The global automotive adhesive tapes market is forecast to reach a value of USD11.54 billion by 2024, according to this new report.
Double-sided tapes are expected to witness significant volume rise at a CAGR of 6.6% from 2016 to 2024 as on account of its durability, reliability, and sufficient bonding & fixing properties. Furthermore, increasing applications in automotive interior parts in light of better resistance and excellent tacky ability will promote industry expansion over the forecast period.
The global market demand was 5,745.8 million square meters in 2015 and is expected to show high gains in light of growing vehicle production in China, India, and Mexico
Natural rubber was a prominent segment and accounted for 28.1% of the overall revenue. The product will show growth in light of superior properties including high flexibility, and versatility, and high adhesion.
North America accounted for over 20% of the global volume share and is expected to witness significant gains in light of robust manufacturing base and rapid growth of the automotive sector in the U.S. and Mexico. National policies promoting the development of vehicles, fuel efficiency, and green policy will also impact future automotive trends. Moreover, the presence of various manufacturers including Dow Company, 3M Automotive, and PPG Automotive will augment growth.
Latin America is expected to witness significant revenue growth at a CAGR of 7.3% from 2016 to 2024 as a result of increasing automotive vehicle sales in Argentina, Brazil, and Columbia. Increasing foreign investment in the automotive sector in the region is expected to open new market avenues over the next eight years.
Automotive adhesive tapes industry is dominated by key participants including 3M, Tesa SE, Lintec, and Nitto Denko Corporation. Ongoing product development by various companies to manufacture high-performance and cost-efficient adhesive tapes is expected to augment product consumption over the forecast period.
In August 2015, Shurtape launched FP 115 high-performance flatback paper tape to offer moisture resistance and stronghold for the tube, paper, and core manufacturing. In July 2014, Shurtape expanded its line of double-coated tapes with the introduction of DP 401 polyester film tape designed for polyethylene foam fabrication and lamination processes.
- L&L Products Inc.
- Sika Automotive AG
- Dow Automotive
- 3M Company
- Nitto Denko
- Iida Industry Co., Ltd.
- ThreeBond Co., Ltd.
- EMS-EFTEC AG
- PPG Industries
- American Biltrite, Inc. (ABI Tape Products)
- Adchem Corporation
- Avery Dennison Corporation
- Berry Plastics
- tesa SE
- Advance Tapes International Limited
- Jonson Tapes Limited
- Zhejiang Yonghe Adhesive Products Company Limited
- Intertape Polymer Group
- Henkel AG
1. Methodology & Scope
2 Executive Summary
3 Automotive Adhesive Tapes Industry Outlook
4 Automotive Adhesive Tapes Adhesive Outlook
5 Automotive Adhesive Tapes Backing Material Outlook
6 Automotive Adhesive Tapes Product Outlook
7 Automotive Adhesive Tapes Application Outlook
8 Automotive Adhesive Tapes Regional Outlook
9 Competitive Landscape
For more information about this report visit http://www.researchandmarkets.com/research/wkrxfc/automotive
Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets