Automotive Adhesive Tape Market - Forecasts from 2018 to 2023
The automotive adhesive tape market is projected to grow at a CAGR of 6.31% during the forecast period. The market size is expected to reach US$11.468 billion by 2023 from US$7.945 billion in 2017. The automotive industry is on the rise owing to an increase in the demand for more efficient and economical vehicles worldwide. This is driving many automotive manufacturers to switch from the traditional screw and nut-based fixtures to innovative and efficient techniques and fixtures, which is the primary driving force behind the demand for adhesive tapes in the automotive industry. In addition, benefits like improved flexibility and reduction in costs will further snowball the demand for tapes in the automotive industry. The Asia Pacific region will have a substantial share in the market owing to high automotive production in the regions of China, Japan, India, and South Korea, among others.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the Automotive adhesive tape value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the market.
Some of the major players discussed in this report are 3M, tesa SE, NITTO DENKO CORPORATION, Avery Dennison Corporation, and Henkel AG, among others.
Automotive adhesive tape market has been segmented on the basis of product type, coating technology and geography as follows:
By Coating Technology
Middle East and Africa
Key insights offered
What will be the Automotive adhesive tape market size from 2017 to 2023?
How are the major drivers and restraints affecting the Automotive adhesive tape market growth and the opportunities which exist for key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants’ behaviourKey strategies being adopted by vendors, with in-depth analysis along with their impact on competition and market growth.
NITTO DENKO CORPORATION
Avery Dennison Corporation
Lohmann GmbH & Co. KG
Intertape Polymer Group
Shurtape Technologies, LLC