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Automotive Adhesive Tapes Market worth $18.39 billion by 2030, growing at a CAGR of 11.98% - Exclusive Report by 360iResearch
Automotive Adhesive Tapes Market | 360iResearch
The Global Automotive Adhesive Tapes Market to grow from USD 7.43 billion in 2022 to USD 18.39 billion by 2030, at a CAGR of 11.98%.
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Automotive adhesive tapes are specialized pressure-sensitive tapes used in the manufacturing and assembly of automobiles. These are employed to bond materials, provide acoustic and thermal insulation, mask areas during painting, and for surface protection. These tapes are designed to withstand extreme environments, with properties that cater to durability, flexibility, and resistance to chemicals and temperatures. Global expansion of automotive manufacturing directly increases the demand for automotive adhesive tapes. Moreover, advancements in materials science that offer better performance and environmental sustainability, strict emissions, and safety regulations drive the need for lightweight and secure bonding solutions. However, compliance with volatile organic compound (VOC) emissions standards adds to production complexity, and fluctuations in raw material prices can impact profitability. Nevertheless, the rising popularity of electric vehicles creates new opportunities for heat-resistant and insulation tapes. Moreover, expanding the automotive industry in developing nations may lead to increased demand for adhesive tapes.
The automotive adhesive tapes market in the Americas is witnessing steady growth, underpinned by the demand from North and South American automotive industries. The United States leads the regional market, with its advanced automotive manufacturing sector continually innovating in lightweight and fuel-efficient vehicles. This innovation extends to utilizing high-performance adhesive tapes for wire harnessing, surface protection, and component assembly applications. Adopting electric vehicles (EVs) also fosters new opportunities for adhesive tapes tailored to withstand higher temperatures and electrical insulation. The European region is at the forefront of adopting green initiatives, pushing for lower emissions, and producing eco-friendly vehicles. This has led to a greater need for specialized adhesive tapes that comply with stringent environmental standards and contribute to vehicle weight reduction. Germany, home to several of the world's leading automakers, plays a pivotal role in the EMEA adhesive tapes market. The market is varied in the Middle East and Africa, with the Middle East showing modest growth fueled by luxury car sales and an expanding automotive aftermarket industry. Asia Pacific regions showcase an opportunistic landscape for automotive adhesive tapes owing to the rapid expansion of automotive manufacturing in countries such as China, India, Japan, and South Korea. The rise in vehicle production, expansion of international OEMs into these markets, and increasing demand for passenger vehicles are significantly contributing to the growth of the automotive adhesive tape market in APAC.
Market Segmentation & Coverage:
This research report categorizes the Automotive Adhesive Tapes Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Adhesive Type, market is studied across Emulsion-based Adhesives, Hot Melt Adhesives, Radiation-Cured Adhesives, and Solvent-based Adhesives. The Hot Melt Adhesives commanded largest market share of 43.20% in 2022, followed by Emulsion-based Adhesives.
Based on Tape Type, market is studied across Double-Sided Tapes, Masking Tapes, Noise & Vibration Damping Tapes, and Speciality Tapes. The Speciality Tapes commanded largest market share of 35.32% in 2022, followed by Double-Sided Tapes.
Based on Application, market is studied across Acoustic Insulation, Chassis & Wheels, Electronics, Exterior Attachment, Interior Attachment, Powertrain, and Wire Harnessing. The Exterior Attachment commanded largest market share of 21.59% in 2022, followed by Chassis & Wheels.
Based on Deployment, market is studied across Aftermarket and OEM. The OEM commanded largest market share of 73.38% in 2022, followed by Aftermarket.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.32% in 2022, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automotive Adhesive Tapes Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automotive Adhesive Tapes Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automotive Adhesive Tapes Market, highlighting leading vendors and their innovative profiles. These include 3M Company, Advance Tapes International, AIPL Tapes Industry LLC, American Biltrite Inc., Arkema SA, ATP Adhesive Systems AG, Avery Dennison Corporation, Berry Global Group Inc., Compagnie de Saint-Gobain S.A., ECHOtape, H.B. Fuller Company, Henkel AG & Co. KGaA, Intertape Polymer Group Inc., L&L Products, Inc., Lintec Corporation, Lohmann GmbH & Co. KG, Nitto Denko Corporation, ORAFOL Europe GmbH, PPI Adhesive Products Ltd., Rogers Corporation, Schweitzer-Mauduit International, Inc., Shurtape Technologies, LLC, Sika AG, Tesa SE, The Chemours Company, The Dow Chemical Company, ThreeBond International, Inc., Triton Middle East LLC, Volz Selbstklebetechnik GmbH, and Worthen Industries, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automotive Adhesive Tapes Market, by Adhesive Type
7. Automotive Adhesive Tapes Market, by Tape Type
8. Automotive Adhesive Tapes Market, by Application
9. Automotive Adhesive Tapes Market, by Deployment
10. Americas Automotive Adhesive Tapes Market
11. Asia-Pacific Automotive Adhesive Tapes Market
12. Europe, Middle East & Africa Automotive Adhesive Tapes Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automotive Adhesive Tapes Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Adhesive Tapes Market?
3. What is the competitive strategic window for opportunities in the Automotive Adhesive Tapes Market?
4. What are the technology trends and regulatory frameworks in the Automotive Adhesive Tapes Market?
5. What is the market share of the leading vendors in the Automotive Adhesive Tapes Market?
6. What modes and strategic moves are considered suitable for entering the Automotive Adhesive Tapes Market?
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