Global Automotive Adhesive Tape Market – Segmented by Material Type, Adhesive Type, and Region – Growth, Trends, and Forecasts (2017 - 2022)
The global automotive adhesive tape market valued USD XX million in 2016 and is projected to register a CAGR of XX%, during 2017-2022 (the forecast period). The rapid growth of automotive sector is driving the demand for automotive adhesive tape.The automotive adhesive tape is used to assemble parts together as well as required in the lamination of bolts and welds in the automobile sector. However, factors such as rising environmental concerns may restrain the market, as adhesive tapes are not environment-friendly.The speedy growth of automotive sector is expected to boost the market for automotive adhesive tape at a greater pace. The automotive adhesive tape market is segmented on the basis of adhesive type into acrylic, natural, rubber, and butyl. Acrylic adhesives segment accounted for the highest market share in 2016.The global automotive adhesive tape market is further segmented, based on material type, into polyester, polypropylene, paper, polyvinyl chloride, and others (including foam, cloth). Currently, the polyvinyl chloride segment dominates the market, due to its water resistance and strong adhesion properties.AREAS WITH SCOPE FOR AUTOMOTIVE ADHESIVE TAPE Asia-Pacific accounted for the largest market size (in USD million), due to the growing demand and production of automobiles. The market is expected to register an estimated CAGR of XX.00% during 2017-2022 (the forecast period), especially due to the market of North America, Asia-Pacific, Europe, South America, and Middle East & Africa. Moreover, the demand for lightweight vehicles shall grow in the coming times and adhesive tapes are expected to replace mechanical fasteners, which, in turn, will provide a greater opportunity to the automotive adhesive tape market. NOTABLE DEVELOPMENTS IN THE MARKET
• In Jun 2017, Adchem was acquired by Berry Global
Why purchase our Global Automotive Adhesive Tape Market Report?
• Know about: the latest regulations and policies regarding the use automotive adhesive tape
• Analyzing various market perspectives with the help of porter’s five forces analysis
• Impact of Berry Global acquiring Adchem
• Which of the regions will witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players, such as:
o 3M Company
o Dow Automotive
o L&L Products Inc.
o Nitto Denko
o Sika Automotive AG