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Automotive Adhesive Tapes Market - By Material, By Type, By Function, By Application, By Vehicle Type, By Electric Vehicle Type, By Geography - Global Opportunity Analysis & Industry Forecast, 2024 - 2030
Automotive Adhesive Tapes Market Overview
Automotive Adhesive Tapes Market Size is forecast to reach $ 13756.3 Million by 2030, at a CAGR of 6.00% during forecast period 2024-2030. Adhesive tapes are extensively used in the automotive industry as they provide high-performance bonding solution for several applications such as interior fittings, badges or carpet, wire harnessing and power train including many others. Adhesive tapes are the efficient and cost-effective solution for several traditional methods such as bolting, clips, screws and mechanical fastening. The material used in the manufacturing of these tapes include acrylic, polyurethane and silicone including others. The major backing materials utilized are ethylene-vinyl acetate, polyvinylchloride (PVC) and polypropylene. These tapes offer corrosion prevention in automotive systems that can cause damage to the car body. Adhesive tapes offer benefits such as reduced weight, noise elimination, reduced maintenance and streamlined assembly.
Many industries across the globe have faced several challenges due to the COVID-19 pandemic. The automotive industry has experienced pitfalls due to the unavailability of raw materials. The production and demand in this industry has declined due to an interrupted supply chain and cessation in transportation. For instance, according to International Organization of Motor Vehicle Manufacturer, in 2020, passenger vehicle production was 19.9 million units in comparison to 21.3 million produced in 2019, showing 6.5% decrease. The pause in industrial production and distribution, the demand and consumption of Automotive Adhesive Tapes has hampered to an extent.
Report Coverage
The “Automotive Adhesive Tapes Market Report – Forecast (2024-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Automotive Adhesive Tapes industry.
By Material: Acrylic, Rubber, Silicone, Polyurethane and Others
By Type: Specialty, Double-Sided, Masking and Others
By Function: Bonding, Sealing and Others
By Application: Wire Harnessing, Surface Protection, Cable Mounting, Interior Mounting, Mirror Assembling, Masking, Door and window seals, Automotive Electronics and Others
By Vehicle Type: ICE Vehicle (Passenger Vehicles and Commercial Vehicles) and Electric and Hybrid Vehicles (Passenger Vehicles and Commercial Vehicles)
By Electric Vehicle Type: Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicle (PHEVs), Hybrid Electric Vehicles (HEVs) and Fuel Cell Electric Vehicles (FCEVs))
By Geography: North America (USA, Canada and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and Rest of South America), Rest of the World (Middle East (Saudi Arabia, UAE, Israel and Rest of Middle East) and Africa (South Africa, Nigeria and Rest of Africa))
Key Takeaways
- The notable growth in automotive industry specifically electric vehicles is driving the growth of Automotive Adhesive Tapes Market.
- Double-sided tape plays an important role in several applications such car door sill trim, wire harnessing, cable mounting, wing flare, headlight washer and roof rail which is expected to provide significant growth opportunity to increase Automotive Adhesive Tapes Market size in coming years.
- Increase in production and demand for electric vehicles is expected to provide substantial growth opportunities for the industry players in near future in Automotive Adhesive Tapes Industry.
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The Acrylic segment is expected to grow at a fastest CAGR of 6.00% during the forecast period in the Automotive Adhesive Tapes Market. Adhesive tapes are widely used in the automotive industry for acoustic applications such as absorption pads in doors, trunk absorption pads, headline absorbers and window trim. It also provides surface protection and gasket sealing. Acrylic is one of the most commonly used material in adhesive tapes as it has better flexibility and ductility. The backing material used in this adhesive tape are ethylene-vinyl acetate, polyvinylchloride (PVC) and polypropylene. Automotive industry continuously works on changing consumer preferences and thus there is increasing demand for high-performance bonding materials. Acrylic adhesive tapes are extensively used for exterior components such as bodyside moldings, wheels flares and pillar appliques. Acrylics tapes also withstand extreme low temperatures and utilized in automotive OEM’s and exterior attachment part mounting. Thus, several benefits associated with the use of acrylic tapes is boosting the growth and is expected to account for significant Automotive Adhesive Tapes Market share.
Automotive Adhesive Tapes Market Segment Analysis – By Type
The Double-sided segment held the largest Automotive Adhesive Tapes Market share in 2021, with a share of over 37%. Double-sided automotive adhesive is available in a range of materials such as acrylic, silicone and rubber. Double sided tapes also utilize numerous backing materials such as ethylene-vinyl acetate, polyvinylchloride (PVC) and polypropylene. These tapes are relatively easy to adhere owing to resistance to moisture, solvent, oil and other chemicals. It also holds superior mechanical characteristics. They offer superior viscoelastic and adhesion properties towards automotive paint systems and plastics. These are commonly used for bonding, technical and general-purpose splicing, masking and protection. These tapes withstand all external influences for the lifetime of vehicle and provide vibration damping and reliable seating. These are used in a wide range of applications such as aeroflap, car door sill trim, wing flare, headlight washer, roof rail and window frame including many others. Thus, the increase in demand double sided tapes is boosting the market growth of
Automotive Adhesive Tapes Market Segment Analysis – By Geography
Asia Pacific held the largest Automotive Adhesive Tapes Market share in 2021, with a share of 57%. This growth is mainly attributed to the increase in the production of ICE vehicle and electric vehicle in this region. The region consists of major economies such as China, India, Japan and Australia where the level of Automotive output has rapidly increased. For instance, as per the 2021 report of the European Automobile Manufacturers Association on global vehicle production, China produced 32% of 74 million cars manufactured worldwide with Japan & Korea producing 16%. For instance, according to International Organization of Motor Vehicle Manufacturer, in 2021, Asia held 50% share of global motor vehicle production with China producing 26 million units and India 4.4 million units. The significant growth in automotive in this region also demands for automotive adhesive tapes.
Automotive Adhesive Tapes Market Drivers
Surge in production of Automobile
During the past few years, automotive industry is growing at a substantial rate owing to the increased demand for automobiles. With the increase in demand and production, there is also surge in need for lightweight materials in order to increase fuel efficiency of the automobiles. Adhesive tapes are extensively used in automotive industry as it facilitates increased rigidity, reduced maintenance, reduced vehicle weight and improve longevity. These are utilized for several purposes such as anti-chipping, anti-vibration, cushioning, temporary protection and paint replacement. According to International Organization of Motor Vehicle Manufacturer, in 2021, global production volume of passenger vehicles was 57 million units showing 2% increase compared to 55.9 million units made in 2020. Also, as per the November 2021 report of the Europe Automobile Manufacturer Association, the new passenger car registration in the first ten months of 2021 increased up to 2.2% with an increase shown in European Union markets like Italy showed 12.7%, Spain showed 5.6% and France showed 3.1%. Thus, increase in automotive production is further propelling the demand for Automotive Adhesive Tapes Market.
Growing demand for E-vehicles
The factors such as climate change and government regulations related to net-zero emission has led to increase in demand for electric vehicles in major regions like Asia-Pacific, Europe and North America. As per Tesa Tapes Pvt Ltd, by 2030, there would me more car with electric drives than with combustion engines. Adhesive tapes hold the potential in transforming e-mobility industry. These tapes offer permanent bonding of battery cells and electronics components. The companies are also involved in the production of fire-resistant adhesive tapes for battery cells. The range of backing materials used in the production of such tapes are ethylene-vinyl acetate, polyvinylchloride (PVC) and polypropylene. According to European Environment Agency, in 2020, electric car registrations in Europe for the year was 1,325,000 units compared to 550,000 units in 2019. For instance, according to International Energy Agency, in 2020, electric car sales reached a record 3 million units in 2020, up 40% from 2019. Thus, the global surge in demand and production of electric vehicles in propelling the growth and is expected to accounted for significant share in Automotive Adhesive Tapes Market size.
Automotive Adhesive Tapes Market Challenges
Availability of substitutes
Automotive Adhesive Tapes provide several benefits such as moisture resistance, weight reduction, superior sealing and bonding. These are majorly getting adopted in e-vehicles. However, there are few disadvantages associated with the use of adhesives tapes such as it requires extensive surface preparation, need for flat surfaces, they are temperature sensitive and these tapes never sets with time. There is a wide variety of substitutes available for adhesive tapes such as liquids, sprays, films and foams. Thus, the availability of substitutes may hamper market growth.
Automotive Adhesive Tapes Industry Outlook
The top 10 companies in the Automotive Adhesive Tapes Market are -
- 3M
- Saint-Gobain
- Tesa SE
- Nitto Denko Corporation
- Avery Dennison Corporation
- Lintec Corp.
- Inno Tape GmbH
- Sika AG
- Henkel AG & Co. KGaA
- Lohmann
Recent Development
In December 2021, Saint-Gobain launched its new tape solutions global website for all brands such as CHR, Norseal, Norbond, h-old and Biolink. It provides visitors with seamless user experience and brand information.
Key Market Players:
The Top 5 companies in the Automotive Adhesive Tapes Market are:
- 3M
- Saint Gobain
- Sika
- Henkel
- Nitto Denko
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