The automotive adhesive tape market was valued at US$8.140 billion in 2018 and is estimated to grow at a CAGR of 6.50% during the forecast period. Automotive adhesive tapes are increasingly deployed under the bonnet, on the body, and the interior and exterior trim of the car. The demand for these tapes is largely driven by the need to reduce the vehicle weight to the minimum since it offers a clear advantage over the traditional mechanical fixing. Growing automotive production across the globe is playing an important role in the augmented consumption of adhesive tapes. With this, burgeoning investments in an electric vehicle is further going to propel the market growth since these tapes will be used to ensure user safety. Thus, the market is expected to grow at a good rate over the forecast period owing to the growing adoption of electric vehicle and increased focus towards reducing vehicle weight to reduce emission rate.
Drivers
Burgeoning automotive production
Rising Investments in electric vehicle
Restraints
Presence of alternative methods for automotive fixing
Industry Update
In July 2017, Intertape Polymer Group completed transaction to acquire Canadian Technical Tape Ltd. In order to expand their offerings of automotive tapes in the North America region.
The major players profiled in the Automotive adhesive tape market include 3M, tesa SE, NITTO DENKO CORPORATION, AVERY DENNISON CORPORATION, HENKEL AG, Scapa Group plc, Lohmann GmbH & Co. KG, LINTEC Corporation, Intertape Polymer Group, Shurtape Tehnologies, LLC., BOSTIK, DIC Corporation, GERGONNE, TOYOCHEM CO., LTD., and Parafix Tapes & Conversions Ltd.
Segmentation
The automotive adhesive tape market has been analyzed through the following segments:
By Coating Technology
Solvent-based
Hot-Melt based
Water-based
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Drivers
Burgeoning automotive production
Rising Investments in electric vehicle
Restraints
Presence of alternative methods for automotive fixing
Industry Update
In July 2017, Intertape Polymer Group completed transaction to acquire Canadian Technical Tape Ltd. In order to expand their offerings of automotive tapes in the North America region.
The major players profiled in the Automotive adhesive tape market include 3M, tesa SE, NITTO DENKO CORPORATION, AVERY DENNISON CORPORATION, HENKEL AG, Scapa Group plc, Lohmann GmbH & Co. KG, LINTEC Corporation, Intertape Polymer Group, Shurtape Tehnologies, LLC., BOSTIK, DIC Corporation, GERGONNE, TOYOCHEM CO., LTD., and Parafix Tapes & Conversions Ltd.
Segmentation
The automotive adhesive tape market has been analyzed through the following segments:
By Coating Technology
Solvent-based
Hot-Melt based
Water-based
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Table of Contents
1. INTRODUCTION
2. RESEARCH METHODOLOGY
4. MARKET DYNAMICS
5. AUTOMOTIVE ADHESIVE TAPE MARKET BY COATING TECHNOLOGY
6. AUTOMOTIVE ADHESIVE TAPE MARKET BY GEOGRAPHY
7. COMPETITIVE INTELLIGENCE
8. COMPANY PROFILES
Companies Mentioned
- 3M
- tesa SE
- NITTO DENKO CORPORATION
- AVERY DENNISON CORPORATION
- HENKEL AG
- Scapa Group plc
- Lohmann GmbH & Co. KG
- LINTEC Corporation
- Intertape Polymer Group
- Shurtape Tehnologies, LLC.,
- BOSTIK (an Arkema Company)
- DIC Corporation
- GERGONNE
- TOYOCHEM CO., LTD.
- Parafix Tapes & Conversions Ltd
Methodology
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