Press release
Automotive Tape Market 2021 Industry Emerging Trend, Top Players, Revenue Insights to 2027 |3M Corporate (USA), Sumitomo Wiring Systems, Ltd. (Japan), Kyungshin Corporation (Korea)
The Global Automotive Tape Market from 2021 to 2027 study investigated by Market Intelligence Data examines the market in depth, emphasising data on many areas such as drivers, constraints, opportunities, threats, and worldwide markets, covering development trends, competitive landscape analysis, and key region expansion status. This report is a comprehensive numerical analysis of the Automotive Tape industry that provides data for developing strategies to boost market growth. Automotive Tape identifies key elements of the market in light of current industry, market requests, business methodologies used by Automotive Tape Market players, and future prospects from various angles.The research report examines the Automotive Tape market utilising several techniques and analysis in order to offer reliable and in-depth market information. It is broken into many segments to cover various elements of the market for a better understanding. The goal of this study is to help consumers gain a more thorough, better, and clearer understanding of the industry.
Automotive Tape market is expected to register a CAGR of 8.45 % during the forecast period 2021-2027
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The Automotive Tape major players include:
3M Corporate (USA), Sumitomo Wiring Systems, Ltd. (Japan), Kyungshin Corporation (Korea), Ahlstrom-Munksjo Group (Head Office) (Sweden)
INDUSTRY NEWS
3M has acquired 80 companies, including 5 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 19 assets.
3M’s largest acquisition to date was in 2019, when it acquired Acelity for $6.7B. It’s largest disclosed sale occurred in 2019, when it sold Kindeva Drug Delivery to Altaris Capital Partners for $650M. 3M has acquired in 22 different US states, and 17 countries. The Company’s most targeted sectors include manufacturing (25%) and medical products (18%).
Automotive Tape is divided into four categories: firm, geography, type, and application. Players, stakeholders, and other players in the worldwide Automotive Tape will gain an advantage by utilising the report as a valuable resource.
Type segment covers:
Passenger Cars
Commercial Vehicles
Application segment covers:
Electrical Tape
Masking Tape
Double-Sided Tape
Self-Vulcanizing Tape
Others
Regions covered in the report are:
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
REGIONAL ANALYSIS
Asia-Pacific to Dominate the Market
Asia-Pacific region dominated the global market share.
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 many automotive manufacturing plants.
Currently, many OEM manufacturers are introducing hybrid body structures, which incorporate plastic and composite materials in combination with traditional steel and light alloy components.
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The major Automotive Tape market reports of:
– Detailed overview of Automotive Tape Market
– Changing Automotive Tape market dynamics in the industry – In-depth market segmentation by type, application, etc.
– Historical, current and projected Automotive Tape market size in terms of size and value
– Recent industry trends and developments
– Competitive landscape of Automotive Tape Market
– Key players and product offering strategies
– Potential and niche sectors/regions showing promising growth.
The research makes a fantastic endeavour to uncover important opportunities accessible in the worldwide Automotive Tape to assist businesses achieve a strong market position, with industry-standard precision in analysis and excellent data integrity. Buyers of the research will get access to validated and trustworthy market predictions, for the worldwide Automotive Tape in terms of revenue.
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