Automotive Adhesive Tapes Market Growth, Trends, Industry Overview and Forecast 2022-27
The latest research study “Automotive Adhesive Tapes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global automotive adhesive tapes market size reached US$ 8.72 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.07 Billion by 2027, exhibiting a growth rate (CAGR) of 5.40% during 2022-2027.
Automotive adhesive tapes represent pressure-sensitive and flexible strips of fabric that are applied to join and assemble automobile components. They are manufactured by combining numerous backing materials, such as paper, plastic films, cloth, polyvinyl chloride (PVC), foils, etc. Automotive adhesive tapes are coated with viscoelastic materials that are delicate to moisture and can adhere to the pressure applied to the product. Unlike liquid adhesives, these fabrics can hold longer across curves and sharp angles of vehicles while being neat and less time-consuming. Automotive adhesive tapes compensate for irregular or uneven surfaces, lower stress dissipation, absorb shocks, minimize the risk of corrosion, reduce maintenance requirements, dampen noise, etc. As a result, these fabrics are used to streamline the assembly process of various interiors and exterior elements of automobiles. Presently, automotive adhesive tapes are mainly available in double-sided, masking, reinforced, specialty adhesive tape types, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automotive Adhesive Tapes Market Trends and Drivers:
The increasing need for a lightweight sealing solution to manufacture premium electric and hybrid electric vehicles (EVs/HEVs) is among the key factors stimulating the automotive adhesive tapes market. Furthermore, the widespread adoption of these strips by automakers over traditional joining methods, including fasteners, screws, and welding, owing to their increased safety, minimized fuel consumption, reduced vehicle weight, etc., is positively influencing the global market. Besides this, the growing consumer environmental concerns and the implementation of numerous favorable green initiatives by government bodies to attain sustainability are acting as significant growth-inducing factors. Moreover, the introduction of eco-friendly solvent recovery solutions is expected to fuel the automotive adhesive tapes market over the forecasted period.
Automotive Adhesive Tapes Market Report Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
3M Company, Advanced Tapes International Ltd., American Biltrite Inc., Avery Dennison Corporation, Berry Global Inc., Compagnie de Saint-Gobain S.A., Henkel AG & Co. KGaA, Intertape Polymer Group, L&L Products Inc., Lintec Corporation, Scapa Group plc (Schweitzer-Mauduit International Inc.), Shurtape Technologies LLC (STM Industries Inc.), Sika AG and Tesa SE (Beiersdorf AG).
The report has been segmented the market into following categories:
Breakup by Adhesive Type:
Breakup by Adhesive Chemistry:
- Solvent-based Adhesives
- Emulsion-based Adhesives
- Hot Melt Adhesives
- Radiation Adhesives
Breakup by Application:
- Wire Harnessing
- Acoustic Insulation
- Interior Attachment
- Exterior Attachment
- Chassis and Wheels
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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