Europe, Middle-East and Africa Hot-melt Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market 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 (Europe and Middle-East and Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Europe

Largest Market:

Europe

CAGR:

5.5 %

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Market Overview

The Europe, Middle-East and Africa 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.
  • Europe is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

Scope of the Report

The Europe, Middle East & Africa 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
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Middle-East and Africa
Saudi Arabia
South Africa
United Arab Emirates
Rest of Middle-East and Africa

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Key Market Trends

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.

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Europe to Dominate the Market

  • Europe region dominated the market with growing demand from the countries such as Germany, United Kingdom, France, and Italy. Germany dominated the market in the region.
  • 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 accounted for over 3% of the GDP in 2018. 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 in the region is expected to increase during the forecast period.

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Competitive Landscape

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

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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 Europe

        1. 5.3.1.1 Germany

        2. 5.3.1.2 United Kingdom

        3. 5.3.1.3 France

        4. 5.3.1.4 Italy

        5. 5.3.1.5 Spain

        6. 5.3.1.6 Rest of Europe

      2. 5.3.2 Middle-East and Africa

        1. 5.3.2.1 Saudi Arabia

        2. 5.3.2.2 South Africa

        3. 5.3.2.3 United Arab Emirates

        4. 5.3.2.4 Rest of Middle-East and Africa

  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 Alfa International Corporation

      3. 6.4.3 Arkema Group

      4. 6.4.4 Ashland

      5. 6.4.5 Dow

      6. 6.4.6 H.B. Fuller Company

      7. 6.4.7 Henkel AG & Co. KGaA

      8. 6.4.8 Hexcel Corporation

      9. 6.4.9 Huntsman Corporation LLC

      10. 6.4.10 Jowat

      11. 6.4.11 Mactac

      12. 6.4.12 Mapei Spa

      13. 6.4.13 Master Bond Inc.

      14. 6.4.14 Paramelt BV

      15. 6.4.15 Pidilite Industries Ltd.

      16. 6.4.16 Sika AG

  7. *List Not Exhaustive
  8. 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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