Global Automotive Adhesive Tapes Market

Automotive Adhesive Tapes Market Size, Share, Growth Analysis, By Application (Interior Attachment, Electronics), By Adhesive Chemistry (Solvent-Based, Emulsion-Based), By Backing Material (Polypropylene, Polyvinylchloride), By Region -Industry Forecast 2025-2032

Report ID: SQMIG15H2077 | Region: Global | Published Date: January, 2025
Pages: 197 | Tables: 96 | Figures: 71

Automotive Adhesive Tapes Market News

  • In July 2023, Berry Global introduced a next-gen version of its flagship Formifor insulation compression films that feature over 30% of recycled materials. The use of recycled content in the film is expected to help in sustainability efforts in automotive manufacturing.
  • In April 2023, Berry Global Group, Inc. began the expansion of one of its large manufacturing plants for stretch films in Lewisburg, Tennessee. Early in 2024, the facility will be completed, and it will drive the rising demand for the company's sustainable highest performing stretch films that also feature its diverse portfolio of adhesives tapes for a number of sectors.
  • In February 2023, L&L Products, Inc., announced its plans to expand its production footprint in the Village of Romeo, Michigan for accommodating the automobile industry's finished goods. The project is expected to affirm the continued business growth of the company in Michigan.
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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).

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. '3M Company', 'Avery Dennison Corporation', 'Tesa SE', 'Nitto Denko Corporation', 'Henkel AG & Co. KGaA', 'Saint-Gobain Performance Plastics', 'Lohmann GmbH & Co. KG', 'Intertape Polymer Group (IPG)', 'Scapa Group plc', 'Shurtape Technologies, LLC', 'Berry Global Inc.', 'Jonson Tapes Limited', 'LINTEC Corporation', 'Adhesives Research, Inc.', 'CCT Tapes (Custom Converting Technology)'

The global automotive industry is rapidly growing due to the increased production and demand for vehicles. The demand for automotive adhesive tapes is mainly driven by the requirement for weight reduction, noise dampening, and fuel efficiency enhancement, which are in line with the innovation and sustainability objectives of manufacturers. Electric and hybrid vehicles have further increased the demand for advanced adhesive solutions in modern automotive applications.

Growing Adoption for Electrification: The global automotive adhesive tapes market to be used on EV-specific purposes, such as battery installation and thermal management, is growing based on the recent trend of going electric. Based on the rising trend of using electric cars or EVs for the future market, adhesive tapes are needed due to their design, insulation, and safety aspect.

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.

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Global Automotive Adhesive Tapes Market

Report ID: SQMIG15H2077

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