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Global Automotive Adhesive Tape Market Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2029

09-02-2020 12:56 PM CET | Logistics & Transport

Press release from: Prophecy Market Insights

Prophecy Market Insights

Prophecy Market Insights

The report "Global Automotive Adhesive Tape Market, By Material Type (Polyester, Polypropylene, Paper, Polyvinyl Chloride, and Other Materials), By Adhesive Type (Acrylic, Natural Rubber, Butyl, and Other Adhesive Types), and Region - Global Forecast to 2023". Global automotive adhesive tape market is projected to grow to US$ 6.5 billion by 2023. Rising demand for lightweight and economical automobiles is expected to be an important factor for the growth of automotive adhesive tape 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. High-performance adhesive tapes for advanced applications is projected to act as an opportunity for the market in future.

Key Highlights:

In June 2018, 3M Introduces Elastic Blend Nonwoven Tape for Improved Conformability, Skin Breathability.

Download sample copy of this report - https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3948

Key Market Insights from the report:

The global automotive adhesive tape market accounted for US$ 6.5 billion by 2023 and is projected to register a moderate CAGR of 4.90% over the forecast period. The market report has been segmented on the material type, adhesive type, and region.

By Material Type, the global automotive adhesive tape market is segmented into Polyester, Polypropylene, Paper, Polyvinyl Chloride, and Other Materials.
By Adhesive type, the natural rubber is going to dominate in this segment, Owing to its unique properties.
By Region, Asia-Pacific is projected to lead the global automotive adhesive tape market and is expected to remain dominant during the forecast period, owing to the rising demand for automobiles in the region.

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Key Players

The prominent player operating in the global automotive adhesive Tape market includes 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Scapa Group PLC, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd.

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Mr Alex (Sales Manager)
Prophecy Market Insights
Phone: +1 860 531 2701
Email: sales@prophecymarketinsights.com

About Prophecy Market Insights

Prophecy Market Insights is specialized in market research, analytics, marketing/business strategy, and solution development which offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

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