Automotive Adhesive Tapes Market Worth 7.5 Billion USD by 2020
PUNE, India, December 8, 2015 /PRNewswire/ --
The report "Automotive Adhesive Tapes Market by Application (Interior Application, Exterior Application, and Others), by Region - Global Forecast to 2020", published by MarketsandMarkets, The global Market is estimated to have accounted for USD 5.4 Billion in 2014, and is projected to reach USD 7.5 Billion by 2020, at a CAGR of 5.1% between 2015 and 2020.
Browse 76 Market Data Tables and 50 Figures spread through 208 Pages and in-depth TOC on "Automotive Adhesive Tapes Market".
http://www.marketsandmarkets.com/Market-Reports/automotive-adhesive-tapes-market-209565940.html
Early buyers will receive 10% customization on this report.
The Market defines and segments the concerned market with analysis and forecast of revenue. The market is growing due to the shift in preference toward solvent-free adhesive tapes, high demand for automotive adhesive tapes from the Asia-Pacific region and technological advancements in end-use industries.
Interior application segment is the biggest application
Among the applications, the interior segment accounts for the largest share in the Automotive Adhesive Tapes Market. In terms of volume, the interior application accounted for a share of 48.4% in 2014. It is projected to be the fastest-growing application of the automotive adhesive tapes market between 2015 and 2020. It is growing due to growth in the Wire Harness and the Noise, Vibration & Harshness (NVH) application sub-segments.
Exterior application is the second-biggest segment
Exterior application accounts for the second-largest share in the automotive adhesive tapes market. It is growing due to growth in the masking and labelling application sub-segments.
Asia-Pacific is the biggest regional market
The Automotive Adhesive Tapes Market in Asia-Pacific accounted for the largest share by volume, of the global automotive adhesive tapes market in 2014. The Asia-Pacific market is expected to continue its dominance in the respective market till 2020 owing to the increasing production of automotive and components from developing countries, such as India and China. The major market player in automotive adhesive tapes market 3M (U.S.) and other global players are expanding their reach into the Asia-Pacific market seeing the lucrative business opportunities in this region. This market is mainly driven by factors such as growing populations, increasing disposable income, and the growing automotive industry. Among the countries in the RoW region, Brazil is the largest prospect for the automotive adhesive tapes market. Growth in the Brazil market is mainly attributed to the increasing population, and rising number of vehicle production YoY in the region.
Request for Sample PDF: http://www.marketsandmarkets.com/pdfdownload.asp?id=209565940
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Some of the major market players in this market are 3M Company (U.S.), Nitto Denko Corporation (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company KGaA (Germany), Intertape Polymer Group (Canada), Lintec Corporation (Japan), Shurtape Technologies, Llc. (Canada), Scapa Group Plc (U.K.), and Lohmann GmbH & Co.KG (Germany), and so on.
Browse Related Reports:
Adhesive Tapes Market by Product Type (Commodity & Specialty), by Application (Packaging, Masking, Consumer, & Specialty), by Technology (Solvent, Hot-Melt, & Water), by Backing Material (PP, Paper, PVC, & Others), by Region - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/adhesive-tapes-market-251563138.html
About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
SOURCE MarketsandMarkets
Share this article