Europe Adhesive Tapes Market Growth Drivers and Forecast by 2028

The Europe adhesive tapes market is expected to grow from US$ 12,781.91 million in 2021 to US$ 17,655.34 million by 2028; it is estimated to grow at a CAGR of 4.7% from 2021 to 2028.

The UK, Germany, France, Italy, and Russia are major economies in Europe. Surging demand for adhesive tapes from automotive industry is expected to escalate the market growth. The adhesive tapes market in the region is witnessing growth due to the wide utilization of adhesive tapes in several industries, such as automotive, building and construction, paper, and printing, and electrical and electronics, by countries across the region. Furthermore, the market in the region is primarily significantly affected by the economic dynamics of several countries. However, with the rising foreign direct investments in the industrial development, the current scenario of automotive industry is gradually changing. Countries in the region are observing high growth in the automotive and aviation industries.  Adhesive tape is mainly used to assemble various components to protect the production line process. These tapes are usually used to grasp screws and bolts so that seats and dashboards can be easily fixed in their places. Further, adhesive tapes are used in seat heating elements, foam and fabric attachment on the instrument panel, steering wheel wrapping, and mounting rubber and plastic profiles in the vehicle interior. Thus, the growing demand for adhesive tapes from the automotive industry in the region fuels the growth of the Europe adhesive tapes market.

Countries in Europe, especially the UK and Russia, are highly affected due to the COVID-19 outbreak. It is suffering an economic hit due to a lack of revenue from various industries, as the country recorded the highest number of COVID-19 cases, followed by France, Spain, Italy, and Germany. Other member states have implemented drastic measures and travel restrictions by partially closing their borders. This is impacting the growth of the adhesives market in Europe.  To reduce the impact of the COVID-19 pandemic and empower the healthcare industry, the European Union has set budgets for various European countries, such as US$ 550 per capita in the UK, and approx. US$ 366 per capita in Germany and Ireland. It also applies to other European countries. Health-related initiatives include purchasing professional medical and personal protective equipment (PPE), expanding research capabilities, hiring additional staff and benefits, supporting hospitals and local governments, and donating vaccine production. With the economy on the mend, several industrial sectors and economies are making strategic investments in the healthcare sector. This is expected to accelerate the market growth in the coming years.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Europe adhesive tapes market. The Europe adhesive tapes market is expected to grow at a good CAGR during the forecast period. 

Europe Adhesive Tapes Market Segmentation        
Europe Adhesive Tapes Market – By Resin Type

• Acrylic
• Rubber
• Silicone
• Others

Europe Adhesive Tapes Market – By Technology

• Water-Based Adhesive Tapes
• Solvent-Based Adhesive Tapes
• Hot-Melt- Based Adhesive Tapes

Europe Adhesive Tapes Market – By Tape Backing Material

• Polypropylene (PP)
• Paper
• Polyvinyl Chloride (PVC)
• Others

Europe Adhesive Tapes Market – ByApplication

• Packaging
• Healthcare
• Automotive
• Electrical and Electronics
• Building and Construction 
• Others

Europe Adhesive Tapes Market, by Country

• Germany
• France
• Italy 
• UK
• Russia
• Rest of Europe

Europe Adhesive Tapes Market - Companies Mentioned

• 3M
• Avery Dennison Corporation
• Berry Global Inc.
• Intertape Polymer Group
• LINTEC Corporation
• Lohmann GmbH & Co.KG
• Nitto Denko Corporation
• Rogers Corporation
• Scapa
• tesa SE

Europe Adhesive Tapes Report Scope