The latest market report published by Constancy Researchers “Global Automotive Adhesive Tapes Market: Growth, Future Prospects, COVID-19 Impact Analysis, Drivers, Restraints, Trends, Opportunities, Investment Landscape, and Competitive Analysis, 2017 – 2028”
Global Automotive Adhesive Tapes Market: Overview
The global automotive adhesive tapes market was valued at US$ 8.1 Billion in 2020 and is estimated to grow at a CAGR of 5.7% during the forecast period. The global automotive adhesive tapes market is anticipated to witness substantial growth in the years to come due to the growing demand for adhesive tapes in electric vehicles along with the replacement of traditional manufacturing systems in the industry. The increased sales of electric vehicles coupled with the growing government regulations for electrification of vehicles across the globe are some other key factors for the growth of the global automotive adhesive tapes market during the forecast period. Moreover, the rising demand for lightweight vehicles is one of the key opportunities for the global automotive adhesive tapes market over the upcoming years. Besides, the volatile raw material prices is one of key factors estimated to hamper the global automotive adhesive tapes market growth in the years to come.
Global Automotive Adhesive Tapes Market: COVID-19 Impact
The impact of COVID-19 has been considered in the global automotive adhesive tapes market report published by Constancy Researchers Private Limited. According to Constancy Researchers Private Limited COVID-19 analysis on the global automotive adhesive tapes market, the demand for automotive adhesive tapes has decreased due to haltin the manufacturing industry worldwide along with the decreased sales of automotive vehicles during the COVID-19 period.
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Global Automotive Adhesive Tapes Market: Report Highlights
- Based on the adhesive type, the acrylic category had a major share in 2020 and is estimated to witness fastest growth during the forecast period. This is majorly due to acrylic adhesives offers excellent bonding to different substrates including plastics, glass, stainless steel, and others.
- On the basis of application, in the automotive adhesive tapes market, the interior category had a major share and is estimated to witness substantial growth over the upcoming years due to the increased use of automotive adhesives for bonding of sunroofs, instrument panels, and others.
- Based on the regional analysis, Asia Pacific dominated the market in 2020 and is projected to grow at the highest rate during the forecast period. This is majorly due to the rising automotive manufacturing along with the increased demand for electric vehicles in the region. The rising government initiatives along with the growing urbanization and increased disposable in comein the emerging economies has increased the demand for automotive vehicles which are the key growth factors for the Asia pacific automotive adhesive tapes market growth over the upcoming years.
- Mergers & acquisitions, new product launches, strategic partnerships, and collaborations among key players are estimated to be the key strategies in the global automotive adhesive tapes market.
- As per the research by Constancy Researchers Private Limited, the global automotive adhesive tapes market is highly fragmented in nature owing to the presence of a large number of players at the global, regional, and country-level.
List of Key Players of Global Automotive Adhesive Tapes Market
- 3M
- Nitto Denko Corporation
- Tesa SE
- Avery Dennison Corporation
- Lohmann GmbH & Co. KG
- Henkel AG & Co. KG
- Sika AG
- Intertape Polymer Group
- DOW
- Lintec Corporation
- Shurtape Technologies LLC
- Scapa
- L&L Products
- Threebond International Inc.
- Bemis Associates Inc.
- Others
Global Automotive Adhesive Tapes Market: Segmentation
Constancy Researchers Private Limited has segmented the global automotive adhesive tapes market on the basis of adhesive type, backing material, product, function, application, and vehicle type and regional analysis-
Global Automotive Adhesive Tapes Market: By Adhesive Type
- Acrylic,
- Silicone
- Rubber
- Others (Polyurethane (PU), Ethylene-vinyl Acetate (EVA), and Butyl)
Global Automotive Adhesive Tapes Market: By Backing Material
- Polypropylene (PP)
- Polyvinylchloride (PVC)
- Paper
- Others (Non -woven, PET, Foam and Cotton)
Global Automotive Adhesive Tapes Market: By Product
- Double-sided
- Masking
- Reinforced
- Specialty
Global Automotive Adhesive Tapes Market: By Function
- Bonding
- NVH
- Masking
Global Automotive Adhesive Tapes Market: By Application
- Exterior
- Interior
Global Automotive Adhesive Tapes Market: By Vehicle Type
- Passenger Vehicles
- Commercial Vehicles
Global Automotive Adhesive Tapes Market: By Regional Analysis
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America (LATAM)
- Brazil
- Mexico
- Rest of Latin America (LATAM)
- Middle East & Africa (MEA)
- United Arab Emirates (UAE)
- Saudi Arabia
- Rest of Middle East & Africa (MEA)
