Market Size of Europe Contact Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Contact Adhesive Market Analysis
Europe contact adhesives market is expected to grow at a CAGR of around 3% during the forecast period. The demand for contact adhesives is widely driven by the recovery in construction activities and increased application in automotive industry for producing lightweight vehicles. However, stringent VOC emission regulations may affect the growth of the studied market.
- The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from construction and footwear industries.
- The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
- Germany stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the growing demand from end-user industries, such as packaging, construction, woodworking and footwear.
Europe Contact Adhesive Industry Segmentation
Europe contact adhesives market report include:
Resin | |
Neoprene | |
Styrene Butadiene Copolymer | |
Acrylic Copolymer | |
Other Resins |
Technology | |
Water-borne | |
Solvent-borne | |
Other Technologies |
End-user Industry | |
Building and Construction | |
Automotive and Aerospace | |
Consumer Durables | |
Packaging | |
Woodworking | |
Leather and Footwear | |
Other End-user Industries |
Geography | |
Germany | |
United Kingdom | |
France | |
Italy | |
Spain | |
Rest of Europe |
Europe Contact Adhesives Market Size Summary
The Europe contact adhesive market is poised for growth, driven by the resurgence in construction activities and the automotive industry's shift towards lightweight vehicles. The neoprene-based segment leads the market, fueled by demand from the construction and footwear sectors. However, the market's expansion faces challenges from stringent VOC emission regulations. The trend towards water-borne adhesives presents new opportunities for growth. Germany emerges as the largest market within the region, with significant consumption attributed to the packaging, construction, woodworking, and footwear industries. The properties of contact adhesives, such as high cohesive strength and environmental resistance, make them particularly valuable in construction applications, including wooden flooring and artificial turf.
The construction sector's growth in Europe, especially in countries like Germany, the United Kingdom, Italy, Spain, and Russia, is expected to bolster the demand for contact adhesives. Germany's robust construction industry, supported by favorable economic conditions and government investments, is a key driver of market consumption. The country's ongoing construction projects and the retail sector's expansion, spurred by increased online grocery orders and eco-friendly packaging initiatives, further contribute to the market's growth. The European contact adhesives market is characterized by its fragmented nature, with major players such as 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA playing significant roles in shaping the competitive landscape.
Europe Contact Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Recovery in Construction Industry
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1.1.2 Increased Application in Automotive and Aerospace Industry
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 Other Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin
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2.1.1 Neoprene
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2.1.2 Styrene Butadiene Copolymer
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2.1.3 Acrylic Copolymer
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2.1.4 Other Resins
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Solvent-borne
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2.2.3 Other Technologies
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2.3 End-user Industry
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2.3.1 Building and Construction
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2.3.2 Automotive and Aerospace
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2.3.3 Consumer Durables
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2.3.4 Packaging
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2.3.5 Woodworking
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2.3.6 Leather and Footwear
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2.3.7 Other End-user Industries
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Italy
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2.4.5 Spain
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2.4.6 Rest of Europe
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Europe Contact Adhesives Market Size FAQs
What is the current Europe Contact Adhesives Market size?
The Europe Contact Adhesives Market is projected to register a CAGR of less than 3% during the forecast period (2024-2029)
Who are the key players in Europe Contact Adhesives Market?
3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller and Sika AG are the major companies operating in the Europe Contact Adhesives Market.