Global Automotive Acrylic Foam Tape Market Size To Exceed USD 2.8 Billion By 2033: Market Insight Report

Global Automotive Acrylic Foam Tape Market Size To Exceed USD 2.8 Billion By 2033

According to a research report published by Spherical Insights & Consulting, The Global Automotive Acrylic Foam Tape Market Size is Expected to Grow from USD 1.65 Billion in 2023 to USD 2.8 Billion by 2033, Growing at a CAGR of 6.44% during the forecast period 2023-2033.

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on The Global Automotive acrylic foam tape Market Size, Share, and COVID-19 Impact Analysis, By Type (Double Sided Acrylic Foam Tape, Single Sided Acrylic Foam Tape), By Application (Exterior Applications, Interior Applications), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.

The worldwide automotive acrylic foam tape market is referred to as the business that produces and distributes acrylic foam tapes, which are utilized in automotive applications. These tapes are designed for bonding and attachment in vehicles, replacing traditional mechanical fasteners to reduce weight and improve aesthetics. The growing need for durable yet lightweight bonding solutions, especially for electric and hybrid vehicles, is fueling this market's expansion. Further, their conformability, elasticity, and compressibility, acrylic foam tapes are also utilized in the construction of windows, steel, and ships. However, price fluctuation for raw materials hampered the market expansion.

The double-sided acrylic foam tape segment dominated the global automotive acrylic foam tape market in 2023 and is expected to grow at a remarkable CAGR over the forecast period.

On the basis of the type, the global automotive acrylic foam tape market is classified into double-sided acrylic foam tape, and single sided acrylic foam tape. Among these, the double-sided acrylic foam tape segment dominated the global automotive acrylic foam tape market in 2023 and is expected to grow at a remarkable CAGR over the forecast period. This segment growth is driven by offering outstanding resistance to external elements like moisture, temperature changes, and UV rays, and automakers are looking for dependable and long-lasting bonding solutions.

The exterior applications segment accounted for the highest share of the global automotive acrylic foam tape market in 2023 and is anticipated to grow at a notable CAGR over the forecast period.

On the basis of the application, the global automotive acrylic foam tape market is classified into exterior applications, and interior applications. Among these, the exterior applications segment accounted for the highest share of the global automotive acrylic foam tape market in 2023 and is anticipated to grow at a notable CAGR over the forecast period. This segment growth is driven by its superior adhesive qualities and resilience to moisture, temperature changes, and UV rays, acrylic foam tapes are a good fit for these uses.

Asia Pacific is anticipated to hold the highest share of the global automotive acrylic foam tape market over the forecast period.

Asia Pacific is projected to hold the greatest market share of the global automotive acrylic foam tape market over the forecast period. The regional market growth is influenced by expanding building and construction sectors, the quick industrialization of emerging nations like China and India, with the expansion of the automotive sector.

North America is anticipated to grow at the fastest CAGR of the global automotive acrylic foam tape market over the forecast period. The regional market expansion is accelerated because of the significant penetration in healthcare and automotive industries' applications.

Company Profiling

Major vendors in the global automotive acrylic foam tape market are 3M Company, Nitto Denko Corporation, Avery Dennison Corporation, Tesa SE, Lintec Corporation, Scapa Group plc, Saint-Gobain Performance Plastics, Intertape Polymer Group Inc., Adchem Corporation, Achem Technology Corporation, Lohmann GmbH & Co. KG, Shurtape Technologies, Berry Global Inc., Denka Company Limited, HB Fuller Company, Arkema Group, Sika AG, AFTC Group, and others.

Key Target Audience      

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development:

• In November 2023, CCL Design introduced its 5400 LSE Acrylic Foam Tape Series, a product developed over three years by its R&D team in Venray, Netherlands. This tape is designed for primerless adhesion to plastics, ultra-strong bonding to polypropylene (PP), and superb bonding to automotive paints.

Market Segment                                             

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automotive acrylic foam tape market based on the below-mentioned segments: 

Global Automotive Acrylic Foam Tape Market, By Type

• Double Sided Acrylic Foam Tape
• Single Sided Acrylic Foam Tape

Global Automotive Acrylic Foam Tape Market, By Application

• Exterior Applications
• Interior Applications

Global Automotive Acrylic Foam Tape Market, By Regional

•  North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa