Automotive Labels Market to be Worth 7.30 Billion USD by 2020


Posted May 10, 2019 by armaan007

Automotive Labels Market expected to be worth 7.30 Billion USD by 2020, at a CAGR of 4.93%, from 2015–2020

 
[340 Pages Report] The Automotive Labels Market is estimated to grow from USD 5.74 Billion in 2015 to reach USD 7.30 Billion by 2020, at an estimated CAGR of 4.93%. The segments considered for this report are based on type, raw material, mechanism, printing technology, identification technology, application, and region. On the basis of type, asset labels held the largest market share, in terms of value, while warning & safety labels were the most widely used labels, in terms of volume, in the automotive labels industry. The identification technology includes barcode, RFID, hologram, and others. The barcode identification technology segment accounted for the largest share in the market, in terms of both volume and value, among all identification technologies. The market is also segmented on the basis of mechanism into pressure-sensitive, glue-applied, in-mold, heat transfer, and others.

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The market for exterior labels is projected to play a key role in the automotive labels industry; this segment is projected to grow at the highest rate from 2015 to 2020.

 The market for automotive labels industry is segmented, on the basis of application, into exterior labels, interior labels, engine components, and others. The exterior labels market is estimated to account for the largest share in the automotive labels industry and this trend is projected to follow during the forecast period. Exterior labels are durable, tough, and visually appealing labels as these need to perform exceptionally well in all kinds of environmental conditions such as extreme heat & cold. These are water- and weather-resistant labels.

 Asia-Pacific region is expected to grow at the fastest rate from 2015 to 2022

Increasing growth demand in the automotive industry in line with the compulsory adherence to the automotive labeling laws is the key driver for the growth of the automotive labels market. Growing awareness of sustainable packaging & labeling is another important factor that drives the market for automotive labels.

Among regions, the Asia-Pacific market for automotive labels was the largest in 2014, and is projected to grow at the highest rate, between 2015 and 2020. High growth potential in the emerging Asia-Pacific markets is expected to provide new growth opportunities to players in the automotive labels market. In 2014, Asia-Pacific accounted for the largest share in the global automotive labels market, by volume, with China being the fastest-growing market in this region. In terms of value, this region accounted for 48.6% share of the overall automotive labels market in 2014. Rising demand in the automotive industry in line with focus on adapting latest technologies and manufacturing processes in automotive industry in countries such as Japan, South Korea, and India are making Asia-Pacific the fastest-growing market for automotive labels.

 Polypropylene dominated the automotive labels market in 2014

The automotive labels market is segmented, on the basis of raw material, into poly vinyl chloride (PVC), polypropylene (PP), polyethylene terephthalate (PET), polyethylene (PE), acrylonitrile butadiene styrene (ABS), polyurethane (PU), polycarbonate (PC), and others. Polypropylene held the largest share, in terms of value, in 2014 and projected to grow at the highest CAGR during the review period.

The global automotive labels market ecosystem comprises of automotive labels manufacturers, vendors and service providers such as CCL Industries, Inc. (Canada), H.B. Fuller (U.S.), Avery Dennison Corporation (U.S.), 3M (U.S.), UPM (Finland), and Sika AG (Switzerland). Others include companies such as ImageTek Labels (U.S.), Lewis Labels Products (U.S.), Dunmore (U.S.), and Adhesive Research, Inc. (U.S.).

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Issued By Markets And Markets
Country India
Categories Automotive , Industry
Tags automotive labels , automotive labels applications , automotive labels industry , automotive labels manufacturers , automotive labels market
Last Updated May 10, 2019