Feb 11, 2019 (AB Digital via COMTEX News Network) -- Adroit Market Research today published a study on the “Global Automotive Adhesive Tapes Market Analysis 2017 by Adhesives (Natural Rubber, Acrylic, Butyl, Others), By Backing Material (Polyvinyl Chloride (PVC), Foam, Polypropylene (PP), Paper, Cloth and Others), by Product (Double-Sided Tapes, Masking Tapes, Reinforced Tapes and Specialty Tapes), by Application (Interior and Exterior), By Region and Forecast 2018 to 2025”. The report covers the global automotive adhesive tapes market data in terms of volume (million square meters) and revenue (USD million) along with the current & upcoming development scenario, competitive landscape and growth prospects in the coming years. The report also lists downs the segments which hold the majority of the automotive adhesive tape market share in key geographies. The adhesives tapes market report also covers a detailed analysis of overall tapes market globally as well as company profiles of leading manufacturers.
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The global automotive adhesive tapes market size is projected to reach USD 12.37 billion by 2025, driven by the surging growth of the automotive sector in developing economies. Also, the demand for lightweight vehicles has led to the rapid adoption of adhesive tapes as an alternative to mechanical fasteners, in turn, driving the growth of the global automotive adhesive tapes market.
Miniaturization and weight reduction of vehicles is the latest trend being followed by the automobile sector, globally. Adhesives have found extensive application in the automobile industry and have revolutionized the way the vehicles are designed and built. Adhesive tapes are being widely deployed by OEMs for the production and assembly of minor parts of an automobile. These are also used in refinishing and aftermarket. Currently, the use of bolts, screws and other fasteners are being substituted by adhesive tapes and this trend is expected to remain prevalent over the next few years. Growing demand for lightweight vehicle automobiles is a prime factor driving the growth of the global automotive adhesive tapes market.
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In 2017, paper garnered a revenue share of 26.8% and is one of the leading segment by backing material is expected to continue its prominence throughout the forecast period. The backing material on the tape improves the functioning of the adhesive. Smooth papers, as a backing material, are witnessing increased demand since they are used when adhesive tapes are required for easier applications or for curves and contours surfaces.
Adhesives dominated the global automotive adhesives tapes market in 2017 with a consumption of 1.75 billion square meters. Car customization is the ongoing megatrend in today’s automotive industry. Constructive bonding is a key feature in every industry and may lead to challenging components bondings. For multiple applications, high-tech materials are widely utilized that have special structures and properties, which can be only bonded by the use of high-performance tapes. Thus, acrylic foam tapes outperform conventional fastening methods and form a permanent bonding along with the complete sealing of the bonded substrates.
On the basis of product, masking tapes are projected to rise with the fastest CAGR of 7.3% from 2018 to 2025. Increasing preference for masking tapes in automotive industries owing to its superior adhesion properties with any surface including metals, plastics, and rubber parts is expected to significantly drive the growth of this segment in the years ahead.Interior application segment is projected to rise with a CAGR of 7.5% by revenue, during the forecast period. Interior applications have been witnessing lucrative gains in the automotive adhesive tapes market on account of increasing utilization of tapes for interior cable mountings, cover labeling’s and fixing parts.
Asia Pacific dominated the global adhesive tapes market, in terms of both volume and value. Expansion of road networks in Asia Pacific coupled with the government commitments towards industrial and infrastructure development is the key factor behind the market growth in this region. Also, increasing domestic vehicles production in developing economies such as China, Thailand and India are expected to augment the vehicle sales in this region, with a favorable impact on the market in the coming years.
The global automotive adhesive tapes market is witnessing fierce competition and players are continuously involved in large-scale research and innovation. Some of the players operating in the market include Sika Automotive AG, L&L Products Inc., Dow Automotive, 3M Company, Nitto Denko, PPG Industries, Avery Dennison Corporation and EMS-EFTEC AG.
Key segments of the global automotive adhesive tapes market
Adhesives Overview, 2015-2025 (Million Square Meters, USD Million)• Acrylic• Natural Rubber• Butyl• Others
Adhesives Overview, 2015-2025 (Million Square Meters, USD Million)• Polypropylene• PVC• Paper• Foam• Cloth• Others
Product Overview, 2015-2025 (Million Square Meters, USD Million)• Double-sided tapes• Masking tapes• Reinforced tapes• Specialty tapes
Application Overview, 2015-2025 (Million Square Meters, USD Million)• Interior• Exterior
Regional Overview, 2015-2025 (Million Square Meters, USD Million)• North America• U.S.• Rest of North America• Europe• France• UK• Spain• Rest of Europe• Asia Pacific• China• India• Japan• Rest of APAC• Latin America• Brazil• Rest of Latin America• Middle East & Africa
Some Points From to TOC: Chapter 1. Executive SummaryChapter 2. Research MethodologyChapter 3. Market OutlookChapter 4. Market Overview, By Adhesives Chapter 5. Market Overview, By Backing MaterialChapter 6. Market Overview, By ProductChapter 7. Market Overview, By ApplicationChapter 8. Market Overview, By RegionChapter 9. Competitive LandscapeChapter 9. Company Profiles
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