Europe Adhesives Market Size
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | |
| CAGR | 6.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Adhesives Market Analysis
Europe's Adhesives Market was valued at USD 17,170 million at the end of this year, and the market is projected to register a CAGR of 6.7% during the forecast period. The COVID pandemic negatively affected the market for adhesives in Europe. However, post-COVID. the rising demand from the construction, packaging, and healthcare industries is expected to revive the region's adhesives market.
- The increasing application in the packaging industry and growing demand from the construction industry extensively drive the demand for adhesives. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to adhesives.
- In the studied market, water-borne dominates the adhesive technology segment.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives market.
- Germany stands to be the largest market for adhesives in the region, where the consumption is driven by end-user industries, such as automotive, construction, electronics and packaging.
Europe Adhesives Market Trends
This section covers the major market trends shaping the Europe Adhesives Market according to our research experts:
The Packaging End-User Segment to Dominate the Market
- The packaging segment is the largest consumer of the European adhesives market. The packaging industry has been witnessing strong demand from end-user industries, such as food and beverages, cosmetics, consumer goods, stationery, and other end-user industries.
- Germany is one of the biggest e-commerce markets in Europe and has the second largest population, which will drive the packaging production market. Total online goods sales reached around USD 106 billion in 2021, an increase compared to USD 89 billion in 2020.
- In the United Kingdom, plastic packaging makes up around 70% of all plastic trash. Hence, plastic packaging is the main concern, and the demand for paper packaging is increasing. The plastic tax (taxing any plastic packaging that does not contain at least 30% recycled plastic) that went into effect in the United Kingdom on April 1, 2022, is also likely to boost demand for paper-based packaging.
- The United Kingdom produced around 1.9 million tons of packaging paper and paperboard and 5.3 million tons of corrugated board in 2021, thereby increasing the demand for packaging adhesives in the country.
- Similarly, in France the packaging production increased, reaching 101.8 million kg in 2021 compared to 97.7 million kg of production in 2020, increasing the adhesives consumption volume by around 6.25% in 2021 compared to 2020. France produces around 4.8 million tons of plastic per year, of which 45% is used for packaging.
United Kingdom to Register Significant Market Growth
- The United Kingdom is one of the largest consumers of adhesives in the region. Growing construction activities, increasing consumption in the packaging industry, and the growing healthcare and automotive industries are key factors driving the consumption of adhesives in the country.
- The construction industry drives the United Kingdom's adhesives market due to diverse applications, such as roofing, plumbing, and flooring. The government plans to invest USD 27.8 billion in housing, science and innovation, transport, and a 5G network over the next five years, of which around USD 8.7 billion have been allocated for the construction of new homes and USD 4.8 billion for infrastructure.
- In addition, the government has plans to invest USD 122.9 billion in large-scale housing projects, along with key social infrastructures, such as schools and hospitals. Under these projects, the government promised to build about 1,000,000 homes, which is expected to increase the demand for adhesives.
- Similarly, the electric vehicle production volumes in the United Kingdom have increased with the availability of new EV models, ongoing government support, and the continued expansion of the public charging infrastructure. The increased production volumes are expected to improve the UK adhesives market.
- Adhesives in UK healthcare are largely being procured across the medical device industry. The medical device market in the United Kingdom is the third largest in Europe, following Germany and France, and the sixth largest in the world. Domestic device manufacturing is distinguished by a large number of small-scale medical device companies, as well as a few global manufacturers with a significant market presence. Many large US corporations have subsidiaries in the United Kingdom.
Europe Adhesives Industry Overview
The Europe Adhesives market is partially consolidated. Some major players in the market include Arkema Group, Henkel AG & Co. KGaA, H.B. Fuller Company, Huntsman International LLC, and Sika AG.
Europe Adhesives Market Leaders
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Arkema Group
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Henkel AG & Co. KGaA
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H.B. Fuller Company
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Huntsman International LLC
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Sika AG
*Disclaimer: Major Players sorted in no particular order
Europe Adhesives Market News
- In March 2022, Bostik signed an agreement with DGE for distribution throughout Europe, Middle East & Africa. The agreement includes Born2BondTM engineering adhesives developed for 'by-the-dot' bonding applications in specific industries, such as automotive, electronics, luxury packaging, medical devices, and MRO.
- In Feb 2022, H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
- In July 2021, H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
Europe Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Report
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand from the Construction Industry in Germany
- 4.1.2 Growing Usage in the Packaging Industry
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4.2 Restraints
- 4.2.1 Rising Environmental Concerns
- 4.2.2 Other Restrains
- 4.3 Industry Value-chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Resin
- 5.1.1 Acrylic
- 5.1.2 Cyanoacrylate
- 5.1.3 Epoxy
- 5.1.4 Polyurethane
- 5.1.5 Silicone
- 5.1.6 VAE/EVA
- 5.1.7 Other Resins
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5.2 Technology
- 5.2.1 Hot Melt
- 5.2.2 Reactive
- 5.2.3 Solvent-borne
- 5.2.4 UV Cured
- 5.2.5 Water-borne
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5.3 End-user Industry
- 5.3.1 Aerospace
- 5.3.2 Automotive
- 5.3.3 Building and Construction
- 5.3.4 Footwear and Leather
- 5.3.5 Healthcare
- 5.3.6 Packaging
- 5.3.7 Woodworking and Joinery
- 5.3.8 Other End-user Industries
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5.4 Geography
- 5.4.1 France
- 5.4.2 Germany
- 5.4.3 Italy
- 5.4.4 Russia
- 5.4.5 Spain
- 5.4.6 United Kingdom
- 5.4.7 Rest Of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Avery Dennison Corporation
- 6.4.4 Beardow Adams
- 6.4.5 Dow
- 6.4.6 Dymax Corporation
- 6.4.7 H.B. Fuller Company
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 Huntsman International LLC
- 6.4.10 Jowat AG
- 6.4.11 Mapei Inc.
- 6.4.12 Tesa SE (A Beiersdorf Company)
- 6.4.13 MUNZING Corporation
- 6.4.14 Sika AG
- 6.4.15 Wacker Chemie AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Innovation and Development of Bio-based Adhesives
- 7.2 Shifting Focus Towards Adhesive Bonding for Composite Materials
Europe Adhesives Industry Segmentation
Adhesives are made from a combination of resins, additives, and solvents. The composition of the resins and additives entirely depends on the end-user industry in which they are used. The adhesives market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and Other resins. By technology, the market is segmented into the hot melt, reactive, solvent-borne, UV cured, water-borne, and solvent-borne, and by end-user industry, the market is segmented into aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and other end-user industries. The report also covers the market size and forecasts for the market in six countries across Europe. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).
| Resin | Acrylic |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins | |
| Technology | Hot Melt |
| Reactive | |
| Solvent-borne | |
| UV Cured | |
| Water-borne | |
| End-user Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries | |
| Geography | France |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest Of Europe |
Europe Adhesives Market Research FAQs
What is the current Europe Adhesives Market size?
The Europe Adhesives Market is projected to register a CAGR of greater than 6.70% during the forecast period (2024-2029)
Who are the key players in Europe Adhesives Market?
Arkema Group, Henkel AG & Co. KGaA, H.B. Fuller Company, Huntsman International LLC and Sika AG are the major companies operating in the Europe Adhesives Market.
What years does this Europe Adhesives Market cover?
The report covers the Europe Adhesives Market historical market size for years: . The report also forecasts the Europe Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Adhesives Industry Report
Statistics for the 2024 Europe Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
