Automotive pressure sensitive tapes are advanced interior materials that are used in the automotive industry for various applications, such as bonding, sealing, and protection.The market is expected to grow rapidly in the coming years owing to the increasing demand for lightweight and fuel-efficient vehicles, as well as the growing trend of electric vehicles.
The automotive industry is under pressure to produce more fuel-efficient vehicles to meet environmental regulations and customer demands. These tapes are ideal for this purpose, as they can be used to bond lightweight materials such as plastics and composites. Moreover, with the increasing adoption of electric vehicles, the demand for pressure sensitive tapes is expected to grow. These interior materials can be used to bond the batteries and other components of electric vehicles, providing a reliable and efficient bond.
These interior materials are used to protect various motor components during transportation, storage, and assembly. They provide protection against scratches, abrasions, and other types of damage, helping to ensure that the components arrive at their destination in good condition. Additionally, these materials offer several advantages over traditional fastening methods. For instance, they are easier to apply, require no drilling or welding, and provide a strong, reliable bond.
The automotive pressure sensitive tapes market is broadly segmented into product, backing material, and end-user industries. The product segment is further categorized into double sided tape, carton sealing tape, and specialty tape. The backing material segment is further subdivided into paper, polypropylene, polyvinyl chloride, and others. The end-user industries segment includes building & construction, food & beverage, automotive, electrical & electronics, and healthcare.
Some of the key players operating in the market are Henkel Corporation, Berry Global Inc., 3M, LINTEC Corporation, Denko Corporation, and others. Prominent players involved in the marketplace are continuously focusing on business expansion activities through collaborations and partnerships across the value chain. For instance, in February 2022 announced the acquisition of Mondi to increase its customer base globally. Asia Pacific is expected to be the fastest-growing market for automotive pressure sensitive tapes due to the rapidly growing motor industry in countries such as China, India, and Japan.
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