Disclosing Latest Advancement in Global Automotive Adhesive Tape Market Forecast 2018-2023

Automotive Adhesive Tape

The Onerous Demand Of Global Automotive Adhesive Tape Market report enables the buyer of the report to gain a telescopic view of the competitive landscape and plan the strategies accordingly. A separate section with Automotive Adhesive Tape industry key players is included in the report, which provides a comprehensive analysis of price, cost, gross, revenue, product picture, specifications, company profile, and contact information.Development and Trend Research plays an Important role towards the innovation in any given industry which require to execute. Additionally, performing research and development offers a competitive advantage over the competitors owing to regular introduction of products and prototypes to attract consumers. This is expected to have a positive impact on the Automotive Adhesive Tape market growth over the forecast period.

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The global automotive adhesive tape market is expected to register a CAGR of nearly 6.1% during the forecasted period, 2018-2023. Rising demand for light weight and economical automobiles is expected to be an important factor for the growth of automotive adhesive tape market.

Light Weight Automobiles Driving the Market

Automobile manufacturers are shifting their attention towards automotive adhesive tapes compared to conventional mechanical fasteners to cut down the automobile weight, because it saves energy and maintenance costs. According to United States Department of Energy statistics, decreasing automobile weight by 10% can result in improvement of fuel by 6%-8%. Therefore, this intrinsic property of automotive adhesive tape is expected to drive the market during the forecasted period.

Automobile Production Driving the Asia-Pacific Market

The market, based on the geographic area, is segmented into Asia-Pacific, North America, Europe, South America, and the Middle East & Africa. Asia Pacific holds the largest market share, greater than 40%, and is expected to show its dominance during the forecasted period, because of increasing automobile production in economies, such as India, China, etc. In addition, North America, being the hub of automotive adhesive tapes manufacturers, such as 3M, PPG is also expected to show a good increase during the forecasted period.

Poly Vinyl Chloride & Acrylic are the Dominant Segments

The global automotive adhesive tape market is segmented, based on material type, and the polyvinyl chloride segment dominates the market, due to its water resistance and strong adhesion properties. Apart from this the market is also segmented on the basis of acrylic, natural rubber, butyl, and others, of these, acrylic has the highest market share.

Notable Developments in the Market

June 2017: Berry Global Inc. had completed the acquisition of Adchem Corporation, which is the manufacture of high performance adhesive tapes for different end- users, which include automotive ,etc.

Major Players: 3M, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation., Henkel Ag & Company Kgaa , Intertape Polymer Group , Lintec Corporation , Shurtape Technologies, Llc. , Scapa Group Plc, and Lohmann Gmbh & Co.Kg, among others.

Reason to Purchase this Report

To understand the impact of automotive sector on the studied market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating material type and product type in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel

Customization of the Report

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Automotive Adhesive Tape Market Forecast 2018-2023

The Automotive Adhesive Tape industry research report analyses the supply, sales, production, and market status comprehensively. Production market shares and sales market shares are analysed along with the study of capacity, production, sales, and revenue. Several other factors such as import, export, gross margin, price, cost, and consumption are also analysed under the section Analysis of Automotive Adhesive Tape production, supply, sales and market status.

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Price of Automotive Adhesive Tape Market Report (single User Licence): $ 4250

Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.

 

 

 

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