DUBLIN--(BUSINESS WIRE )--The "Automotive Adhesive Tapes Market Size, Share & Trends Analysis Report By Application (Powertrain, Electronics), By Adhesive Chemistry (Solvent, Emulsion, Radiation), By Region, And Segment Forecasts, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
Automotive Adhesive Tapes Market Growth & Trends
The global automotive adhesive tapes market size is expected to reach USD 5.5 billion by 2030, according to a new report. The market is expected to expand at a CAGR of 6.5% from 2022 to 2030. Growing usage of advanced functional materials to improve aesthetics, reduce weight and enhance performance of the vehicles is expected to drive the market.
There has been a positive outlook in the automotive sector across the developed markets such as the U.S. to developing markets such as India. Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the automotive tapes market.
The market is witnessing switching trends with growing popularity and demand for electric vehicles. Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe, which in turn is expected to drive the penetration for automotive adhesive tapes.
Automotive Adhesive Tapes Market Report Highlights
Chapter 3. Market Variables, Trends, and Scope
Chapter 4. Automotive Adhesive Tapes Market: Application Estimates & Trend Analysis
Chapter 5. Automotive Adhesive Tapes Market: Adhesive Chemistry Estimates & Trend Analysis
Chapter 6. Automotive Adhesive Tapes Market: Regional Estimates & Trend Analysis
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900