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Automotive Adhesive Tapes Market worth 7.5 Billion USD by 2020
The report “Automotive Adhesive Tapes Market by Application (Interior Application, Exterior Application, and Others), by Region - Global Forecast to 2020”, defines and segments the concerned market with analysis and forecast of revenue.
Browse 76 market data tables and 50 figures spread through 208 pages and in-depth TOC on “Automotive Adhesive Tapes Market by Backing Material (Polypropylene, Paper, Polyvinyl Chloride), by Application (Exterior - Part Mounting, Labelling, Masking, Interior - Wire Harness, Part Mounting, NVH) and by Region - Global Forecast to 2020"
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The global automotive adhesive tapes market is projected to reach USD 7.5 Billion by 2020. 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.
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.
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