Global Automotive Adhesive Tapes Market – Growth Analysis and Forecast| Technavio

LONDON–(BUSINESS WIRE)–#AdhesiveTapes–The global automotive
adhesive tapes market is expected to grow at a CAGR of close to 6%
during the period 2017-2021, according to a new market research study by Technavio.

The report categorizes the global automotive adhesive tapes market by
product that includes PVC automotive adhesive tapes, Polyester
automotive adhesive tapes, and Polypropylene automotive adhesive tapes.
The report also determines the geographic breakdown of the market in
terms of detailed analysis and impact, which includes key geographies
such as APAC, the Americas, and EMEA.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

Buy 1 Technavio report and get the second for 50% off. Buy 2
Technavio reports and get the third for free.

Market driver: growing use of plastics in automobiles

Plastics are profoundly used in automobiles. Plastics are usually used
in electrical components and interior and exterior furnishings of
automobiles. In the automotive plastics market, the above-mentioned
applications account for more than half of the total consumption. The
other uses of plastic in automobiles are in powertrains, under the hood,
and chassis. Biodegradable plastics that are sourced from crude oil and
derivatives are in demand because of the concern of environmental
sustainability.

According to Kurva Samba Sivudu, a lead analyst at Technavio for additives,
adhesives, and sealants, “The quality of plastics used in
automotive depend upon their properties, functions, and applications to
an extent. Some of the properties considered before using any type of
plastics include lightweight, versatility, and flexibility. All these
types of automotive plastics use adhesive tapes to install them into the
vehicle. Therefore, as the consumption of plastics is increasing in
automobiles, the demand for automotive adhesive tapes across the globe
will increase during the forecast period.”

Looking for more information on this market? Request
a free sample report

Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.

Market trend: shift from mechanical fasteners to automotive adhesive
tapes

Mechanical fasteners are used to join or fasten two or more objects.
These fasteners include nuts and bolts, screws and rivets, and
mechanical interlocks. Traditionally, mechanical fasteners are
considered the strongest and most reliable joining method. But,
automotive manufacturers are slowly shifting their preference toward
adhesive tapes. Adhesive
tapes have proved themselves on their strength and offer a range of
unique characteristics to enhance the reliability and longevity of the
interlock or adhesion. One of the major benefits provided by adhesive
tapes when replaced with mechanical fasteners is that they easily join
and provide long-term attachment among dissimilar substrates.

Market challenge: environment factors affecting adhesive tapes

It is a fact that the use of some chemicals in the manufacturing of
automotive adhesive tapes may affect the environment. Apart from this,
the matter of concern in this market is the other way around as well.
Many environmental changes are affecting the properties of adhesive
tapes. These changes can be fluctuation in the temperature, exposure to
ultraviolet rays, and excess of humidity.

Is your business on track for a successful future? Learn
how Technavio can help

Technavio helps businesses anticipate changes in their marketplace,
make proactive adjustments, and develop effective strategies to optimize
their market positions.

Key vendors in the market

• 3M
• AVERY DENNISON CORPORATION
• H.B. Fuller
• Henkel
• LINTEC Corporation
• NITTO DENKO CORPORATION

The global automotive
adhesive tapes market is highly competitive. Key factors that
influence the competitive edge of the vendors are price, quality, and
the distribution network. Manufacturers use several strategies to
maintain their competitive existence in the market that strengthens and
restructures their activities. They also try to maintain the leading
position by executing new technologies and raising their profit margins.
Various environmental regulations with respect to harmful effects of
automotive adhesive tapes and fluctuations in raw material prices lead
to the complexity of the market.

Get a sample copy of the global
automotive adhesive tapes market report free of cost

Access Technavio’s continuously growing additives,
adhesives, and sealants research library and find expert analysis
on hundreds of markets.

About Technavio

Technavio
is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists
of more than 10,000 reports and counting, covering 800 technologies,
spanning 50 countries. Their client base consists of enterprises of all
sizes, including more than 100 Fortune 500 companies. This growing
client base relies on Technavio’s comprehensive coverage, extensive
research, and actionable market insights to identify opportunities in
existing and potential markets and assess their competitive positions
within changing market scenarios.

If you are interested in more information, please contact our media team
at [email protected].

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US:
+1 844 364 1100
UK: +44 203 893 3200
www.technavio.com