Global Automotive Adhesive Tapes Market Share Report 2024, Forecast To 2033
8 Mar, 2024
The automotive adhesive tapes market size has grown strongly in recent years, reaching $4.94 billion in 2023 and $5.26 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period is attributed to increased vehicle production, regulatory compliance, and safety standards, as well as a shift towards lightweight materials and improved durability. Anticipated to see continued strong growth, the market is forecasted to expand to $6.64 billion in 2028 at a CAGR of 6.0%, driven by electric vehicle adoption, globalization, and emerging markets. Major trends include bio-based and recyclable adhesives, smart adhesive technologies, and increased focus on safety and crash resistance.
Global Automotive Adhesive Tapes Market Key Driver
The rising trend of electric vehicles, with sales doubling in 2021 according to the International Energy Agency, is expected to drive the growth of the automotive adhesive tapes market. Automotive adhesive tapes are crucial for binding battery cells and insulating electrical components in electric vehicles, thus driving the growth of the automotive adhesive tapes market.
Get A Free Sample Of The Global Automotive Adhesive Tapes Market ReportGlobal Automotive Adhesive Tapes Market Segments
The automotive adhesive tapes market covered in this report is segmented –
1) Product:Double-Sided Tapes, Masking Tapes, Reinforced Tapes, Specialty Tapes
2) Adhesive Type:Acrylic, Silicone, Rubber, Other Adhesive Types
3) Backing Material:Polypropylene (PP), Polyvinylchloride (PVC), Paper, Other Backing Materials
4) Technology:Water-Based, Solvent-Based, Hot-Melt-Based
5) Application:Wire Harnessing, Powertrain, Acoustic Insulation, Interior Attachment, Exterior Attachment, Electronics, Chassis And Wheels
By Geography: The countries covered in the automotive adhesive tapes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
Major Automotive Adhesive Tapes Industry Players
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.
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Automotive Adhesive Tapes Market Overview
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.