The global structural adhesive tapes market is anticipated to grow at a CAGR of 3.9% during the forecast period. The growing application of structural adhesive tapes in end-user verticals especially in the automotive sector is the major factor driving the growth of structural adhesives market. These tapes are considered a key component in the automotive industry as they are used to provide superior bonding/joining to different substrates used in lightweight vehicles. In addition, these tapes are also used in EV battery manufacturing to increase safety and reduce battery weight. These tapes also make EV battery production processes simpler, cleaner, and more reliable. These adhesive tapes cure at a much lower temperature, allowing for the elimination of the equipment and process steps required for brazing. It is expected that with the surge ind emand for EVs in emerging economies, the need for structural adhesive tapes is projected to increase during the forecast period, which will significantly drive the market growth.
Furthermore, the major steps taken by the emerging economies to eliminate the use of combustion engine vehicles and to replace it with an EV will accelerate the production of EVs during the forecast period. For instance, Norway is planning to phase out conventional cars by 2025, followed by France and UK in 2040 and 2050, respectively. Moreover, in October 2017, Germany’s Bundesrat passed a resolution to ban IC engine-based vehicles by 2030. In addition, Germany is targeting a combined BEV and FCEV stock of 7-10 million cars by 2030. Thus, these initiatives will increase the production of electric vehicle globally, that will further boost the production of structural adhesive tapes.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Resin Type
- By Material Type
- By End-User Industry
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- 3M Co., Ashland Inc., Avery Dennison Corp, Henkel AG & Co., Lintec Corp,
Structural Adhesive Tapes Market Segmentation
By Resin Type
- Silicone
- Acrylic
- Rubber
- Others
By Material Type
- Paper
- Polyvinyl Chloride
- Polypropylene
- Others
By End-User Industry
- Building &Construction
- Automotive
- Healthcare
- Electrical & Electronics
- Others (Renewable Energy,Aviation & Aerospace)
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- 3M Co.
- Ashland Inc.
- Avery Dennison Corp.
- Berry Global Inc.
- Bostik, Inc.
- B. Fuller Co.
- Henkel AG & Co.
- Huntsman International LLC
- Illinois Tool Works Inc.
- Intertape Polymer Group, Inc.
- Lintec Corp.
- Lord Corp.
- Nitto Denko Corp.
- Saint-Gobain Performance Plastics Corp.
- Scapa Group Ltd.
- Scott Bader Co.
- Sika AG
- Tesa SE
- The Dow Chemical Company
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