Europe Adhesive Tapes Market, By Resin Type (Acrylic, Rubber, Silicone, Others), Material (Polypropylene, Paper, Polyvinyl Chloride, Others), Technology (Solvent-based, Hot-Melt Based, Water-Based), Category (Commodity Adhesive Tapes, Specialty Adhesive Tapes), End-Use (Packaging, Masking, Consumer and Office, Specialty Adhesive Tapes, Electrical and Electronics, Healthcare, Automotive, Paper and Printing, Building and Construction, Retail, Defense, Food and Beverage, Wind Energy, Solar Energy, Sports, Aerospace), Country (Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe) Industry Trends and Forecast to 2029.
Market Analysis and Insights Europe Adhesive Tapes Market
Data Bridge Market Research analyses the adhesive tapes market will exhibit a CAGR of 5.11% for the forecast period of 2022-2029.
From the name itself, it is clear that adhesive tapes are the chemical substances that are used to join or attach the two surface permanently or temporarily. Adhesive tapes are used to join the surfaces of paper, plastic, foam, fabric, and foil. The tape's adhesive is a viscoelastic substance that adheres to itself when pressure is applied and is frequently moisture sensitive.
The rise in government relief packages for strengthening healthcare system to handle COVID-19 will influence the growth rate of the adhesive tapes market. The rise in prevalence of environmental concerns in the target audience is the key elements driving market expansion. Along with this, rise in the trend of green buildings will increase the demand for the adhesive tapes market. The adhesive tapes market is also being driven by significant factors such as the upsurge in the level of disposable income and increasing urbanization. The increasing demand for eco-friendly water-based adhesive products along with the advent of recyclable tapes manufactured from biodegradable polymers will have positive impact on the growth rate of adhesive tapes market.
Moreover, innovations in electro-mobility and batteries and replacement of traditional fastening systems will create beneficial opportunities for the growth of the adhesive tapes market. Additionally, support to European Green Deal for adhesives and sealants and rising trend of online shopping will cushion the demand for retail packaging and distribution materials and hence provide lucrative opportunities for market’s growth.
However, fluctuating prices of raw material will hamper the adhesive tapes market’s growth rate. Also, implementation of strict regulatory policies and intense competition between market players will further pose challenges to the growth of adhesive tapes market.
This adhesive tapes market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on adhesive tapes market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Adhesive Tapes Market Scope and Market Size
The adhesive tapes market is segmented on the basis of resin type, material, technology, category and end-use. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the adhesive tapes market is segmented into acrylic, rubber, silicone, and others.
- On the basis of material, the adhesive tapes market is segmented into polypropylene, paper, polyvinyl chloride and others.
- On the basis of technology, the adhesive tapes market is segmented into solvent-based, hot-melt based and water-based.
- On the basis of category, the adhesive tapes market is segmented into commodity adhesive tapes and specialty adhesive tapes.
- On the basis of end-use, the adhesive tapes market is segmented into packaging, masking, consumer and office, specialty adhesive tapes, electrical and electronics, healthcare, automotive, paper and printing, building and construction, retail, defense, food and beverage, wind energy, solar energy, sports, and aerospace.
Adhesive Tapes Market Country Level Analysis
The adhesive tapes market is analysed and market size, volume information is provided by country, resin type, material, technology, category and end-use as referenced above.
The countries covered in adhesive tapes market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and Rest of Europe.
U.K. dominates the adhesive tapes market during the forecast period of 2022-2029 due to the presence of major key players and increasing healthcare and automotive sector in this region. Additionally, increasing level of disposable income, rising number of research and development projects and technological advancement are the market drivers that will further propel the market’s growth rate in this region.
The country section of the adhesive tapes market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Adhesive Tapes Market Share Analysis
The adhesive tapes market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to adhesive tapes market.
Some of the major players operating in the adhesive tapes market are 3M, tesa Tapes (India) Private Limited, LINTEC Corporation, NITTO DENKO CORPORATION, Adhesives Research, Inc., Advance Tapes International, Ajit Industries Pvt. Ltd., H.B. Fuller Company, RPM International Inc., Henkel AG & Co. KGaA, American Biltrite, Berry Global Inc., Cantech, CCT Tapes, DermaMed Coatings Company LLC, Rogers Corporation, Lohmann GmbH & Co. Kg, NICIBAN Co., Saint-Gobain, Scapa Group plc, Shurtape Technologies, LLC, Wuhan Huaxia Nanfeng Adhesive Tapes Co. Ltd., and AVERY DENNISON CORPORATION among others.
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