The global automotive tapes market size is projected to reach USD 6.40 billion. The increasing applications of the product will fuel it demand across diverse industries. According to a report published by Fortune Business Insights, titled “Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,” the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026.
Automotive tapes are widely used across the automotive industry. The increasing emphasis on development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes. The increasing emphasis on product R&D has yielded a few exceptional products in recent years and has attracted attention from consumers from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years.
Increasing Number of Company Mergers Will Aid Market Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market. In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market.
Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth
The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth. Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years.
Some of the leading companies that are operating in the global automotive tapes market are:
- Tesa SE
- 3M Company
- Arkema S.A.
- Nitto Denko Corporation
- Avery Dennison Corporation
- Sika AG
- Saint-Gobain
- LINTEC Corporation
- Scapa
- Henkel AG
- Others
Information source:
https://www.fortunebusinessinsights.com/automotive-tapes-market-102417
In this report, our team offers a comprehensive analysis of Automotive Adhesive Tapes market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-automotive-adhesive-tapes-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• 3M• Nitto Denko• Henkel• Tesa• ORAFOL Europe• IPG• Lohmann• Avery Dennison• Scapa• Shurtape• Lintec• Teraoka Seisakusho• GERGONNE On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• PVC Adhesive Tapes• Paper Adhesive Tapes• PP Adhesive Tapes• Other By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Interior• Exterior By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-automotive-adhesive-tapes-market-2020-2026 Table of Contents Global Automotive Adhesive Tapes Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 PVC Adhesive Tapes1.3.2 Paper Adhesive Tapes1.3.3 PP Adhesive Tapes1.3.4 Other1.4 Application Overview1.4.1 Interior1.4.2 Exterior1.5 Industrial Chain1.5.1 Automotive Adhesive Tapes Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 PVC Adhesive Tapes2.1.2 Paper Adhesive Tapes2.1.3 PP Adhesive Tapes2.1.4 Other2.2 The Overall Market Performance(Value)2.2.1 PVC Adhesive Tapes2.2.2 Paper Adhesive Tapes2.2.3 PP Adhesive Tapes2.2.4 Other 3 Global Automotive Adhesive Tapes Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Interior3.3 Exterior Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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Global Automotive Adhesive Tapes Market is anticipated to grow significantly in the forecast period owing to the rise in demand for the product.
Automotive adhesive tapes are widely used in the automotive segment to assemble the components.
These tapes provide structural strength that have the potential of replacing several mechanical fasteners.
They shorten assembly time, exclude the need for surface refinishing, offer uniform thickness and gap filling characteristics and improve manufacturing flexibility.Automotive adhesive tape market is driven by increasing application in multiple areas of automobile manufacturing and rapid growth in the automobile industry.
Moreover, automotive adhesive tapes are comparatively cheap than mechanical fasteners, which paves the market growth of automotive adhesive tapes.
However, growing concerns of environment are expected to restrain the market growth of automotive adhesive tapes in the years to come.Browse the Full Global Automotive Adhesive Tapes Market - Global Scenario, Industry Outlook, Analysis, Size, Trends and Forecast, 2013 To 2024 Report at - https://www.millioninsights.com/industry-reports/automotive-adhesive-tapes-marketAutomotive adhesive tapes industry is categorized on the basis of type, material, backing material, application and geography.
