(EMAILWIRE.COM, February 03, 2023 ) The global Automotive Adhesive Tapes Market size was USD 8.5 billion in 2020 and is projected to reach USD 12.1 billion by 2026, at a CAGR of 5.9% between 2021 and 2026. Adhesive tapes are gaining popularity as an efficient and economical replacement of traditional fixing and fastening applications in the automotive sector.
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=209565940
Based on adhesive type, the Automotive Adhesive Tapes Market is segmented into acrylic, rubber, silicone, and others. Other adhesive types include ethylene-vinyl acetate (EVA) and butyl. Acrylic was the largest adhesive type in the overall automotive adhesive tapes market in 2020. This is majorly due to the excellent bonding of acrylic adhesives, offered to a wide range of substrates, including metal, plastics, glass, ceramics, and stainless steel. Acrylic is the most preferred resin due to its good physical and chemical properties in the automotive industry.
Based on backing material, polypropylene (PP) -backed automotive adhesive tapes accounted for the largest share of the overall automotive adhesive tapes market, in terms of volume and value, in 2020. PP is elastic in nature and resistant to humidity. It has high demand as it is a low-cost material, which provides better flexibility and conformability owing to its softness.
Based on applications, the automotive adhesive tapes market is segmented as interior, exterior, and electric vehicle. In 2020, the interior segment dominated the automotive adhesive tapes market. The high demand for automotive adhesive tapes in wire harnessing is majorly driving the growth of interior applications.
Don’t miss out on business opportunities in Automotive Adhesive Tapes Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=209565940
Browse In-Depth TOC On “Automotive Adhesive Tapes Market
264 – Market Data Tables
52 – Figures
263 – Pages
Based on region, Asia Pacific dominated the global automotive adhesive tapes market in 2020. It is majorly due to the increase in demand for automotive adhesive tapes from major countries such as China, Japan, and India. China is the largest market for automotive adhesive tapes market in Asia Pacific and the growing automotive industry in China is expected to fuel the market growth.
The key market players include 3M (US), Nitto Denko Corporation (Japan), tesa SE (US), Avery Dennison Corporation (US), Lohmann GmbH & Co.KG (Germany), Henkel AG & Co. KGAA (Germany), Sika AG (Switzerland), Intertape Polymer Group (US), Lintec Corporation (Japan), Shurtape Technologies, LLC (US), Scapa (UK), and L&L Products (US). These players have adopted expansions, joint ventures, mergers, acquisitions, agreements, collaborations, product launches, and partnerships as their growth strategies.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=209565940
MarketsandMarkets is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets.com or follow us on Twitter, LinkedIn and Facebook.
Discussion about this post