Market Size of europe eva adhesives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 4.36 Billion |
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Market Size (2028) | USD 5.71 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.94 % |
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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 no particular order |
Europe EVA Adhesives Market Analysis
The Europe EVA Adhesives Market size is estimated at 4.36 billion USD in 2024, and is expected to reach 5.71 billion USD by 2028, growing at a CAGR of 6.94% during the forecast period (2024-2028).
4.36 Billion
Market Size in 2024 (USD)
5.71 Billion
Market Size in 2028 (USD)
6.36 %
CAGR (2017-2023)
6.94 %
CAGR (2024-2028)
Largest Market by End-user Industry
82.29 %
value share, Packaging, 2023
Packaging is the dominant end-user industry owing to its wide applications of EVA adhesives, including cardboard sealing and joining, paper packaging, and laminating films.
Largest Market by Technology
49.35 %
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 industry.
Largest Market by Country
13.55 %
value share, Germany, 2023
In the European EVA adhesives market, Germany holds the largest share owing to the strong presence of manufacturers in the country's paper and paperboard and plastic packaging sectors.
Fastest Growing Market by Country
7.58 %
Projected CAGR, Russia, 2024-2028
Due to rapid urbanization and increasing demand for packaging solutions, Russia is likely to be the fastest-growing country in the market during the forecast period.
Leading Market Player
6.20 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the leading EVA adhesives manufacturer in the region owing to the popularity of its products in the packaging industry, specifically for flexible packaging.
Packaging is the fastest-growing end-user and to remain as pole position in market
- EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
- The demand for EVA adhesives grew significantly from 2017 to 2019. The Spanish building and construction industry witnessed the highest growth (CAGR of 11.07% for 2017-2019) in demand among all end-user industries from all countries in the region. Increased demand from the residential sector fueled this growth in Spain.
- In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the automotive industry suffered the most, declining by 19.16% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors also led to this decline. As the COVID-19 pandemic-induced restrictions eased, the global EVA adhesives demand rose back to pre-pandemic levels in 2021.
- This growth trend is expected to continue during the forecast period 2022-2028. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 3.61% during the forecast period. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the highest share of the demand. It is expected to remain the largest end-user during the forecast period 2022-2028.
Understand The Key Trends Shaping This Market
The rising new floor area in Europe by 4.10% y-o-y in 2022 to boost the demand for EVA adhesives in the coming years
- EVA resin-based adhesives are made of polymers such as vinyl acetate and their derivatives. These polymers show good thermal resistance, which is why they are mainly used as hot melt technology-based adhesives. These adhesives are used in more than six regional industries, including construction, automotive, and electronics. These adhesives are consumed mainly in the building and construction industry as their non-volatile nature makes them safe for use in the construction industry. The market is witnessing growth due to growth in the construction industry, with the new floor area of Europe constructions set to reach 7.6 billion square footage in 2022 from 7.3 billion in 2021.
- The Rest of Europe regional segment occupies a major share of the European EVA resin-based adhesives market. The Rest of Europe consists of countries such as Sweden, Norway, Poland, and the Netherlands, where EVA resin-based adhesives are primarily consumed for construction applications. Residential construction in Poland increased by 30% in 2021 compared to 2020, which is also expected to boost the demand for EVA resin-based adhesives.
- Germany is the prime consumer of EVA resin-based adhesives owing to the rising construction, healthcare, and automotive industries. EVA resin-based adhesives are popular due to their strong structural properties, which can be used in many applications, such as roof repairing and automotive assemblies. About 205 thousand projects were completed in 2020, and vehicle production was expected to increase by 2.94% in 2022 from 3.3 million units in 2021. Thus, the European EVA adhesives market is expected to register growth rates of 6.90% and 5.60% by volume during 2022 and 2023, respectively.
Europe EVA Adhesives Industry Segmentation Europe EVA 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, Solvent-borne, Water-borne are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
- EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion.
- The demand for EVA adhesives grew significantly from 2017 to 2019. The Spanish building and construction industry witnessed the highest growth (CAGR of 11.07% for 2017-2019) in demand among all end-user industries from all countries in the region. Increased demand from the residential sector fueled this growth in Spain.
- In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the automotive industry suffered the most, declining by 19.16% Y-o-Y. Reduced travel activity, shortage of raw materials, and various other factors also led to this decline. As the COVID-19 pandemic-induced restrictions eased, the global EVA adhesives demand rose back to pre-pandemic levels in 2021.
- This growth trend is expected to continue during the forecast period 2022-2028. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 3.61% during the forecast period. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the highest share of the demand. It is expected to remain the largest end-user during the forecast period 2022-2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Hot Melt | |
| Solvent-borne | |
| Water-borne |
| Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
Need A Different Region Or Segment?
Europe EVA Adhesives Market Size Summary
The European EVA adhesives market is poised for significant growth, driven by its extensive applications across various industries such as packaging, automotive, woodworking, and construction. These adhesives, known for their ability to bond diverse substrates like paper, wood, plastics, and metals, are particularly favored in the packaging sector due to their fast-curing properties. The market experienced a downturn during the COVID-19 pandemic, with demand plummeting across all sectors, especially in automotive, due to supply chain disruptions and reduced travel. However, as restrictions eased, demand rebounded to pre-pandemic levels, and this upward trajectory is expected to continue, supported by the robust growth in the construction and packaging industries.
The market landscape is characterized by a fragmented structure, with key players such as Arkema Group, Beardow Adams, Dow, Henkel AG & Co. KGaA, and Jowat SE holding a modest share. The construction industry, particularly in countries like Germany and Poland, plays a pivotal role in driving demand for EVA adhesives, with their non-volatile nature making them suitable for construction applications. The packaging industry, a major consumer of these adhesives, is bolstered by the region's status as a leading producer of packaging products, with Germany and Russia at the forefront. The automotive sector, while impacted by the pandemic, is expected to recover with new investments in electric vehicle production. Strategic acquisitions and partnerships, such as H.B. Fuller's acquisitions and agreements, further indicate a dynamic market environment, aiming to enhance product offerings and expand market presence.
Europe EVA 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 Solvent-borne
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1.2.3 Water-borne
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1.3 Country
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1.3.1 France
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1.3.2 Germany
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1.3.3 Italy
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1.3.4 Russia
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1.3.5 Spain
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1.3.6 United Kingdom
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1.3.7 Rest of Europe
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Europe EVA Adhesives Market Size FAQs
How big is the Europe EVA Adhesives Market?
The Europe EVA Adhesives Market size is expected to reach USD 4.36 billion in 2024 and grow at a CAGR of 6.94% to reach USD 5.71 billion by 2028.
What is the current Europe EVA Adhesives Market size?
In 2024, the Europe EVA Adhesives Market size is expected to reach USD 4.36 billion.
