Global Automotive Adhesive Tapes Market is anticipated to grow significantly in the forecast period owing to the rise in demand for the product. Automotive adhesive tapes are widely used in the automotive segment to assemble the components. These tapes provide structural strength that have the potential of replacing several mechanical fasteners. They shorten assembly time, exclude the need for surface refinishing, offer uniform thickness and gap filling characteristics and improve manufacturing flexibility.
Automotive adhesive tape market is driven by increasing application in multiple areas of automobile manufacturing and rapid growth in the automobile industry. Moreover, automotive adhesive tapes are comparatively cheap than mechanical fasteners, which paves the market growth of automotive adhesive tapes. The market witnesses the trend of replacing mechanical fasteners with automotive adhesive tapes due to increase in demand for light-weight automobiles. However, growing concerns of environment are expected to restrain the market growth of automotive adhesive tapes in the years to come.
Automotive adhesive tapes industry is categorized on the basis of type, material, backing material, application and geography. On the basis of type, the market is divided into specialty and commodity tapes. Specialty tapes segment is anticipated to grow progressively in the near future owing to the constant developments in automotive industry, leading to increased demand for these tapes.
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Based on material, automotive adhesive tapes market is divided into butyl, natural rubber, acrylic and others. Butyl segment is expected to hold larger market share of automotive adhesive tape due to its features like better flexibility and high-tensile strength in low temperature, and better peel adhesion.
In terms of backing material, automotive adhesive tapes industry is classified into double-sided tapes, cloth backing, masking tapes, specialty tapes and reinforced tapes. Cloth backing segment is predicted to dominate the market of automotive adhesive tapes owing to its wide application in automotive manufacturing industry.
On the basis of application, automotive adhesive tape market is divided into interior and exterior. Interior application segment registers maximum market share of automotive adhesive tapes due to different types of material like fabrics and PVCs that improves strength and make them wear and tear resistant.
Geographically, automotive adhesive tapes industry is segmented as North America, Latin America, Europe, Asia Pacific and Middle East & Africa. Owing to the increase in demand and manufacturing of automobiles, Asia Pacific is predicted to lead the market of automotive adhesive tapes.
The major players in automotive adhesive tape industry include 3M Company, Avery Dennison Corporation, Dow Chemical Company, HB fuller, Lohmann GmbH & Co. Kg., Intertape Polymer Group, Scapa Group Plc, Tesa SE, Lintec Corporation and Shurtape Technologies, LLC.
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