Automotive Adhesive Tapes Market: Overview
Expanding utilization of pressing factor delicate items in the developing automotive industry is relied upon to be one of the essential variables driving the development. As these tapes give amazing holding/joining to various substrates utilized in lightweight vehicles, automotive adhesive tapes are assessed to turn into a critical part of the fate of the automotive business.
The global automotive adhesive tapes market is classified based on adhesive type, backing material, application, and region. In terms of adhesive type, the market is grouped into rubber, silicone, acrylic, and others. The others segment includes butyl, ethylene-vinyl acetate or EVA, and Polyurethane (PU). Based on backing material, the market is grouped into paper, Polyvinylchloride (PVC), Polypropylene (PP), and others. The others segment is again sub-segmented into an electric vehicle, interior, and exterior.
The report on the global automotive adhesive tapes market is based on an elaborate overview of the market. It moreover ponders the pieces being referred to and sees the once-over of the primary area with factors crediting to its turn of events. The report further provisions the impact of the first COVID19 pandemic on this market and how is it possible that producers would attract earnings for this market during this pandemic situation. The report is prepared to continue on the association site with all of the names of the fundamental players as well.
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Automotive Adhesive Tapes Market: Competitive Analysis
The nature of the global automotive adhesive tapes market is highly competitive on account of the presence of multiple players. Companies operating in this market are either investing in research, development, and production of better adhesive products or entering into collaborations to gain the most of the market, especially during the COVID19 pandemic.
Some of the prominent players of the global automotive adhesive tapes market include:
- Shurtape Technologies
- Lintec Corporation
- Sika AG
- Avery Dennison Corporation
- Lohmann GmbH & Co.KG
- Intertape Polymer Group
- Tesa SE
- L&L Products
- Nitto Denko Corporation
- Henkel AG & Co. KGAA
Automotive Adhesive Tapes Market: Innovations
- Tesa SE extended another plant in Vietnam in May 2020 for the creation of adhesive tapes for the Asian market, which will begin in 2023. This will empower the Tesa gathering to fortify its essence in Asia and essentially increment its abilities.
- 3M dispatched 2480 3M Hi-Tack silicone adhesive tapes in December 2020. The items give sheer execution, more grounded attachment, and longer-wear time.
Automotive Adhesive Tapes Market: Trends and Opportunities
With the expanding worldwide worry on environmental change and energy security, auto producers are confronting expanding strain to further develop eco-friendliness on their armada. Car producers are going to aluminum and composite materials as a structure stage for vehicles. Both aluminum and composite materials are more costly than steel. In this manner, the car business is likewise taking a gander at regions where they can utilize adhesive tapes rather than bolts and dashes to decrease costs. Underlying adhesive tapes are designed for multi-material holding and joining and are an astounding adhesive answer for lightweight and superior plans.
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Automotive Adhesive Tapes Market: Regional Analysis
Geographically, the global automotive adhesive tapes market was dominated by the Asia Pacific on account of the increasing initiatives taken by the government of developing nations. There is a high demand from nations such as India China, and Japan. The legislatures of these arising economies have perceived the development capability of the electric vehicles market and, henceforth, taken various drives to draw in major OEMs to make electric vehicles for homegrown business sectors. Such factors are further expected to help this region continue dominating the market in the coming years.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.