Automotive Adhesive Tape Market Analysis By Growth,
Emerging Trends and Future Opportunities Till 2024
The global market of automotive adhesive tape accounted for... moreAutomotive Adhesive Tape Market Analysis By Growth,
Emerging Trends and Future Opportunities Till 2024
The global market of automotive adhesive tape accounted for USD
7.2 Billion in 2016 and is expected to reach USD 11.91 Billion by 2024.
Further, the automotive adhesive tape market is anticipated t0 witness a
compound annual growth rate of 5.27 % over the period 2017-2024. Rapid growth
of automobile industry is the major growth driver behind the expansion of
automotive adhesive tape market. Additionally, the growth of lightweight
vehicles has replaced the conventional mechanical fasteners with
economical automotive adhesive tapes which are
further expected to drive the growth of the market during the forecast period.
The Automotive
Adhesive Tape Market has been segmented by types into polyester tapes,
polypropylene tapes, paper tape, polyvinyl chloride tapes, foam tapes and cloth
tapes, out of which, polyvinyl chloride tapes held the highest market share in
terms of revenue in... less