Latin America Automotive Adhesive Tapes Market Outlook

latin america automotive adhesive tapes market witnessed modest growth, since 2018 owing to rising production of automobiles in the region. in addition, growth in vehicle repair & maintenance activities have created abundant opportunities for the adhesive tapes market. since last few years, automotive sector in this region has been witnessing a shift from conventional to lightweight materials for different applications. this has created additional opportunities for the automotive adhesive tapes market in latin america. manufacturers are introducing new tapes that are suitable for various components. for instance, polyvinyl chloride (pvc) tapes and cloth tapes manufactured using polyester and cotton fabrics are commonly used in the region's automotive industry. the tapes are easy to install and possess high peel strength that meets the industry standards for strength and adhesiveness. in order to comply with the stringent environmental regulations, adhesives such as waterborne, solvent-borne, and others are manufactured. this helps to reduce volatile organic compound (voc) emissions which can cause air-pollution. demand from end-user industries is increasing for low voc, low temperature, and low volatile products, therefore, manufacturers are focusing on bio-based or renewable adhesive products to meet the demand. in 2018, toxong launched a new type of pvc tape, which is designed to offer increased adherence to surfaces in harsh operating temperatures while meeting the high-performance needs of the automotive industry. in recent years, plate top adhesive tapes have been gaining immense popularity in the region. these adhesive tapes provide a great opportunity for attaching plates to the structure of the car. the production of the plate top adhesive tapes are designed to meet the requirements of vehicle identification number (vin) plate bonding applications. rising demand for automotive plastic components and the need to reduce the overall weight of vehicles are further expected to drive growth of the automotive adhesive tapes market in this region. thus, manufacturers are focusing on developing environmentally-friendly and lightweight seat belts and airbags that can protect passengers inside the vehicle during an accident. overall, the latin america automotive adhesive tapes market is anticipated to record a positive growth in the coming years due to increasing demand for lightweight, feature-rich, and cost-effective adhesive tapes.