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Jun 30, 2020 5:54 AM ET

Automotive Tapes Market Trends in 2020, Size, Share, Industry Growth Impact, Key Drivers and Forecast to 2026 | Fortune Business Insights™




iCrowd Newswire - Jun 30, 2020

Automotive Tapes Market Size, Share & Industry Analysis, By Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Regional Forecast, 2019-2026

The globalautomotive tapes marketsize is projected to reach $6.40 billion by 2026. The increasing applications of the product will fuel its demand across diverse industries. According to a report published by Fortune Business Insights, titled“Automotive Tapes Market Size, Share and Global Trend by Type (Specialty, Double-sided, Masking, Others), By Function (Bonding, Masking, Noise, vibration, and harshness {NVH}, Others), By Application (Interior, Exterior, Wire Harnessing, Others) and Geography Forecast till 2026,”the market was worth USD 5.17 billion in 2018 and will exhibit a CAGR of 3.16% during the forecast period, 2019-2026.

 

Automotive tapes are widely used across the automotive industry. The increasing emphasis on the development of sustainable and durable tapes has derived huge investments from manufacturers across the world. This has caught the eye of companies from other industries, as well, and has encouraged them to deviate from their core strategies and invest in automotive tapes.

 

The increasing emphasis on product RandD has yielded a few exceptional products in recent years and has attracted attention from consumers across the world. Variations in product offerings have allowed widespread applications, subsequently aiding the growth of the market. The healthy market competition has encouraged competitors to adopt newer strategies. Altogether, these factors will have a positive impact on the growth of the market in the coming years.

 

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List of the best companies that are operating in the global automotive tapes market are:

 

 

 

 

 

 

 

 

 

 

 

 

 

Increasing Number of Company Mergers Will Aid Market Growth

 

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing company mergers and collaborations have made a massive impact on the growth of the market.

 

In August 2019, Bostik announced that it plans to acquire Prochimir. Through this acquisition, the company plans to expand its thermos-bonding solutions. Considering the massive global reach of both of these companies, the collaboration will have a huge impact, not just on their businesses, but also on the global market. The report includes a few of the major company collaborations of recent times and gauges their impact on the growth of the market.

 

Browse Detailed Summary of This Research Report with Major TOC:https://www.fortunebusinessinsights.com/toc/automotive-tapes-market-102417

 

Asia Pacific to Emerge Dominant; Increasing Disposable Income in Major Countries to Aid Growth

 

The report analyzes the ongoing automotive tapes market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific currently holds the largest market share. The increasing disposable income in emerging countries such as India and China will emerge in favor of market growth.

 

Besides Asia Pacific, the market in North America will also witness considerable growth. As of 2018, the market in North America was worth USD 726.99 million and this value is projected to increase further in the coming years.

 

Industry Developments:

 

August 2019 –Toray Advanced Composites signed an agreement with BASF SE for manufacturing and supply of continuous fibre-reinforced thermoplastic (CFRT) tapes.

 

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About Us:

 

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

 

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

 

Contact Us:Fortune Business Insights™ Pvt. Ltd.308, Supreme Headquarters,Survey No. 36, Baner,Pune-Bangalore Highway,Pune – 411045, Maharashtra, India.Phone:US :+1 424 253 0390UK : +44 2071 939123APAC : +91 744 740 1245Email:[email protected]Fortune Business Insights™Linkedin|Twitter|BLogs

 

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Automotive Tapes Market Trends in 2020, Size, Share, Industry Growth Impact, Key Drivers and Forecast to 2026 | Fortune Business Insightsâ„¢








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