Global Automotive Adhesive Tape Market Overview
Introduction:
Automotive Adhesive Tape Market was valued at US$ 10.6 Billion in 2024 and is projected to grow at a CAGR of 9.60% to reach US$ 22.3 Billion by 2034.
Automotive adhesive tape is a thin strip of adhesive coated on plastic and is used to assemble, coat or stick parts together. These tapes do serve the purpose of lamination of bolts and welds in the automobile industry. The rapid growth of the automobile industry is garnering the growth of automotive adhesive tape market. Polyvinyl chloride (PVC), polypropylene (pp), acrylic, styrene-butadiene rubber (sbr), plastics, and paper are the key raw materials used for manufacturing automotive adhesive tapes. These products are derived from crude oil and therefore, fluctuation in crude oil prices has a notable impact on their sourcing price, thereby impacting the overall cost of tapes. The PVC-backed tape is pressure sensitive, and designed specifically to protect the electrical connections from the exterior world. These tapes are able to survive in the higher temperature, and can hold longer and stronger over various curves and sharp angles. 3M exterior attachment tape is ideal for permanently attaching side moldings and trim to your vehicles, adding long term protection and value. The global automotive adhesive tape market accounted for US$ 5.67 billion in 2020 and is estimated to be US$ 9.12 billion by 2030 and is anticipated to register a CAGR of 4.9%.
Global Automotive Adhesive Tape Market Dynamics
Rising demand for lightweight and economical automobiles is expected to be an important factor for the growth of automotive adhesive tape market. Automobile manufacturers are shifting their attention towards automotive adhesive tapes compared to conventional mechanical fasteners to cut down the automobile weight because it saves energy and maintenance costs. Also, the high sensitivity of manufacturers located in the economy towards automobiles aesthetics is expected to benefit the market. Development of advanced products for sealing, coupled with rising investment in R&D for the production of advanced high strength adhesive tapes, is projected to drive the product demand over the forecast period. Also, the development of eco-friendly solvent recovery technology used for the coating of adhesives is expected to drive the product demand in the forthcoming years.
Bio-plastic and paper-based tape backings are expected to witness a rise in production as they do not cause severe harm to the environment. Also, the use of adhesives in the product is highly guarded and subject to several regulations due to the perceived negative effects of the toxic materials in the composition. The market is subject to several regulations, primarily directed to monitor the usage of adhesives containing Volatile Organic Compounds (VOCs) in tapes. Also, legislation regarding the prohibition on the use of certain chemicals and lack of environment-friendly adhesive tapes is anticipated to restrain the growth of global automotive adhesive tape market. High-performance adhesive tapes for advanced Adhesive Types is projected to act as an opportunity for the market in future.
Global Automotive Adhesive Tape Market Segmentation
The global automotive adhesive tape market is segmented based on material type, adhesive type, and region.
Based on material type, the global automotive adhesive tape market is classified into polyester, polypropylene, paper, polyvinyl chloride, and other materials. Based on adhesive type, the target market is bifurcated into acrylic, natural rubber, butyl, and other adhesive types.
Regional Insights:
The global automotive adhesive tape market accounted for US$ 5.67 billion in 2020 and is estimated to be US$ 9.12 billion by 2030 and is anticipated to register a CAGR of 4.9%. On region the global automotive adhesive tape market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia-Pacific accounts the highest global market share. The market is majorly driven by the availability of low labor at low cost, low raw material prices, and the growing urban population in the region, in addition to many automotive manufacturing plants. North America is envisioned to bolster the growth of automotive adhesive tape market owing to the latest technologies, development of efficient and long-lasting automotive adhesive tapes.
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 – 2034 |
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Market Segmentation |
By Material Type- Polyester, Polypropylene, Paper, Polyvinyl Chloride, and Other Materials By Adhesive Type– Acrylic, Natural Rubber, Butyl, and Other Adhesive Types
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global automotive adhesive tape market report based on material type, adhesive type, and region.
Global Automotive Adhesive Tape Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Automotive Adhesive Tape Market Key Players
The key players operating the global automotive adhesive tape market involves 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Scapa Group PLC, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd., Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market. For instance, In June 2018, 3M Introduces Elastic Blend Nonwoven Tape for Improved Conformability, Skin Breathability.
Global Automotive Adhesive Tape Market Company Profile
- 3M Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nitto Denko Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Tesa SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lintec Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Avery Dennison Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Intertape Polymer Group, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shurtape Technologies, LLC.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Scapa Group PLC
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lohmann GmbH & Co. Kg
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Nichiban Co. Ltd
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
Global Automotive Adhesive Tape Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Industry Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Automotive Adhesive Tape Strategies
- Key Questions this Study will Answer
- Market Snippet, By Material Type
- Market Snippet, By Adhesive Type
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Automotive Adhesive Tape Market, By Material Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Polyester
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polypropylene
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Paper
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Polyvinyl Chloride
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Materials
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Automotive Adhesive Tape Market, By Adhesive Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Acrylic
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Natural Rubber
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Butyl
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Other Adhesive Types
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Automotive Adhesive Tape Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Adhesive Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Adhesive Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Adhesive Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Adhesive Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Material Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Adhesive Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
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- 3M Company
- Company Overview
- Product and Portfolio
- Key Highlights
- Financial Overview
- Business Strategies
- Nitto Denko Corporation
- Tesa SE
- Lintec Corporation
- Avery Dennison Corporation
- Intertape Polymer Group, Inc.
- Shurtape Technologies, LLC.
- Scapa Group PLC
- Lohmann GmbH & Co. Kg
- Nichiban Co. Ltd
- 3M Company
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- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global automotive adhesive tape market is segmented based on material type, adhesive type, and region.
Rising demand for lightweight and economical automobiles is expected to be an important factor for the growth of automotive adhesive tape market.
The market in Asia-Pacific accounts the highest global market share.
The key players operating the global automotive adhesive tape market involves 3M Company, Nitto Denko Corporation, Tesa SE, Lintec Corporation, Avery Dennison Corporation, Intertape Polymer Group, Inc., Shurtape Technologies, LLC., Scapa Group PLC, Lohmann GmbH & Co. Kg, Nichiban Co. Ltd.