Europe Acrylic Adhesives Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 5.54 Billion |
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Market Size (2028) | USD 7.16 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.60 % |
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Largest Share by Country | Germany |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Europe Acrylic Adhesives Market Analysis
The Europe Acrylic Adhesives Market size is estimated at 5.54 billion USD in 2024, and is expected to reach 7.16 billion USD by 2028, growing at a CAGR of 6.60% during the forecast period (2024-2028).
5.54 Billion
Market Size in 2024 (USD)
7.16 Billion
Market Size in 2028 (USD)
6.19 %
CAGR (2017-2023)
6.60 %
CAGR (2024-2028)
Largest Market by End-user Industry
68.01 %
value share, Packaging, 2023
Packaging is the dominant end-user industry in the market owing to acrylic adhesives widespread usage in pressure-sensitive applications such as labels and tapes.
Largest Market by Technology
86.05 %
value share, Water-borne, 2023
Water-borne is the largest technology type in the market owing to its wide range of applications in the packaging and building and construction industries.
Largest Market by Country
12.49 %
value share, Germany, 2023
In Europe, Germany holds the largest market share owing to the strong presence of manufacturers in the country's packaging and building and construction industries.
Fastest Growing Market by Country
6.72 %
Projected CAGR, Russia, 2024-2028
Due to the increasing demand for packaging solutions, Russia is likely to be the fastest-growing country in the market over the forecast period.
Leading Market Player
8.46 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading acrylic adhesives manufacturer in the region due to the popularity of its products in the packaging industry.
Advancement in material technology to augment the growth of acrylic adhesives
- Acrylic adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, cracks sealing, and bonding. The overall revenue of the construction sector in Europe grew tremendously, registering the highest Y-o-Y growth in 2021 compared to 2020 because of the initiatives and measures taken by the EU Commission, such as the infusion of EUR 750 billion for all sectors under the COVID-19 pandemic recovery plan, named Next Generation EU. Under this plan, the construction sector received the highest investment because of the European objective of green and digital transition in buildings, which led to growth in the annual renovation rate of existing buildings and structures. The European construction adhesives segment accounted for about 26% of the global market in 2021.
- Acrylic adhesives are also widely used across the automotive industry because of their applicability to surfaces such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The recently proposed regulation (Fit for 55) sets objectives of a 55% reduction in CO2 emissions from vehicles and a 50% reduction in CO2 emissions from vans by 2030. (EU, 2021). It also suggests that by 2035, all emissions from vehicles and vans be eliminated. These factors are expected to increase demand for automotive adhesives in the forecast period.
- Acrylic adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments across Europe is expected to lead to a rise in their demand in the forecast period 2022-2028.
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Europe's Acrylic adhesive demand aided by the growth of industries in major economies
- From 2017 to 2021, the demand generated from Europe ranked second globally. The share of the demand for acrylic adhesives from this region has consistently accounted for 30-31% of the global demand because of the high manufacturing capacity of the automotive, aerospace, building and construction, and other end-user industries in the region. Acrylic adhesives with reactive, water-borne, and solvent-borne technologies generate most of the demand in the region.
- From 2017 to 2019, the demand for adhesives from this region recorded a CAGR of 2.14%. The slow growth in the demand for acrylic adhesives was due to a decline in automotive production, especially the diesel vehicles segment in the region. The demand from these end-user industries declined with a CAGR of 0.08% in volume terms during this period.
- In 2020, the demand from all end-user industries across the region declined due to constraints in operations, labor, raw material, supply chain, and other areas. Among all industries from all the countries in the region, the automotive industry in Germany and France took the worst hit, declining by 22.96% and 35.60%, respectively, in y-o-y volume terms.
- In 2021, the demand for acrylic adhesives started to recover from all countries in the region and was expected to outgrow pre-pandemic demand volume by 2022. The demand from Italy witnessed the highest y-o-y growth of 8.85% in volume terms. This growth trend is expected to continue from 2022 to 2028. The demand for acrylic adhesives from Europe is expected to record a CAGR of 3.80% during the forecast period 2022-2028.
Europe Acrylic Adhesives Market Trends
Significant growth of food & beverage industry in Europe to escalate packaging industry
- Packaging is one of the major sectors of Europe region. The region is the second-largest producer of packaging products in the world, which holds about 24% of global packaging production after the Asia-Pacific region. Germany, Russia, Spain, and the United Kingdom are major producers of packaging products in Europe. It is seen that packaging production reduced by 7.14% in 2020 compared to 2019 due to the impact of the COVID-19 pandemic. During the year, a nationwide lockdown imposed by several countries halted the production facilities for three to four months in the region.
- Russia is a leading producer of packaging products producing 213.8 million tons in 2021, which is the highest in Europe. The Russian packaging industry has majorly been driven by the rapid growth of the food and beverages industry in recent years. Russia is a major exporter of food products worldwide, which further influences packaging sales to meet the need for sophisticated packaging across various-end use industries.
- Germany is the major producer of plastic packaging in Europe. Plastic packaging which nearly accounts for around 79% of the packaging produced in 2021. The plastic packaging industry is majorly driven by the rapid growth of the food and beverages industry in the country. With the rise in busier lifestyles, greater spending power, and related factors in the region, the demand for quick and on-the-go packaged products is increasing. This trend will rise in packaging products in the coming years in Europe.
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Rapid growth of new construction along with rising need for renovation activities will drive the industry
- The overall revenue of construction showed a steep decrement in 2020 because of the impact of the pandemic situation due to COVID-19, which led to an overall recovery slowdown and social distancing measures on work sites.
- The overall revenue of the construction sector in Europe grew tremendously, with the highest year-on-year growth in 2021 compared to that of 2020 because of the initiatives and measures taken by the EU Commission, such as the infusion of EUR 750 billion for all sectors under the COVID recovery plan named Next Generation EU. Under the Next Generation EU plan, the construction sector received the maximum investment because of the European objective of green and digital transition in buildings which led to growth in the annual renovation rate of existing buildings and structures.
- As per the EUROCONSTRUCT report, among the segments of the European Union based on political geography, Central and Eastern Europe are expected to register a CAGR of 6.4%, followed by Western Europe at a CAGR of 6.1% in 2022-2024.
- The policymakers at European Union and national level are prioritizing the construction of new buildings and conversion of existing buildings to be energy efficient through various policies including Energy Performance of Buildings Directive and others. These policies will lead to an increase in overall revenue for construction in the forecast period.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Significant concentration of aircraft manufacturers across the region will boost the industry size
- Advanced technology is likely to boost the production rate
- Supportive government initiatives to promote electric vehicles will raise the industry size
Europe Acrylic Adhesives Industry Overview
The Europe Acrylic Adhesives Market is fragmented, with the top five companies occupying 17.87%. The major players in this market are 3M, Arkema Group, AVERY DENNISON CORPORATION, H.B. Fuller Company and Henkel AG & Co. KGaA (sorted alphabetically).
Europe Acrylic Adhesives Market Leaders
3M
Arkema Group
AVERY DENNISON CORPORATION
H.B. Fuller Company
Henkel AG & Co. KGaA
Other important companies include Dow, Huntsman International LLC, MAPEI S.p.A., Sika AG, Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Acrylic Adhesives Market News
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
- January 2022: H.B. Fuller announced the acquisition of UK-based Apollo Chemicals to expand its foothold in the European market.
- October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Europe Acrylic Adhesives Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Footwear and Leather
2.1.5. Packaging
2.2. Regulatory Framework
2.2.1. EU
2.2.2. Russia
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Footwear and Leather
3.1.5. Healthcare
3.1.6. Packaging
3.1.7. Other End-user Industries
3.2. Technology
3.2.1. Reactive
3.2.2. Solvent-borne
3.2.3. UV Cured Adhesives
3.2.4. Water-borne
3.3. Country
3.3.1. France
3.3.2. Germany
3.3.3. Italy
3.3.4. Russia
3.3.5. Spain
3.3.6. United Kingdom
3.3.7. Rest of Europe
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Arkema Group
4.4.3. AVERY DENNISON CORPORATION
4.4.4. Dow
4.4.5. H.B. Fuller Company
4.4.6. Henkel AG & Co. KGaA
4.4.7. Huntsman International LLC
4.4.8. MAPEI S.p.A.
4.4.9. Sika AG
4.4.10. Soudal Holding N.V.
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, EUROPE, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, EUROPE, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, EUROPE, 2017-2028
- Figure 6:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 7:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 8:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 9:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 10:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 11:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 12:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 13:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 14:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 15:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 16:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 17:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 18:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 19:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 20:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 21:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 22:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 23:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 24:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 25:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 26:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 27:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 28:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 29:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 30:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 31:
- VALUE OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 32:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 33:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 34:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, USD, EUROPE, 2017 - 2028
- Figure 35:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 36:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 37:
- VOLUME OF REACTIVE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 38:
- VALUE OF REACTIVE ACRYLIC ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 39:
- VALUE SHARE OF REACTIVE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 40:
- VOLUME OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 41:
- VALUE OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 42:
- VALUE SHARE OF SOLVENT-BORNE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 43:
- VOLUME OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 44:
- VALUE OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 45:
- VALUE SHARE OF UV CURED ADHESIVES ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 46:
- VOLUME OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 47:
- VALUE OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 48:
- VALUE SHARE OF WATER-BORNE ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 49:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 50:
- VALUE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 51:
- VOLUME SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 52:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 53:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 54:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 55:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 56:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 57:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 58:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 59:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 60:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 61:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 62:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 63:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 64:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 65:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 66:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 67:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 68:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 69:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 70:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 71:
- VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 72:
- VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 73:
- VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 74:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 75:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 76:
- REVENUE SHARE OF ACRYLIC ADHESIVES BY MAJOR PLAYERS, %, EUROPE, 2021
Europe Acrylic Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging are covered as segments by End User Industry. Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
- Acrylic adhesives are widely used in the construction industry because of their applications, such as waterproofing, weather-sealing, cracks sealing, and bonding. The overall revenue of the construction sector in Europe grew tremendously, registering the highest Y-o-Y growth in 2021 compared to 2020 because of the initiatives and measures taken by the EU Commission, such as the infusion of EUR 750 billion for all sectors under the COVID-19 pandemic recovery plan, named Next Generation EU. Under this plan, the construction sector received the highest investment because of the European objective of green and digital transition in buildings, which led to growth in the annual renovation rate of existing buildings and structures. The European construction adhesives segment accounted for about 26% of the global market in 2021.
- Acrylic adhesives are also widely used across the automotive industry because of their applicability to surfaces such as glass, metal, plastic, and painted surfaces, and their features are helpful in the automotive industry, such as extreme weather resistance, durability, and long-lasting. These are used in engines and car gaskets. The recently proposed regulation (Fit for 55) sets objectives of a 55% reduction in CO2 emissions from vehicles and a 50% reduction in CO2 emissions from vans by 2030. (EU, 2021). It also suggests that by 2035, all emissions from vehicles and vans be eliminated. These factors are expected to increase demand for automotive adhesives in the forecast period.
- Acrylic adhesives are used in the healthcare industry for applications such as assembling medical device parts. The increase in healthcare investments across Europe is expected to lead to a rise in their demand in the forecast period 2022-2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne |
| Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the acrylic adhesives market.
- Product - All acrylic adhesive products are considered in the market studied
- Resin - Under the scope of the study, different kinds of acrylate monomers, like 2-Ethylhexyl acrylate and butyl acrylate are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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