Category

Automotive Adhesive Tape Market - Forecasts From 2019 To 2024

112 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. Automotive adhesive tapes are increasingly deployed under the bonnet, on the body, and the interior and exterior trim 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 a 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 an 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 the 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 methods for automotive fixing

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