Automotive Tape Market is Anticipated to Reach USD 5,711.3 Million, Globally by 2034 at 4.1% CAGR: Future Market Insights, Inc.

The global 𝐚𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐭𝐚𝐩𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 is poised for significant growth in the coming decade, with total sales projected to rise from 𝐔𝐒𝐃 𝟑,𝟗𝟗𝟏.𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 in 2024 to 𝐔𝐒𝐃 𝟓,𝟕𝟏𝟏.𝟑 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 by 2034, reflecting a compound annual growth rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟒.𝟏% during the forecast period.

Automotive tapes have become an integral component in modern vehicle manufacturing, offering solutions for bonding, mounting, sealing, and surface protection. The rising adoption of lightweight materials in the automotive industry, coupled with the need for advanced adhesives to enhance durability and reduce assembly time, is driving demand.

Automotive tapes are expected to witness steady demand during the forecast period. This is due to their usage as an effective and efficient bonding solution in lean assembly procedures in the automotive industry.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐨𝐭𝐞𝐧𝐭𝐢𝐚𝐥 - 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐍𝐨𝐰 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬!
https://www.futuremarketinsights.com/report-sample#5245502d47422d35373735

Automotive tapes are quicker and simpler to use than conventional fastening techniques like screws, welds, and rivets. They are more successful at bonding modern materials. High adhesive strength and superior material attachment are expected to fuel the demand for automotive tapes in interior applications.

The automotive sector is embracing lightweight and affordable materials more and more. This will likely uplift demand for automotive tapes during the forecast period.
Since these tapes help prolong the product's lifespan, the traditional fastening systems have become obsolete now. These tapes also help in the removal of corrosion and rust, lowering of noise and vibration, lessening the production and assembly time, and enhancement of product design. Such attributes are expected to enhance productivity and efficiency and cut material and production costs, which is expected to augment market growth.

𝐓𝐨𝐩 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐅𝐌𝐈'𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐓𝐚𝐩𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:

• The automotive tapes industry in North America makes a sizeable contribution to the global market. The regional market is filled with few big global players. Factors like process innovation, research and development, and large-scale automobile production are expected to propel the market.
• Europe is expected to observe significant growth in the automotive tapes industry. Huge emphasis on the creation of more efficient and lightweight vehicles is pushing the sales of automotive tapes in countries like the United Kingdom and Germany.
• The Asia Pacific is expected to display a robust growth rate in the upcoming years. Surging discretionary income, along with robust urbanization, is projected to boost the demand for automobiles, thus creating lucrative prospects for the market.
• Australia is emerging as a budding market for automotive tapes. The country is projected to observe production growth due to intensifying competition driven by new market entrants.

𝐍𝐞𝐰𝐬 𝐒𝐞𝐠𝐦𝐞𝐧𝐭: 𝐊𝐞𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐒𝐡𝐚𝐩𝐢𝐧𝐠 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭'𝐬 𝐅𝐮𝐭𝐮𝐫𝐞

• BASF SE and Toray Advanced Composites entered a contract deal in August 2019 to manufacture and supply continuous fiber-reinforced thermoplastic (CFRT) tapes for industrial and automotive markets. Toray Advanced Composites is forecast to produce affordable, high-quality CFRT tapes via Ultramid engineering thermoplastics generated and manufactured by BASF SE. This agreement is expected to improve manufacturing capacity by offering commercial availability of CFRT materials for end-users.
• BASF SE enlarged its manufacturing capacity for UV acrylic hotmelts, vended by acResin, by constructing another production unit at the Ludwigshafen site in Germany in March 2019. acResin is deployed to develop pressure-sensitive items that consist of adhesive tapes for the construction and automotive sectors. This expansion is projected to invigorate the market position of the company.

𝐃𝐢𝐯𝐞 𝐃𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚-𝐕𝐢𝐞𝐰 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞!
https://www.futuremarketinsights.com/reports/automotive-tapes-market

𝐆𝐥𝐨𝐛𝐚𝐥 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐓𝐚𝐩𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭:

• Security Labeling Tapes
• Masking Tapes
• Cable Mounting Tapes
• Surface Protection Tapes
• Wire Harnessing Tapes
• Paint Protection Tapes
• Automotive Electronics Tapes

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥:

• Polyester
• Polyurethane
• Polyvinyl Chloride
• Polyethylene
• Fluoropolymer

𝐁𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧:

• Interior
• Exterior
• Wire Harnessing

𝐁𝐲 𝐒𝐢𝐝𝐞:

• Double Sided
• Single Sided

𝐁𝐲 𝐀𝐝𝐡𝐞𝐬𝐢𝐯𝐞:

• Rubber-based Adhesive
• Acrylic-based Adhesives
• Silicon-based Adhesive
• Hot Melt Adhesive

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

• North America
• Latin America
• East Asia
• South Asia & Pacific
• Western Europe
• Eastern Europe
• Central Asia
• Russia & Belarus
• Balkan & Baltic Countries
• Middle East & Africa

𝐇𝐚𝐯𝐞 𝐚 𝐋𝐨𝐨𝐤 𝐚𝐭 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐨𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

𝐓𝐡𝐞𝐫𝐦𝐨𝐟𝐨𝐫𝐦𝐞𝐝 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/thermoformed-containers-market

𝐀𝐥𝐮𝐦𝐢𝐧𝐮𝐦 𝐅𝐨𝐢𝐥 𝐂𝐨𝐧𝐭𝐚𝐢𝐧𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/aluminum-foil-containers-market

𝐃𝐞𝐛𝐥𝐢𝐬𝐭𝐞𝐫𝐢𝐧𝐠 𝐌𝐚𝐜𝐡𝐢𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 - https://www.futuremarketinsights.com/reports/deblistering-machines-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Future Market Insights Inc.
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Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

This release was published on openPR.