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
indsutry. 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 to witness a CAGR (compound annual growth
rate) of 5.27 % over the forecast period 2017-2024.
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.
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.
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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
Henkel AG
& Co. KGAA
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
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more about this research, kindly visit:
For Table of Content &
Free Sample Report Contact:
Ajay
Daniel
Email:
ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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