Automotive Adhesive Tapes Market by Backing Material, by Application and by Region – Global Forecast to 2020

The global automotive adhesive tapes market is estimated to have accounted for USD 5.4 Billion in 2014, and is projected to reach USD 7.5 Billion by 2020, at a CAGR of 5.1% between 2015 and 2020.

The automotive adhesive tape market will increasingly use hot melt adhesives due to the associated advantages, such as lower production costs, low energy requirements and considerable reduction in investment associated to conversion from solvent to hot melt. In the backing material category, more environmentally friendly products are in trend due to regulatory reasons. Niche applications such as foam, non-woven, and cloth tapes are witnessing faster-growth in the automotive adhesive tapes market due to their high performance. Due to light weight revolution in the automotive industry, trend towards using lightweight materials and down-gauging product specifications is on the rise.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=209565940

Among, applications the most consumption of automotive adhesive tapes is in interior segment. It is also the fastest-growing application. Automotive adhesive tapes are widely substituting other fastening products due to the associated economic and environmental advantages with automotive adhesive tapes. These tapes are widely used in automobile parts for various applications, such as, wire harness, part mounting, NVH, labelling, and more. Such tapes are replacing other fastening products in the automotive industry due to their unique designs and properties to address challenges of the respective industry.

To address the safety parameters in the automotive industry, wide range types of adhesive tape with different backing materials are available in the marketplace. PVC is the major backing material for adhesive tapes used in the automotive industry, as it caters to some of the largest applications in an automotive, such as, wire harnessing, UV resistance, electrical insulation, device shielding, and also for decorative applications. Paper backing material is the fastest-growing type of backing material. It is growing with an increase in consumption in Asia-Pacific.

Interior application segment is the biggest application

Among the applications, the interior segment accounts for the largest share in the automotive adhesive tapes market. In terms of volume, the interior application accounted for a share of 48.4% in 2014. It is projected to be the fastest-growing application of the automotive adhesive tapes market between 2015 and 2020. It is growing due to growth in the Wire Harness and the Noise, Vibration & Harshness (NVH) application sub-segments.

Exterior application is the second-biggest segment

Exterior application accounts for the second-largest share in the automotive adhesive tapes market. It is growing due to growth in the masking and labelling application sub-segments.

To know about the assumptions considered for the study:

https://www.marketsandmarkets.com/Market-Reports/automotive-adhesive-tapes-market-209565940.html

An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Some of the major market players in this market are 3M Company (U.S.), Nitto Denko Corporation (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company KGaA (Germany), Intertape Polymer Group (Canada), Lintec Corporation (Japan), Shurtape Technologies, Llc. (Canada), Scapa Group Plc (U.K.), and Lohmann GmbH & Co.KG (Germany), and so on.

 

Target Audience

  • Automotive Adhesive Tapes Producers
  • Automotive Adhesive Tapes Traders, Distributors, and Suppliers
  • Manufacturers in End-use Industries
  • Associations and Industry Bodies
  • Investment research firms

Premium Insights
4.1 Attractive Opportunities in the Automotive Adhesive Tapes Market
4.2 Automotive Adhesive Tapes Market in Asia-Pacific
4.3 Automotive Adhesive Tapes Growth Rate, By Region
4.4 Automotive Adhesive Tapes Market– Developed vs Developing Nations
4.5 Automotive Adhesive Tapes Market– Major Backing Material

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : +1-888-600-6441
Email: newsletter@marketsandmarkets.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.