At CAGR of 5.27 % Automotive Adhesive Tape Market Projected to Worth USD 11.91 Bn by 2024|3M Company, tesa SE, Intertape Polymer Group, Lohmann GmbH

The global market of automotive adhesive tape accounted for USD 7.2 Billion in 2016 and is expected to reach USD 11.91 Billion by 2024. Further, the automotive adhesive tape market is anticipated t0 witness a compound annual growth rate of 5.27 % over the period 2017-2024. Rapid growth of automobile industry is the major growth driver behind the expansion of automotive adhesive tape market. Additionally, the growth of lightweight vehicles has replaced the conventional mechanical fasteners with economical automotive adhesive tapes which are further expected to drive the growth of the market during the forecast period.

The Automotive Adhesive Tape Market has been segmented by types into polyester tapes, polypropylene tapes, paper tape, polyvinyl chloride tapes, foam tapes and cloth tapes, out of which, polyvinyl chloride tapes held the highest market share in terms of revenue in 2016 and is anticipated to hold its positive growth during the forecast period.

Avail Discount For this Report @ https://www.researchnester.com/grab-discount-280

In terms of region, Asia-Pacific held the largest percentage of market share in 2016 and is expected to hold its dominant stance over the forecast period owing to the rising demand for automobiles in the region. Further, North America is envisioned to bolster the growth of automotive adhesive tape market owing to latest technologies, development of efficient and long lasting automotive adhesive tapes. Furthermore, growing demand for automobiles and setup of manufacturing plants is anticipated to boost the growth of the automotive adhesive tape market of Latin America.

Growth of Automobile Industry to Boom the Market

Emergence of major key players on the back of growing automobile industry is anticipated to drive the growth of the automotive adhesive tape market during the forecast period. Further increasing number of plastic parts in automotive and growing preference of automotive adhesive tape among automotive manufacturers is estimated to propel the growth of the market by the end of 2024.

To Know More About This Report Click Here @ https://www.researchnester.com/sample-request/2/rep-id-280

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

However, lack of environment friendly adhesive tapes is likely to inhibit the growth of the automotive adhesive tape market in the near future.

This report also provides the existing competitive scenario of some of the key players of the automotive adhesive tape market which includes company profiling of The Dow Chemical Company, Avery Dennison Corporation, 3M Company, H.B. Fuller, tesa SE, Intertape Polymer Group, Lohmann GmbH & Co. KG, Scapa Group PLC, Shurtape Technologies LLC and LINTEC Corporation.

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/automotive-adhesive-tape-market-global-demand-analysis-opportunity-outlook-2024/280

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the automotive adhesive tape market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: sales@researchnester.com
U.S. Phone: +1 646 586 9123
U.K. Phone: +44 203 608 591

For More Update Follow- LinkedIn | Twitter | Xing

Research Nester is a one-stop service provider, leading in strategic market research and consulting with an unbiased and unparalleled approach towards helping global industrial players, conglomerates and executives to make wise decisions for their future investment and expansion by providing them qualitative market insights and strategies while avoiding future uncertainties. We believe in honesty and sheer hard work that we trust is reflected in our work ethics. Our vision is not just limited to gain the trust of our clients but also to be equally respected by our employees and being appreciated by the competitors.

Leave a Reply