Europe Automotive Adhesives & Sealants Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 1.51 Billion |
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Market Size (2028) | USD 1.82 Billion |
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Largest Share by Resin | Polyurethane |
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CAGR (2024 - 2028) | 4.73 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Automotive Adhesives & Sealants Market Analysis
The Europe Automotive Adhesives & Sealants Market size is estimated at 1.51 billion USD in 2024, and is expected to reach 1.82 billion USD by 2028, growing at a CAGR of 4.73% during the forecast period (2024-2028).
1.51 Billion
Market Size in 2024 (USD)
1.82 Billion
Market Size in 2028 (USD)
0.22 %
CAGR (2017-2023)
4.73 %
CAGR (2024-2028)
Largest Market by Technology
38.71 %
value share, Reactive, 2023
In Europe, reactive technology accounts for the highest market share due to its wide-ranging applications in the automotive industry for assembling, repairing, and thread-locking, among others.
Largest Market by Resin
26.48 %
value share, Polyurethane, 2023
Polyurethane resins hold the largest market share owing to their wide-ranging applications in the automotive industry, specifically for exterior applications.
Largest Market by Country
18.65 %
value share, Germany, 2023
With the presence of a huge number of automotive manufacturers and their manufacturing operations, Germany holds the largest market share in Europe.
Fastest Growing Market by Country
5.95 %
Projected CAGR, United Kingdom, 2024-2028
Due to the rising concern toward carbon emission norms and rapidly growing demand for electric vehicles, France is projected to be the fastest-growing country over the forecast period.
Leading Market Player
43.75 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading automotive adhesives and sealants producer in the region, delivering high-performance solutions to meet the changing demand from the automotive industry.
Increasing shift toward vehicle electrification by automobile players to propel market growth
- Polyurethane, epoxy, and acrylic resins account for a large share of the European automotive adhesives and sealants market. The share of polyurethane resins is higher as they are most commonly used in the automotive industry to manufacture high-resilience foam seating, rigid foam insulation panels, B-pillars, headliners, suspension insulators, bumpers and other interior parts of light commercial vehicles, cars, and electric vehicles.
- In Europe, the usage of epoxy resins is increasing in countries like Germany, Russia, Poland, France, the United Kingdom, Belgium, and Italy. The use of lightweight resins in automotive vehicle parts increased along with automotive vehicle production capacities in these countries. In 2021, the production of light commercial vehicles increased to 2.1 million units, an increase of 1% over 2020. Thus, the usage of acrylic, silicone, and other resin-based adhesives and sealants increased in the region.
- The stringent emission norms implemented by governments in the region and the shift toward vehicle electrification by players are expected to boost the growth of the European automotive adhesives market over the forecast period. The market is expected to witness significant growth owing to the benefits offered by automotive adhesives over traditional metal welding. Automotive adhesives also reduce the noise, harshness, and vibration of the vehicle and provide comfortable driving. Hence, owing to such factors, the market is estimated to register a CAGR of 4.57% during the forecast period (2022-028).
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Government legislations to reduce Co2 emissions to boost electric vehicle manufacturing in turn boosting market demand
- Europe's automotive adhesives and sealants demand declined slightly in 2018 and 2019 due to changes in global vehicle standards and demand falls in western Europe and international trade conflicts. In 2020, Europe's automotive adhesives and sealants demand decreased by 20% as vehicle production fell from 21.56 million units in 2019 to 16.9 million units in 2020 due to operational and supply chain restrictions caused by the COVID-19 pandemic.
- Germany has the largest share of the demand for automotive adhesives and sealants among European countries due to its large manufacturing capacity, which is supported by the integrated value chain and R&D infrastructure of the country. In 2021, Germany manufactured 3.3 million units which constitute up to 20% of the total vehicles manufactured in Europe.
- Polyurethane and epoxy-based adhesives and sealants are most commonly used in the region because they can be used as structural adhesives to enhance the load-bearing capacity of the vehicle. They also offer heat and chemical resistance along with electric insulation, which makes them ideal for PCB (Printed Circuit Board) applications. In 2021, 85 million kilograms of polyurethane-based products were consumed, and by 2028 this is expected to reach 105.6 million kilograms with a CAGR of 3.16%.
- As part of the European commission's climate goals to reduce greenhouse house emissions by at least 55% by 2030. The legislation 'Fit for 55' sets targets to reduce CO2 emissions from cars by 55% and vans by 50% by 2030. This regulation has boosted the demand for electric vehicles, which in turn is expected to boost the demand for PU, acrylic, and silicone-based products in the forecast period, as they can also be used in automotive electronics.
Europe Automotive Adhesives & Sealants Market Trends
Supportive government initiatives to promote electric vehicles will raise the industry size
- Europe has a GDP of 34,230 USD per capita with a growth rate of 1.6% y-o-y in 2022. The automotive industry sector contributes a percentage of around 2% of the total GDP. The European vehicle production comprises 81% passenger vehicles, 17% commercial vehicles, and 2% other vehicles in 2021.
- In 2020, many European countries were affected by the COVID-19 pandemic, including Germany, Italy, Spain, Russia, and the United Kingdom. The pandemic resulted in supply chain disruptions, lockdowns in the countries, and chip shortages which affected automotive production in Europe. The production of vehicles sharply declined by 22% compared to 2019.
- The United States imports 25.3% worth of cars from Europe and became one of the leading importers of the United States, where Germany accounted for 10.3% and the United Kingdom for 4.7% of total imports of vehicles in the country in 2021. At the beginning of 2022, the sale of the new vehicle dropped by 20.5% due to the invasion of Ukraine by Russia, which reflected in vehicle production as well. In the first quarter of 2022, the European automotive market was down by 10.6% compared to the same period last year.
- Vehicle production is likely to grow with a CAGR of 2.25% during the period (2022 to 2027) due to the new investments being made in electric vehicles by many European countries. For instance, Spain is going to invest USD 5.1 billion in electric vehicle production.
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Europe Automotive Adhesives & Sealants Industry Overview
The Europe Automotive Adhesives & Sealants Market is fairly consolidated, with the top five companies occupying 66.71%. The major players in this market are 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC and Sika AG (sorted alphabetically).
Europe Automotive Adhesives & Sealants Market Leaders
3M
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
Sika AG
Other important companies include Arkema Group, AVERY DENNISON CORPORATION, DELO Industrie Klebstoffe GmbH & Co. KGaA, Dow, Illinois Tool Works Inc..
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Automotive Adhesives & Sealants Market News
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- April 2022: ITW Performance Polymers launched Plexus MA8105 as its newest adhesive with fast room-temperature curing, excellent mechanical properties, and a broad range of adhesion.
- 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.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Europe Automotive Adhesives & Sealants Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
-
4.1 End User Trends
- 4.1.1 Automotive
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4.2 Regulatory Framework
- 4.2.1 EU
- 4.2.2 Russia
- 4.3 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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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 Sealants
- 5.2.4 Solvent-borne
- 5.2.5 UV Cured Adhesives
- 5.2.6 Water-borne
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5.3 Country
- 5.3.1 France
- 5.3.2 Germany
- 5.3.3 Italy
- 5.3.4 Russia
- 5.3.5 Spain
- 5.3.6 United Kingdom
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 AVERY DENNISON CORPORATION
- 6.4.4 DELO Industrie Klebstoffe GmbH & Co. KGaA
- 6.4.5 Dow
- 6.4.6 H.B. Fuller Company
- 6.4.7 Henkel AG & Co. KGaA
- 6.4.8 Huntsman International LLC
- 6.4.9 Illinois Tool Works Inc.
- 6.4.10 Sika AG
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
-
8.1 Global Adhesives and Sealants Industry Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Drivers, Restraints, and Opportunities
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017-2028
- Figure 2:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 3:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 4:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, KILOGRAM, EUROPE, 2017 - 2028
- Figure 5:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, USD, EUROPE, 2017 - 2028
- Figure 6:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 7:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 8:
- VOLUME OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 9:
- VALUE OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 10:
- VALUE SHARE OF AUTOMOTIVE ACRYLIC ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 11:
- VOLUME OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 12:
- VALUE OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 13:
- VALUE SHARE OF AUTOMOTIVE CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 14:
- VOLUME OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 15:
- VALUE OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 16:
- VALUE SHARE OF AUTOMOTIVE EPOXY ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 17:
- VOLUME OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 18:
- VALUE OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 19:
- VALUE SHARE OF AUTOMOTIVE POLYURETHANE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 20:
- VOLUME OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 21:
- VALUE OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 22:
- VALUE SHARE OF AUTOMOTIVE SILICONE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 23:
- VOLUME OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 24:
- VALUE OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 25:
- VALUE SHARE OF AUTOMOTIVE VAE/EVA ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 26:
- VOLUME OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 27:
- VALUE OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 28:
- VALUE SHARE OF AUTOMOTIVE OTHER RESINS ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 29:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 30:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, USD, EUROPE, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 34:
- VALUE OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 35:
- VALUE SHARE OF AUTOMOTIVE HOT MELT ADHESIVES CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 36:
- VOLUME OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 37:
- VALUE OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 38:
- VALUE SHARE OF AUTOMOTIVE REACTIVE ADHESIVES CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 39:
- VOLUME OF AUTOMOTIVE SEALANTS CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 40:
- VALUE OF AUTOMOTIVE SEALANTS CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 41:
- VALUE SHARE OF AUTOMOTIVE SEALANTS CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 42:
- VOLUME OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 43:
- VALUE OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 44:
- VALUE SHARE OF AUTOMOTIVE SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 45:
- VOLUME OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 46:
- VALUE OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 47:
- VALUE SHARE OF AUTOMOTIVE UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 48:
- VOLUME OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 49:
- VALUE OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 50:
- VALUE SHARE OF AUTOMOTIVE WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, EUROPE, 2021 VS 2028
- Figure 51:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 52:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 53:
- VOLUME SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 54:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 55:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 56:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 57:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, FRANCE, 2021 VS 2028
- Figure 58:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 59:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 60:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, GERMANY, 2021 VS 2028
- Figure 61:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 62:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, ITALY, 2017 - 2028
- Figure 63:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, ITALY, 2021 VS 2028
- Figure 64:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 65:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 66:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, RUSSIA, 2021 VS 2028
- Figure 67:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 68:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 69:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, SPAIN, 2021 VS 2028
- Figure 70:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 71:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 72:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 73:
- VOLUME OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 74:
- VALUE OF AUTOMOTIVE ADHESIVES AND SEALANTS CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 75:
- VALUE SHARE OF AUTOMOTIVE ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF EUROPE, 2021 VS 2028
- Figure 76:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 77:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 78:
- REVENUE SHARE OF AUTOMOTIVE ADHESIVES AND SEALANTS BY MAJOR PLAYERS, %, EUROPE, 2021
Europe Automotive Adhesives & Sealants Industry Segmentation
Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
- Polyurethane, epoxy, and acrylic resins account for a large share of the European automotive adhesives and sealants market. The share of polyurethane resins is higher as they are most commonly used in the automotive industry to manufacture high-resilience foam seating, rigid foam insulation panels, B-pillars, headliners, suspension insulators, bumpers and other interior parts of light commercial vehicles, cars, and electric vehicles.
- In Europe, the usage of epoxy resins is increasing in countries like Germany, Russia, Poland, France, the United Kingdom, Belgium, and Italy. The use of lightweight resins in automotive vehicle parts increased along with automotive vehicle production capacities in these countries. In 2021, the production of light commercial vehicles increased to 2.1 million units, an increase of 1% over 2020. Thus, the usage of acrylic, silicone, and other resin-based adhesives and sealants increased in the region.
- The stringent emission norms implemented by governments in the region and the shift toward vehicle electrification by players are expected to boost the growth of the European automotive adhesives market over the forecast period. The market is expected to witness significant growth owing to the benefits offered by automotive adhesives over traditional metal welding. Automotive adhesives also reduce the noise, harshness, and vibration of the vehicle and provide comfortable driving. Hence, owing to such factors, the market is estimated to register a CAGR of 4.57% during the forecast period (2022-028).
| Resin | Acrylic |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins | |
| Technology | Hot Melt |
| Reactive | |
| Sealants | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne | |
| Country | France |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- End-user Industry - In the automotive industry, both the OEM and after market adhesive and sealants applications are considered under the scope.
- Product - All adhesive and sealant products used in automotive industry are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, UV Cured Adhesives, and Sealants technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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