San Francisco, 16 April , Automotive
Adhesive Tapes Market Size, Share & Trends Analysis Report By Product
(Double-sided, Specialty), By Function, By Application (Interior, Exterior), By
Vehicle Type, And Segment Forecasts, 2019 – 2025.
The global automotive adhesive tapes market size is expected to reach
USD 7.1 billion by 2025; progressing at a CAGR of 4.5% over the forecast
period, according to a new report by Grand View Research, Inc. Rising
substitution of metal fasteners in automobile design backed by growing emphasis
on aesthetics is expected to positively impact the growth.
Increasing usage in bonding,
moldings, garnishes, emblem, and bumpers is expected to propel the overall
market growth over the forecast period. In addition, superior adhesion and
impact dampening properties of automotive adhesive tapes are expected to boost
its demand over the forecast period.
Development of reinforced
tapes, coupled with rising adoption in the automotive industry for OEM and
aftermarket applications, is likely to drive the automotive adhesive tapes
market over the next few years. In addition, growing focus on development of lightweight
and fuel-efficient vehicles is expected to boost the product demand.
Growth in the usage of
silicon-based resins as binder or modifier in coating formulations to impart
additional stability is expected to benefit the market expansion. In addition,
rising efforts to develop bio-degradable pressure sensitive products for
automotive applications are expected to positively impact the growth.
Superior performance
characteristics exhibited by tapes such as no residual adhesive marks for the
area covered under the product as well as adhesion of non-uniform surfaces are
likely to augment the product demand. These tapes are suitable for applications
that are subjected to high curing temperatures.
Access Full Research
Report On Automotive Adhesive Tapes Market Analysis:
Further key findings from the study suggest:
·
Specialty product segment is
expected to register a CAGR of 6.1% from 2019 to 2025, on account of superior
features of the product such as good shear strength, abrasion and temperature
resistance, and conformance to non-uniform surfaces
·
Double-sided tapes generated a
revenue of USD 2.2 billion in 2018 and is expected to witness notable growth
owing to rise in the use of the product for bonding application in interior and
exterior of automobiles
·
In Asia Pacific, China
accounted for the largest market share with over 47.0% in terms of revenue in
2018 owing to presence of key passenger car and LCV manufacturers
·
Major companies in the
automotive adhesive tapes market lay emphasis on the development of advanced
products with superior aesthetics and eco-friendly properties to gain
competitive edge.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the
global automotive adhesive tapes market on the basis of product, application,
function, vehicle-type, and region:
Automotive Adhesive Tapes
Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 -
2025)
·
Double-sided
·
Masking
·
Reinforced
·
Specialty
Automotive Adhesive Tapes
Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 -
2025)
·
Interior
·
Exterior
·
Electronics
·
Body-in-White
·
Powertrains
·
Wire Harnessing
·
Chassis & Wheels
·
Others
Automotive Adhesive Tapes
Function Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 -
2025)
·
Bonding
·
NVH
·
Masking
Automotive Adhesive Tapes
Vehicle Type Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014
- 2025)
·
Passenger Cars
·
Light Commercial Vehicles
Automotive Adhesive Tapes
Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2014 -
2025)
·
North America
o
U.S.
o
Canada
o
Mexico
·
Europe
o
Germany
o
U.K.
o
France
o
Italy
o
Spain
·
Asia Pacific
o
China
o
Japan
o
India
o
South Korea
o
Thailand
·
Central & South America
o
Brazil
·
Middle East & Africa
o
South Africa
Access Full Press Release of this Report: https://www.grandviewresearch.com/press-release/global-automotive-adhesive-tapes-market
About Grand View Research
Grand View Research, Inc. is a U.S. based
market research and consulting company, registered in the State of California
and headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
No comments:
Post a Comment