DUBLIN--(BUSINESS WIRE)--The "Global Automotive Adhesive Tapes Market Report by Adhesive Type, Adhesive Chemistry, Application, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global automotive adhesive tapes market has exhibited substantial growth, with a market size that stood at US$ 9.8 Billion in 2023. The industry is on a trajectory of continued expansion, with forecasts projecting a rise to US$ 14.8 Billion by 2032, growing at a CAGR of 4.69% during the forecast period (2023-2032). These adhesive tapes, known for their flexibility, pressure sensitivity, and durability, have become integral in the automotive manufacturing process.
Driving Forces
The industry's growth is underpinned by numerous factors, including the surge in automotive production and the rising insistence on lightweight materials for vehicle manufacturing. These tapes are increasingly favored by automobile manufacturers over traditional joining techniques because they offer enhanced safety, essential weight reductions, and contribute to overall vehicle efficiency.
Environmental Factors
Environmental initiatives and sustainability goals play a significant role in market growth. There is a marked effort to minimize emissions of volatile organic compounds (VOCs), with automotive adhesive tapes emerging as a viable alternative supporting green manufacturing processes.
Technological Advancements
The market has further benefited from the technological advancements that have enabled the development of eco-friendly solutions and improved product offerings. These advancements, coupled with strategic collaborations across the industry, have led to the introduction of innovative tapes with superior performance characteristics.
Market Segmentation Insights
The report segments the market into various sub-segments, analyzing trends in each. The categorizations include adhesive type, adhesive chemistry, and application—highlighting areas such as wire harnessing, powertrain, and acoustic insulation, among others.
Competitive Landscape
The report also examines the competitive terrain of the industry, detailing profiles of major companies that are shaping the automotive adhesive tapes market space. These entities are at the forefront, driving innovation and setting quality standards in the market.
Knowledge Center
As the automotive industry continues to evolve with an emphasis on efficiency and sustainability, automotive adhesive tapes are poised to play a pivotal role in this transformation. The report anticipates healthy growth as innovators and manufacturers continue to push the boundaries of what's possible in automotive assembly and design. The comprehensive market outlook affirms the significant position automotive adhesive tapes hold within the automotive sector and the potential for continued industry disruption and innovation.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 137 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (USD) in 2023 | $9.8 Billion |
| Forecasted Market Value (USD) by 2032 | $14.8 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global
|
Companies Featured
- 3M Company
- Advanced Tapes International Ltd.
- American Biltrite Inc.
- Avery Dennison Corporation
- Berry Global Inc.
- Compagnie de Saint-Gobain S.A.
- Henkel AG & Co. KGaA
- Intertape Polymer Group
- L&L Products Inc.
- Lintec Corporation
- Scapa Group plc (Schweitzer-Mauduit International Inc.)
- Shurtape Technologies LLC (STM Industries Inc.)
- Sika AG
- Tesa SE (Beiersdorf AG)
For more information about this report visit https://www.researchandmarkets.com/r/d4dmqk
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