Automotive Adhesive Tapes Market Growth at a CAGR of 11.3% from 2021 to 2030

The Automotive Adhesive Tapes market is projected to grow from USD 5.69 billion in 2020 to reach USD 8.70 billion by 2030; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 11.3% from 2021 to 2030.

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Growth Factors

 Growing usage of advanced functional materials to improve aesthetics, reduce weight, and enhance the performance of vehicles is expected to drive the market growth.

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 product demand. In addition, the increasing focus of manufacturers on the development of lightweight vehicles will augment the product demand. Growing replacement of nut bolt fasteners to reduce the vehicle weight and improve aesthetics is expected to drive the market over the forecast period.

Report Coverage

Report Scope Details
Market Size USD 8.70 billion by 2030
Growth Rate CAGR of 11.3% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Application, Adhesive Chemistry
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned L&L Products, Inc.; Sika Automotive AG; The 3M Company; Nitto Denko Corp.; Lida Industry Co., Ltd.; ThreeBond Co., Ltd.; PPG Industries; ABI Tape Products; Adchem Corporation; Avery Dennison Corp.; Saint Gobain; Berry Plastics; Tesa SE; Lintec Corp.

Report Highlights

 The interior attachment application segment led the market in 2021, accounting for a revenue share of over 40%. This is attributed to the increasing demand for premium cars with an aesthetically improved environment and enhanced drive performance, which, in turn, is expected to increase the number of components to be fastened in the car interiors.

The solvent application segment led the market in 2020 with a revenue share of over 54%. Superior adhesion properties of solvent materials and wide adoption by the automotive OEMs support product penetration in automotive applications. Solvent-based adhesive technology can be characterized in rubber-based solvents and acrylic solvents.

The emulsion-based product segment is expected to witness the fastest CAGR of 12.7% during the forecast years on account of wide usage of these products due to high chemical & heat resistance and performance profile at low cost. These are water-based adhesives that are made of EVA or acrylic synthetic resin polymers, vinyl acetate in water, thus have low VOC contents.

Europe dominated the market with a revenue share of about 37% in 2021 and is expected to accelerate at a steady CAGR over the forecast period. This trend is attributed to the high per vehicle tape content in European brand automotive, coupled with the rising production of Electric Vehicles (EV)/Hybrid Electric Vehicles (HEV) segment vehicles, which exhibits a higher penetration of adhesive tapes.

Key Players

  • L&L Products, Inc.
  • Sika Automotive AG
  • The 3M Company
  • Nitto Denko Corp.
  • Lida Industry Co, Ltd.
  • ThreeBond Co., Ltd.
  • PPG Industries
  • ABI Tape Products
  • Adchem Corporation
  • Avery Dennison Corp.
  • Saint Gobain
  • Berry Plastics
  • Tesa SE
  • Lintec Corp.

Market Segmentation

  • Application
    • Wire Harnessing
    • Powertrain
    • Acoustic Insulation
    • Interior Attachment
    • Exterior Attachment
    • Electronics
    • Chassis & Wheels
  • Adhesive Chemistry
    • Solvent-based Adhesives
    • Emulsion-based Adhesives
    • Hot Melt Adhesives
    • Radiation Adhesives
  • Regional
    • North America
      • U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K.
      • Italy
      • Spain
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Rest of the World

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

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.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Automotive Adhesive Tapes Market, By Application

7.1.  Automotive Adhesive Tapes Market, by Application, 2021-2030

7.1.1.    Wire Harnessing

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Powertrain

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Acoustic Insulation

7.1.3.1.        Market Revenue and Forecast (2017-2030)

7.1.4.    Interior Attachment

7.1.4.1.        Market Revenue and Forecast (2017-2030)

7.1.5.    Exterior Attachment

7.1.5.1.        Market Revenue and Forecast (2017-2030)

7.1.6.    Electronics

7.1.6.1.        Market Revenue and Forecast (2017-2030)

7.1.7.    Chassis & Wheels

7.1.7.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Automotive Adhesive Tapes Market, By Adhesive Chemistry

8.1.  Automotive Adhesive Tapes Market, by Adhesive Chemistry, 2021-2030

8.1.1.    Solvent-based Adhesives

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    Emulsion-based Adhesives

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Hot Melt Adhesives

8.1.3.1.        Market Revenue and Forecast (2017-2030)

8.1.4.    Radiation Adhesives

8.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Automotive Adhesive Tapes Market, Regional Estimates and Trend Forecast

9.1.  North America

9.1.1.    Market Revenue and Forecast, by Application (2017-2030)

9.1.2.    Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.1.3.    U.S.

9.1.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.3.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.1.4.    Rest of North America

9.1.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.1.4.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.2.  Europe

9.2.1.    Market Revenue and Forecast, by Application (2017-2030)

9.2.2.    Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.2.3.    UK

9.2.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.3.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.2.4.    Germany

9.2.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.4.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.2.5.    France

9.2.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.5.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.2.6.    Rest of Europe

9.2.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.2.6.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.3.  APAC

9.3.1.    Market Revenue and Forecast, by Application (2017-2030)

9.3.2.    Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.3.3.    India

9.3.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.3.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.3.4.    China

9.3.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.4.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.3.5.    Japan

9.3.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.5.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.3.6.    Rest of APAC

9.3.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.3.6.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.4.  MEA

9.4.1.    Market Revenue and Forecast, by Application (2017-2030)

9.4.2.    Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.4.3.    GCC

9.4.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.3.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.4.4.    North Africa

9.4.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.4.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.4.5.    South Africa

9.4.5.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.5.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.4.6.    Rest of MEA

9.4.6.1.        Market Revenue and Forecast, by Application (2017-2030)

9.4.6.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.5.  Latin America

9.5.1.    Market Revenue and Forecast, by Application (2017-2030)

9.5.2.    Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.5.3.    Brazil

9.5.3.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.3.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

9.5.4.    Rest of LATAM

9.5.4.1.        Market Revenue and Forecast, by Application (2017-2030)

9.5.4.2.        Market Revenue and Forecast, by Adhesive Chemistry (2017-2030)

Chapter 10.  Company Profiles

10.1.              L&L Products, Inc.

10.1.1.  Company Overview

10.1.2.  Application Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              Sika Automotive AG

10.2.1.  Company Overview

10.2.2.  Application Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              The 3M Company

10.3.1.  Company Overview

10.3.2.  Application Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Nitto Denko Corp.

10.4.1.  Company Overview

10.4.2.  Application Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Lida Industry Co, Ltd.

10.5.1.  Company Overview

10.5.2.  Application Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              ThreeBond Co., Ltd.

10.6.1.  Company Overview

10.6.2.  Application Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              PPG Industries

10.7.1.  Company Overview

10.7.2.  Application Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

10.8.              ABI Tape Products

10.8.1.  Company Overview

10.8.2.  Application Offerings

10.8.3.  Financial Performance

10.8.4.  Recent Initiatives

10.9.              Adchem Corporation

10.9.1.  Company Overview

10.9.2.  Application Offerings

10.9.3.  Financial Performance

10.9.4.  Recent Initiatives

10.10.           Avery Dennison Corp

10.10.1.               Company Overview

10.10.2.               Application Offerings

10.10.3.               Financial Performance

10.10.4.               Recent Initiatives

10.11.           Saint Gobain

10.11.1.               Company Overview

10.11.2.               Application Offerings

10.11.3.               Financial Performance

10.11.4.               Recent Initiatives

10.12.           Berry Plastics

10.12.1.               Company Overview

10.12.2.               Application Offerings

10.12.3.               Financial Performance

10.12.4.               Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

Glossary of Terms

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