Automotive Adhesive Tapes are kind of performance pressure sensitive adhesive tapes provide durable bonds for foam fabrication to keep vehicles quiet and airtight.
Interior was the largest application segment in 2016, the proportion is about 52.5%. It is expected to witness strong gains over the forecast period on account of rising usage in interior mounting and cable mounting. Furthermore, adhesive tapes provide strong bonding while reducing weight as compared to metal fasteners, which will fuel its demand in interior Application. Moreover, tapes are used under bonnet protection of cables & pipes, for the reduction of vibration & noise and sealing of cavities vehicle doors against dust & moisture.
Market competition is intense between top 3. 3M, Nitto Denko, Henkel, etc. are the leaders of the industry. They hold the key technologies and patents, with high-end customers. They have formed global market channel of the industry. However, with the future expanding market, there will be more manufacturers in the future.
According to this study, over the next five years the Automotive Adhesive Tapes market will register a 3.4% CAGR in terms of revenue, the global market size will reach US$ 7000 million by 2024, from US$ 5730 million in 2019.
Global Automotive Adhesive Tapes Market report features the major aspect of the market in terms of historic data, current market situations, market demand along with detailed analysis of the key players involved in the market.Automotive Adhesive Tapes Industry report also provides essential attributes associated with Automotive Adhesive Tapes market and act an essential tool to companies active across the value chain and to the newcomer by enabling them to capitalize the opportunities and develop business strategies.
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Global Automotive Adhesive Tapes Market focuses on the, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa.Automotive Adhesive Tapes business report categorizes the market based on manufacturers, regions, type and application. From a global perspective, this report represents Automotive Adhesive Tapes market in-depth outlook by analyzing historical statistics and future prospect.
TOP MOST PLAYERS:
Market Segment by Type, covers:
PVC Adhesive Tapes
Paper Adhesive Tapes
PP Adhesive Tapes
Market Segment by Applications, can be divided into:
The prospective of this Automotive Adhesive Tapes industry study delivers the key industry dynamic with respect to driving & limiting factors with their current and expected impact on market growth. Moreover, Automotive Adhesive Tapes present market share and future prospects of the segment in terms of has also been explored in this report.
Global Automotive Adhesive Tapes market report showcases qualitative and quantitative estimation by industry analysts, first-hand data, and assistance from industry experts along with each industry manufacturers by the market valuation. Automotive Adhesive Tapes report also gives extensive analysis of market share, latest industry trends and forecast data analysis with respect to sales revenue, market growth, and demand and supply scenario.
Conclusively, the Automotive Adhesive Tapes Market report provides major statistics on the state of the industry also it is considered as an essential source of guidance and direction for businesses and individuals involved in the market.