Automotive Adhesive Tapes Market - Forecast(2023 - 2028)

Report Code: CMR 91160 Report Format: PDF + Excel

Automotive Adhesive Tapes Market Overview

The Automotive Adhesive Tapes Market size is forecasted to reach US$11.5 billion by 2027, after growing at a CAGR of 6.2% during the forecast period 2022-2027. 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 (2022-2027)” 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. 

Figure: Asia Pacific Automotive Adhesive Tapes Market Revenue, 2021-2027 (US$ Billion)

Automotive Adhesive Tapes Market

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Automotive Adhesive Tapes Market Segment Analysis – By Material

The Acrylic segment is expected to grow at a fastest CAGR of 9.0% 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

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 -

  1. 3M
  2. Saint-Gobain 
  3. Tesa SE
  4. Nitto Denko Corporation
  5. Avery Dennison Corporation
  6. Lintec Corp.
  7. Inno Tape GmbH
  8. Sika AG
  9. Henkel AG & Co. KGaA
  10. 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.

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1. Automotive Adhesive Tapes Market- Market Overview
    1.1 Definitions and Scope
2. Automotive Adhesive Tapes Market - Executive Summary
    2.1 Key Trends by Material
    2.2 Key Trends by Type
    2.3 Key Trends by Function
    2.4 Key Trends by Application
    2.5 Key Trends by Vehicle Type
    2.6 Key Trends by Electric Vehicle Type
    2.7 Key Trends by Geography
3. Automotive Adhesive Tapes Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Automotive Adhesive Tapes Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Automotive Adhesive Tapes Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Automotive Adhesive Tapes Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Automotive Adhesive Tapes Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Automotive Adhesive Tapes Market – By Material (Market Size -$Million/Billion)
    8.1 Acrylic
    8.2 Rubber
    8.3 Silicone
    8.4 Polyurethane
    8.5 Others 
9. Automotive Adhesive Tapes Market – By Type (Market Size -$Million/Billion)
    9.1 Specialty
    9.2 Double-Sided
    9.3 Masking
    9.4 Others 
10. Automotive Adhesive Tapes Market – By Function (Market Size -$Million/Billion)
    10.1 Bonding
    10.2 Sealing
    10.3 Others 
11. Automotive Adhesive Tapes Market – By Application (Market Size -$Million/Billion)
    11.1 Wire Harnessing
    11.2 Surface Protection
    11.3 Cable Mounting
    11.4 Interior Mounting
    11.5 Mirror Assembling
    11.6 Masking
    11.7 Door and window seals
    11.8 Automotive Electronics
    11.9 Others 
12. Automotive Adhesive Tapes Market – By Vehicle Type (Market Size -$Million/Billion)
    12.1 ICE Vehicle
        12.1.1 Passenger Vehicles 
        12.1.2 Commercial Vehicles 
   Light Commercial Vehicles
   Heavy Commercial Vehicles
    12.2 Electric and Hybrid Vehicles
        12.2.1 Passenger Vehicles 
        12.2.2 Commercial Vehicles 
   Light Commercial Vehicles
   Heavy Commercial Vehicles
13. Automotive Adhesive Tapes Market – By Electric Vehicle Type (Market Size -$Million/Billion)
    13.1 Battery Electric Vehicles (BEVs)
    13.2 Plug-in Hybrid Electric Vehicle (PHEVs)
    13.3 Hybrid Electric Vehicles (HEVs)
    13.4 Fuel Cell Electric Vehicles (FCEVs)
14. Automotive Adhesive Tapes Market - By Geography (Market Size -$Million/Billion)
    14.1 North America
        14.1.1 USA
        14.1.2 Canada
        14.1.3 Mexico
    14.2 Europe
        14.2.1 UK
        14.2.2 Germany
        14.2.3 France
        14.2.4 Italy
        14.2.5 Netherlands
        14.2.6 Spain
        14.2.7 Russia
        14.2.8 Belgium
        14.2.9 Rest of Europe
    14.3 Asia-Pacific
        14.3.1 China
        14.3.2 Japan
        14.3.3 India
        14.3.4 South Korea
        14.3.5 Australia and New Zeeland
        14.3.6 Indonesia
        14.3.7 Taiwan
        14.3.8 Malaysia
        14.3.9 Rest of APAC
    14.4 South America
        14.4.1 Brazil
        14.4.2 Argentina
        14.4.3 Colombia
        14.4.4 Chile
        14.4.5 Rest of South America
    14.5 Rest of the World
        14.5.1 Middle East
        14.5.2 Africa
15. Automotive Adhesive Tapes Market – Entropy
    15.1 New Product Launches
    15.2 M&As, Collaborations, JVs and Partnerships
16. Automotive Adhesive Tapes Market – Industry/Competition Segment Analysis Premium
    16.1 Company Benchmarking Matrix – Major Companies
    16.2 Market Share at Global Level - Major companies
    16.3 Market Share by Key Region - Major companies
    16.4 Market Share by Key Country - Major companies
    16.5 Market Share by Key Product Type/Product category - Major companies
17. Automotive Adhesive Tapes Market – Key Company List by Country Premium Premium
18. Automotive Adhesive Tapes Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    18.1 Company 1
    18.2 Company 2
    18.3 Company 3
    18.4 Company 4
    18.5 Company 5
    18.6 Company 6
    18.7 Company 7
    18.8 Company 8
    18.9 Company 9
    18.10 Company 10 and more
    "* Financials would be provided to private companies on best-efforts basis"
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