Global Automotive Tapes Market Outlook

the global automotive tapes market is expected to experience robust growth over the forecast period 2018-2032. over the forecast period, increase in the demand for automotive tapes due to their superior adhesive features and wide range of usage is expected to continue to drive the market. automotive tapes have wide range of application in interior and exterior parts of commercial and passenger vehicles, trailers and other vehicles. furthermore, these tapes provide strong, durable and reliable bonds thus, contributing to the growth of the market. advancements in automotive industry have led to increasing demand for automotive tapes from production to end-use applications. automotive tapes have various advantages such as insulation and prevention of sound, dust and heat conduction, sound limiting and corrosion prevention. increasing preference for automotive tapes due to their multiple usages which include air-tight seals, spray insulation, noise dampening, waterproof of engine and interior parts, and dust prevention are expected to drive the market over the forecast period. in the current market scenario, there is increased emphasis on technologies such as lightweight polymer tapes, waterproof tapes, colour decorative tapes and sonic wave tapes variant as well. lightweight polymer tapes are highly preferred over traditional tapes due to their superior features such as lower thermal shrinkage and higher elongation. moreover, manufacturing process utilizing advanced technologies is playing an important role in the growth of the market. major chemical companies are increasingly investing into technology enhancement and creating novel products to sustain in the competitive market. increased demand for automotive tapes from the tier 1 suppliers and automobile manufacturers in the emerging markets like east and south-asia have opened new opportunities for growth. the manufacturers in the industry are focusing on better product design and customization, backed by stringent environmental regulations, to gain better traction in terms of application. availability of automotive tapes in intense colours, improved temperature for indoor and outdoor usage and high bonding strength are the key characteristics that are expected to influence the market growth over the coming years.