Market Forecast By Resin Types (Acrylic, Epoxy, Rubber-based, Silicone, Polyurethane, Others), By Technology Types (Water-based, Solvent-based, Hot-melt, Reactive, Others), By Baking Material (Polypropylene (PP), Polyvinyl Chloride (PVC), Paper, Others), By End-users (Automotive, Health Care, Appliances, Others) And Competitive Landscape
Product Code: ETC003920 | Publication Date: Sep 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Hungary Adhesive Tapes market currently, in 2024, has witnessed an HHI of 7838, Which has increased slightly as compared to the HHI of 7175 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Hungary Adhesive Tapes Market |
Forecast period | 2025-2031 |
CAGR | 5.5% |
Growing Sector | Hot-Melt Technology Segment |
The Hungary Adhesive Tapes Market report thoroughly covers the market by resin types, technology types, baking materials and end-users. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Hungary Adhesive Tapes Market is expected to experience a steady growth during the forecast period. This growth can be attributed to the increasing use of adhesive tapes in various industries, such as automotive, packaging, construction and electronics.
According to 6Wresearch, Hungary Adhesive Tapes Market size is expected to grow at a CAGR 5.5% during 2025-2031. The increasing need for packaging solutions is one of the key factors propelling Hungary's adhesive tapes market expansion. The demand for effective and safe packing materials has significantly increased with the growth of e-commerce and online shopping. The ease of use and affordability of adhesive tapes as a packaging option is anticipated to fuel their demand in the upcoming years. Furthermore, sticky tapes are now employed in place of more conventional fastening techniques like screws and bolts thanks to technical improvements. As a result, their use in a variety of industries has increased, which has helped the market expand even more.
The market for adhesive tapes in Hungary has several significant obstacles, one of which is the unstable cost of the raw materials used to produce the tapes. The manufacture and cost of adhesive tapes can be impacted by the extremely unstable costs of these raw materials, which include rubber and acrylics. Because of this, manufacturers need to keep a close eye on raw material pricing and adjust as necessary. Furthermore, the growing use of substitute packaging materials including paper-based solutions and biodegradable plastics could potentially hinder the expansion of the adhesive tapes market in Hungary.
Some of the key players operating in the Hungary adhesive tapes market include 3M Company, Tesa SE, Avery Dennison Corporation, Nitto Denko Corporation, Lintec Corporation, Intertape Polymer Group Inc., Scapa Group Plc., and Saint-Gobain Performance Plastics Corporation, among others. These companies are constantly investing in research and development to introduce innovative adhesive tapes and expand their product portfolios.
The Hungarian government has launched a number of programs to encourage the expansion of sectors that use adhesive tapes heavily, including electronics, construction, and the automobile industry. This is anticipated to foster an atmosphere that will support the expansion of Hungary's adhesive tape business. The nation's need for environmentally friendly adhesive tapes is predicted to increase as a result of the government's emphasis on sustainable packaging solutions.
It is anticipated that Hungary's need for adhesive tapes will rise further as more people become aware of the advantages of utilizing them over more conventional fastening techniques. Adhesive tapes are anticipated to be widely adopted across a range of industries due in part to their production using cutting-edge technologies. Biodegradable adhesive tapes may also be developed and released onto the market as a result of the growing trend for environmentally friendly packaging options. In the upcoming years, this is anticipated to significantly accelerate the expansion of the adhesive tapes market in Hungary.
According to Dhaval, Research Manager, 6Wresearch. The acrylic segment is growing in demand due to its strong bonding capabilities, versatility, and cost-effectiveness, making it a popular choice for various industries. Additionally, the increasing demand for sustainable solutions is also driving growth in this segment as acrylic adhesive tapes are environmentally friendly and can be easily recycled. Overall, the acrylic segment accounts for a significant portion of the Hungarian adhesive tapes market and is expected to continue experiencing growth in demand in the future. So, companies operating in this market should focus on offering innovative and sustainable acrylic adhesive tape products to stay competitive and meet consumer demands.
The hot-melt technology segment is growing in demand within the Hungarian adhesive tapes market. This is due to its fast bonding capabilities, strong adhesive properties, and versatility in various applications. Hot-melt adhesive tapes are commonly used in industries such as packaging, construction, and automotive for their high strength and durability. With increasing consumer demand for efficient and reliable bonding solutions, the hot-melt technology segment is expected to continue experiencing growth in the coming years. As companies invest in research and development to improve this technology further, there may be even more opportunities for growth and innovation within this segment.
The polypropylene segment is growing in demand within the Hungarian adhesive tapes market. This can be attributed to its high strength, flexibility, and resistance to tearing and moisture. Polypropylene adhesive tapes are commonly used in packaging, construction, and other industries for their ability to adhere to a variety of surfaces and withstand various environmental conditions. With the increasing popularity of e-commerce and online shopping in Hungary, there is a growing demand for strong and reliable packaging materials like polypropylene adhesive tapes. As this trend continues, the demand for polypropylene-based tapes is expected to rise even further in the coming years.
The automotive segment is seeing a growing demand for adhesive tapes in Hungary. This is due to the increasing production and sales of automobiles in the country, as well as the use of tapes for various applications such as bonding interior components and securing parts during transportation. With advancements in technology and materials, there are also opportunities for specialized automotive tapes such as high-temperature resistant or noise-cancelling tapes. As the automotive industry continues to grow in Hungary, the demand for adhesive tapes in this segment is expected to increase significantly, providing potential growth opportunities for companies operating in this market.
The Hungary Adhesive Tapes Market report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1. Key Highlights of the Report |
2.2. Report Description |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Hungary Adhesive Tapes Market Overview |
3.1. Hungary Country Macro Economic Indicators |
3.2. Hungary Adhesive Tapes Market Revenues & Volume, 2021 & 2031F |
3.3. Hungary Adhesive Tapes Market - Industry Life Cycle |
3.4. Hungary Adhesive Tapes Market - Porter's Five Forces |
3.5. Hungary Adhesive Tapes Market Revenues & Volume Share, By Resin Types, 2021 & 2031F |
3.6. Hungary Adhesive Tapes Market Revenues & Volume Share, By Technology Types, 2021 & 2031F |
3.7. Hungary Adhesive Tapes Market Revenues & Volume Share, By Baking Material, 2021 & 2031F |
3.8. Hungary Adhesive Tapes Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4. Hungary Adhesive Tapes Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Hungary Adhesive Tapes Market Trends |
6. Hungary Adhesive Tapes Market, By Types |
6.1. Hungary Adhesive Tapes Market, By Resin Types |
6.1.1 Overview and Analysis |
6.1.2. Hungary Adhesive Tapes Market Revenues & Volume, By Resin Types, 2021-2031F |
6.1.3. Hungary Adhesive Tapes Market Revenues & Volume, By Acrylic, 2021-2031F |
6.1.4. Hungary Adhesive Tapes Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5. Hungary Adhesive Tapes Market Revenues & Volume, By Rubber-based, 2021-2031F |
6.1.6. Hungary Adhesive Tapes Market Revenues & Volume, By Silicone, 2021-2031F |
6.1.7. Hungary Adhesive Tapes Market Revenues & Volume, By Polyurethane, 2021-2031F |
6.1.8. Hungary Adhesive Tapes Market Revenues & Volume, By Others, 2021-2031F |
6.2. Hungary Adhesive Tapes Market, By Technology Types |
6.2.1. Overview and Analysis |
6.2.2. Hungary Adhesive Tapes Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.3. Hungary Adhesive Tapes Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4. Hungary Adhesive Tapes Market Revenues & Volume, By Hot-melt, 2021-2031F |
6.2.5. Hungary Adhesive Tapes Market Revenues & Volume, By Reactive, 2021-2031F |
6.2.6. Hungary Adhesive Tapes Market Revenues & Volume, By Others, 2021-2031F |
6.3. Hungary Adhesive Tapes Market, By Baking Material |
6.3.1. Overview and Analysis |
6.3.2. Hungary Adhesive Tapes Market Revenues & Volume, By Polypropylene (PP), 2021-2031F |
6.3.3 Hungary Adhesive Tapes Market Revenues & Volume, By Polyvinyl Chloride (PVC), 2021-2031F |
6.3.4. Hungary Adhesive Tapes Market Revenues & Volume, By Paper, 2021-2031F |
6.3.5. Hungary Adhesive Tapes Market Revenues & Volume, By Others, 2021-2031F |
6.4. Hungary Adhesive Tapes Market, By End-users |
6.4.1. Overview and Analysis |
6.4.2. Hungary Adhesive Tapes Market Revenues & Volume, By Automotive, 2021-2031F |
6.4.3. Hungary Adhesive Tapes Market Revenues & Volume, By Health Care, 2021-2031F |
6.4.4. Hungary Adhesive Tapes Market Revenues & Volume, By Appliances, 2021-2031F |
6.4.5. Hungary Adhesive Tapes Market Revenues & Volume, By Others, 2021-2031F |
7. Hungary Adhesive Tapes Market Import-Export Trade Statistics |
7.1. Hungary Adhesive Tapes Market Export to Major Countries |
7.2. Hungary Adhesive Tapes Market Imports from Major Countries |
8. Hungary Adhesive Tapes Market Key Performance Indicators |
9. Hungary Adhesive Tapes Market - Opportunity Assessment |
9.1. Hungary Adhesive Tapes Market Opportunity Assessment, By Resin Types, 2021 & 2031F |
9.2. Hungary Adhesive Tapes Market Opportunity Assessment, By Technology Types, 2021 & 2031F |
9.3. Hungary Adhesive Tapes Market Opportunity Assessment, By Baking Material, 2021 & 2031F |
9.4. Hungary Adhesive Tapes Market Opportunity Assessment, By End-users, 2021 & 2031F |
10. Hungary Adhesive Tapes Market - Competitive Landscape |
10.1. Hungary Adhesive Tapes Market Revenue Share, By Companies, 2024 |
10.2. Hungary Adhesive Tapes Market Competitive Benchmarking, By Operating and Technical Parameters |
11. Company Profiles |
12. Recommendations |
13. Disclaimer |