Market Size of europe cyanoacrylate adhesives Industry
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 743.16 Million |
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Market Size (2028) | USD 911.23 Million |
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Largest Share by End User Industry | Healthcare |
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CAGR (2024 - 2028) | 5.23 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Cyanoacrylate Adhesives Market Analysis
The Europe Cyanoacrylate Adhesives Market size is estimated at 743.16 million USD in 2024, and is expected to reach 911.23 million USD by 2028, growing at a CAGR of 5.23% during the forecast period (2024-2028).
743.16 Million
Market Size in 2024 (USD)
911.23 Million
Market Size in 2028 (USD)
4.30 %
CAGR (2017-2023)
5.23 %
CAGR (2024-2028)
Largest Market by End-user Industry
33.05 %
value share, Healthcare, 2023
Healthcare is the dominant end-user industry in the market owing to the wide range of applications in surgical and medical device production.
Largest Market by Technology
77.47 %
value share, Reactive, 2023
Reactive is the largest technology type in the market owing to its wide range of applications across major end-user industries, including automotive, healthcare, and woodworking and joinery.
Largest Market by Country
23.84 %
value share, Germany, 2023
In Europe, Germany had the highest market share owing to the strong presence of manufacturers in the country's automotive, healthcare, and woodworking and joinery industries.
Fastest Growing Market by Country
5.64 %
Projected CAGR, France, 2024-2028
Due to the increasing healthcare expenditure along with rising demand for electric vehicles, France is forecasted to be the fastest-growing country in the market.
Leading Market Player
41.57 %
market share, Henkel AG & Co. KGaA, 2021
Henkel has been witnessed as the leading cyanoacrylate adhesives manufacturer in the region. This can be attributed to the popularity of its products in widespread industries, including automotive and healthcare.
Demand for cyanoacrylate adhesives based on reactive technology in aerospace to lead in growth rate in Europe
- Europe has a large manufacturing base and well-established export networks. Healthcare, aerospace, automotive, building and construction, and marine are among the few well-established industries in the region which have collectively generated steady demand for cyanoacrylate adhesives from 2017 to 2019. Countries like Germany, France, and The United Kingdom have occupied a larger share of the demand generated for cyanoacrylate adhesives from the Europe region.
- In 2020, the demand for cyanoacrylate adhesives declined by 11.24% compared to the 2019 levels because of the covid-19 pandemic. Operational, trade and supply chain restrictions have forced industries like automotive, aerospace, and others to have production cuts. This has negatively affected the demand for cyanoacrylate adhesives from the region during this period.
- Among all regions, European automotive, aerospace and woodworking and joinery, and other industries are heavily engaged in R&D activities. All Industries in the region are focusing on reducing their carbon footprint to achieve a net zero emissions goal by 2050. Industries like automotive and aerospace, where fuel efficiency and weight reduction play an important role, might witness a surge in demand for cyanoacrylate adhesives during the forecast period. Among all countries in Europe, France is expected to witness the highest growth in the demand for cyanoacrylate adhesives, with a CAGR of 6.27% during the forecast period (2022-2028).
- Healthcare occupies the largest share of the demand for cyanoacrylate adhesives because of the large number of applications. However, the growth in demand for cyanoacrylate adhesives with reactive technology from the aerospace end-user industry is expected to be with the highest CAGR of 6.95% in 2022-2028.
Developments in the aerospace industry across the European countries to have boost the market's growth the most
- Cyanoacrylate adhesives help in the reduction of assembly times and are consumed mainly in the healthcare industry. The healthcare industry consumes around 37,362 tons of adhesives in Europe, which accounted for 36.21% of the European cyanoacrylate adhesives market in 2021. These adhesives are used to manufacture disposable medical devices and other healthcare applications.
- Germany is the largest consumer of cyanoacrylate adhesives in Europe. In 2021, around 40% of these adhesives were used in the healthcare industry of Germany, which is the third largest healthcare industry globally. In 2021, the healthcare expenditure in the country was around USD 792 billion and contributed nearly 12% of the country's GDP. In the same year, the exports of medical devices by the country increased by 11.85%. Such rising demand from the healthcare industry in the country is expected to drive the demand for cyanoacrylate adhesives over the coming years.
- Aerospace is the fastest-growing end-user industry in the consumption of cyanoacrylate adhesives in Europe and is expected to record a CAGR of 7.24% during the forecast period 2022-2028. Germany's aerospace industry is driven by technological innovation, and around EUR 2.5 billion was spent on research and development in 2021. In France, Airbus announced plans to increase production speeds and capacity from 40 aircraft per month in 2021 to 64 per month in 2023 and as many as 70 per month by early 2024. These abovementioned factors are expected to boost the demand for cyanoacrylate adhesives over the coming years in Europe.
- Reactive cyanoacrylate adhesives are primarily consumed in Europe and accounted for 75% of the total cyanoacrylate demand in 2021. Their demand is expected to grow further over the forecast period.
Europe Cyanoacrylate Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Woodworking and Joinery are covered as segments by End User Industry. Reactive, UV Cured Adhesives are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
- Europe has a large manufacturing base and well-established export networks. Healthcare, aerospace, automotive, building and construction, and marine are among the few well-established industries in the region which have collectively generated steady demand for cyanoacrylate adhesives from 2017 to 2019. Countries like Germany, France, and The United Kingdom have occupied a larger share of the demand generated for cyanoacrylate adhesives from the Europe region.
- In 2020, the demand for cyanoacrylate adhesives declined by 11.24% compared to the 2019 levels because of the covid-19 pandemic. Operational, trade and supply chain restrictions have forced industries like automotive, aerospace, and others to have production cuts. This has negatively affected the demand for cyanoacrylate adhesives from the region during this period.
- Among all regions, European automotive, aerospace and woodworking and joinery, and other industries are heavily engaged in R&D activities. All Industries in the region are focusing on reducing their carbon footprint to achieve a net zero emissions goal by 2050. Industries like automotive and aerospace, where fuel efficiency and weight reduction play an important role, might witness a surge in demand for cyanoacrylate adhesives during the forecast period. Among all countries in Europe, France is expected to witness the highest growth in the demand for cyanoacrylate adhesives, with a CAGR of 6.27% during the forecast period (2022-2028).
- Healthcare occupies the largest share of the demand for cyanoacrylate adhesives because of the large number of applications. However, the growth in demand for cyanoacrylate adhesives with reactive technology from the aerospace end-user industry is expected to be with the highest CAGR of 6.95% in 2022-2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| UV Cured Adhesives |
| Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Europe Cyanoacrylate Adhesives Market Size Summary
The Europe Cyanoacrylate Adhesives Market is poised for significant growth, driven by its robust manufacturing base and established export networks across various industries such as healthcare, aerospace, automotive, building and construction, and marine. These sectors have consistently generated demand for cyanoacrylate adhesives, with countries like Germany, France, and the United Kingdom leading in consumption. The market experienced a temporary decline in demand due to the COVID-19 pandemic, which disrupted supply chains and led to production cuts in key industries. However, the focus on reducing carbon footprints and achieving net-zero emissions by 2050 is expected to boost demand, particularly in the automotive and aerospace sectors, where fuel efficiency and weight reduction are critical.
The healthcare industry remains the largest consumer of cyanoacrylate adhesives in Europe, with significant applications in manufacturing disposable medical devices. Germany, with its substantial healthcare sector, is the largest consumer in the region, driven by rising healthcare expenditure and exports of medical devices. The aerospace industry is the fastest-growing end-user, with countries like Germany and France investing heavily in research and development to enhance production capabilities. Reactive cyanoacrylate adhesives dominate the market, accounting for a significant portion of the demand. The European furniture industry, a major global player, also contributes to the market's growth, with countries like Germany and Italy leading in production and innovation. The market is moderately consolidated, with major players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Soudal Holding N.V. actively expanding their presence through strategic acquisitions and partnerships.
Europe Cyanoacrylate Adhesives Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
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1.1 End User Industry
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1.1.1 Aerospace
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1.1.2 Automotive
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1.1.3 Building and Construction
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1.1.4 Footwear and Leather
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1.1.5 Healthcare
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1.1.6 Woodworking and Joinery
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1.1.7 Other End-user Industries
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1.2 Technology
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1.2.1 Reactive
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1.2.2 UV Cured Adhesives
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1.3 Country
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1.3.1 France
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1.3.2 Germany
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1.3.3 Italy
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1.3.4 Russia
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1.3.5 Spain
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1.3.6 United Kingdom
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1.3.7 Rest of Europe
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Europe Cyanoacrylate Adhesives Market Size FAQs
How big is the Europe Cyanoacrylate Adhesives Market?
The Europe Cyanoacrylate Adhesives Market size is expected to reach USD 743.16 million in 2024 and grow at a CAGR of 5.23% to reach USD 911.23 million by 2028.
What is the current Europe Cyanoacrylate Adhesives Market size?
In 2024, the Europe Cyanoacrylate Adhesives Market size is expected to reach USD 743.16 million.
