Automotive Adhesive Tapes Market

Automotive Adhesive Tapes Market: Overview

Expanding utilization of pressing factor delicate items in the developing automotive industry is relied upon to be one of the essential variables driving the development. As these tapes give amazing holding/joining to various substrates utilized in lightweight vehicles, automotive adhesive tapes are assessed to turn into a critical part of the fate of the automotive business.

The global automotive adhesive tapes market is classified based on adhesive type, backing material, application, and region. In terms of adhesive type, the market is grouped into rubber, silicone, acrylic, and others. The others segment includes butyl, ethylene-vinyl acetate or EVA, and Polyurethane (PU). Based on backing material, the market is grouped into paper, Polyvinylchloride (PVC), Polypropylene (PP), and others. The others segment is again sub-segmented into an electric vehicle, interior, and exterior.

The report on the global automotive adhesive tapes market is based on an elaborate overview of the market. It moreover ponders the pieces being referred to and sees the once-over of the primary area with factors crediting to its turn of events. The report further provisions the impact of the first COVID19 pandemic on this market and how is it possible that producers would attract earnings for this market during this pandemic situation. The report is prepared to continue on the association site with all of the names of the fundamental players as well.

Automotive Adhesive Tapes Market: Competitive Analysis

The nature of the global automotive adhesive tapes market is highly competitive on account of the presence of multiple players. Companies operating in this market are either investing in research, development, and production of better adhesive products or entering into collaborations to gain the most of the market, especially during the COVID19 pandemic.

Some of the prominent players of the global automotive adhesive tapes market include:

• Shurtape Technologies
• Lintec Corporation
• Sika AG
• Avery Dennison Corporation
• 3M
• Lohmann GmbH & Co.KG
• Intertape Polymer Group
• Tesa SE
• L&L Products
• LLC
• Nitto Denko Corporation
• Scapa
• Henkel AG & Co. KGAA

Automotive Adhesive Tapes Market: Innovations

• Tesa SE extended another plant in Vietnam in May 2020 for the creation of adhesive tapes for the Asian market, which will begin in 2023. This will empower the Tesa gathering to fortify its essence in Asia and essentially increment its abilities.
• 3M dispatched 2480 3M Hi-Tack silicone adhesive tapes in December 2020. The items give sheer execution, more grounded attachment, and longer-wear time.

Automotive Adhesive Tapes Market: Trends and Opportunities

With the expanding worldwide worry on environmental change and energy security, auto producers are confronting expanding strain to further develop eco-friendliness on their armada. Car producers are going to aluminum and composite materials as a structure stage for vehicles. Both aluminum and composite materials are more costly than steel. In this manner, the car business is likewise taking a gander at regions where they can utilize adhesive tapes rather than bolts and dashes to decrease costs. Underlying adhesive tapes are designed for multi-material holding and joining and are an astounding adhesive answer for lightweight and superior plans.

Automotive Adhesive Tapes Market: Regional Analysis

Geographically, the global automotive adhesive tapes market was dominated by the Asia Pacific on account of the increasing initiatives taken by the government of developing nations. There is a high demand from nations such as India China, and Japan. The legislatures of these arising economies have perceived the development capability of the electric vehicles market and, henceforth, taken various drives to draw in major OEMs to make electric vehicles for homegrown business sectors. Such factors are further expected to help this region continue dominating the market in the coming years.