Automotive Adhesive Tape Market 2020 by Industry Analysis, Business Opportunities, Top Manufacture, Industry Share Report, Status, Regional Outlook and Global Forecast to 2024 | 3M, Advance Tapes International, American Biltrite Inc., Avery Dennison Corpo
The automotive adhesive tape market is expected to register a CAGR of 4.85% during the forecast period (2019 - 2024).
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Market By Top Leading Players-
3M, Advance Tapes International, American Biltrite Inc., Avery Dennison Corporation, Berry Global Inc. (Adchem), Godson Tapes Pvt. Limited, Intertape Polymer Group, L&L Products, LINTEC Corporation, Lohmann GmbH & Co.KG, NITTO DENKO CORPORATION, Saint-Gobain Performance Plastics, Scapa Group plc, Shurtape Technologies LLC, SIKA AG, SURFACE SHIELDS, tesa SE - A Beiersdorf Company, Vibac Group SpA
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- Stringent environmental regulations demanding the usage of low volatile organic carbon (VOC) adhesive tapes are expected to drive the demand for the market, during the forecast period.
- Volatility in raw material prices is likely to hinder the market growth.
- High-performance adhesive tapes for advanced applications are projected to act as an opportunity for the market, in the future.
Key Market Trends
Natural Rubber Adhesives to Witness a High Demand
- Natural rubber is widely used in pressure sensitive adhesive (PSA) tapes. Natural rubber consists of long polymer chains. If it is mixed with resin and made sticky, the adhesive obtained is extremely flexible, due to the long length and mobility of the polymer chains.
- Such adhesives employ solvent-borne natural rubber, in which rubber obtained by centrifuging natural rubber latex is masticated and applied to a backing material from a solvent solution.
- Japanese patent, JP 11-172212 (1999), suggests that an adhesive comprising synthetic rubber latex, natural rubber latex, and an ethylene-vinyl acetate-acrylate copolymer emulsion provide good anchorage. Several technological developments in improving anchorage have been noticed in the patents filed, in the recent past.
- The compounded resins, type of rubber used, and other ingredients determine the performance of the natural rubber adhesive. In general, natural rubber properties offer many advantages in pressure-sensitive tape applications.
- Owing to its unique properties, natural rubber may witness the highest growth over the forecast period.
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Asia-Pacific to Dominate the Market
The Asia-Pacific region dominated the global market share in 2018. The market is majorly driven by the availability of low labor at low cost, low raw material prices, and the growing urban population in the region, in addition to a large number of automotive manufacturing plants. The Government of China is planning to introduce more than one million electric vehicles by 2020, which is expected to drive the market for automotive adhesive tapes in the country. All the aforementioned factors, in turn, may boost the demand for automotive adhesive tapes in the Asia-Pacific region, during the forecast period.
Key Takeaways from this Report
Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries Asia - Pacificly for the market.
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