Automotive Adhesive Tapes Market to Surge to USD 10.5 Billion by 2026
According to the report, The global Automotive Adhesive Tapes market in 2019 was approximately USD 7.1 Billion. The market is expected to grow at a CAGR of 5.8% and is anticipated to reach around USD 10.5 Billion by 2026.
Automotive adhesive tape is a thin plastic-coated adhesive strip that is used to attach, paint and paste the parts together. These tapes also serve the function of bolt and weld lamination in the automotive industry.
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The automotive adhesive tapes market research report delivers an acute valuation and taxonomy of the Automotive Adhesive Tapes industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the Automotive Adhesive Tapes industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Automotive Adhesive Tapes industry is provided for the leading economies of the world.
The automotive adhesive tapes market is segmented based on product, backing material, and application. On the basis of product segmentation, the market is classified into double-sided tapes, masking tapes, reinforced tapes, and specialty tapes. In terms of application segmentation, the market is bifurcated into interior, and exterior. The backing material has been segmented based on the polypropylene, paper, and polyvinyl chloride.
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Some of the essential players operating in the automotive adhesive tapes market , but not restricted to include 3M Company, Nitto Denko Corporation, Tesa SE, Avery Dennison Corporation, Henkel AG & Company KGaA, Sika,, Automotive AG, L&L Products Inc., Dow Automotive, PPG Industries, and EMS-EFTEC AG.
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