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Eco Friendly Low VOC Automotive Wiring Harness Tape Market by Material (PVC, Polyester, Polyethylene, Bio-based, Others), by Adhesive (Acrylic, Rubber, Silicone, Others), by Application (Engine compartment, Cabin, Chassis, Battery and powertrain, Interior & exterior wiring harness, Others), by Vehicle (Passenger cars, Commercial vehicles, Two wheelers), by Sales Channel (Direct sales, Distributors & wholesalers, Online retailers), by End-User (OEM, Aftermarket), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Russia, Nordics), by Asia Pacific (China, Japan, India, South Korea, ANZ, Southeast Asia), by Latin America (Brazil, Mexico, Argentina), by MEA (UAE, Saudi Arabia, South Africa) Forecast 2025-2033
The size of the Eco Friendly Low VOC Automotive Wiring Harness Tape Market was valued at USD 470.5 Million in 2023 and is projected to reach USD 688.98 Million by 2032, with an expected CAGR of 5.6% during the forecast period. The market for Eco-Friendly Low VOC Automotive Wiring Harness Tape emphasizes the manufacturing and distribution of sustainable tapes utilized in automotive wiring harnesses. These tapes are intended to insulate, safeguard, and bundle electrical wires in vehicles while reducing environmental impact. In contrast to conventional tapes, eco-friendly options are composed of materials that emit minimal or no volatile organic compounds (VOCs), which pose risks to human health and the environment. As car manufacturers transition to more sustainable production methods due to rising environmental regulations and consumer demand for eco-friendly vehicles, the demand for low-VOC and environmentally friendly components, such as wiring harness tapes, is increasing. These tapes offer enhanced durability, temperature resistance, and safety while complying with strict emissions regulations. The market is fueled by the increasing uptake of electric vehicles (EVs), which focus on sustainability, coupled with the wider movement towards environmentally friendly materials in the automotive industry. Due to progress in material science and rising regulatory demands, the Eco-Friendly Low VOC Automotive Wiring Harness Tape Market is anticipated to witness considerable growth as car manufacturers aim to improve the sustainability of their vehicle parts.
The eco-friendly low VOC automotive wiring harness tape market is characterized by a high level of concentration, with the top players accounting for a significant share of the market. Major players include 3M Company, Avery Dennison Corporation, Berry Global Group, Dow Inc., Henkel AG & Co. KGaA, Intertape Polymer Group (IPG), Lintec Corporation, Nitto Denko Corporation, Scapa Group Plc, and Sika AG.
The market is highly competitive, with companies focusing on innovation and differentiation to gain market share. Product development, strategic partnerships, and acquisitions are key strategies adopted by leading players in the market.
Growing Environmental Awareness
Rising environmental awareness has led to a shift towards the use of eco-friendly and low VOC automotive wiring harness tapes. These tapes are free from hazardous solvents and harmful substances, reducing their environmental impact and minimizing the risk of health hazards.
Stringent Government Regulations
Government regulations related to VOC emissions have become increasingly stringent, especially in developed regions. This has prompted manufacturers to adopt low VOC tapes to comply with regulations and meet environmental standards.
Lightweight and Fuel-Efficient Vehicles
The automotive industry is focusing on developing lightweight and fuel-efficient vehicles to improve fuel consumption and reduce emissions. Eco-friendly low VOC automotive wiring harness tapes can contribute to weight reduction, as they are thinner and lighter than traditional tapes.
Key Regions
Asia Pacific is expected to remain the dominant region in the eco-friendly low VOC automotive wiring harness tape market during the forecast period. China and India are key markets in the region, driven by increasing vehicle production and demand for eco-friendly products.
Key Segments
The engine compartment segment is expected to account for a significant share of the market. This is due to the need for high-performance tapes in the engine compartment, where exposure to heat, chemicals, and vibrations is high.
The updated report provides a comprehensive analysis of the eco-friendly low VOC automotive wiring harness tape market, covering:
Market Size and Growth
The global eco-friendly low VOC automotive wiring harness tape market was valued at 470.5 million units in 2023 and is projected to exhibit a CAGR of 5.6% from 2023 to 2029, reaching a value of 632.9 million units by 2029.
Challenges and Restraints
North America
Europe
Asia Pacific
Latin America
MEA
Material
Adhesive
Application
Vehicle
Sales Channel
End-User
August 2024: Shijiazhuang Liantu Import and Export Trading Co., Ltd. launched the LT-X130, an eco-friendly linerless rubber splicing tape.
July 2024: Coroplast Tape, a division of the Coroplast Group, began building a factory for specialized adhesive tapes in Schonebeck (Elbe), near Magdeburg.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.6% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
Secondary Research
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