Automotive Lightweighting to Provide Opportunities for Thermoplastic Tapes
Thermoplastic tape market players are working to capitalize on the evolving automotive industry, where lightweight components have been gaining significant momentum to enhance fuel efficiency and achieve low-carbon emissions.
The global thermoplastic tape market is expected to witness substantial growth from 2019-2029, according to a report from Future Market Insights. The low cost and effective performance of thermoplastic tapes in the manufacture of automotive components are expected to drive market growth in the coming years.
Thermoplastic tape market players are working to capitalize on the evolving automotive industry, where lightweight components have been gaining significant momentum to enhance fuel efficiency and achieve low-carbon emissions. Thermoplastic tapes can also be used to enhance the visual appearance of automotive parts. In addition, the diversification in usage and consumption of thermoplastic tape in end-use sectors such as aerospace and building and construction are likely to drive market growth in the next 10 years.