Automotive Adhesive Tapes Market

Automotive Adhesive Tapes Market Size, Share, Growth Analysis, By Application(Wire Harnessing, Powertrain), By Adhesive Chemistry(Solvent-based Adhesives, Emulsion-based Adhesives), By Regional(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG15H2008 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Automotive Adhesive Tapes Market Insights

Market Overview:

The size of the global market for automotive adhesive tapes was evaluated at USD 3.1 billion in 2021, and it is anticipated to increase at a CAGR of 6.5% from 2022 to 2030. Over the forecast period, the market for tapes is anticipated to be driven by the quick replacement of nut and bolt fasteners to reduce vehicle weight and improve aesthetics. The ongoing COVID-19 outbreak has had a huge impact on supply chains because major economies around the world have banned commerce. Also, the production activities saw a slowdown in 2020 as a result of the suspension of manufacturing activities and the decline in end-user demand, which had an effect on the tapes market.

Automotive Adhesive Tapes Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Paper Packaging by segment aggregation, the contribution of the Paper Packaging in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Automotive Adhesive Tapes was estimated to be valued at US$ XX Mn in 2021.

The Automotive Adhesive Tapes Market is estimated to grow at a CAGR of XX% by 2028.

The Automotive Adhesive Tapes Market is segmented on the basis of Application, Adhesive Chemistry, Regional.

Based on region, the Automotive Adhesive Tapes Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Automotive Adhesive Tapes Market are L&L Products, Inc., Sika Automotive AG, The 3M Company, Nitto Denko Corporation, Lida Industry Co, Ltd., ThreeBond Co., Ltd., PPG Industries, ABI Tape Products, Adchem Corporation, Avery Dennison Corporation, Saint Gobain, Berry Plastics, tesa SE, Lintec Corporation.

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Automotive Adhesive Tapes Market

Product ID: UCMIG15H2008

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