Market Research Logo

Automotive Adhesive Tape Market - Segmented by Material Type, Adhesive Type, and Geography - Growth, Trends and Forecast (2018 - 2023)

Automotive Adhesive Tape Market - Segmented by Material Type, Adhesive Type, and Geography - Growth, Trends and Forecast (2018 - 2023)

The global automotive adhesive tape market is expected to witness a CAGR of 4.85%, in terms of revenue, during the forecast period (2018 - 2023). The automotive industry has shown a remarkable growth in Asia-Pacific in the past years. Major economies, such as China, India, Japan, and South Korea are the leaders in automotive production. On the flipside, volatility in raw material prices is expected to hinder the growth of the market. Economies, like China, are utilizing these resins at an exponential rate and raw material manufacturers are finding it difficult to cope up with the demand. In 2017, the Asia-Pacific region accounted for the largest share of the global market.

Growing Automotive Industry in Asia-Pacific

Adhesive tapes are widely used by OEMs for the production of the automobile. They are also used in refinishing and aftermarket. The use of bolts, screws, and other fastening devices is being substituted by adhesive tapes in recent years. The automotive industry has shown a remarkable growth in Asia-Pacific in the past. The region had shown a growth rate of 2.89% in automobile production, with the total production of 52.1 million units in 2017. India had shown a growth rate of close to 6% in 2017. Major car manufacturers, such as Chevrolet, Daimler, Audi, Volvo, and Kia have set up their manufacturing facilities in Asia-Pacific, and are further planning to expand their production capacities in the region in the near future. In Jan 2018, Aston Martin has announced to invest USD 775 million in the next five years to meet the growing demand for an automobile in China. Hence, strong growth of the automotive industry in emerging countries in Asia-Pacific is expected to boost the demand for automotive adhesive tapes during the forecast period.

Natural Rubber Adhesives to Witness a High Demand

Natural rubber is widely used in pressure sensitive adhesive (PSA) tapes. Natural rubber consists of long polymer chains. If it is mixed with resin and made it be sticky, the adhesive obtained is extremely flexible, due to the long length and mobility of these polymer chains. Such adhesives employ solvent-borne natural rubber, in which rubber obtained by centrifuging natural rubber latex is masticated and applied to a backing material from a solvent solution. Japanese patent, JP 11-172212 (1999), suggests that an adhesive comprising synthetic rubber latex, natural rubber latex, and an ethylene-vinyl acetate-acrylate copolymer emulsion provide good anchorage. Several technological developments in improving anchorage, have been noticed in the patents filed in the recent past. The compounded resins, type of rubber used, and other ingredients determine the performance of the natural rubber adhesive. In general, natural rubber properties offer many advantages in pressure sensitive tape applications.

Asia-Pacific to Dominate the Market

Asia-Pacific region dominated the global market share in 2017. The market is majorly driven by the availability of low labour at low cost, low raw material prices, and the growing urban population in the region, in addition to a large number of automotive manufacturing plants. The government of China is planning to introduce more than one million electric vehicles by 2020, which is expected to drive the market for automotive adhesive tapes in the country. Kia Motors, the South Korean automobile manufacturer, has invested USD 1.1 billion in India. In India, with the increasing demand for vehicles, several automakers have started investing heavily in various segments of the industry. The automotive industry has attracted FDI of about USD 15.79 billion, during the period from April 2000 to September 2016. The Greenfield car plant in Andhra Pradesh is expected to produce around 300,000 units by mid-2019. All the aforementioned factors, in turn, boost the demand for automotive adhesive tapes in the Asia-Pacific region during the forecast period.

Key Developments in the Market

- December 2017 - Saint-Gobain has finalized the acquisition of 100% of the equity capital of Wattex.

Major Players -3M Company, NITTO DENKO CORPORATION, LINTEC Corporation, Berry Global Inc., Saint-Gobain Performance Plastics, and Vibac Group S.p.a., among others.

Reason to Purchase the Report

- To understand the impact of the automotive sector on the studied market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating material type and adhesive type in the market
- Country that is expected to witness the fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 months analyst support, along with the Market Estimate sheet (in Excel)

Customization of the Report

- This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs


1. Introduction
1.1 Scope of the Report
1.2 Study Assumptions
1.3 Study Deliverables
1.4 Research Phases
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s 5 Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Patent Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Growing Automotive Industry in Asia-Pacific
4.1.2 Stringent Environment Regulations Demanding Use of Low Volatile Organic Carbon (VOC) Adhesive Tapes
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Volatility in Raw Material Prices
4.2.2 Other Restraints
4.3 Opportunities
4.3.1 Development of Lightweight Vehicles
4.3.2 High-performance Adhesive Tapes for Advanced Applications
5. Market Segmentation and Analysis - (Market size, Growth, and forecast)
5.1 By Material Type
5.1.1 Polyester
5.1.2 Polypropylene
5.1.3 Paper
5.1.4 Polyvinyl Chloride
5.1.5 Others (Foam, Cloth)
5.2 By Adhesive Type
5.2.1 Acrylic
5.2.2 Natural Rubber
5.2.3 Butyl
5.2.4 Others
6. Regional Market Analysis (Market size, growth, and forecast)
6.1 Asia-Pacific
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 Europe
6.2.1 Germany
6.2.2 UK
6.2.3 France
6.2.4 Italy
6.2.5 Spain
6.2.6 Rest of Europe
6.3 North America
6.3.1 USA
6.3.2 Canada
6.3.3 Mexico
6.3.4 Rest of North America
6.4 South America
6.4.1 Brazil
6.4.2 Argentina
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & services, Recent Developments)
9.1 3M Company
9.2 Advance Tapes International
9.3 American Biltrite Inc.
9.4 Avery Dennison Corporation
9.5 Berry Global Inc. (Adchem)
9.6 Godson Tapes Pvt. Limited
9.7 Intertape Polymer Group
9.8 L&L Products
9.9 LINTEC Corporation
9.10 Lohmann GmbH & Co.KG
9.11 NITTO DENKO CORPORATION
9.12 Saint-Gobain Performance Plastics
9.13 Scapa Group plc
9.14 Shurtape Technologies, LLC
9.15 SIKA AG
9.16 SURFACE SHIELDS
9.17 tesa SE - A Beiersdorf Company
9.18 Vibac Group S.p.a.
10. Disclaimer
**Subject to availability on public domain

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report