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Showing posts with the label Automotive Adhesive Tapes Market Trend

Automotive Adhesive Tapes Market Present Scenario and Growth Prospects till 2024

Rising demand for adhesive tapes in an extensive range of applications including noise, vibration, masking, electrical insulation, wire harnessing, device insulation, surface protection, labeling, auto body repairs, and automotive dash will fuel industry growth over the forecast period. Replacement of fasteners by automotive adhesive tapes coupled with the introduction of new environment-friendly products will propel the market growth. The Global Automotive Adhesive Tapes Market is expected to reach USD11.54 billion by 2024, according to a new report by Grand View Research, Inc. Polyvinyl chloride (PVC) was the largest segment and accounted for 31.4% of the overall volume in 2015 and is expected to witness significant rise on account of superior properties including excellent bonding, high adhesion, water resistant and good adhesion to metals. Increasing demand for lamination, insulation, protection and masking of automotive wires will propel industry expansion over the foreca...