Automotive Tapes Segmentation
Application (Interior, Exterior, Wire Harnessing, Electric Vehicles)
The global automotive tapes market is segmented and analyzed for demand and supply by application into interior, exterior, wire harnessing, and electric vehicles. Out of these, the electric vehicle (EV) segment is attributed to garner the highest market share by 2037. The growth of the segment can be attributed to the growing production rate of electric vehicles globally and the anticipated high demand in the upcoming years owing to the increasing awareness among the global population regarding the ill effects of transport emissions on human health and the environment. As per the reports of the International Energy Agency, the number of electric vehicle sales in 2021 surpassed sales of 2020, nearly doubling to 6.6 million.
Type (Specialty, Double-Sided, Masking)
The global automotive tapes market is also segmented and analyzed for demand and supply by type into specialty, double-sided, masking, and others. Among these segments, the double-sided segment is expected to account for a sizable share. Double-sided tape is widely used for most automotive applications, especially for car interiors. It is excellent for dashboards or other interior pieces of a car, as it has the ability to stay hidden behind components. Additionally, automotive double-sided tape is also used for small body pieces such as bumper trims, mirrors, and others, as it is designed to withstand UV light, chemicals, cold, and humidity. Hence, numerous opportunities are anticipated for the growth of the segment with the growing demand for cars with advanced features in their interiors. It was found that 3.79 million units of cars were sold in India in 2022, which was the highest ever in the Indian auto industry in a calendar year. The last highest was in 2018, which was 3.38 million.
Our in-depth analysis of the global market includes the following segments:
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