Automotive Adhesive Tapes Market Growth & Trends
The global automotive adhesive tapes market size is expected to reach USD 4.73 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. Growing usage of advanced functional materials to improve aesthetics, reduce weight, and enhance the performance of vehicles is expected to drive the market growth.
Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the product demand. In addition, the increasing focus of manufacturers on the development of lightweight vehicles will augment the product demand.
The global automotive market is witnessing switching trends with growing popularity and demand for Electric Vehicles (EVs). Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe, which, in turn, is expected to drive the product demand.
Request a free sample copy or view report summary: Automotive Adhesive Tapes Market Report
Automotive Adhesive Tapes Market Report Highlights
- The interior attachment application segment accounted for the largest revenue share in 2020 owing to high demand for vehicles with improved aesthetics
- Emulsion-based adhesive tapes are expected to witness the fastest CAGR on account of the wide usage of these products in permanent application in car exteriors
- The powertrain application segment is expected to witness the fastest growth on account of the rising product penetration in electric and hybrid vehicle powertrains
- Europe dominated the global market, in terms of revenue share, in 2020 owing to the high per vehicle content of tapes in the European automotive car models
- Key market players focus on improving the product application scope in niche areas, such as powertrains and battery compartments, which is expected to drive the industry growth
Access Press Release@ https://www.grandviewresearch.com/press-release/global-automotive-adhesive-tapes-market
Automotive Adhesive Tapes Market Segmentation
Grand View Research has segmented the global automotive adhesive tapes market on the basis of application, adhesive chemistry, and region:
Automotive Adhesive Tapes Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
- Wire Harnessing
- Powertrain
- Acoustic Insulation
- Interior Attachment
- Exterior Attachment
- Electronics
- Chassis & Wheels
Automotive Adhesive Tapes Adhesive Chemistry Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
- Solvent-based Adhesives
- Emulsion-based Adhesives
- Hot Melt Adhesives
- Radiation Adhesives
Automotive Adhesive Tapes Regional Outlook (Volume, Million Square Meters; Revenue, USD Million, 2017 - 2028)
- North America
- US.
- Canada
- Mexico
- Europe
- UK.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of World
List of Key Players of Automotive Adhesive Tapes Market
- L&L Products, Inc.
- Sika Automotive AG
- The 3M Company
- Nitto Denko Corp.
- Lida Industry Co, Ltd.
- ThreeBond Co., Ltd.
- PPG Industries
- ABI Tape Products
- Adchem Corporation
- Avery Dennison Corp.
- Saint Gobain
- Berry Plastics
- tesa SE
- Lintec Corp.
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