Automotive Adhesive Tapes Market by Adhesive Type (Emulsion-based Adhesives, Hot Melt Adhesives, Radiation-Cured Adhesives), Tape Type (Double-Sided Tapes, Masking Tapes, Noise & Vibration Damping Tapes), Application, Deployment - Global Forecast 2024-203

Automotive Adhesive Tapes Market by Adhesive Type (Emulsion-based Adhesives, Hot Melt Adhesives, Radiation-Cured Adhesives), Tape Type (Double-Sided Tapes, Masking Tapes, Noise & Vibration Damping Tapes), Application, Deployment - Global Forecast 2024-2030

The Automotive Adhesive Tapes Market size was estimated at USD 8.05 billion in 2023 and expected to reach USD 8.91 billion in 2024, at a CAGR 12.51% to reach USD 18.39 billion by 2030.

Automotive adhesive tapes are specialized pressure-sensitive tapes used in the manufacturing and assembly of automobiles. These are employed to bond materials, provide acoustic and thermal insulation, mask areas during painting, and for surface protection. These tapes are designed to withstand extreme environments, with properties that cater to durability, flexibility, and resistance to chemicals and temperatures. Global expansion of automotive manufacturing directly increases the demand for automotive adhesive tapes. Moreover, advancements in materials science that offer better performance and environmental sustainability, strict emissions, and safety regulations drive the need for lightweight and secure bonding solutions. However, compliance with volatile organic compound (VOC) emissions standards adds to production complexity, and fluctuations in raw material prices can impact profitability. Nevertheless, the rising popularity of electric vehicles creates new opportunities for heat-resistant and insulation tapes. Moreover, expanding the automotive industry in developing nations may lead to increased demand for adhesive tapes.

Regional Insights

The automotive adhesive tapes market in the Americas is witnessing steady growth, underpinned by the demand from North and South American automotive industries. The United States leads the regional market, with its advanced automotive manufacturing sector continually innovating in lightweight and fuel-efficient vehicles. This innovation extends to utilizing high-performance adhesive tapes for wire harnessing, surface protection, and component assembly applications. Adopting electric vehicles (EVs) also fosters new opportunities for adhesive tapes tailored to withstand higher temperatures and electrical insulation. The European region is at the forefront of adopting green initiatives, pushing for lower emissions, and producing eco-friendly vehicles. This has led to a greater need for specialized adhesive tapes that comply with stringent environmental standards and contribute to vehicle weight reduction. Germany, home to several of the world’s leading automakers, plays a pivotal role in the EMEA adhesive tapes market. The market is varied in the Middle East and Africa, with the Middle East showing modest growth fueled by luxury car sales and an expanding automotive aftermarket industry. Asia Pacific regions showcase an opportunistic landscape for automotive adhesive tapes owing to the rapid expansion of automotive manufacturing in countries such as China, India, Japan, and South Korea. The rise in vehicle production, expansion of international OEMs into these markets, and increasing demand for passenger vehicles are significantly contributing to the growth of the automotive adhesive tape market in APAC.

Market Insights

• Market Dynamics
  
  The market dynamics represent an ever-changing landscape of the Automotive Adhesive Tapes Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
  • Market Drivers
    • Growing Automotive Industry and Introduction of Hybrid Vehicles and Autonomous Driving Vehicles
    • Growing Usage of Advanced Functional Materials
    • Increasing Research & Development for the Production of High-Strength Adhesive Tapes
    • Market Restraints
      • Performance Limitations of Automotive Adhesive Tapes
      • Market Opportunities
        • Innovative Adhesive Solutions and Emergence of New Manufacturing Facilities
        • Advancements in Non-Destructive Testing Method of Adhesive Tapes
        • Market Challenges
          • Environmental Concerns of Using Automotive Adhesive Tapes
          • Market Segmentation Analysis
            • Adhesive Type: Suitability of radiation-cured adhesives in high-speed assembly lines of the automotive industry
            • Tape Type: versatility of double-sided tapes in applications of interior and exterior parts of vehicles
            • Application: Suitability of automotive adhesive tapes for external applications in vehicles' exterior
            • Deployment: Increasing applications in Original Equipment Manufacturer (OEM) owing to assembly & manufacturing process
            • Market Disruption Analysis
            • Porter’s Five Forces Analysis
            • Value Chain & Critical Path Analysis
            • Pricing Analysis
            • Technology Analysis
            • Patent Analysis
            • Trade Analysis
            • Regulatory Framework Analysis
            FPNV Positioning Matrix
            
            The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Automotive Adhesive Tapes Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
            
            Market Share Analysis
            
            The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Automotive Adhesive Tapes Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
            
            Recent Developments
            • CCL Design Launches New 5400 LSE Acrylic Foam Tape Series
              
              CCL Design introduced the 5400 LSE series, the latest line of acrylic foam tapes, marking a strategic advancement in adhesive technology. Developed over three years in Venray R&D center, this new series provides an exceptional combination of features, including primerless adhesion to plastics, an ultra-strong bond with polypropylene (PP), enhanced performance with automotive paints, and high shear strength—all while withstanding extreme temperatures and UV exposure.
              
              UPM Specialty Papers and Lohmann promote design for recycling in the tape industry
              
              In a groundbreaking move towards sustainability, UPM Specialty Papers and Lohmann have teamed up to advance the recyclability of paper liners within the adhesive tape sector. Previously hindered by difficult-to-recycle, siliconized dark brown liners, Lohmann has transitioned to utilize UPM's white paper liners, compatible with the revolutionary UPM LinerLoop facility, enabling high-value recycling and integration with established paper recycling streams.
              
              Lohmann launches new adhesive tape portfolio for low-emission bonding in vehicle interiors
              
              Lohmann introduced the DuploCOLL LE 59xxx series, double-sided adhesive tapes that showcase cutting-edge technology, serving as a pivotal advancement in vehicle interior bonding. The series is specially formulated to deliver low-odor and low-emission performance, complying with the rigorous OEM standards for volatile organic compounds (VOCs), fogging, and odors, as outlined by the VDA 278 guidelines. This commitment ensures that the air quality within vehicle interiors remains pristine, an essential factor when applied to extensive uses such as securing rear seat covers or installing noise, vibration, and harshness (NVH) materials.
            Strategy Analysis & Recommendation
            
            The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Automotive Adhesive Tapes Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
            
            Key Company Profiles
            
            The report delves into recent significant developments in the Automotive Adhesive Tapes Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advance Tapes International, AIPL Tapes Industry LLC, American Biltrite Inc., Arkema SA, ATP Adhesive Systems AG, Avery Dennison Corporation, Berry Global Group Inc., Compagnie de Saint-Gobain S.A., ECHOtape, H.B. Fuller Company, Henkel AG & Co. KGaA, Intertape Polymer Group Inc., L&L Products, Inc., Lintec Corporation, Lohmann GmbH & Co. KG, Nitto Denko Corporation, ORAFOL Europe GmbH, PPI Adhesive Products Ltd., Rogers Corporation, Schweitzer-Mauduit International, Inc., Shurtape Technologies, LLC, Sika AG, Tesa SE, The Chemours Company, The Dow Chemical Company, ThreeBond International, Inc., Triton Middle East LLC, Volz Selbstklebetechnik GmbH, and Worthen Industries, Inc..
            
            Market Segmentation & Coverage
            
            This research report categorizes the Automotive Adhesive Tapes Market to forecast the revenues and analyze trends in each of the following sub-markets:
            • Adhesive Type
              • Emulsion-based Adhesives
              • Hot Melt Adhesives
              • Radiation-Cured Adhesives
              • Solvent-based Adhesives
              • Tape Type
                • Double-Sided Tapes
                • Masking Tapes
                • Noise & Vibration Damping Tapes
                • Speciality Tapes
                • Application
                  • Acoustic Insulation
                  • Chassis & Wheels
                  • Electronics
                  • Exterior Attachment
                  • Interior Attachment
                  • Powertrain
                  • Wire Harnessing
                  • Deployment
                    • Aftermarket
                    • OEM
                    • Region
                      • Americas
                        • Argentina
                        • Brazil
                        • Canada
                        • Mexico
                        • United States
                          • California
                          • Florida
                          • Illinois
                          • New York
                          • Ohio
                          • Pennsylvania
                          • Texas
                          • Asia-Pacific
                            • Australia
                            • China
                            • India
                            • Indonesia
                            • Japan
                            • Malaysia
                            • Philippines
                            • Singapore
                            • South Korea
                            • Taiwan
                            • Thailand
                            • Vietnam
                            • Europe, Middle East & Africa
                              • Denmark
                              • Egypt
                              • Finland
                              • France
                              • Germany
                              • Israel
                              • Italy
                              • Netherlands
                              • Nigeria
                              • Norway
                              • Poland
                              • Qatar
                              • Russia
                              • Saudi Arabia
                              • South Africa
                              • Spain
                              • Sweden
                              • Switzerland
                              • Turkey
                              • United Arab Emirates
                              • United Kingdom
                              
                              
                              Please Note: PDF & Excel + Online Access - 1 Year