The global automotive tapes market size is anticipated to expand from US$ 8,921.5 million in 2022 and is projected to reach US$ 13,112.4 million by 2032, indexing a CAGR of 3.9% through the forecast period.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Automotive Tapes Market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Automotive Tapes Market in the coming 10-years.
Charts and data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the sample report https://www.futuremarketinsights.com/reports/sample/rep-gb-5775
Recent Developments In The Automotive Tapes Market
To improve the operability of automotive tapes, as well as increase their adoption for new applications, manufacturers around the globe are developing better and more sustainable tape solutions.
- Techsil, a United Kingdom-based supplier of adhesive and sealant solutions, has launched a new line of adhesive tapes for EMI shielding, heat sink optimization, and other applications in electric vehicles.
- Sika AG acquired Hematite, the Yokohama Rubber Company Ltd., in 2021. Hematite is a Japanese adhesives and sealants supplier for the automotive and construction industries. With this acquisition, Sika AG may be able to strengthen its market position in Japan significantly.
- In May 2020, Tesa SE expanded another plant in Vietnam to manufacture adhesive tapes for the Asian market, which will begin in 2023. By doing this, Tesa is likely to strengthen its roots in Asia and enhance its capabilities.
- In December 2020, 3M shipped 2480 3M Hi-Tack silicone adhesive tapes. These items ensure sheer performance, more solid attachment, and longer wear time.
Key Automotive Tapes Market Takeaways and Projections
- The U.S. is expected to lead the North America Automotive Tapes Market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
- On the basis of Segment it is projected to hold the maximum share in the market, expanding at a remarkable CAGR during the coming decade.
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Report Benefits & Key Questions Answered
- Automotive Tapes Historical Market Analysis: The detailed survey by FMI, examines key factors in the Automotive Tapes Market that affected the growth in the market for the last assessment period 2017-2021 and also studies their consequent impact. It also provide refined the sales projection of the Automotive Tapes Market for the forecast period 2022-2032.
- Automotive Tapes Category & Segment Level Analysis: The category & segment level analysis conducted by FMI studies the market in terms of segments .It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Automotive Tapes Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Liquid Filling Machines for the assessment period. As per the study, the demand for Liquid Filling Machines will grow at a robust CAGR between 2022 and 2032.
- Automotive Tapes Market Trend Analysis: The latest study by FMI on the Automotive Tapes Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Automotive Tapes Market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Automotive Tapes Market. Some of the prominent market players are
- Tesa SE – A Beiersdorf Company
- 3M Company
- National Tape Corporation
- Berry Global Inc.
- Avery Dennison Corporation
- Scapa Group plc
- ORAFOL Europe GmbH
- Saint-Gobain Corporation
- Maxell, Ltd.
- Henkel AG & Co.
- KGaA
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Key Segments Profiled In The Automotive Tapes Market Survey
By Type:
- Specialty
- Double-Sided
- Masking
- Others
By Function:
- Bonding
- Masking
- Noise
- Harshness
- Vibration
- Others
By Application:
- Interior
- Exterior
- Wire Harnessing
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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