Automotive Adhesive Tape Market Size (2024 - 2029)

The automotive adhesive tape market is projected to experience growth over the forecast period, driven by the increasing demand for lightweight sealing solutions in electric vehicles and the need for alternatives to traditional mechanical fasteners. The market's expansion is supported by trends in electrification and automation, despite challenges such as the high cost of electric vehicles. Opportunities are emerging from the demand for heat-resistant and low VOC tapes, which enhance heat management and design flexibility in vehicles. The Asia-Pacific region holds a significant portion of the market share due to the rise in production and sales of both electric and conventional vehicles.

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Market Size of Automotive Adhesive Tape Industry

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Automotive Adhesive Tapes Market Summary
Study Period 2019-2029
Market Size (2024) USD 5.35 Billion
Market Size (2029) USD 7.06 Billion
CAGR (2024 - 2029) 5.70 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Automotive Adhesive Tape Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Automotive Adhesive Tape Market Analysis

The Automotive Adhesive Tape Market size is estimated at USD 5.35 billion in 2024, and is expected to reach USD 7.06 billion by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).

The COVID-19 pandemic significantly impacted the automotive adhesive tape market by disrupting the supply chain, causing production to slow and shut down and an economic downturn. While the initial impact of COVID-19 was negative, the market is on a recovery path during the forecast period.

  • The adhesive tapes are anticipated to witness growth due to the rising demand for a lightweight sealing solution in electric vehicles over the forecast period. In addition, adhesive tapes offer an attractive alternative to traditional mechanical fastening methods and play a vital role in the EV manufacturing sector.
  • Growing trends of electrification and automation are resulting in rising challenges for automotive manufacturers. The high cost of electric vehicles is a challenge that is likely to restrict the growing demand.
  • Demand for heat-resistant and low VOC automotive adhesive tapes creates lucrative opportunities to improve heat management efficiency. It is associated with IC engine cars and electric vehicles, as well as increasing the degree of freedom in vehicle interior design.
  • The Asia-Pacific region accounted for the most significant global automotive adhesive tape market share, considering the increasing production and sales of electric vehicles and conventional automobiles.

Automotive Adhesive Tape Industry Segmentation

Automotive adhesive tapes replaced traditional joining methods, such as bolts, screws, or welding. Automakers can manufacture lightweight vehicles with increased fuel economy using adhesive tapes instead of mechanical fasteners.

The automotive adhesive tape market is segmented by backing material, adhesive type, application, and geography. By backing material, the market is segmented into polyethylene terephthalate (PET), polyvinyl chloride (PVC), polypropylene (PP), paper, polyamide, and other backing materials (foam, cloth, etc.). By adhesive type, the market is segmented into epoxy, acrylic, polyurethane, silicon, and other adhesive types( rubber-based adhesives, polyesters, etc.). By application, the market is segmented into exterior, interior, powertrain, and electronics. The report also covers the market size and forecasts for the automotive adhesive tape market for 15 major countries across the major regions. For each segment, the market sizing and forecasts are done on the basis of value (USD).

Backing Material
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Paper
Polyamide
Other Backing Material (Foam, Cloth, etc.)
Adhesive Type
Epoxy
Acrylic
Polyurethane
Silicone
Other Adhesive Types (Rubber-Based Adhesives, Polyesters, etc.)
Application
Exterior
Interior
Powertrain
Electronics
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa
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Automotive Adhesive Tape Market Size Summary

The automotive adhesive tape market is poised for significant growth over the forecast period, driven by the increasing demand for lightweight and efficient sealing solutions, particularly in the electric vehicle sector. The market is recovering from the disruptions caused by the COVID-19 pandemic, which had initially led to supply chain issues and production slowdowns. Adhesive tapes are becoming a preferred alternative to traditional mechanical fasteners, offering benefits such as improved aesthetics and reduced vehicle weight. The rising trends of electrification and automation in the automotive industry are creating new opportunities for adhesive tapes, especially those that are heat-resistant and low in volatile organic compounds (VOCs). These tapes are essential for enhancing heat management efficiency in both internal combustion engine vehicles and electric vehicles, as well as providing greater design flexibility for vehicle interiors.

The Asia-Pacific region dominates the global automotive adhesive tape market, supported by the robust production and sales of electric and conventional vehicles. Countries like China, India, and Japan are leading the charge in electric vehicle production, with significant government support and incentives to boost the market. The demand for adhesive tapes is further fueled by the growing popularity of electric vehicles worldwide, as they offer cost-effective and environmentally friendly transportation solutions. Major automotive manufacturers are investing heavily in electric vehicle production, which in turn is benefiting the adhesive tape market. The market is characterized by a few key players, including 3M, Nitto Denko Corporation, Tesa SE, IPG, and AVERY DENNISON CORPORATION, who are continuously innovating to meet the evolving needs of the automotive industry.

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Automotive Adhesive Tape Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Use of Adhesive Tapes In Electric and Hybrid Vehicles

      2. 1.1.2 Adoption of Lightweight Materials in Automotive

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 High Cost of Electric Vehicles and Charging Stations

      2. 1.2.2 Hot-melt Adhesives are Replacing Adhesive Tapes

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size In Value)

    1. 2.1 Backing Material

      1. 2.1.1 Polyethylene Terephthalate (PET)

      2. 2.1.2 Polyvinyl Chloride (PVC)

      3. 2.1.3 Polypropylene (PP)

      4. 2.1.4 Paper

      5. 2.1.5 Polyamide

      6. 2.1.6 Other Backing Material (Foam, Cloth, etc.)

    2. 2.2 Adhesive Type

      1. 2.2.1 Epoxy

      2. 2.2.2 Acrylic

      3. 2.2.3 Polyurethane

      4. 2.2.4 Silicone

      5. 2.2.5 Other Adhesive Types (Rubber-Based Adhesives, Polyesters, etc.)

    3. 2.3 Application

      1. 2.3.1 Exterior

      2. 2.3.2 Interior

      3. 2.3.3 Powertrain

      4. 2.3.4 Electronics

    4. 2.4 Geography

      1. 2.4.1 Asia-Pacific

        1. 2.4.1.1 China

        2. 2.4.1.2 India

        3. 2.4.1.3 Japan

        4. 2.4.1.4 South Korea

        5. 2.4.1.5 Rest of Asia-Pacific

      2. 2.4.2 North America

        1. 2.4.2.1 United States

        2. 2.4.2.2 Mexico

        3. 2.4.2.3 Canada

      3. 2.4.3 Europe

        1. 2.4.3.1 Germany

        2. 2.4.3.2 United Kingdom

        3. 2.4.3.3 France

        4. 2.4.3.4 Italy

        5. 2.4.3.5 Rest of Europe

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle East and Africa

        1. 2.4.5.1 South Africa

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle East and Africa

Automotive Adhesive Tape Market Size FAQs

The Automotive Adhesive Tape Market size is expected to reach USD 5.35 billion in 2024 and grow at a CAGR of 5.70% to reach USD 7.06 billion by 2029.

In 2024, the Automotive Adhesive Tape Market size is expected to reach USD 5.35 billion.

Automotive Adhesive Tape Market Report Snapshots

Automotive Adhesive Tape Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)