Automotive Adhesive Tapes Market To Expand Industry Growth At USD 4.73 Billion By 2028


 San Francisco, 12 Oct 2021: The Report Automotive Adhesive Tapes Market Size, Share & Trends Analysis Report By Application (Powertrain, Interior Attachment), By Adhesive Chemistry (Solvent, Emulsion), By Region (North America, Europe), And Segment Forecasts, 2020 - 2028

The global automotive adhesive tapes market size is expected to reach USD 4.73 billion by 2028, registering a CAGR of 7.3% over the forecast period, according to a new report by Grand View Research, Inc. Growing usage of advanced functional materials to improve aesthetics, reduce weight, and enhance the performance of vehicles is expected to drive the market growth.

Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the product demand. In addition, the increasing focus of manufacturers on the development of lightweight vehicles will augment the product demand.

The global automotive market is witnessing switching trends with growing popularity and demand for Electric Vehicles (EVs). Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe, which, in turn, is expected to drive the product demand.

Access Research Report of Automotive Adhesive Tapes Market @ https://www.grandviewresearch.com/industry-analysis/automotive-adhesive-tapes-market

Automotive Adhesive Tapes Market Report Highlights

  • The interior attachment application segment accounted for the largest revenue share in 2020 owing to high demand for vehicles with improved aesthetics
  • Emulsion-based adhesive tapes are expected to witness the fastest CAGR on account of the wide usage of these products in permanent application in car exteriors
  • The powertrain application segment is expected to witness the fastest growth on account of the rising product penetration in electric and hybrid vehicle powertrains
  • Europe dominated the global market, in terms of revenue share, in 2020 owing to the high per vehicle content of tapes in the European automotive car models
  • Key market players focus on improving the product application scope in niche areas, such as powertrains and battery compartments, which is expected to drive the industry growth

List of Key Players of Automotive Adhesive Tapes Market

  • L&L Products, Inc.
  • Sika Automotive AG
  • The 3M Company
  • Nitto Denko Corp.
  • Lida Industry Co, Ltd.
  • ThreeBond Co., Ltd.
  • PPG Industries
  • ABI Tape Products
  • Adchem Corporation
  • Avery Dennison Corp.
  • Saint Gobain
  • Berry Plastics
  • tesa SE
  • Lintec Corp.

Access Press Release of Automotive Adhesive Tapes Market @ https://www.grandviewresearch.com/press-release/global-automotive-adhesive-tapes-market

 

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