Overview and Scope
Automotive adhesive tape refers to a form of tape made especially for vehicles as they need a special adhesive, the capacity to endure greater temperatures, and the ability to adhere more firmly and for a longer time along a variety of curves and acute angles. It is used to firmly secure items to the bodywork of vehicles.
Sizing and Forecast
The automotive adhesive tapes market size has grown strongly in recent years. It will grow from $4.94 billion in 2023 to $5.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to increased vehicle production, regulatory compliance and safety standards, shift towards lightweight materials, cost efficiency and process streamlining, improved durability and weather resistance .
The automotive adhesive tapes market size is expected to see strong growth in the next few years. It will grow to $6.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to electric vehicle (ev) adoption, rise in autonomous vehicles, continued lightweighting efforts, globalization and emerging markets. Major trends in the forecast period include bio-based and recyclable adhesives, smart adhesive technologies, flexible and conformable adhesive solutions, increased focus on safety and crash resistance, predictive maintenance solutions.
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Segmentation & Regional Insights
The automotive adhesive tapes market covered in this report is segmented –
1) By Product: Double-Sided Tapes, Masking Tapes, Reinforced Tapes, Specialty Tapes
2) By Adhesive Type: Acrylic, Silicone, Rubber, Other Adhesive Types
3) By Backing Material: Polypropylene (PP), Polyvinylchloride (PVC), Paper, Other Backing Materials
4) By Technology: Water-Based, Solvent-Based, Hot-Melt-Based
5) By Application: Wire Harnessing, Powertrain, Acoustic Insulation, Interior Attachment, Exterior Attachment, Electronics, Chassis And Wheels
Asia-Pacific was the largest region in the automotive adhesive tapes market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automotive adhesive tapes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rising trend of electric vehicles is expected to boost the growth of the automotive adhesive tapes market going forward. An electric vehicle (EV) refers to a vehicle that can move forward using an electric motor that draws power from a battery and can be externally charged. Automotive adhesive tape is used to permanently bind battery cells and insulate electrical components in the batteries of electric vehicles; hence the rising trend of electric vehicles is expected to boost the automotive adhesive tapes market. For instance, according to a report published by the International Energy Agency, a France-based inter-governmental organization, in 2021, sales of electronic vehicles doubled, compared to 2020, with a record of 6.6 million. In 2022, 2 million electric cars were sold in the first quarter, 75% more than the Q1 2021. Therefore, the rising trend of electric vehicles is driving the growth of the automotive adhesive tapes market.
Key Industry Players
Major companies operating in the automotive adhesive tapes market report are Saint-Gobain, 3M, Henkel AG & Co. KGaA, PPG Industries Ohio Inc., Berry Global Inc., Sika Services AG, Avery Dennison Corporation, DIC Corporation, Nitto Denko Corporation, Lintec Corporation, Tesa SE, ORAFOL Europe GmbH, Lohmann GmbH & Co. KG, ThreeBond Holdings Co. Ltd., Shurtape Technologies LLC, Scapa Group, Coroplast Tape Corporation, MACtac, HALCO, American Biltrite Inc., L&L Products Inc., PPM Industries Group, Adhesives Research Inc., JBC Technologies Inc., Advance Tapes International Ltd., ATP Adhesive Systems AG, Adhesive Specialties, Ajit Industries Private Limited, Presto Tape, NADCO Tapes & Labels Inc.
The automotive adhesive tapes market report table of contents includes:
1. Executive Summary
2. Automotive Adhesive Tapes Market Characteristics
3. Automotive Adhesive Tapes Market Trends And Strategies
4. Automotive Adhesive Tapes Market – Macro Economic Scenario
5. Global Automotive Adhesive Tapes Market Size and Growth
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31. Automotive Adhesive Tapes Market Other Major And Innovative Companies
32. Global Automotive Adhesive Tapes Market Competitive Benchmarking
33. Global Automotive Adhesive Tapes Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Adhesive Tapes Market
35. Automotive Adhesive Tapes Market Future Outlook and Potential Analysis
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