Automotive Adhesive Tape Market Insights: The Key to Unlocking Market Dynamics and Opportunities
Category - Chemical & Materials
Report Code - OMR-CM-218
Format: PDF, PPT, and Excel
Automotive Adhesive Tape Market Registers a CAGR of 5.0%; Automation Among the Automotive Industry, Increasing Aftermarket Sales, Increasing Electric Vehicle Sales, and a Rapid Post COVID-19 Growth to Anticipate Heavy Sales
Automobile adhesive tapes are specialized bonding materials used to assemble different automobile parts both inside and outside the vehicle. These tapes offer exceptional physical characteristics, including great resistance to extreme weather or temperatures to prolong the lifespan of automobiles and increase driving convenience. Insulating tapes can shield delicate electronic parts, air conditioners, dashboard stereos, lights, and batteries, among other things.
The widespread supply chain disruption and a protracted shutdown of manufacturing facilities caused by COVID-19 had a significant negative impact on the global market for automotive adhesive tapes. Government lockdown measures, such as travel bans and restrictions, put the auto industry at risk since they caused manufacturing delays and a sharp decline in demand. But the unexpected pandemic epidemic undermined investor confidence. Worldwide auto production substantially decreased as a result. This has a significant impact on the supply chain down to the component level.
Key Takeaways of the Automotive Adhesive Tape Market
By Purpose
Masking can be useful in all painting and repair processes. To avoid unintentionally splattering paint or dirt on parts that aren't currently being worked on, masking is an essential step in the refinishing of automobiles.
By Adhesive Type
Natural rubber is a common component of pressure-sensitive adhesive (PSA) tapes. Natural rubber is composed of lengthy polymer chains. The polymer chains are extremely long and mobile, making the adhesive produced by mixing it with the resin sticky and extremely bendable.
By Region
The majority of the global market was dominated by the Asia-Pacific region. The market's pace is fueled by low labor costs, inexpensive raw materials, a quickly growing metropolitan population, and a dense concentration of automakers.
Auto Sector Automation and Increased Supply-Demand Cycles Predict Growth
Automobile tapes have a considerable market, and several variations are offered in roll and kilogram quantities. Despite the rarity of container sales of tapes, this industry is one in which many regional companies operate. To match the supply from other locations, players must become more aggressive and friendly. Additionally, the top player confronts fierce competition, and North America and Europe have more players overall.
In a vehicle, tapes are used for various things, including mounting electronic components, grounding and shielding, marking battery modules and packages, electrical insulation of cells and modules, sealing battery packs, and more. The number of electric vehicles on the road is also anticipated to increase the need for tapes used in interior mounting and wire harnesses.
Lightweight Products to Increase Automotive Tape Acceptance
The strict implementation of emission regulations around the world has prompted automakers to use lightweight materials and body designs to increase vehicle performance and adhere to standards. This has led to an increase in the usage of automotive tapes for various applications, including the aero flap, bodyside molding, roof ditch trim, window frame, cable mounting, and numerous others. Additionally, with specialized automotive adhesives like foam-backed tapes that provide greater noise and vibration resistance, the acoustic proofing of a car can be improved.
Due to the necessary qualifications, training, and frequent inspections for welded metal-to-metal bonding, labor costs are much higher than for car tapes, but using adhesive tapes requires less training. It produces higher-quality results at a lower cost. As a result of increased sales, it helps to reduce the cost of the finished product, which benefits both the buyer and the manufacturer. Adhesives also disperse holding forces along the entire bond line, unlike fasteners, which only do so where they are positioned. Additionally, adhesives produce a stronger bond and maintain things together longer than fasteners.
Global Automotive Adhesive Tape Market Prominent Players
• Shurtape Technologies, LLC (U.S.)
• Coating & Converting Technologies, Inc. (U.S.)
• ThreeBond International, Inc. (U.S.)
• Scapa (U.K.)
• Berry Global Group, Inc. (U.S.)
• PPG Industries, Inc. (U.S.)
• PPI Adhesive Products (Ireland)
• L&L Products (U.S.)
• ORAFOL Europe GmbH (Germany)
• Saint-Gobain (France)
• ECHOtape (Canada)
• Mactac (US)
Report Scope for Automotive Adhesive Tape Market
Material Type
• Polyester
• Polypropylene
• Polyvinyl Chloride
• Others
Purpose
• Bonding
• Masking
• NVH
• Others
Adhesive Type
• Acrylic
• Rubber
• Silicone
• Others
Adhesive Tape Market Regional Segmentation
North America
o U.S.
o Canada
o Mexico
Europe
o Germany
o U.K.
o France
o Spain
o Italy
o Rest of Europe (RoE)
Asia Pacific (APAC)
o Japan
o China
o India
o South Korea
o Rest of APAC
Latin America
o Argentina
o Brazil
o Rest of Latin America
Middle East & Africa
o South Africa
o UAE
o Saudi Arabia
o Rest of MEA
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