Global Automotive AdhesiveTapes Market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labelling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth.
Polyvinyl chloride (PVC) was the largest
segment and accounted for 31.4% of the overall volume in 2015 and is expected
to witness significant rise on account of superior properties including
excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing
demand for lamination, insulation, protection and masking of automotive wires
will propel industry expansion over the forecast period.
Double-sided tapes are expected to witness
significant volume rise at a CAGR of 6.6% from 2016 to 2024 as on account of
its durability, reliability, and sufficient bonding & fixing properties.
Furthermore, increasing applications in automotive interior parts in light of
better resistance and excellent tacky ability will promote industry expansion
over the forecast period.
Full Research Report on Global Automotive
Adhesive Tapes Market Analysis:
http://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market
http://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market
Further key findings from the report
suggest:
- The global market demand was 5,745.8 million square meters in
2015 and is expected to show high gains in light of growing vehicle
production in China, India, and Mexico
- Natural rubber was a prominent segment and accounted for 28.1%
of the overall revenue. The product will show growth in light of superior
properties including high flexibility, and versatility, and high adhesion.
- North America accounted for over 20% of the global volume share
and is expected to witness significant gains in light of robust
manufacturing base and rapid growth of the automotive sector in the U.S.
and Mexico. National policies promoting the development of vehicles, fuel
efficiency, and green policy will also impact future automotive trends.
Moreover, the presence of various manufacturers including Dow
Company, 3M Automotive, and PPG Automotive will augment growth.
- Latin America is expected to witness significant revenue growth
at a CAGR of 7.3% from 2016 to 2024 as a result of increasing automotive
vehicle sales in Argentina, Brazil, and Columbia. Increasing foreign
investment in the automotive sector in the region is expected to open new
market avenues over the next eight years.
- Automotive adhesive tapes industry is dominated by key
participants including 3M, Tesa SE, Lintec, and Nitto Denko Corporation.
Ongoing product development by various companies to manufacture
high-performance and cost-efficient adhesive tapes is expected to augment
product consumption over the forecast period.
- In August 2015, Shurtape launched FP 115 high-performance
flatback paper tape to offer moisture resistance and stronghold for the
tube, paper, and core manufacturing. In July 2014, Shurtape expanded its
line of double-coated tapes with the introduction of DP 401 polyester film
tape designed for polyethylene foam fabrication and lamination
processes.
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand
View Research has segmented the Global Automotive Adhesive Tapes Market on the
basis of adhesive type, backing material, product, application, and region:
Global Automotive Adhesive Tapes
Adhesive Type Outlook (Volume, Million Square Meters; Revenue, USD Million,
2013 - 2024)
- Acrylic
- Natural rubber
- Butyl
- Others
Global Automotive Adhesive Tapes Backing
Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 -
2024)
- Polypropylene
- Paper
- Cloth
- Foam
- PVC
- Others
Global Automotive Adhesive Tapes Product
Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 - 2024)
- Masking tapes
- Double-sided tapes
- Reinforced tapes
- Specialty tapes
Global Automotive Adhesive Tapes
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013
- 2024)
- Interior
- Exterior
Global Automotive adhesive tapes
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2013 -
2024)
- North America
- U.S.
- Europe
- Germany
- Asia Pacific
- China
- India
- Latin America
- Brazil
- MEA
View Press Release Of This Report by
Grand View Research: http://www.grandviewresearch.com/press-release/global-automotive-adhesive-tapes-market
About Grand View
Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For more Information visit: www.grandviewresearch.com
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