DUBLIN, Dec. 17, 2015 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/6mgmbw/automotive) has announced the addition of the "Automotive Adhesive Tapes Market - Global Forecast to 2020" report to their offering.
The global automotive adhesive tape market was valued at USD 5.4 Billion in 2014 and is expected to register a CAGR of 5.1% between 2015 and 2020. The market is projected grow due to the shift in preference toward solvent-free adhesive tapes, high demand for automotive adhesive tapes from the Asia-Pacific region, and technological advancements in end-use industries.
Among, applications the most consumption of automotive adhesive tapes is in interior segment. It is also the fastest-growing application. Automotive adhesive tapes are widely substituting other fastening products due to the associated economic and environmental advantages with automotive adhesive tapes. These tapes are widely used in automobile parts for various applications, such as, wire harness, part mounting, NVH, labelling, and more. Such tapes are replacing other fastening products in the automotive industry due to their unique designs and properties to address challenges of the respective industry.
To address the safety parameters in the automotive industry, wide range types of adhesive tape with different backing materials are available in the marketplace. PVC is the major backing material for adhesive tapes used in the automotive industry, as it caters to some of the largest applications in an automotive, such as, wire harnessing, UV resistance, electrical insulation, device shielding, and also for decorative applications. Paper backing material is the fastest-growing type of backing material. It is growing with an increase in consumption in Asia-Pacific.
Asia-Pacific accounted for the largest share in the global automotive adhesive tapes market in 2014 and is expected to continue doing so during the forecast period. It is also the fastest-growing market during the forecast period, at the rate of 5.9% CAGR in terms of value. The high industrialization, and growing economy and increasing population are the main reason for this growth. Many global players are entering into the region due to cheap labor, easily available raw material, favorable governmental rules and regulations, and so on.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Automotive Adhesive Tapes Market, By Backing Material
8 Automotive Adhesive Tapes Market, By Application
9 Automotive Adhesive Tapes Market, By Region
10 Competitive Landscape
11 Company Profiles
Companies Mentioned:
For more information visit http://www.researchandmarkets.com/research/6mgmbw/automotive
Media Contact: Laura Wood , +353-1-481-1716, press@researchandmarkets.net
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