Market Size of Europe, Middle-East and Africa Hot-melt Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.50 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe & MEA Hot-melt Adhesives Market Analysis
The Europe, Middle-East and Africa 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.
- Europe is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
Europe & MEA Hot-melt Adhesives Industry Segmentation
The Europe, Middle East & Africa 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 | ||||||||
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Europe, Middle-East and Africa Hot-melt Adhesives Market Size Summary
The Europe, Middle-East and Africa hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and a shift towards environmentally friendly alternatives to solvent-borne adhesives. The market is characterized by its extensive application in the paper, board, and packaging sectors, where hot-melt adhesives are essential for carton closing, sealing, and pallet stabilization. The rise in e-commerce and online purchasing, coupled with improved living standards in developing regions, is further propelling the demand for packaging solutions that utilize these adhesives. Despite challenges such as raw material price volatility, the adoption of bio-based hot-melt adhesives presents new opportunities for market expansion.
Europe is expected to lead the market, with Germany playing a pivotal role due to its robust automotive and construction industries, as well as its significant healthcare sector. The country's demand for packaging, particularly in the food and beverage and healthcare sectors, is anticipated to drive the market for hot-melt adhesives. The fragmented nature of the market sees key players like Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat, and Sika AG competing for market share. These factors collectively suggest a promising growth trajectory for the hot-melt adhesives market across the Europe, Middle-East, and Africa regions over the forecast period.
Europe, Middle-East and Africa Hot-melt 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 Increasing Demand from the Packaging Industry
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1.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives
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1.2 Restraints
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1.2.1 Volatility in the Availability and Price of Raw Material Forcing Internal Substitution
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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 Type
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2.1.1 Ethylene Vinyl Acetate
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2.1.2 Styrenic-butadiene Copolymers
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2.1.3 Thermoplastic Polyurethane
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2.1.4 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking and Joinery
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2.2.4 Transportation
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2.2.5 Footwear and Leather
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2.2.6 Healthcare
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2.2.7 Electronics
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2.2.8 Other End-user Industries
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2.3 Geography
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2.3.1 Europe
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2.3.1.1 Germany
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2.3.1.2 United Kingdom
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2.3.1.3 France
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2.3.1.4 Italy
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2.3.1.5 Spain
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2.3.1.6 Rest of Europe
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2.3.2 Middle-East and Africa
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2.3.2.1 Saudi Arabia
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2.3.2.2 South Africa
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2.3.2.3 United Arab Emirates
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2.3.2.4 Rest of Middle-East and Africa
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Europe, Middle-East and Africa Hot-melt Adhesives Market Size FAQs
What is the current Europe, Middle-East and Africa Hot-melt Adhesives Market size?
The Europe, Middle-East and Africa Hot-melt Adhesives Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Europe, Middle-East and Africa Hot-melt Adhesives Market?
Jowat, Arkema Group, Henkel AG & Co. KGaA, Sika AG and H.B. Fuller Company are the major companies operating in the Europe, Middle-East and Africa Hot-melt Adhesives Market.
