208 Pages Report on global automotive adhesive tapes market is estimated to have accounted for USD 5.4 Billion in 2014, and is projected to reach USD 7.5 Billion by 2020, at a CAGR of 5.1% between 2015 and 2020.

The automotive adhesive tape market will increasingly use hot melt adhesives due to the associated advantages, such as lower production costs, low energy requirements and considerable reduction in investment associated to conversion from solvent to hot melt. In the backing material category, more environmentally friendly products are in trend due to regulatory reasons. Niche applications such as foam, non-woven, and cloth tapes are witnessing faster-growth in the automotive adhesive tapes market due to their high performance. Due to light weight revolution in the automotive industry, trend towards using lightweight materials and down-gauging product specifications is on the rise.

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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.

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An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. Some of the major market players in this market are 3M Company (U.S.), Nitto Denko Corporation (Japan), Tesa SE (Germany), Avery Dennison Corporation (U.S.), Henkel AG & Company KGaA (Germany), Intertape Polymer Group (Canada), Lintec Corporation (Japan), Shurtape Technologies, Llc. (Canada), Scapa Group Plc (U.K.), and Lohmann GmbH & Co.KG (Germany), and so on.

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