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

The Report Covers Europe Hot-melt Adhesives Market Analysis and Manufacturers and is segmented by Resin Type (Ethylene Vinyl Acetate, Styrenic-butadiene Copolymers, Thermoplastic Polyurethane, and Other Resin Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare, Electronics, and Other End-user Industries), and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe)

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Europe Hot-melt Adhesives Market Size

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Europe Hot Melt Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 5.50 %
Market Concentration Low

Major Players

Europe Hot Melt Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Europe Hot-melt Adhesives Market Analysis

The Europe 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.
  • Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Europe Hot-melt Adhesives Market Trends

This section covers the major market trends shaping the Europe Hot Melt Adhesives Market according to our research experts:

Rising Demand from Paper, Board and Packaging Industry

  • An extremely high proportion of all industrial products are sold in packaging - either due to stability requirements for storage and transport or for aesthetic reasons.
  • Hot-melt adhesives are mainstream adhesives in the paper, board, and packaging industry. It is most widely used for carton closing, sealing, and pallet stabilization.
  • Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores.
  • Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials laminated together.
  • The most crucial market for hot-melt adhesives has been packaging. The production of tapes and labels has been experiencing immense growth. The improvement in living standards and higher incomes, especially in developing countries, have increased the demand for a broad range of products, all of which require packaging. Moreover, the growing market for e-commerce and online purchasing is providing huge support and opportunities to the hot-melt adhesives market.
  • Most of the demand for packaging is from the food and beverage industry. On the other hand, healthcare products are the largest users of folding cartons. These end-user segments are likely to boost the demand for PU hot-melt adhesives in the coming years.
  • The aforementioned factors have been boosting the demand for hot-melt adhesives, in the recent times.
Hot-melt Adhesives Market, Revenue Share (%), by End-user Industry, Europe, 2019

Germany to Dominate the Market

  • Germany leads Europe's automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe.
  • Germany has the largest construction industry in Europe. The construction sector in Germany accounts for over 3% of the GDP. According to industry experts, the demand for new houses is expected to record around 350,000 units per year till 2020, which is expected to boost the construction industry.
  • The non-residential and commercial buildings construction in the country is expected to witness significant growth prospects in the forecast period.
  • In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 350 billion, excluding fitness and wellness. With the demographic changes and digitalization, the country has been investing in mobile healthcare facilities, which have provided a platform for the further expansion of the German healthcare sector.
  • Owing to all the above-mentioned factors, the market for hot-melt adhesives is expected to increase during the forecast period.
Hot-melt Adhesives Market, Revenue Share (%), by Country, Europe, 2019

Europe Hot-melt Adhesives Industry Overview

The Europe hot-melt adhesives market is fragmented in nature. Key players in the market include 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG, among others.

Europe Hot-melt Adhesives Market Leaders

  1. 3M

  2. Arkema Group

  3. Henkel AG & Co. KGaA

  4. Sika AG

*Disclaimer: Major Players sorted in no particular order

Europe Hot Melt Adhesives Market Concentration
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Europe Hot-melt Adhesives Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Packaging Industry

      2. 4.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives

    2. 4.2 Restraints

      1. 4.2.1 Volatility in the Availability and Price of Raw Material Forcing Internal Substitution

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin Type

      1. 5.1.1 Ethylene Vinyl Acetate

      2. 5.1.2 Styrenic-butadiene Copolymers

      3. 5.1.3 Thermoplastic Polyurethane

      4. 5.1.4 Other Resin Types

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Paper, Board, and Packaging

      3. 5.2.3 Woodworking and Joinery

      4. 5.2.4 Transportation

      5. 5.2.5 Footwear and Leather

      6. 5.2.6 Healthcare

      7. 5.2.7 Electronics

      8. 5.2.8 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Italy

      5. 5.3.5 Spain

      6. 5.3.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AdCo UK Limited

      3. 6.4.3 Alfa International Corporation

      4. 6.4.4 Arkema Group

      5. 6.4.5 Ashland

      6. 6.4.6 Buhnen GmbH & Co. KG

      7. 6.4.7 Dow

      8. 6.4.8 H.B. Fuller Company

      9. 6.4.9 Henkel AG & Co. KGaA

      10. 6.4.10 Hexcel Corporation

      11. 6.4.11 Huntsman Corporation LLC

      12. 6.4.12 Jowat

      13. 6.4.13 KLEBCHEMIE M. G. Becker GmbH & Co. KG

      14. 6.4.14 Mapei Spa

      15. 6.4.15 Master Bond Inc.

      16. 6.4.16 Paramelt BV

      17. 6.4.17 Pidilite Industries Ltd.

      18. 6.4.18 Sika AG

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Adoption of Bio-Based Hot-melt Adhesives

    2. 7.2 Innovative Product Development to Gain Competitive Edge

**Subject to Availability
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Europe Hot-melt Adhesives Industry Segmentation

The Europe 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
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Hot-melt Adhesives Market Research FAQs

The Europe Hot-melt Adhesives Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)

3M, Arkema Group, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Europe Hot-melt Adhesives Market.

The report covers the Europe Hot-melt Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Hot-melt Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Europe Hot-melt Adhesives Industry Report

Statistics for the 2024 Europe Hot-melt Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Hot-melt Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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