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Europe Adhesives Market Size (2024 - 2029)

The Europe Adhesives Market is experiencing a resurgence, driven by increasing demand from the construction, packaging, and healthcare sectors following the COVID pandemic. Despite challenges posed by environmental concerns and VOC emissions regulations, the market's expansion is supported by the dominant use of water-borne adhesive technologies and the development of bio-based alternatives. Germany leads the region in market size, fueled by its automotive, construction, electronics, and packaging industries. The shift towards adhesive bonding for composite materials presents further opportunities for growth in the market.

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Market Size of Europe Adhesives Industry

Europe Adhesives Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR > 6.70 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Adhesives Market Analysis

Europe's Adhesives Market was valued at USD 17,170 million at the end of this year, and the market is projected to register a CAGR of 6.7% during the forecast period. The COVID pandemic negatively affected the market for adhesives in Europe. However, post-COVID. the rising demand from the construction, packaging, and healthcare industries is expected to revive the region's adhesives market.

  • The increasing application in the packaging industry and growing demand from the construction industry extensively drive the demand for adhesives. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to adhesives.
  • In the studied market, water-borne dominates the adhesive technology segment.
  • The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives market.
  • Germany stands to be the largest market for adhesives in the region, where the consumption is driven by end-user industries, such as automotive, construction, electronics and packaging.

Europe Adhesives Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The composition of the resins and additives entirely depends on the end-user industry in which they are used. The adhesives market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and Other resins. By technology, the market is segmented into the hot melt, reactive, solvent-borne, UV cured, water-borne, and solvent-borne, and by end-user industry, the market is segmented into aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and other end-user industries. The report also covers the market size and forecasts for the market in six countries across Europe. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).

Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
Technology
Hot Melt
Reactive
Solvent-borne
UV Cured
Water-borne
End-user Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Geography
France
Germany
Italy
Russia
Spain
United Kingdom
Rest Of Europe
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Europe Adhesives Market Size Summary

The European adhesives market is poised for growth, driven by increasing demand from the construction, packaging, and healthcare sectors. The market, which experienced a downturn due to the COVID-19 pandemic, is expected to recover as these industries expand. The packaging segment, in particular, stands out as the largest consumer of adhesives, fueled by strong demand from sectors such as food and beverages, cosmetics, and consumer goods. The construction industry also significantly contributes to the market, with diverse applications requiring adhesives. However, the market faces challenges from environmental concerns and regulations regarding VOC emissions. Despite these challenges, innovations in bio-based adhesives and a shift towards adhesive bonding for composite materials present new opportunities for market expansion.

Germany leads the European adhesives market, supported by its robust automotive, construction, electronics, and packaging industries. The United Kingdom and France also contribute significantly to the market, with the UK seeing increased demand due to its growing construction activities and expanding healthcare and automotive sectors. The UK's government investments in housing and infrastructure are expected to further boost adhesive consumption. Additionally, the rise in electric vehicle production and the healthcare industry's demand for medical devices enhance the market's prospects. The market is partially consolidated, with key players like Arkema Group, Henkel AG & Co. KGaA, and H.B. Fuller Company actively engaging in strategic agreements and acquisitions to strengthen their positions in the region.

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Europe Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from the Construction Industry in Germany

      2. 1.1.2 Growing Usage in the Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Rising Environmental Concerns

      2. 1.2.2 Other Restrains

    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

      1. 2.1.1 Acrylic

      2. 2.1.2 Cyanoacrylate

      3. 2.1.3 Epoxy

      4. 2.1.4 Polyurethane

      5. 2.1.5 Silicone

      6. 2.1.6 VAE/EVA

      7. 2.1.7 Other Resins

    2. 2.2 Technology

      1. 2.2.1 Hot Melt

      2. 2.2.2 Reactive

      3. 2.2.3 Solvent-borne

      4. 2.2.4 UV Cured

      5. 2.2.5 Water-borne

    3. 2.3 End-user Industry

      1. 2.3.1 Aerospace

      2. 2.3.2 Automotive

      3. 2.3.3 Building and Construction

      4. 2.3.4 Footwear and Leather

      5. 2.3.5 Healthcare

      6. 2.3.6 Packaging

      7. 2.3.7 Woodworking and Joinery

      8. 2.3.8 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 France

      2. 2.4.2 Germany

      3. 2.4.3 Italy

      4. 2.4.4 Russia

      5. 2.4.5 Spain

      6. 2.4.6 United Kingdom

      7. 2.4.7 Rest Of Europe

Europe Adhesives Market Size FAQs

The Europe Adhesives Market is projected to register a CAGR of greater than 6.70% during the forecast period (2024-2029)

Arkema Group, Henkel AG & Co. KGaA, H.B. Fuller Company, Huntsman International LLC and Sika AG are the major companies operating in the Europe Adhesives Market.

Europe Adhesives Report Snapshots

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