Market Research Report
Automotive Adhesive Tapes Market Size, Share & Trends Analysis Report By Product (Double-sided, Specialty), By Function, By Application (Interior, Exterior), By Vehicle Type, And Segment Forecasts, 2019 - 2025
|Published by||Grand View Research, Inc.||Product code||818732|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Automotive Adhesive Tapes Market Size, Share & Trends Analysis Report By Product (Double-sided, Specialty), By Function, By Application (Interior, Exterior), By Vehicle Type, And Segment Forecasts, 2019 - 2025|
|Published: March 26, 2019||Content info: 120 Pages||
The global automotive adhesive tapes market size is expected to reach USD 7.1 billion by 2025; progressing at a CAGR of 4.5% over the forecast period, according to a new report by Grand View Research, Inc. Rising substitution of metal fasteners in automobile design backed by growing emphasis on aesthetics is expected to positively impact the growth.
Increasing usage in bonding, moldings, garnishes, emblem, and bumpers is expected to propel the overall market growth over the forecast period. In addition, superior adhesion and impact dampening properties of automotive adhesive tapes are expected to boost its demand over the forecast period.
Development of reinforced tapes, coupled with rising adoption in the automotive industry for OEM and aftermarket applications, is likely to drive the automotive adhesive tapes market over the next few years. In addition, growing focus on development of lightweight and fuel-efficient vehicles is expected to boost the product demand.
Growth in the usage of silicon-based resins as binder or modifier in coating formulations to impart additional stability is expected to benefit the market expansion. In addition, rising efforts to develop bio-degradable pressure sensitive products for automotive applications are expected to positively impact the growth.
Superior performance characteristics exhibited by tapes such as no residual adhesive marks for the area covered under the product as well as adhesion of non-uniform surfaces are likely to augment the product demand. These tapes are suitable for applications that are subjected to high curing temperatures.
Major companies in the automotive adhesive tapes market lay emphasis on the development of advanced products with superior aesthetics and eco-friendly properties to gain competitive edge.