Europe Hot-melt Adhesives Market Size (2024 - 2029)

The Europe hot-melt adhesives market is poised for notable expansion, driven by increasing demand from the packaging sector and a shift towards environmentally friendly solutions. Despite challenges such as raw material price volatility, the market is expected to benefit from the adoption of bio-based alternatives. Germany is anticipated to lead the market, experiencing the most rapid growth in the region.

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Market Size of Europe Hot-melt Adhesives Industry

Europe Hot Melt Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.50 %
Market Concentration Low

Major Players

Europe Hot Melt Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Hot-melt Adhesives Market Analysis

The Europe hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 5.5%, over the forecast period. Increasing demand from the packaging industry and rising environmental concerns regarding solvent-borne adhesives are expected to drive the market during the forecast period.

  • Volatility in the availability and price of raw material forcing internal substitution is likely to hinder the market's growth.
  • Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
  • Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Europe Hot-melt Adhesives Industry Segmentation

The Europe hot-melt adhesives market report includes:

Resin Type
Ethylene Vinyl Acetate
Styrenic-butadiene Copolymers
Thermoplastic Polyurethane
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Transportation
Footwear and Leather
Healthcare
Electronics
Other End-user Industries
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Hot-melt Adhesives Market Size Summary

The Europe hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and heightened environmental concerns over solvent-borne adhesives. This market is characterized by its extensive application in the paper, board, and packaging sectors, where it is predominantly used for carton closing, sealing, and pallet stabilization. The demand for hot-melt adhesives is particularly strong in the food and beverage industry, as well as in healthcare products, which are significant consumers of folding cartons. The rise of e-commerce and online purchasing further bolsters the market, as these trends necessitate efficient and reliable packaging solutions. Despite challenges such as raw material price volatility, the adoption of bio-based hot-melt adhesives presents new growth opportunities.

Germany is expected to lead the European hot-melt adhesives market, benefiting from its robust automotive and construction industries, as well as its expansive healthcare sector. The country's significant contribution to automobile production and its large construction industry, coupled with a thriving healthcare market, create a conducive environment for the growth of hot-melt adhesives. The market is fragmented, with key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG playing pivotal roles. These companies are well-positioned to capitalize on the growing demand across various sectors, ensuring the market's expansion over the forecast period.

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Europe Hot-melt Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging Industry

      2. 1.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives

    2. 1.2 Restraints

      1. 1.2.1 Volatility in the Availability and Price of Raw Material Forcing Internal Substitution

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Ethylene Vinyl Acetate

      2. 2.1.2 Styrenic-butadiene Copolymers

      3. 2.1.3 Thermoplastic Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Paper, Board, and Packaging

      3. 2.2.3 Woodworking and Joinery

      4. 2.2.4 Transportation

      5. 2.2.5 Footwear and Leather

      6. 2.2.6 Healthcare

      7. 2.2.7 Electronics

      8. 2.2.8 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe Hot-melt Adhesives Market Size FAQs

The Europe Hot-melt Adhesives Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

3M, Arkema Group, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Europe Hot-melt Adhesives Market.

Europe Hot-melt Adhesives Market Report Snapshots

Europe Hot-melt Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)