Automotive Adhesive Tapes Market to Witness Robust Growth by 2026

The report on the Automotive Adhesive Tapes Market has been launched by Stratview Research is an all-inclusive report that talks about the market structure and growth in the forecast period of 2022-2027. The report also offers insights into different market segments and other factors affecting the market.

Report Forecast:

Automotive Adhesive Tapes Market , a sizeable market, experienced a significant decline due to such trends during the pandemic, which was closely aligned with the decline in the production of automobiles. But as consumer confidence rose in 2021, the industry is gradually making a comeback. Furthermore, the market for tapes is anticipated to be driven by the quick replacement of nut and bolt fasteners to reduce vehicle weight and improve aesthetics over the forecast period. The installation of specialised components as a result of technological advancements and performance improvements in cars is expected to positively influence the automotive tapes market. Overall, the automotive adhesive tapes market is likely to rebound at a promising CAGR of 6.0% over the coming five years. 

The market's growth is influenced by a number of factors that have a significant or indirect impact on demand. An overview of such factors can be found in our report, which is derived utilizing SWOT analysis, industry life cycle, and supply chain analysis. Such key information can help market participants and investors identify the low-hanging fruits in the market and establish strategic initiatives to accelerate their growth.

COVID-19 IMPACT on the Market-

The COVID-19 pandemic has influenced almost all industries, little or large, dealing in any sector.

The growth curves of the Automotive Adhesive Tapes Market have witnessed an enormous ebb and flow in the year 2022. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2023 is probably going to be superior to 2022 for the Automotive Adhesive Tapes Market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.

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The Cornerstones in the market-

The following are the key players in the automotive adhesive tapes market.

• L&L Products, Inc.
• Sika Automotive AG
• The 3M Company
• Specialty Pulp Manufacturing, Inc (SPMI)
• Nitto Denko Corporation
• Lida Industry Co, Ltd.
• ThreeBond Co., Ltd.
• PPG Industries
• ABI Tape Products
• Adchem Corporation

Automotive adhesive tapes market Segmentation:

The report segments based on demographics, geographics, benefits, volume, etc, have different leading factors and identify the most attractive segments and sub-segments. Market segmentation will not only help marketers to be more efficient in terms of time, money, and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that lead to a roadmap to success.

The Automotive adhesive tapes market is segmented into the following categories-

By Application Type

The automotive adhesive tapes market is segmented as wire harnessing, power train, acoustic insulation, interior attachment, exterior attachment, electronics, and chassis & wheels. Interior attachment is expected to remain the biggest demand generator for automotive adhesive tapes in the market during the forecast period. This growth is attributed to the rising demand for high-end vehicles with an improved interior design and improved driving dynamics, which is expected to lead to an increase in the number of interior fittings. The high adhesive strength of the tape combined with the superior attachment of various materials is anticipated to fuel the demand for adhesive tapes in interior applications. The mounting of rubber and plastic profiles in the interior of the car, the attachment of foam and fabric to the instrument panel, the wrapping of the steering wheel, the airbag wrapping and securing, and the mounting of seat heating elements are among the various applications of adhesive tapes in automotive interior. 

By Adhesive Chemistry Type

The market is segmented as solvent-based adhesives, emulsion-based adhesives, hot melt adhesives and radiation adhesives. Solvent-based chemistry is expected to remain the dominant chemistry type for automotive adhesive tapes during the forecast period. Increasing adoption of this chemistry by automotive OEMs coupled with its superior adhesion properties would drive the growth of the product in the market. High-performance solvent-based adhesives with superior bonding are typically used in these tapes. Solvent acrylic tapes are recognized for automotive applications that require longevity and durability. Moreover, the demand for adhesive technology in automotive tapes has been supported by improved performance such as better resistance to chemicals, heat, and water. 

Regional Analysis

Europe is expected to remain the largest market for automotive adhesive tapes during the forecast period. Increased production of EV/HEV segment vehicles, which have higher adhesive tape penetration, and the high per vehicle tape content in the European brand automotive drive the region’s dominance in the market. There are many well-known players operating across the growing regional market. In the region, there are more than 300 manufacturing plants producing cars and trucks. These companies are making significant investments in R&D to advance the segments of hybrid and electric vehicles. Furthermore, it is anticipated that the penetration of tapes and adhesives will increase with the installation of lightweight components for lowering fuel consumption in automobiles.

The Asia-Pacific region is estimated to grow at the fastest rate in the market during the forecasted period. Initiatives taken by the governments of the region's emerging economies to attract major OEMs for EV production for the domestic market will drive the market growth in the coming years. 

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• Company Profiling
• Detailed profiling of key market players (up to 3 players)
• SWOT analysis of key market players (up to 3 players)

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Explosive Trace Detection Market to grow at a steady pace by 2028

March 09, 2023/IndustryNewsGlobal/ -- The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Explosive Trace Detection Market.

Explosive Trace Detection Market report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

Explosive Trace Detection Market:

The explosive trace detection market was estimated at US$ 1.3 billion in 2021 and is expected to grow at a CAGR of 10.7% during 2022-2028 to reach US$ ~4.9 billion in 2028. Explosives Trace Detectors (ETDs) are pieces of explosive detection equipment that can identify explosives in trace amounts. The location that has to be discovered is honed by looking at "trace" amounts of invisible particles. ETDs and other tools are also used to identify drugs. The equipment is mostly used in airports, important locations, and helpless areas that are seen to be vulnerable to terrorist assaults.

Segment Analysis

Chemiluminescence (CL), ion mobility spectrometry (IMS), mass spectrometry (MS), thermo-redox, surface acoustic wave (SAW), chemical reagents, and ultraviolet fluorescence are the technological segments of the worldwide explosive trace detection (ETD) market. Due to the moderate pricing, the ion mobility spectrometry (IMS) market is anticipated to increase significantly throughout the projection period. Furthermore, these systems can function in natural settings. The ion mobility spectrometry (IMS) devices can also be used for swipe (particulate) and/or vapor detection.

Growing Attention on Increasing Safety and Security Levels to Drive Commercial Segment Demand The commercial and military & defense segments of the worldwide explosive trace detection (ETD) market have been established based on application. Due to the increasing emphasis on boosting safety and security standards at locations including airports, railway stations, ports, retail markets, hospitals, and others, the commercial segment is predicted to have significant expansion in the next years.

North America has had rapid expansion in the market for explosive trace detection (ETD) systems over the past ten years, and it is anticipated that it will maintain its leadership position during the forecast period. Due to the US's high military expenditure, the US has been solely responsible for the explosive trace detection (ETD) systems market's booming expansion in North America. The US has historically and currently had the highest military spending and income levels worldwide. In addition to being the greatest military spender in the world, the nation is also home to the top producers and contractors of explosive trace detection (ETD) systems, making it the largest market for these devices.

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Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Explosive Trace Detection Market analysis report discusses the following heads in great detail:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• COVID-19 Impact Assessment
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

About Stratview Research

Stratview Research is a trusted brand globally, providing high quality research and strategic insights that help companies worldwide in effective decision making. It is a global market intelligence firm providing a wide range of services including syndicated market reports, custom research, and sourcing intelligence across industries, such as Advanced Materials, Aerospace & Defense, Automotive & Mass Transportation, Consumer Goods, Construction & Equipment, Electronics and Semiconductors, Energy & Utility, Healthcare & Life Sciences, and Oil & Gas.

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Brain Health Supplements Market to experience growth by 2028

March 09, 2023/Industry News Global/ -- This new report from Stratview Research analyses the Brain Health Supplements Market over the forecast period from 2022 to 2028. The insights of the report shall enable informed decision-making and strategy formulation for the near future to capitalize on the opportunities.

Brain Health Supplements Market Overview:

The brain health supplements market was estimated at US$ 8.23 billion in 2021 and is expected to grow at a CAGR of 8% during 2022-2028 to reach US$ ~17.40 billion in 2028.

Drivers

The following are the major players in the brain health supplements market:

• AlternaScript
• HVMN Inc.
• Intelligent Labs
• Natural Factors Nutritional Products Ltd.
• NOW Foods
• Onnit Labs, Inc.
• Peak Nootropics
• Purelife Bioscience Co., Ltd.
• Reckitt Benckiser Group plc.
• Teva Pharmaceutical Industries Ltd.

Manufacturers have been concentrating on creating a range of supplements that are specifically aimed at athletes who place an emphasis on improving their performance and preserving their composure. Over the following few years, this is anticipated to increase demand for supplements supporting brain health.

Segment Analysis

The market is segmented based on supplement type, product, age group, application, distribution channel, and geography. On the basis of supplement type, the segment is divided into tablets, capsules, others.

On the basis of product, the segment is divided into natural molecules, herbal extract, vitamins and minerals. In terms of global revenue for 2021, the natural molecule sector held the biggest market share and is predicted to continue to dominate. This market's expansion is anticipated to be aided by the growing preference for brain supplements manufactured from natural ingredients over synthetic ones. Companies are also emphasising the use of natural ingredients in their products.

Based on age group, the market is segmented into children, adults, elderly.

On the basis of application, the market is segmented into memory enhancement, attention and focus, depression and mood, sleep and recovery, anti-aging and longevity, stress & anxiety. In terms of global revenue in 2021, the memory improvement sector held the biggest market share and is predicted to continue to dominate. The millennial generation is engaging in a variety of activities outside of their primary occupation, such as adventure sports, social events, and part-time work, which needs them to be intellectually awake throughout the day. Therefore, it is anticipated that changing consumer habits will increase demand for these goods. A survey from the Organization for Economic Cooperation and Development indicates that part-time employment is becoming more prevalent in nations like Germany, Italy, France, and Austria. Over the projection period, the shift in consumer lifestyle is anticipated to increase demand for memory-boosting supplements.

Based on distribution channel, the market is divided into supermarkets & hypermarkets, drug stores, online stores, and others.

The brain health supplements market is broken down geographically into areas like North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2021, North America contributed most to the market. The demand for the product in North America is being driven by consumers' increased concerns about their mental health. Nearly 75% of U.S. adults consume dietary supplements that contain vitamins, minerals, and herbal ingredients to enhance brain health, energy, and performance, according to statistics released by the U.S. National Library of Medicine in April 2020. These trends are probably going to accelerate the market expansion in the nation. In America, loneliness and uncertainty about the future are major stressors for adolescents and young adults, according to data published by the American Psychological Association in October 2020, which is expected to lead an increase in the number of adults to use brain health supplements for the right kind of treatment.

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