Market Size of spain adhesives Industry
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 2.21 Billion |
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Market Size (2028) | USD 2.75 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 5.64 % |
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Fastest Growing by End User Industry | Packaging |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Spain Adhesives Market Analysis
The Spain Adhesives Market size is estimated at 2.21 billion USD in 2024, and is expected to reach 2.75 billion USD by 2028, growing at a CAGR of 5.64% during the forecast period (2024-2028).
2.21 Billion
Market Size in 2024 (USD)
2.75 Billion
Market Size in 2028 (USD)
6.02 %
CAGR (2017-2023)
5.64 %
CAGR (2024-2028)
Largest Market by End-user Industry
69.58 %
value share, Packaging, 2023
In the Spanish adhesives market, packaging is the dominant end-user industry owing to its wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.
Fastest Growing Market by End-user Industry
6.15 %
Projected CAGR, Packaging, 2024-2028
The packaging industry is forecast to witness the fastest growth owing to the rising demand for paper and paperboard packaging and plastic packaging from various end-user industries, including food and beverage and e-commerce.
Largest Market by Technology
50.54 %
value share, Water-borne, 2023
Water-borne technology, an environmentally friendly and economically viable solution, holds a major market share due to its high usage in food packaging applications through emulsion and dispersion systems.
Largest Market by Resin
25.85 %
value share, Acrylic, 2023
The acrylic-based adhesives segment holds a major market share owing to its pressure-sensitive applications in packaging, construction, and healthcare end-user industries.
Leading Market Player
4.79 %
market share, Henkel AG & Co. KGaA, 2021
Henkel AG & Co. KGaA is the leading adhesives manufacturer in Spain, which can be attributed to the popularity of its products in widespread industries including packaging, building and construction, automotive, aerospace, and woodworking.
Emerging trend of flexible packaging expected to boost the consumption of adhesives in Spain
- Adhesives play an important role in bonding and joining various substrates that are used across industries. These adhesives help manufacturers lower the weight of their components and assemblies and form joints quickly, easily, and accurately. As a result of the COVID-19 outbreak in 2020, consumption fell by 8.91% compared to 2019.
- Adhesive consumption increased by more than 411,363 ton in 2021 due to the growth of packaging applications among various end-user industries. In 2020, carton board production reached 321.6 thousand ton despite several challenges. Moreover, Spanish food packaging volume is expected to witness considerable growth at a rate of 0.3% through 2022. Factors such as rising demand for packaged meat and seafood, processed fruits and vegetables, and widespread usage of liquid cartons for tomato pastes and purees are expected to foster adhesives consumption in flexible packaging over the coming years. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications. It is seen that nearly 201 thousand tons of water-borne adhesives are consumed in the packaging industry of the country during 2021.
- Several ongoing infrastructure projects have boosted the demand for adhesives in the country. In 2019, Amazon Web Services (AWS) launched a new infrastructure region in Spain, making it its seventh region in Europe. Moreover, residential construction is expected to grow significantly over the later parts of the forecast period. According to Spain’s National Statistics Institute (INE), net household construction is anticipated to increase at an average pace of around 135,000 units annually from 2019 to 2025. This is expected to influence the market for adhesives in Spain.
Spain Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.
- Adhesives play an important role in bonding and joining various substrates that are used across industries. These adhesives help manufacturers lower the weight of their components and assemblies and form joints quickly, easily, and accurately. As a result of the COVID-19 outbreak in 2020, consumption fell by 8.91% compared to 2019.
- Adhesive consumption increased by more than 411,363 ton in 2021 due to the growth of packaging applications among various end-user industries. In 2020, carton board production reached 321.6 thousand ton despite several challenges. Moreover, Spanish food packaging volume is expected to witness considerable growth at a rate of 0.3% through 2022. Factors such as rising demand for packaged meat and seafood, processed fruits and vegetables, and widespread usage of liquid cartons for tomato pastes and purees are expected to foster adhesives consumption in flexible packaging over the coming years. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications. It is seen that nearly 201 thousand tons of water-borne adhesives are consumed in the packaging industry of the country during 2021.
- Several ongoing infrastructure projects have boosted the demand for adhesives in the country. In 2019, Amazon Web Services (AWS) launched a new infrastructure region in Spain, making it its seventh region in Europe. Moreover, residential construction is expected to grow significantly over the later parts of the forecast period. According to Spain’s National Statistics Institute (INE), net household construction is anticipated to increase at an average pace of around 135,000 units annually from 2019 to 2025. This is expected to influence the market for adhesives in Spain.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Hot Melt | |
| Reactive | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne |
| Resin | |
| Acrylic | |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins |
Spain Adhesives Market Size Summary
The Spain adhesives market is poised for significant growth, driven by its critical role in various industrial applications. Adhesives are essential for bonding and joining substrates, enabling manufacturers to create lighter and more efficient components. The market has shown resilience, recovering from the initial downturn caused by the COVID-19 pandemic, which disrupted supply chains and led to a temporary decline in consumption. The packaging industry, particularly in food and beverages, has been a major contributor to the market's recovery, with increasing demand for packaged goods boosting adhesive consumption. Waterborne adhesives, known for their cost-effectiveness and strong bonding capabilities, are particularly prevalent in the packaging sector. Additionally, ongoing infrastructure projects and the growth of the residential construction sector are expected to further drive demand for adhesives in Spain.
The automotive industry also plays a significant role in the adhesives market, with Spain being the second-largest automobile producer in Europe. Despite challenges such as the semiconductor chip shortage, the automotive sector is anticipated to recover, supporting the demand for adhesives. The market is characterized by fragmentation, with key players like 3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, and Sika AG holding a modest share. These companies are actively innovating and expanding their product offerings to meet the evolving needs of the packaging and construction industries. The Spanish government's investments in e-mobility and the Next Generation EU fund are expected to further stimulate the market, particularly in the automotive sector. Overall, the Spain adhesives market is set to experience steady growth, driven by advancements in packaging technology, infrastructure development, and automotive production.
Spain 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 Packaging
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1.1.7 Woodworking and Joinery
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1.1.8 Other End-user Industries
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1.2 Technology
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1.2.1 Hot Melt
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1.2.2 Reactive
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1.2.3 Solvent-borne
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1.2.4 UV Cured Adhesives
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1.2.5 Water-borne
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1.3 Resin
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1.3.1 Acrylic
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1.3.2 Cyanoacrylate
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1.3.3 Epoxy
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1.3.4 Polyurethane
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1.3.5 Silicone
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1.3.6 VAE/EVA
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1.3.7 Other Resins
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Spain Adhesives Market Size FAQs
How big is the Spain Adhesives Market?
The Spain Adhesives Market size is expected to reach USD 2.21 billion in 2024 and grow at a CAGR of 5.64% to reach USD 2.75 billion by 2028.
What is the current Spain Adhesives Market size?
In 2024, the Spain Adhesives Market size is expected to reach USD 2.21 billion.
