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How Automotive Adhesive Tapes Market worth 7.5 Billion USD by 2020?

The global automotive adhesive tapes market is estimated to have accounted for USD 5.4 Billion in 2014, and is projected to reach USD 7.5 Billion by 2020, at a CAGR of 5.1% between 2015 and 2020.<br><br>The automotive adhesive tape market will increasingly use hot melt adhesives due to the associated advantages, such as lower production costs, low energy requirements and considerable reduction in investment associated to conversion from solvent to hot melt. In the backing material category, more environmentally friendly products are in trend due to regulatory reasons. Niche applications such as foam, non-woven, and cloth tapes are witnessing faster-growth in the automotive adhesive tapes market due to their high performance. Due to light weight revolution in the automotive industry, trend towards using lightweight materials and down-gauging product specifications is on the rise.

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How Automotive Adhesive Tapes Market worth 7.5 Billion USD by 2020?

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  1. MarketsandMarketsPresents How Automotive Adhesive Tapes Market worth 7.5 Billion USD by 2020?

  2. 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. 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. 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“ http://www.marketsandmarkets.com/Market-Reports/automotive-adhesive-tapes-market-209565940.htmlEarly buyers will receive 10% customization on reports.

  3. The global automotive adhesive tape market was valued at USD 5.4 Billion in 2014 and is expected to register a CAGR of 5.1% between 2015 and 2020. The market is projected grow 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. Among, applications the most consumption of automotive adhesive tapes is in interior segment. It is also the fastest-growing application. Automotive adhesive tapes are widely substituting other fastening products due to the associated economic and environmental advantages with automotive adhesive tapes. These tapes are widely used in automobile parts for various applications, such as, wire harness, part mounting, NVH, labelling, and more. Such tapes are replacing other fastening products in the automotive industry due to their unique designs and properties to address challenges of the respective industry. The parent of automotive adhesive tapes market is adhesive tape. Adhesive, the most critical component in adhesive tapes, accounts for the largest share of costs associated with the adhesive tapes. Manufacturers include 3M Company (U.S.), Nitto Denko Corporation (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company KGaA (Germany) and so on. Masking, wire harnessing, and labelling are some of the major applications that are addressed through a wide range of automotive adhesive tapes available in marketplace. .

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