Category

Automotive Adhesive Tape Market - Forecasts From 2018 To 2023

118 pages
Published on : May 2019
Report Code : KSI061612226

Description

The Automotive adhesive tape market was valued at US$ 8.140 billion in 2018 and is estimated to grow at a CAGR of 6.50% during the forecast period 2018-2024. Automotive adhesive tapes are increasingly deployed under the bonnet, on the body, and the interior and exterior trims of the car. The demand for these tapes is largely driven by the need to reduce the vehicle weight to the minimum since it offers clear advantage over the traditional mechanical fixing. Growing automotive production across the globe is playing an important role in the augmented consumption of adhesive tapes.  With this, burgeoning investments in electric vehicle is further going to propel the market growth since these tapes will be used to ensure user safety. Thus, the market is expected to grow at a good rate over the forecast period owing to growing adoption of electric vehicle and increased focus towards reducing vehicle weight to reduce emission rate.

DRIVERS

Burgeoning automotive production

Rising Investments in electric vehicle

RESTRAINTS

Presence of alternative method for automotive fixing

INDUSTRY UPDATE

 In July 2017, Intertape Polymer Group completed transaction to acquire Canadian Technical Tape Ltd. In order expand their offerings of automotive tapes in North America region.

The major players profiled in the Automotive adhesive tape market include 3M, tesa SE, NITTO DENKO CORPORATION, AVERY DENNISON CORPORATION, HENKEL AG, Scapa Group plc, Lohmann GmbH & Co. KG, LINTEC Corporation, Intertape Polymer Group, Shurtape Tehnologies, LLC., BOSTIK, DIC Corporation, GERGONNE, TOYOCHEM CO., LTD., and Parafix Tapes & Conversions Ltd.  

Segmentation

The Automotive adhesive tape market has been analyzed through the following segments:
By Coating Technology

Solvent-based

Hot-Melt based

Water-based

Others

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

Germany

France

United Kingdom

Others

 

Middle East and Africa

Saudi Arabia

Israel

Others

 

Asia Pacific

China

Japan

South Korea

India

Others

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