USD 3.52 Billion
Report ID:
SQMIG15H2077 |
Region:
Global |
Published Date: January, 2025
Pages:
197
|Tables:
96
|Figures:
71
Global Automotive Adhesive Tapes Market size was valued at USD 3.52 Billion in 2023 and is poised to grow from USD 3.74 Billion in 2024 to USD 6.20 Billion by 2032, growing at a CAGR of 6.5% in the forecast period (2025-2032).
Rapid replacement of nut bolt fasteners to reduce vehicle weight and improve aesthetics is expected to drive the global automotive adhesive tapes market growth over the forecast period. The market is predicted to witness a growing demand from aftermarket sales as vehicle modifications and performance enhancements are considerably upscaling. Asian economies that include Japan, South Korea, China, and India are anticipated to hold most of the shares in electric vehicle production in the coming period. This is due to a strong manufacturing industry, resource availability, skilled & low labor cost, and prominent automakers within the region.
Technological development by major automobile manufacturers in Europe and North America will provide momentum to the market. The global automotive adhesive tapes market is predicted to grow over a strong predicted growth rate spanning the projection period due to recovering economies in the majority of countries in the emergent world. Public transportation operations are often brought to a sudden standstill, aside from the infection level of this virus, due to which it further increased passengers' demand, hence the required automobile adhesive tapes products. Switching trends are currently being observed in the global market with increasing popularity and demand for electric vehicles. Major vehicle manufacturers are trying to meet environmental standards and emission norms by reducing pollutants from vehicles to a considerable level. Therefore, battery-operated vehicles such as cars, mini trucks, and others are witnessing popularity across the globe which will positively impact global industry in the future.
Market snapshot - (2025-2032)
Global Market Size
USD 3.52 Billion
Largest Segment
Solvent-Based
Fastest Growth
Emulsion-Based
Growth Rate
6.5% CAGR
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The global automotive adhesive tapes market is segmented into application, adhesive chemistry, backing material, and region. By application, the market is classified into wire harnessing, powertrain, acoustic insulation, interior attachment, exterior attachment, electronics, and chassis & wheels. Depending on adhesive chemistry, it is divided into solvent-based, emulsion-based, hot melt, and radiation. According to backing material, the market is categorized into polypropylene, polyvinylchloride, paper, and others. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
As per the 2024 global automotive adhesive tapes market analysis, the solvent-based segment led the market. Advantages of the product in regard to superior adhesion properties that result from material qualities and greater penetration by OEM automotive supported increased adhesion and automotive applications were more. Thus, solvent-based adhesiveness or adhesive tape could be regarded mainly as adhesive comprising rubber or acrylic solvent types. Automotive accepts solvent-acrylic tapes due to their durability and long-term usage. In addition, enhanced performance like improved chemical, heat and water resistance has fostered the acceptance of adhesive technology in the automotive tapes.
The emulsion-based adhesive tapes segment is expected to witness the fastest growth at a CAGR of 8.3% because of superior properties offered by tapes such as chemical & heat resistance and performance profile at low cost. These are water-based adhesives, and their composition consists of EVA or acrylic synthetic resin polymers, and vinyl acetate in water; hence containing low VOC contents. Emulsion adhesives are similar in characteristics to solvent acrylics but are manufactured without the use of solvents. This technology is used in adhesive tapes due to the chemical and heat-resistant properties of the emulsion. The growing concerns regarding VOC emissions are predicted to have a major impact on the demand for emulsion-based adhesive tapes.
Based on the 2024 global automotive adhesive tapes market forecast, the polyvinylchloride category dominated the market. All these reasons make it easily adaptable to various applications within the automotive industry. Automotive tapes, as used in this application, are diversified across electronic component use, insulation for wires, harnessing, and sealing. Its flexibility, durability, and excellent electrical insulation properties further enhance the above advantages. In addition, increasing adoption of electric vehicles and development in the process of automotive manufacturing will further boost demand for polyvinylchloride-based adhesive tapes, thus increasing their share in the global market.
In the global automotive adhesive tapes industry, the polypropylene segment is expected to earn significant revenue shares due to remarkable combinations of properties it carries. Being excellent strength, polypropylene tapes have remarkable heat and pressure resistance together with moisture that shows excellent strength desired for the demanding applications of automotive. This tape extensively finds application in interior trim, exterior body panels, and under the hood components, where performance levels are crucial. It will further reduce the weight of the vehicle, making fuel efficiency and sustainability better. Another reason for increasing popularity is polypropylene's resistance to hostile environment conditions, hence ensuring long-term reliability. Developments in production methods are going to add much more strength to polypropylene's market penetration.
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Europe has a strong market position and holds around 28% revenue share in 2024 and is predicted to gain momentum at a CAGR of more than 5.0% during the forecast period. The trend has been primarily due to the high per-vehicle tape content in European brand automotive coupled with rising production of EV/HEV segment vehicles which exhibit a higher penetration of adhesive tapes. The market flourished with prominent players operating across the region. More than 300 manufacturing facilities are operating in the region producing cars and trucks. These players are investing heavily in R&D for the development of electric vehicles and hybrid vehicle segments. Moreover, the installation of lightweight components for reducing fuel consumption in a car is expected to increase the penetration of tapes and adhesives.
The North America automotive adhesive tapes industry is anticipated to face a significant rise at a notable CAGR of 4.2% from the years 2025 to 2032 on account of the robust manufacturing base prevalent in the United States and the exponential growth of the automotive sector in Mexico in the foreseeable future. High-demand electric cars featuring advanced capabilities and technologies can positively impact the market. Additional investments by Tesla, Inc. within the U.S. to produce more electric vehicles and related modern parts for automobiles will also be projected to increase the demand for adhesive tapes further.
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Growth in the Automotive Industry
Stringent Environmental Regulations
Raw Material Price Fluctuations
Poor Adhesion to Complex Substrates
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Major competitors of the highly competitive automotive adhesive tapes market are 3M, Avery Dennison, Tesa SE, and Nitto Denko Corporation. Companies focus on innovation and offer superior adhesive solutions that are tailor-made to new automotive needs such as electrification and lightweighting. Strategic alliances, mergers, and acquisitions often form part of the strategy for increasing market reach. While significant investments in R&D for high-performance and sustainable products are focused by global firms, regional companies compete through offerings of affordable products.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, with increasing demand for modern cars to possess strong, durable, and light bonding solutions, the global automotive adhesive tapes market is expected to grow significantly. Elements such as the explosive growth of the automobile industry, moving towards electric and hybrid cars, and strict environmental restrictions are fueling market innovation. Tapes manufactured from polyvinyl chloride and polypropylene are gaining increased popularity due to their excellent performance and adaptability. However, problems such as volatile raw material prices and limitations on adhesion to complex surfaces remain. Leaders in the globe and regional players focused on cutting-edge, environmentally friendly solutions dominate the competitive landscape. The market is expected to grow steadily with further development and acceptance, keeping up with the shifting trends of the automobile industry and technological breakthroughs.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.52 Billion |
Market size value in 2032 | USD 6.20 Billion |
Growth Rate | 6.5% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Automotive Adhesive Tapes Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Adhesive Tapes Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Adhesive Tapes Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automotive Adhesive Tapes Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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