New Variations Ensure Bright Future for Automotive Adhesive Tapes Industry, says Market.us

These are high-performance adhesive tapes that are made of adhesive chemistry mostly employed for wrapping and binding and also as a protection layer on both the exterior and interior of any automobile product. 

The automotive industry was confronted with many challenges in reducing vehicle weight while reducing the sound and increasing the rigidity and durability of bonds. This improves efficiency in fuel consumption and the satisfaction of the user, for which the importance of automobile adhesive tapes has grown.

Automotive adhesive tapes reduce the weight of the vehicle they also eliminate noise and lower maintenance costs in comparison to traditional bolts, nuts, and screws utilized for manufacturing. 

Additionally, the demand from the industry to decrease the weight of vehicles and improve their overall appearance and reduce unwanted vibrations and noise will propel the market during the next few years.

According to research by Market.us, “The market for Automotive Adhesive Tapes in the world was USD 3.3 billion in 2022. It is expected to reach USD 6.2 billion by 2032. This projection represents a 6.5% increase in CAGR over the 2022-2032 period.”

Gaurav Yadav, a senior research analyst at Market.us, said, “Adhesive tapes will be in high demand as a low-weight sealing solution for electric vehicles over the forecast time. They are employed by battery manufacturers of electric vehicles across the globe to improve the efficiency of production lines, increase safety and decrease the weight of vehicles.” 

Manufacturers of automotive adhesive tapes are constantly creating new variations designed specifically for hybrid and electric vehicles, in close collaboration with the top OEMs in the world and suppliers. 

Battery manufacturers for electric vehicles rely on premium tapes, adhesives, and encapsulation material to secure the batteries of electric cars in place and shield them from the elements. This is why light weighting is essential since electric vehicle manufacturers have to take on the extra weight of batteries in order to improve the range of the vehicle.

Due to the necessity of accreditations, training, and frequent inspections, metal-to-metal bonds have a significantly higher cost of labor as compared to automotive adhesive tape. The adhesive tapes require less training and provide better output with less expense. They help reduce the price of the final product which benefits both the user and the company due to an increase in sales. 

Additionally, adhesives spread the holding power across all bond lines unlike fasteners, which distribute only the holding power only where they are placed. Furthermore, adhesives provide an even stronger bond and keep things in place much better than fasteners.

The rapid growth of the automobile industry, along with the increasing usage of products that are pressure sensitive is an important factor expected to propel the expansion of the market in the forecast time.

Additionally, the growing creation of new products to seal and the increasing spending on research and development for the manufacturing of high-strength adhesive tapes are some of the other elements that are expected to propel the development of this market in the forecast time.

The primary concern associated with solvent-based adhesives is that they may negatively affect the environment as well as human health. Solvent-based adhesives have binders that are dissolved in a carrier fluid that has volatile organic compounds (VOCs). 

The regulations force manufacturers to change from solvent-based technology to water-based or create the technology needed to make environmentally friendly solvent-based adhesives which pose a significant issue for adhesive and tape makers.

Since many consumers have altered their purchasing habits to become more eco-friendly, companies have emphasized sustainable products and processes for manufacturing across different industries. 

Because of the apparent connection between gasoline-powered vehicles and the climate, it’s important for automakers to demonstrate their commitment to sustainability in the automobile industry, particularly in the area of automotive adhesives as well. 

Manufacturers are mostly focusing on replacing solvents with eco-sustainable alternatives. Contrary to mechanical fasteners green adhesives are non-rusting and less prone to being affected by snow and water making stronger and longer-lasting adhesives for automobiles.