Automotive Adhesive Tapes Market (By Adhesive Type: Acrylic, Rubber, Silicone, Others; By Backing Material: Polypropylene, Polyvinyl Chloride, Paper, Others; By Application: Exterior, Interior, Wire Harnessing, Others) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global automotive adhesive tapes market size was USD 4.17 billion in 2023, accounted for USD 4.38 billion in 2024, and is expected to reach around USD 6.92 billion by 2033, expanding at a CAGR of 5.2% from 2024 to 2033.
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The Europe automotive adhesive tapes market size was estimated at USD 1.17 billion in 2023 and is predicted to be worth around USD 2.04 billion by 2033, at a CAGR of 5.7% from 2024 to 2033.
Europe acquires almost 28.14% of the total market revenue share, and the region is expected to boost significantly during the forecast period. The presence of major automotive companies, including Volkswagen AG, Mercedes-Benz Group, Stellantis AV and Renault SA, has contributed to the great demand for automotive adhesive tapes in Europe.
The automotive adhesive tape market in North America is expected to expand at a robust rate during the projected time. Increased automobile production, changing customer requirements as well as research and development (R&D) activities for new product development are significant factors to propel the market’s growth in the region. With the rising development of electric vehicles, the market for automotive adhesive tapes is developing at a noticeable rate in Latin America, the Middle East and Africa. Increased investment in electric automobiles in the gulf countries is a major factor in boosting the market’s growth in the Middle East. Considering Latin America, Brazil dominates the market, whereas Argentina is expected to grow significantly during the forecast period.
Market Overview
Automotive adhesive tapes bond surfaces together in order to improve the function of vehicle components. Automotive adhesive tapes are used in vehicles for numerous reasons, including wire harnessing, sealing, insulation and surface protection. Automotive adhesive tapes have reduced the use of screws, nuts and bolts by adding unmatched value to modern vehicles without negotiating with the quality.
Adhesive tapes have a wide range of applications in the automotive industry. Automotive adhesive tapes ensure cell-to-cell bonding, and integrity of the structure, act as compression pads, offer busbar shield and proper electrical insulation, and reduce vehicle weight by making it light and fuel efficient.
Moreover, adhesive tapes provide additional safety and support for components in vehicles. Masking tapes, acrylic foam, and harness tape are a few types of automotive adhesive tapes. While increasing the line productivity in the automotive industries, these adhesive tapes are likely to reduce the cost of vehicles. Due to rising environmental concerns, manufacturers involved in the global automotive adhesive tape market are focused on developing biodegradable adhesive tapes.
Due to their strength, durability and excellent temperature resistance properties, double-sided adhesive tapes have enormous demand from the automotive industry.
The global automotive adhesive tape market is predicted to expand at a CAGR of 6.5% during the forecast period. Adhesive tapes are considered a key component in the automotive industry; improving the automotive industry and economies across the globe are seen as significant driving factors for the market’s growth. The rising requirements for enhanced performance of vehicles have boosted the demand for automotive adhesive tapes globally.
The global automotive industry is focused on utilizing advanced and efficient materials for wire harnessing in vehicles; this is observed as a significant driver for the growth of the global automotive adhesive tape market. Moreover, the rising demand for adhesive tapes from electric vehicle manufacturers is fueling the market’s growth at a noticeable rate. Proper use of automotive adhesive tape may reduce the requirement for maintenance and repair services; this beneficial factor will increase the demand for tape in the automotive industry.
Increasing awareness about electric vehicles globally positively impacts the automotive adhesive tape market. Prominent companies involved in the automotive adhesive tape market are focused on developing more environmentally friendly yet efficient adhesive tapes. This factor is considered to boost the market’s growth during the projected time. Moreover, rising investments in developing critical components in the automotive industry are propelling the market’s growth.
However, solvent-based adhesives are harmful to the environment, and the rising environmental concerns are prone to hamper market growth due to solvent-based adhesives. Considering the same restraint, the growing number of stringent policies regarding VOC emission is another restraining factor for developing the global automotive adhesive tape market. Moreover, the cohesive failure of adhesive tapes will likely hinder the market’s growth. Improper use of automotive adhesive tapes can result in failure; this factor restraints the development of the market.
Report Coverage | Details |
Market Size in 2023 | USD 4.17 Billion |
Market Size in 2024 | USD 4.38 Billion |
Market Size by 2033 | USD 6.92 Billion |
Growth Rate from 2024 to 2033 | CAGR of 5.2% |
Largest Market | Asia Pacific |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | By Adhesive Type, By Backing Material, and By Application |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Rising trend of electric vehicles across the globe
The demand for electric vehicles is increasing due to rising concerns of environmental crises across the globe. The increasing manufacturing of electric vehicles is a proven driver for the growth of the automotive adhesive tape market as they provide unmatched advantages in the overall design of electric vehicles. Adhesive tapes have a wide range of applications in electric vehicles. Double-sided automotive adhesive tapes ensure the structural integrity of the vehicle. The acrylic foam technology of adhesive tapes reduces the weight of vehicles.
Moreover, automotive adhesive tapes control the electric vehicle battery temperature skillfully. Electric vehicles contain multiple cells, and double-sided automotive adhesive tapes are applied in electric vehicles to protect sensitive components of the vehicle from the continuous current flow. Single-sided and double-sided automotive adhesive tapes are observed to replace nuts and bolts by reducing the significant weight of the vehicle. Considering these advantages of adhesive tapes for electric vehicles, the rising electric vehicle industry will propel the growth of the automotive adhesive tape market.
Fluctuating prices of raw materials
The raw materials required for manufacturing automotive adhesive tapes include polymers, solvents, rubber, dispersions, acrylic resins and silicon. The prices of solvent-based materials are vulnerable to fluctuation. Moreover, the set-up cost for an acrylic resin factory is expensive, and the lack of manufacturers in the market apparently results in volatility in the prices of acrylic resins.
The volatility in the availability of raw materials required in the manufacturing of adhesive tapes adversely impacts the costs of such materials. Price fluctuations result in delayed or minimized production, and such conditions negatively affect the company’s revenue. Thus, changes in raw materials prices hinder the growth of the automotive adhesive tape market.
Utilization of nanotechnology in the manufacturing of adhesive tape
The short span of adherence of adhesive tapes causes an obstacle by limiting the purchasing of tapes. Prominent companies in the automotive adhesive tape market are focused on developing adhesive tapes by utilizing nanotechnology to boost their function. Nanotechnology deals with nanomaterials, whereas nanomaterials are proven materials to function in a wide range of temperatures.
Unlike traditional adhesive tapes, automotive adhesive tapes made with nanotechnology are less prone to lose their adherence. Nanotechnology's application in adhesive tapes makes the tapes ultra-light and thin yet strong. The possibility of improved performance of automotive adhesive tapes by utilizing nanotechnology will bring standardization in the manufacturing process for companies by offering unmatched advantages.
Covid-19 Impacts:
The coronavirus outbreak has shown adverse effects on almost every industry globally. Similarly, the global automotive adhesive tape market suffered a massive loss during this critical period. The growth of the automotive adhesive tape market is directly linked to the automotive industry. The pandemic disrupted the automotive industry, resulting in reduced demand for automotive adhesive tapes.
The prolonged lockdown and moving restriction impacted business activities, including partnerships, acquisitions and new product launches. Moreover, the disturbed supply chain and prolonged halt in manufacturing due to the lockdown adversely affected the global automotive adhesive tape market.
The acrylic segment is leading the automotive adhesive tape market. However, the fluctuating prices of acrylic resins may hamper the segment’s growth. The water and thermal resistance properties of acrylic have boosted its importance in the automotive adhesive tape market. Acrylics are used for masking adhesive tape, and acrylic resins offer additional pressure-sensitive adhesion for tapes along with optical clarity. Additionally, acrylics have high shear strength and excellent durability, which makes them an ideal adhesive for mechanical tapes.
Moreover, the silicone segment in adhesive type is growing significantly. Silicone is a flexible and durable adhesive for automotive components that can withstand extreme weather conditions. The pressure-sensitive automotive adhesive tapes made with silicone polymer can maintain their performance in various temperature ranges and moisture conditions.
The polyvinyl chloride (PVC) segment is expected to boost at a significant rate during the forecast period. PVC is a thermoplastic material which offers excellent mechanical properties, and Polyvinyl chloride (PVC) backing material is flame and water-resistant. PVC is considered an ideal backing material for interior and exterior applications in the automotive industry. PVC, for instance, has the potential to be soft and is best suited for insulation applications and masking.
At the same time, polypropylene is widely used for economic reasons. Long and unbreakable strips of polypropylene-based adhesive tapes are widely used for interior applications in a vehicle. However, the temperature resistance limitations of polypropylene challenge its application in automobiles.
The interior segment of the application accounts for 37% of the global market revenue share. Double-sided automotive adhesive tapes are widely used in the interior decoration of a car to enhance its aesthetics. Automotive adhesive tapes are applied to mirrors, caravans and motor homes for car interiors. The rising trend of complex infotainment systems in automobiles has boosted the demand for pressure-sensitive automotive adhesive tapes in the market.
Along with this, the increasing inclination of consumers towards luxury goods for vehicles is propelling the growth of the interior application segment. Small-scale vendors and workshop owners have enormous requirements for internal automotive adhesive tapes. Interior applications such as electronic mirror mounting, seating detection sensor mounting, display mounting and infotainment system mounting are possible with automotive adhesive tapes.
Moreover, a vehicle requires harnessing for almost 2.5-5 kilometers of wire. Adhesive tapes are considered to be the ideal material for mechanical harnessing. The rising requirements for reliable harnessing in electric vehicles are expected to fuel the growth of the wire harnessing segment. Soft PVC adhesive tapes are widely used for wire harnessing in a vehicle.
Recent Developments
Segments Covered in the Report:
By Adhesive Type
By Backing Material
By Application
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Automotive Adhesive Tapes Market
5.1. COVID-19 Landscape: Automotive Adhesive Tapes Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Automotive Adhesive Tapes Market, By Adhesive Type
8.1. Automotive Adhesive Tapes Market, by Adhesive Type, 2024-2033
8.1.1 Acrylic
8.1.1.1. Market Revenue and Forecast (2021-2033)
8.1.2. Rubber
8.1.2.1. Market Revenue and Forecast (2021-2033)
8.1.3. Silicone
8.1.3.1. Market Revenue and Forecast (2021-2033)
8.1.4. Others
8.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 9. Global Automotive Adhesive Tapes Market, By Backing Material
9.1. Automotive Adhesive Tapes Market, by Backing Material, 2024-2033
9.1.1. Polypropylene
9.1.1.1. Market Revenue and Forecast (2021-2033)
9.1.2. Polyvinyl Chloride
9.1.2.1. Market Revenue and Forecast (2021-2033)
9.1.3. Paper
9.1.3.1. Market Revenue and Forecast (2021-2033)
9.1.4. Others
9.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 10. Global Automotive Adhesive Tapes Market, By Application
10.1. Automotive Adhesive Tapes Market, by Application, 2024-2033
10.1.1. Exterior
10.1.1.1. Market Revenue and Forecast (2021-2033)
10.1.2. Interior
10.1.2.1. Market Revenue and Forecast (2021-2033)
10.1.3. Wire Harnessing
10.1.3.1. Market Revenue and Forecast (2021-2033)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2021-2033)
Chapter 11. Global Automotive Adhesive Tapes Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.1.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.1.3. Market Revenue and Forecast, by Application (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.1.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.1.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.1.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.1.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.2.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.2.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.2.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.2.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.2.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.2.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.2.6.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.2.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.2.7.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.2.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.3.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.3.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.3.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.3.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.3.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.3.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.3.6.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.3.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.3.7.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.3.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.4.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.4.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.4.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.4.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.4.6.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.4.6.3. Market Revenue and Forecast, by Application (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.4.7.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.4.7.3. Market Revenue and Forecast, by Application (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.5.3. Market Revenue and Forecast, by Application (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.5.4.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.5.4.3. Market Revenue and Forecast, by Application (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Adhesive Type (2021-2033)
11.5.5.2. Market Revenue and Forecast, by Backing Material (2021-2033)
11.5.5.3. Market Revenue and Forecast, by Application (2021-2033)
Chapter 12. Company Profiles
12.1. Saint Gobain Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Maxell Ltd
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Coroplast Tape Corporation
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Tecman Specialty Materials Ltd
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. 3M Company
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Berry Global Inc
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. National Tape Corporation
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. ORAFOL Europe GmbH
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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