the other hand, exterior usage covers labeling and fixing parts. Interior application tapes accounts for the largest market share of automotive adhesive tapes market.

Further, these tapes are backed by various materials such as PVC and clothes to increase their strength and tear and wear resistance.

On 26 April 2017, Strouse manufacturer announces their expansion in Westminster, U.K.

Market Size and Forecast

Global Automotive Adhesive tape Market is expected to reach USD 11.91 billion by 2024 from USD 7.2 billion in 2016. Further, automotive adhesive tape market is anticipated t0 witness a CAGR (compound annual growth rate) of 5.27 % over the forecast period 2017-2024.

image

Asia-Pacific held the largest percentage market share in 2016 and is anticipated to continue its dominance over the forecast period. Further, Asia-Pacific automotive adhesive tape market is expected to grow at a CAGR of 5.79 % owing to the rise in demand and manufacture of automobiles.

Countries such as China, Japan, India and South Korea are the major automotive adhesive tapes utilizer accounting for more than 80% consumption. Europe is anticipated to witness slower growth rate than Asia-Pacific.

Report: www.researchnester.com/sample-request/2/rep-id-280

Furthermore, North America captures more than 22% market share and is envisioned to bolster automotive adhesive tape market due to the existence of major companies such as 3M and PPG Company. Apart from this, new advance technologies and development of efficient and long lasting tapes is expected to propel the market over the forecast period.

Moreover, riding on the back of rising demand of automobiles and setup of manufacturing plants, the market of Latin America is anticipated to witness during the forecast period.

Market Segmentation

Our in-depth analysis segmented the global automotive adhesive market in the following segments:

By Types

Polyester Tapes

Polypropylene Tapes

Paper Tape

Polyvinyl Chloride Tapes

Foam Tapes

Cloth Tapes

By Material Type

Acrylic

Natural rubber

Butyl

Others (Anaerobic Adhesives, epoxy adhesives)

By Backing Material

Masking tapes

Double-sided tapes

Reinforced tapes

Specialty tapes

By Application

Interior

Exterior

By Region

Global Automotive Adhesive tape market is further classified on the basis of region as follows:

North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis

Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis

Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis

Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea & Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis

Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Rise in demand of lightweight vehicles automobiles is expected to be dynamic factor behind the quick growth of automotive adhesive tape market. Automotive manufacturers are moving from mechanical fasteners to automotive adhesive tape to cut down the weight of vehicles.

Apart from this, increasing number of plastic parts in automobiles is expected to grow the demand of automotive adhesive tape all over the world. Increasing usage of exterior applied adhesive can be expected to positively impact the demand.

Report: www.researchnester.com/toc-request/1/rep-id-280

However, legislation regarding the prohibition on use of certain chemicals and lack of environment friendly adhesive tapes is anticipated to restrain the growth of global automotive adhesive tape market.

Key players

Dow Chemical Company

Avery Dennison Corporation

3M Company

HB fuller

Tesa SE

Intertape Polymer Group

Lohmann GmbH & Co. Kg.

Scapa Group Plc

Shurtape Technologies, LLC

Lintec Corporation

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Automotive Adhesive tape Market is segmented as follows:

By Type Market Size & Y-O-Y Growth Analysis

By Material Type Market Size & Y-O-Y Growth Analysis

By Backing Material Market Size & Y-O-Y Growth Analysis

By Application Market Size & Y-O-Y Growth Analysis

By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

News From

Research Nester Pvt Ltd - Market Research Consulting and Industry ReportsResearch Nester Pvt Ltd
Category: Market Research Publishers and RetailersCompany about: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...
This email address is being protected from spambots. You need JavaScript enabled to view it.