Automotive Adhesive Tapes Market

Automotive adhesive tapes market is predicted to reach at USD 13,698 million by 2028 at a CAGR of 6.4% during the forecast period.

Introduction of the Automotive Adhesive Tapes Market Report

Adhesive tapes provide effective and efficient bonding solutions for lean auto manufacturing assembly processes. Adhesive tapes are more successful for bonding contemporary materials, and they are also faster and easier to apply than traditional fastening techniques, such as screws, welds, and rivets. Assemblies bonded with adhesives do not need holes to be punched or drilled. The use of modern adhesives eliminates the necessity to estimate torque or double-check fastening operations in the assembly process.

To have an edge over the competition by knowing the market dynamics and current trends of “Automotive Adhesive Tapes Market”, request for Sample Report here

Market Dynamic 

Key Drivers and Emerging Trends

The factors driving the global automotive adhesive tapes market include increasing automobile production and sales. According to the International Organization of Motor Vehicle Manufacturer, in 2021 Q2, the total number of new vehicles’ sales reached 44.4 million globally, 22.7% more than the total sales in 2019. Adhesive tapes are easier to use and are more cost-efficient, ultimately making adhesive tapes in auto assemblies a less costly alternative than other types of the bonding process. Adhesive tapes are also fitted to vehicle exterior bonding challenges. Structural bonding tapes are used with certain adhesives to attach plastic on metal clips to painted or primed body panels. The growing electric vehicle penetration will boost the market during the forecast period. According to the International Council on Clean Transportation, the electric vehicle market in the United States has grown from thousand vehicles in 2010 to more than 3,15,000 vehicles sold annually from 2018 to 2020. In 2020, the electric share of new vehicle sales was approximately 2.4%, increasing from about 2% in 2019. Adhesive tape is expected to become a key element in the future of the automotive industry. An electric car’s battery generates heat and voltage, which must be shielded to ensure user safety. For instance, Tesa Tapes Private Limited has produced a double-sided tape and unique film that ensure no power surges can occur, with batteries having the ability to be wrapped in non-flammable products withstanding a temperature of up to 150⁰ C.

Restraint in the Automotive Adhesive Tapes Market

However, stringent regulations by various countries on the use of VOCs contain products due to the health and environmental risk associated with products. All phases of the manufacturing and application process for solvent-based adhesives, including formulation, drying, and curing, release a volatile organic compound into the atmosphere. This factor can act as a restraint and hamper the market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Material – Segment Analysis

Based on the material, poly-vinyl chloride is predicted to grow at higher CAGR during the forecast period. PVC adhesives tapes are made from poly-vinyl chloride film coated with rubber-based or acrylic-based pressure-sensitive adhesive. It has high adhesion, chemical, and weather resistance and is suitable for automotive and marine applications.

Adhesive Type – Segment Analysis

Based on the adhesive type, acrylic-based adhesives are anticipated to grow at a higher CAGR during the forecast period. An acrylic adhesive is a resin-based adhesive comprised of acrylic or methylacrylic polymers. They are solid and efficient in bonding multiple objects together and are very environmentally resistant. Acrylic adhesives are among the strongest adhesives available on the market today. This is mainly due to their cohesion and adhesion. Cohesion measures an adhesive’s ability to stick to itself, while adhesion is its ability to stick to other objects. For instance, 3M provides 3M Scotch-Weld structural acrylic adhesives with efficient bonding and greater design flexibility. These adhesives can withstand extreme temperature, apply easily, build strength rapidly and resist impact and peel stresses.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, Asia Pacific is projected to grow at higher CAGR during the forecast period. The region’s rising population and rapid urbanization will boost passenger and commercial vehicles demand. In 2020, According to the International organization of Motor Vehicle manufacturer’s sales statistics, the APAC region covered 51.43% of total sales for all types of vehicles. The increasing government initiatives to propel the adoption of electric vehicles in the region to minimize carbon emissions. According to the NITI Aayog, India, EVs currently represent a small share with approximately 7,50,000 vehicles. The country has set 30% electric vehicles sales across all vehicle types by 2030. According to the International council on clean transportation, China has rapidly created the world’s largest electric vehicle market.

Top Market Players 

Various notable players operating in the market, include, 3M, Tesa Tapes Private Limited, Sika AG, Henkel AG & Co. KGaA, Intertape Polymer Group, Avery Dennison Corporation, Lintec Corporation, Shurtape Technologies, LLC, Scapa, Nitto Denko Corporation, among others.

Key Developments:

• • In 2021, Sika AG acquired Hamatite, the Yokohama Rubber Co. Ltd. Hamatite’s adhesives business, a supplier in Japan, offering adhesives and sealant to the automotive and construction industries. The acquisition will significantly strengthen Sika AG market position in Japan.

Segments covered in the Report:

The global automotive adhesive tapes market has been segmented on the basis of material, adhesive type, application, and regions. Based on material, the market is segmented into polypropylene, paper, poly-vinyl chloride, and others. Based on adhesive type, the market is segmented into acrylic-based adhesives, rubber-based adhesives, silicone-based adhesives, and others. Based on application, the market is segmented into wire harnessing, powertrain, acoustic insulation, electronics, and others.

For detailed scope of the “Automotive Adhesive Tapes Market” report request a Sample Copy of the report 

Key questions answered in this research report:

• • At what pace is global automotive adhesive tapes market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in automotive adhesive tapes market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global automotive adhesive tapes market?
  • Which material generated maximum revenues in 2020 and identify the most promising material during the forecast period?
  • What are the various adhesive types of global automotive adhesive tapes market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Automotive Adhesive Tapes Market by Material

• • Polypropylene
  • Paper
  • Poly-Vinyl Chloride
  • Others

Global Automotive Adhesive Tapes Market by Adhesive Type

• • Acrylic-Based Adhesives
  • Rubber-Based Adhesives
  • Silicone-Based Adhesives
  • Others

Global Automotive Adhesive Tapes Market by Application

• • Wire Harnessing
  • Powertrain
  • Acoustic Insulation
  • Electronics
  • Others

Global Automotive Adhesive Tapes Market by Region

• • North America Automotive Adhesive Tapes Market (Option 1: As a part of the free 25% customization)
    • North America Automotive Adhesive Tapes Market by Material
    • North America Automotive Adhesive Tapes Market by Adhesive Type
    • North America Automotive Adhesive Tapes Market by Application
    • US Automotive Adhesive Tapes Market All-Up
    • Canada Automotive Adhesive Tapes Market All-Up
  • Europe Automotive Adhesive Tapes Market (Option 2: As a part of the free 25% customization)
    • Europe Automotive Adhesive Tapes Market by Material
    • Europe Automotive Adhesive Tapes Market by Adhesive Type
    • Europe Automotive Adhesive Tapes Market by Application
    • UK Automotive Adhesive Tapes Market All-Up
    • Germany Automotive Adhesive Tapes Market All-Up
    • France Automotive Adhesive Tapes Market All-Up
    • Spain Automotive Adhesive Tapes Market All-Up
    • Rest of Europe Automotive Adhesive Tapes Market All-Up
  • Asia-Pacific Automotive Adhesive Tapes Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Automotive Adhesive Tapes Market by Material
    • Asia-Pacific Automotive Adhesive Tapes Market by Adhesive Type
    • Asia-Pacific Automotive Adhesive Tapes Market by Application
    • China Automotive Adhesive Tapes Market All-Up
    • India Automotive Adhesive Tapes Market All-Up
    • Japan Automotive Adhesive Tapes Market All-Up
    • Rest of APAC Automotive Adhesive Tapes Market All-Up
  • RoW Automotive Adhesive Tapes Market (Option 4: As a part of the free 25% customization)
    • RoW Automotive Adhesive Tapes Market by Material
    • RoW Automotive Adhesive Tapes Market by Adhesive Type
    • RoW Automotive Adhesive Tapes Market by Application
    • Brazil Automotive Adhesive Tapes Market All-Up
    • South Africa Automotive Adhesive Tapes Market All-Up
    • Saudi Arabia Automotive Adhesive Tapes Market All-Up
    • UAE Automotive Adhesive Tapes Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Automotive Adhesive Tapes Market All-Up

Major Players Operating in the Automotive Adhesive Tapes (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3M
  • Tesa Tapes Private Limited
  • Sika AG
  • Henkel AG & Co. KGaA
  • Intertape Polymer Group
  • Avery Dennison Corporation
  • Lintec Corporation
  • Shurtape Technologies, LLC
  • Scapa
  • Nitto Denko Corporation