The global automotive adhesive tapes market size was USD 8.5 billion in 2020 and is projected to reach USD 12.1 billion by 2026, at a CAGR of 5.9% between 2021 and 2026, owing to an increase in demand of automotive adhesive tapes in lightweight hybrid vehicles. Poly-vinyl chloride is projected to record the fastest growth during the forecast period, at a CAGR of 7.1% from 2021 to 2026. Poly-vinyl chloride, as a backing material for adhesive tapes, caters to some of the largest applications in automotive industry, such as wire harnessing, UV resistance, electrical insulation, device shielding, and others.
Based on adhesive type, the automotive adhesive tapes market is segmented into acrylic, rubber, silicone, and others. Other adhesive types include ethylene-vinyl acetate (EVA) and butyl. Acrylic was the largest adhesive type in the overall automotive adhesive tapes market in 2020. This is majorly due to the excellent bonding of acrylic adhesives, offered to a wide range of substrates, including metal, plastics, glass, ceramics, and stainless steel. Acrylic is the most preferred resin due to its good physical and chemical properties in the automotive industry.
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Based on backing material, polypropylene (PP) -backed automotive adhesive tapes accounted for the largest share of the overall automotive adhesive tapes market, in terms of volume and value, in 2020. PP is elastic in nature and resistant to humidity. It has high demand as it is a low-cost material, which provides better flexibility and conformability owing to its softness.
Based on applications, the automotive adhesive tapes market is segmented as interior, exterior, and electric vehicle. In 2020, the interior segment dominated the automotive adhesive tapes market. The high demand for automotive adhesive tapes in wire harnessing is majorly driving the growth of interior applications.
Based on region, Asia Pacific dominated the global automotive adhesive tapes market in 2020. It is majorly due to the increase in demand for automotive adhesive tapes from major countries such as China, Japan, and India. China is the largest market for automotive adhesive tapes market in Asia Pacific and the growing automotive industry in China is expected to fuel the market growth.
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The key market players in the automotive adhesive tapes market 3M (US), Nitto Denko Corporation (Japan), tesa SE (US), Avery Dennison Corporation (US), Lohmann GmbH & Co.KG (Germany), Henkel AG & Co. KGAA (Germany), Sika AG (Switzerland), Intertape Polymer Group (US), Lintec Corporation (Japan), Shurtape Technologies, LLC (US), Scapa (UK), and L&L Products (US). These players have adopted expansions, joint ventures, mergers, acquisitions, agreements, collaborations, product launches, and partnerships as their growth strategies to meet the growing demand for automotive adhesive tapes.
3M is among the leading manufacturers of technologically oriented products, which provides automotive adhesives and tapes for various applications through its safety and industrial business unit. In December 2020, 3M launched 2480 3M Hi-Tack silicone adhesive tapes. The products provide sheer performance, stronger adhesion, and longer-wear time.
Another important player in the automotive adhesive tapes market is tesa SE. In May 2020, tesa SE expanded a new plant in Vietnam for the production of adhesive tapes for the Asian market, which will start from 2023. This will enable the tesa group to strengthen its presence in Asia, and significantly increase its capacities. Also, in March 2019, tesa added Sugru, moldable special silicone-based glue, to its innovative product line. The company, followed by the acquisition of British company FormFormForm Ltd. in May 2018, added an innovative product line to its existing broad range of consumer products.
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In this report, our team offers a comprehensive analysis of Automotive Adhesive Tapes market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-automotive-adhesive-tapes-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• 3M• Nitto Denko• Henkel• Tesa• ORAFOL Europe• IPG• Lohmann• Avery Dennison• Scapa• Shurtape• Lintec• Teraoka Seisakusho• GERGONNE On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• PVC Adhesive Tapes• Paper Adhesive Tapes• PP Adhesive Tapes• Other By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Interior• Exterior By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-automotive-adhesive-tapes-market-2020-2026 Table of Contents Global Automotive Adhesive Tapes Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 PVC Adhesive Tapes1.3.2 Paper Adhesive Tapes1.3.3 PP Adhesive Tapes1.3.4 Other1.4 Application Overview1.4.1 Interior1.4.2 Exterior1.5 Industrial Chain1.5.1 Automotive Adhesive Tapes Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 PVC Adhesive Tapes2.1.2 Paper Adhesive Tapes2.1.3 PP Adhesive Tapes2.1.4 Other2.2 The Overall Market Performance(Value)2.2.1 PVC Adhesive Tapes2.2.2 Paper Adhesive Tapes2.2.3 PP Adhesive Tapes2.2.4 Other 3 Global Automotive Adhesive Tapes Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Interior3.3 Exterior Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/medical-devices About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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