Analysis of the Automotive Adhesive Tape Market: Assessment of Market Size, Trends, Statistics, and Competitors
Global Automotive Adhesive Tape Market by Material Type (Polyester, Polypropylene, Polyvinyl Chloride, and Others), by Purpose (Bonding, Masking, NVH, and Others), by Adhesive Type (Acrylic, Rubber, Silicone, and Others), and by Region (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa) – Market Size, Share, COVID-19 Impact, Regional Analysis & Forecast Till 2030
Category - Chemical & Materials
Report Code - OMR-CM-218
Format: PDF, PPT, and Excel
Automotive Adhesive Tape Market Overview
Automotive adhesive tapes are specialized bonding solutions for assembling various automotive components inside and outside the car. To make vehicles last longer and improve drivers' convenience, these tapes provide superior physical features such as high resistance to extreme weather or temperatures. Insulating tapes have numerous uses, including protecting sensitive electronic components, air conditioning units, dashboard stereos, lights, and batteries. To lower fuel consumption, adhesive tapes are used extensively due to the widespread usage of plastics and composite materials in automobiles to provide light-weighted components. The market for tapes is anticipated to be driven throughout the projected period by the rapid replacement of nut bolt fasteners to reduce vehicle weight and improve aesthetics. Aftermarket sales are expected to grow as the desire for customized vehicles and those with improved performance increases. During the forecast period, the global market for automobile adhesive tapes is expected to expand rapidly, surpassing its pre-COVID peak. The market has slowed in recent years due to the automobile industry's slowdown. Since only a negligible percentage of automotive tapes are consumed in the aftermarket, car production largely dictates the annual usage of automotive tapes. The industry, however, is anticipated to recover shortly. The global market for automotive adhesive tapes was hit hard by COVID-19 because of the widespread disruption in the supply chain and the lengthy shutdown of manufacturing units.
Automotive Adhesive Tape Market Growth Factors
Automation Within the Automobile Sector Along with an Increasing Cycle of Supply and Demand Indicates a Higher Growth Potential
There is a sizable market for automobile tapes, with several varieties available in roll and kilogram quantities. Although container sales of tapes are uncommon, several local businesses compete in this market. Players need to be more competitive and approachable to meet the supply from other regions. Furthermore, the top player faces severe competition, and the players are more saturated in Europe and North America. Companies are merging to make transportation and supply easier for high-demand areas. The Internet of Things, system integration, and other automated systems are just a few of the cutting-edge innovations that the car industry is quickly implementing to improve the ride quality for drivers. As a result, the market for automotive tapes is poised for significant expansion. This system is mounted in automobiles using a variety of automotive tapes. Additionally, there is a rise in the need for automobile tapes used in wire harnessing. It takes about 2.5-5 miles to harness the wire in the average vehicle. About an eighth of the cassettes used in a car are used for this purpose. Lightweight materials, such as automotive tapes, are widely used by the car industry to increase the power-to-weight ratio of electric vehicles. Tapes have many uses in an automobile, including but not limited to sealing battery packs, electrical insulation of cells and modules, labelling battery modules and packages, grounding and shielding, mounting electronic components, and more. In addition, the growing demand for tapes used in wire harnessing and interior mounting is expected to expand with the number of electric vehicles on the road.
Lightweight Materials During Products to Increase Acceptance of Automotive Tapes as a Product
Automotive manufacturers have been forced to utilize lightweight materials and body constructions to improve vehicle performance and fulfill the norms imposed by implementing rigorous emission rules worldwide. Due to this, more automotive tapes are used for various purposes, such as in the aero flap, bodyside molding, roof ditch trim, window frame, cable mounting, and countless others. Additionally, the acoustic proofing of a car can be improved with the help of special automotive adhesives, such as foam-backed tapes, which offer higher noise and vibration resistance. As a result, the numerous advantages of automotive tapes propel their use in the transportation sector. In addition, the automotive tapestry is gaining popularity for its ability to enhance vehicles' visual appeal. Sports vehicles, motorcycles, and car stickers are the most common places to find this tapestry. The increasing need for high-performance adhesives to improve automobile security and user-friendliness drives the market. Another factor propelling the market forward is the rising preference for luxury vehicles featuring intuitive interior layouts. Market growth is being stymied by stringent government laws mandating using environmentally friendly adhesives like low Volatile Organic Carbon (VOC) adhesive tapes to lessen the environmental impact. One major factor that could stunt the expansion of the adhesive tapes market is the volatility in the cost of key inputs. Numerous expansion possibilities exist for the industry due to massive R&D projects to create eco-friendly adhesives based on natural materials. Welded metal-to-metal bonding has significantly higher labor costs than automobile tapes due to the required certifications, training, and frequent inspections, whereas the use of adhesive tapes involves little training and offers better-quality output at a reduced cost. It aids in lowering the final product's cost, which is good for both the consumer and the manufacturer due to more sales. In addition, unlike fasteners, which only distribute holding power where they are put, adhesives do so along the entire bond line. Also, compared to fasteners, adhesives create a more robust bond and keep things together longer.
Automotive Adhesive Tape Industry Segmentation
Material Type
• Polyester
• Polypropylene
• Polyvinyl Chloride
• Others
Purpose
• Bonding
• Masking
• NVH
• Others
Adhesive Type
• Acrylic
• Rubber
• Silicone
• Others
Automotive 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
Purpose Insights
Masking Application to Widen its Foothold as They Help Eliminate Repairs
The global market can be split based on purpose into bonding, masking, NVH, and others.
All painting and repair procedures can benefit from the use of masking. Masking is a crucial step in automobile refinishing since it prevents the unintended splattering of paint or dirt on areas that aren't being worked on.
Careful masking at the outset can drastically cut down on or even eliminate the need for fixes later on. Masking tapes are the best alternative in the automobile market since they are cheap and have a strong initial tack. Used automobiles must be painted, repaired, and maintained before they can be resold, creating a profitable market for masking tape makers and others along the value chain.
Adhesive Type Insights
Rubber-based Tapes to Increase Their Sales in Volume Due to the Length and Mobility They Offer
Based on adhesive type, the global market can be fragmented across acrylic, rubber, silicone, and others.
Pressure-sensitive adhesive (PSA) tapes frequently feature natural rubber as an ingredient. Long polymer chains are what make up natural rubber. Due to the great length and mobility of the polymer chains, the adhesive created by mixing it with resin and making it sticky is exceedingly malleable. Solvent-borne natural rubber is used in these adhesives; the rubber is masticated and applied to the backing material directly from the solvent solution, which is generated by centrifuging natural rubber latex.
The emulsion of synthetic rubber latex, natural rubber latex, and ethylene-vinyl acetate-acrylate copolymer offers strong adhesion in the Japanese patent JP 11-172212 (1999). Recent patents have shown several technological advancements in the realm of anchoring improvement. The effectiveness of a natural rubber adhesive depends on factors such as the compounded resins utilized, the type of rubber employed, and any other additives. Natural rubber's characteristics are particularly well-suited to the production of pressure-sensitive tape. Natural rubber, due to its particular qualities, may experience the most expansion throughout the anticipated time frame.
Regional Insights
Asia Pacific to Stand Tall Amongst Its Counterparts as They Possess Cheaper Labor and Raw Materials for Production
The global market can be broken down into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Asia-Pacific region captured the lion's share of the worldwide market. Low-wage labor, cheap raw materials, a rapidly expanding urban population, and a high concentration of automakers contribute to the market's momentum. Many original equipment manufacturers (OEMs) are now offering hybrid body structures, which combine conventional steel and light alloy parts with newer plastic and composite materials. Due to their capacity to adhere to challenging substrates, these parts will likely increase the market for automotive adhesive tapes. Market growth for automotive adhesive tapes is anticipated in China due to the country's ambitious plans to launch over a million electrified automobiles by 2020.
In 2022, Europe is projected to have a sizable increase in its revenue share, accelerating to a CAGR of more than 5.0% over the forecast period. The increasing production of EV/HEV category vehicles, which shows a larger penetration of adhesive tapes, and the high tape content per vehicle in European brand automobiles are to blame for this development. Several well-known companies successfully compete in this sector. Around 300 automaker plants are in the area, each turning out vehicles for the local market. These companies are spending much on research and development to advance electric and hybrid vehicle markets. In 2022, Europe is projected to have a sizable increase in its revenue share, accelerating to a CAGR of more than 5.0% over the forecast period. The increasing production of EV/HEV category vehicles, which shows a larger penetration of adhesive tapes, and the high tape content per vehicle in European brand automobiles are to blame for this development. Several well-known companies successfully compete in this sector. Around 300 automaker plants are in the area, each turning out vehicles for the local market. These companies are spending much on research and development to advance electric and hybrid vehicle markets.
Few major international manufacturers have a significant presence in the North American automotive tapes market. Ten businesses produce eighty percent of all tape in North America, according to the Pressure Sensitive Tape Council (PSTC). Market growth in North America is anticipated to be spurred by factors including rising demand for electric vehicles and rising investments in R&D and process innovation.
Automotive Adhesive Tape Industry Analysis
Long-term supply contracts with major car OEMs worldwide have allowed a few of the leading global players to dominate the automotive adhesive tapes market. These companies are working to increase their market share by diversifying their product lines by introducing tapes tailored to different automobile industry niches.
Market leaders are making efforts to learn about a promising new car niche. To foresee future market potential and implement appropriate growth plans, they also attempt to identify the primary specifiers and selection criteria for cassettes in these emerging markets.
Automotive Adhesive Tape Market Recent Developments
September 2022: TESA SE created a novel packing tape with a backing made from post-consumer PET recycling. The product is made with 70% post-consumer recycled PCR and an acrylic adhesive technique that water activates. It can withstand more stress, lasts longer, and makes no noise.
October 2022: LINTEC has introduced a new plastic-free label stock option with direct thermal printers.
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)
Frequently Asked Questions (FAQs)
At what rate will the Automotive Adhesive Tape Market Expand?
Objective Market Research predicts a 5.0% CAGR for the global automotive adhesive tape market.
What are the factors driving the global Automotive Adhesive Tape market?
The global automotive adhesive tape market is estimated to grow rapidly during the forecast period due to contributing factors such as increasing automation requirements in the automotive industry, an increasing cycle of supply and demand, and widening sales of EVs among the general population.
Which segment accounted for the largest Automotive Adhesive Tape market share by purpose?
Masking is advantageous for all painting and repair procedures. Masking is essential in automobile refinishing because it prevents unintended paint or dirt splatter on unaffected areas.
What region holds the major share in the global market scape?
The Asia-Pacific region dominated the majority of the global market. The market's pace is fueled by low labor costs, inexpensive raw materials, a quickly growing metropolitan population, and a dense concentration of automakers.
Which are the dominating players in the market during the forecast period?
The dominating players in the global automotive adhesive tape market are Shurtape Technologies, LLC (U.S.), Coating & Converting Technologies, Inc. (U.S.), ThreeBond International, Inc. (U.S.), Scapa (U.K.), and Berry Global Group, Inc. (U.S.), among others.
*Our reports are available on a region/wise and chapter/wise basis as well. For any additional personalization contact our sales representative directly at sales@objectivemarketresearch.com
Table of Content
1. Introduction
1.1 Market Definition
1.2 Objective of the Study
1.3 Market Scope
1.4 Years Considered in the Study
1.4.1 Historic Year: 2019-2021
1.4.2 Base Year: 2022
1.4.3 Forecast Period: 2023-2030
1.5 Currency Used in the Study
1.6 Boundaries for the Study
1.7 Collaborators/Stakeholders/Benefactors
2. Research Methodology
2.1 Research Outline
2.2 Data Collection Methods
2.3 Data Sources
2.3.1 Secondary Sources
2.3.1.1 Paid Sources
2.3.1.2 Unpaid Sources
2.3.2 Primary Sources
2.4 Market Estimation Methodology
2.4.1 Top-Down Approach
2.4.2 Bottom-Up Approach
2.5 Data Triangulation
2.6 Assumptions of the Study
2.7 Limitations of the Study
3. Executive Summary
3.1 Market Outlook
3.2 Analysts Perspective
4. Market Overview
4.1 Market Dynamics
4.1.1 Drivers
4.1.1.1. Growing Automation Among the Automotive Industry
4.1.1.2. Increasing Cycle of Demand and Supply
4.1.2. Restrain
4.1.2.1. Slowdown of the Automotive Industry
4.1.3. Opportunities
4.1.3.1. Rising Electric Vehicles Sales
4.1.4. Impact of Market Dynamics
4.2. Impact of COVID-19 pandemic
4.3. Value Chain Analysis
4.4. Porter’s Five Forces Analysis
4.4.1. Bargaining Power of Buyers
4.4.2. Bargaining Power of Suppliers
4.4.3. Threat of Substitution
4.4.4. Threat of New Entrants
4.4.5. Competitive Rivalry
5. Global Automotive Adhesive Tape Market Analysis & Forecast, by Material from 2019-2030 (in USD million) (Units)
5.1. Polyester
5.2. Polypropylene
5.3. Polyvinyl Chloride
5.4. Others
6. Global Automotive Adhesive Tape Market Analysis & Forecast, by Purpose from 2019-2030 (in USD million) (Units)
6.1. Bonding
6.2. Masking
6.3. NVH
6.4. Others
7. Global Automotive Adhesive Tape Market Analysis & Forecast, by Adhesive Type from 2019-2030 (in USD million) (Units)
7.1. Acrylic
7.2. Rubber
7.3. Silicone
7.4. Others
8. Global Automotive Adhesive Tape Market Analysis & Forecast, by Region from 2019-2030 (in USD million) (Units)
8.1. North America
8.1.1. North America Automotive Adhesive Tape Market Analysis & Forecast, By Country
8.1.1.1. U.S.
8.1.1.2. Canada
8.1.1.3. Mexico
8.1.2. North America Automotive Adhesive Tape Market Analysis & Forecast, By Material
8.1.3. North America Automotive Adhesive Tape Market Analysis & Forecast, By Purpose
8.1.4. North America Automotive Adhesive Tape Market Analysis & Forecast, By Adhesive Type
8.2. Europe
8.2.1. Europe Automotive Adhesive Tape Market Analysis & Forecast, By Country
8.2.1.1. Germany
8.2.1.2. UK
8.2.1.3. France
8.2.1.4. Spain
8.2.1.5. Italy
8.2.1.6. Rest of Europe (RoE)
8.2.2. Europe Automotive Adhesive Tape Market Analysis & Forecast, By Material
8.2.3. Europe Automotive Adhesive Tape Market Analysis & Forecast, By Purpose
8.2.4. Europe Automotive Adhesive Tape Market Analysis & Forecast, By Adhesive Type
8.3. Asia-Pacific (APAC)
8.3.1. Asia-Pacific Automotive Adhesive Tape Market Analysis & Forecast, By Country
8.3.1.1. Japan
8.3.1.2. China
8.3.1.3. India
8.3.1.4. South Korea
8.3.1.5. Rest of the APAC
8.3.2. Asia-Pacific Automotive Adhesive Tape Market Analysis & Forecast, By Material
8.3.3. Asia-Pacific Automotive Adhesive Tape Market Analysis & Forecast, By Purpose
8.3.4. Asia-Pacific Automotive Adhesive Tape Market Analysis & Forecast, By Adhesive Type
8.4. Latin America
8.4.1. Latin America Automotive Adhesive Tape Market Analysis & Forecast, By Country/Region
8.4.1.1. Argentina
8.4.1.2. Brazil
8.4.1.3. Rest of Latin America
8.4.2. Latin America Automotive Adhesive Tape Market Analysis & Forecast, By Material
8.4.3. Latin America Automotive Adhesive Tape Market Analysis & Forecast, By Purpose
8.4.4. Latin America Automotive Adhesive Tape Market Analysis & Forecast, By Adhesive Type
8.5. Middle East & Africa
8.5.1. Middle East & Africa Automotive Adhesive Tape Market Analysis & Forecast, By Country/Region
8.5.1.1. South Africa
8.5.1.2. UAE
8.5.1.3. Saudi Arabia
8.5.1.4. Rest of Middle East & Africa
8.5.2. Middle East & Africa Automotive Adhesive Tape Market Analysis & Forecast, By Material
8.5.3. Middle East & Africa Automotive Adhesive Tape Market Analysis & Forecast, By Purpose
8.5.4. Middle East & Africa Automotive Adhesive Tape Market Analysis & Forecast, By Adhesive Type
9. Competitive Landscape
9.1. Market Share Analysis (2022)
9.2. Market Positioning of Top Players (2022)
9.3. Key Developments & Growth Strategies (2020-2022)
9.3.1. Product Launches
9.3.2. Merges, Collaborations & Agreements
9.3.3. Expansion
9.4. SWOT Analysis
10. Company Profiles (Business Overview, Products Offered, Financial Details*, Recent Developments)
10.1. Shurtape Technologies, LLC (U.S.)
10.1.1. Company Snapshot
10.1.2. Business Overview
10.1.3. Financial Data
10.1.4. Key Products Offered
10.1.5. Recent Developments
10.2. Coating & Converting Technologies, Inc. (U.S.)
10.3. ThreeBond International, Inc. (U.S.)
10.4. Scapa (U.K.)
10.5. Berry Global Group, Inc. (U.S.)
10.6. PPG Industries, Inc. (U.S.)
10.7. PPI Adhesive Products (Ireland)
10.8. L&L Products (U.S.)
10.9. ORAFOL Europe GmbH (Germany)
10.10. Saint-Gobain (France)
10.11. ECHOtape (Canada)
10.12. Mactac (US)
10.13. Others
11. Appendix
11.1. Currency Exchange Rate to USD
11.2. Abbreviations
* Financial details captured might be subjected to information available and not be given for privately-held companies or for companies that do not report it in the public domain