Automotive Tapes Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Automotive Tapes Market in 2025 is evaluated at USD 9.08 billion. The global market size exceeded USD 8.78 billion in 2024 and is poised to expand at a CAGR of more than 4.3%, crossing USD 15.18 billion by 2037. Asia Pacific is projected to claim the leading industry stake, attributed to rising vehicle production, electric vehicle demand, and innovations in battery adhesive tapes.
The market's expansion can be attributed to the growing revenue of the automotive industry, which is the result of increased vehicle production globally. It has been found that the global automotive industry is expected to reach approximately USD 9 trillion by 2030. Furthermore, rising demand for premium vehicles with high-end materials, safety and technology features, and an aesthetically improved environment is expected to drive market growth.
Rapid modernization has propelled the population to adopt upgraded components for their vehicles that include electronic chargers, air purifiers, attachments for mobile devices, connections for portable refrigerators, and other components. This trend fuels the demand for automotive tapes in varied applications on vehicles such as wire harnessing, hole coverings, interior mounting, masking, mirror assembling, and many others. Furthermore, collaborations between key players and vehicle engineers to provide versatile and customizable adhesive solutions for electric vehicles are expected to present market expansion opportunities over the forecast period. For instance, in December 2020, Sika AG, the world's biggest manufacturer of adhesives and sealants for the automotive industry and building sector, introduced a new polyurethane technology called PURFORM. These high-performance solutions are used in the battery systems and bonding of body components for electric vehicles.
