Automotive Adhesive Tapes Market Methodology And Scope By 2030

Automotive Adhesive Tapes Industry Overview

The global automotive adhesive tapes market size was estimated at USD 3.1 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 6.5% from 2022 to 2030.

Rapid replacement of nut bolt fasteners to reduce the vehicle weight and improve aesthetics is expected to drive the tapes market over the forecast period. The ongoing COVID-19 outburst across the globe has significantly impacted the supply chains as major economies across the globe suspended the trade operations. Moreover, the production operations have witnessed a pullback in 2020 owing to a suspension of manufacturing operations and reduced demand from the end-user segment, thus impacting the tapes market.

Gather more insights about the market drivers, restrains and growth of the Global Automotive Adhesive Tapes Market

China automotive adhesive tapes market size, by application, 2020 - 2030 (USD Million)

The market for Automotive Adhesive Tapes is finally reaching pre-COVID levels, with a strong growth rate predicted over the projection period, owing to the economic recovery in most emerging countries. The frequent suspension of public transportation, along with the virus's highly infectious nature, fueled demand for passenger automobiles, resulting in an increase in demand for Automotive Adhesive Tapes goods. However, unexpected circumstances resulting from the pandemic's third and subsequent waves are reflecting a gloomy picture.

The global automotive market is witnessing switching trends with growing popularity and demand for electric vehicles. Prominent vehicle manufacturers are aiming to comply with environmental standards and emission norms by reducing vehicle pollutants at a significant level. Thus, battery-operated vehicles including cars, mini trucks, and others are gaining popularity across the globe which in turn are expected to positively impact tapes market.

There has been a positive outlook in the automotive sector across the developed markets such as the U.S. to developing markets such as India. Technological developments and performance enhancements in vehicles have led to the installation of specialized components, which is expected to have a positive impact on the automotive tapes market.

The global automotive industry is growing at a rapid pace on account of the accelerating technological transformations such as the introduction of no-petroleum-based fuel or hybrid vehicles, autonomous driving, and new mobility services. The industry is expected to witness significant growth owing to the increasing sales and demand in the emerging economies of India, China, and Brazil, thus exhibiting positive growth potential for tapes industry.

Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.

  • Pressure Sensitive Adhesive Tapes Market - The global pressure sensitive adhesive tapes market size was valued at USD 60.30 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030.
  • Unidirectional Tapes Market - The unidirectional tapes market size was estimated at USD 154.3 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 15.9% from 2021 to 2028.

Key Companies profiled:

Some prominent players in the global automotive adhesive tapes market include

  • 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

Order a free sample PDF of the Automotive Adhesive Tapes Market Intelligence Study, published by Grand View Research.

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