The global automotive adhesive tapes 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, labeling, 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 automotive adhesive tapes market analysis: 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: https://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
o U.S.
·
Europe
o Germany
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
·
MEA
View
Press Release of this research report by Grand View Research: https://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.
For More Information: www.grandviewresearch.com
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: www.grandviewresearch.com
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