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 Research Report of Automotive
Adhesive Tapes Market @ https://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market
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.
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
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.
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