Europe Polyurethane Adhesives Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 4.01 Billion |
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Market Size (2028) | USD 5.09 Billion |
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Largest Share by End User Industry | Packaging |
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CAGR (2024 - 2028) | 6.15 % |
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Largest Share by Country | Germany |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Europe Polyurethane Adhesives Market Analysis
The Europe Polyurethane Adhesives Market size is estimated at 4.01 billion USD in 2024, and is expected to reach 5.09 billion USD by 2028, growing at a CAGR of 6.15% during the forecast period (2024-2028).
4.01 Billion
Market Size in 2024 (USD)
5.09 Billion
Market Size in 2028 (USD)
5.39 %
CAGR (2017-2023)
6.15 %
CAGR (2024-2028)
Largest Market by End-user Industry
37.04 %
value share, Packaging, 2023
Packaging is the dominant end-user industry in the market owing to the adhesives widespread usage in laminating applications for flexible food packaging.
Largest Market by Technology
36.65 %
value share, Water-borne, 2023
Water-borne is the largest technology type in the market owing to its wide range of applications across major end-user industries, including building and construction and packaging.
Largest Market by Country
16.80 %
value share, Germany, 2023
In Europe, Germany holds the highest market share owing to the strong presence of manufacturers in the country's automotive, packaging, and building and construction industries.
Fastest Growing Market by Country
6.53 %
Projected CAGR, Russia, 2024-2028
Due to the rapid urbanization and increasing demand for sustainable packaging solutions, Russia is likely to be the fastest-growing country in the European polyurethane adhesives market.
Leading Market Player
9.72 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in Europe due to the popularity of its products, mostly in the automotive and building and construction industries.
Emerging construction and packaging end-use sector expected to boost the consumption of polyurethane adhesives in Europe
- Polyurethane adhesives are widely used in the packaging industry for food and beverage packaging, container packaging, end-of-line packaging for functional barrier applications, and metal packaging. The United Kingdom is one of the largest packaging markets in the country. The country's designed improvements and innovation, combined with a shifting focus toward the usage of recyclable materials for packaging, are expected to offer numerous opportunities for market growth, thus, creating opportunities for the launch of new products into the market. The UK packaging manufacturing industry records annual sales of GBP 11 billion, which is likely to drive the market for packaging adhesives in the region.
- The demand for polyurethane adhesives in the construction industry grew tremendously in 2021 because of the European Union's Commission's recovery plan post an economic slowdown due to the COVID-19 pandemic in 2020, such as Next Generation EU in which a fund has been allocated for the construction sector to make European buildings environmentally benign and reduce the wastage of resources. The overall growth in demand for polyurethane construction adhesives was the highest in 2021 for the Rest of Europe regional segment because of the Nordic countries, such as Denmark, which witnessed a 17.8% growth in their construction output.
- In Europe, Germany accounts for the largest healthcare industry. The annual expenditure on health in the country is estimated to be more than EUR 375 billion, excluding fitness and wellness. Owing to its demographic changes and digitalization trends, healthcare expenditure is expected to continue rising and drive the polyurethane adhesives market in the region over the forecast period.
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Rising construction, packaging and automotive industries in Europe likely to propel the demand for polyurethane adhesives in the future
- In the period 2017 to 2021, the demand generated from the Europe region ranked 2rd among all regions. The share of adhesive demand from this region has consistently occupied 24-25% of the global demand because of the high manufacturing capacity of end-user industries, like automotive, aerospace, building and construction, and other industries in the region. Polyurethane adhesives with hot melt and water-borne technologies generate most of the demand in the region.
- From 2017 to 2019, the demand for adhesives from this region increased with a CAGR of 1.85%. The slow growth in the demand for polyurethane adhesives has resulted in slow growth in construction activities and a decrease in Automotive production in the region. The demand from these end-user industries declined with a CAGR of 0.44% and -0.50%, respectively, during this period.
- In 2020, due to constraints in operations, labor, raw material, supply chain, and other areas, the demand from all end users across the region declined. Among all Industries from all countries in the region, the footwear industry in Germany and the automotive industry in France took the worst hit, declining by 37.89% and 35.94%, respectively, in Y-o-Y volume terms.
- In 2021, the demand for polyurethane adhesives started to recover from all countries in the region and is expected to outgrow pre-pandemic demand volume by 2022. The demand from Italy has witnessed the highest Y-o-Y growth of 8.38% in volume terms. This growth trend is expected to continue during the forecast period. The overall demand from the Europe region is expected to increase with a CAGR of 3.83% during the forecast period.
Europe Polyurethane 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
- Rising demand for aesthetic and smart furniture to aid the industry growth
Europe Polyurethane Adhesives Industry Overview
The Europe Polyurethane Adhesives Market is fragmented, with the top five companies occupying 25.72%. The major players in this market are Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC and Sika AG (sorted alphabetically).
Europe Polyurethane Adhesives Market Leaders
Arkema Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
Sika AG
Other important companies include 3M, Beardow Adams, Jowat SE, MAPEI S.p.A., Soudal Holding N.V..
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Polyurethane Adhesives Market News
- May 2022: Henkel introduced new products, such as Loctite Liofol LA 7818 RE / 6231 RE and Loctite Liofol LA 7102 RE / 6902 RE, to promote recyclability in the packaging industry.
- 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.
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 Polyurethane 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
2.1.6. Woodworking and Joinery
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. Woodworking and Joinery
3.1.8. Other End-user Industries
3.2. Technology
3.2.1. Hot Melt
3.2.2. Reactive
3.2.3. Solvent-borne
3.2.4. UV Cured Adhesives
3.2.5. 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. Beardow Adams
4.4.4. H.B. Fuller Company
4.4.5. Henkel AG & Co. KGaA
4.4.6. Huntsman International LLC
4.4.7. Jowat SE
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:
- PRODUCTION VOLUME OF FURNITURE, UNITS, EUROPE, 2017-2028
- Figure 7:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 8:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 9:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 10:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 11:
- VOLUME SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 12:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 13:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 14:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 15:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 16:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 17:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 18:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 19:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 20:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 21:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 22:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 23:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 24:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 25:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 26:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 27:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 28:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 29:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 30:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 31:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 32:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 33:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 34:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 35:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 36:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 37:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 38:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED BY TECHNOLOGY, USD, EUROPE, 2017 - 2028
- Figure 39:
- VOLUME SHARE OF POLYURETHANE ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 40:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 41:
- VOLUME OF HOT MELT POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 42:
- VALUE OF HOT MELT POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 43:
- VALUE SHARE OF HOT MELT POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 44:
- VOLUME OF REACTIVE POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 45:
- VALUE OF REACTIVE POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 46:
- VALUE SHARE OF REACTIVE POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 47:
- VOLUME OF SOLVENT-BORNE POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 48:
- VALUE OF SOLVENT-BORNE POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 49:
- VALUE SHARE OF SOLVENT-BORNE POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 50:
- VOLUME OF UV CURED ADHESIVES POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 51:
- VALUE OF UV CURED ADHESIVES POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 52:
- VALUE SHARE OF UV CURED ADHESIVES POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 53:
- VOLUME OF WATER-BORNE POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 54:
- VALUE OF WATER-BORNE POLYURETHANE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 55:
- VALUE SHARE OF WATER-BORNE POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 56:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 57:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 58:
- VOLUME SHARE OF POLYURETHANE ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 59:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 60:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 61:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 62:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 63:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 64:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 65:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 66:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 67:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 68:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 69:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 70:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 71:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 72:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 73:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 74:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 75:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 76:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 77:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 78:
- VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 79:
- VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 80:
- VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 81:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 82:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 83:
- REVENUE SHARE OF POLYURETHANE ADHESIVES BY MAJOR PLAYERS, %, EUROPE, 2021
Europe Polyurethane 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, 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.
- Polyurethane adhesives are widely used in the packaging industry for food and beverage packaging, container packaging, end-of-line packaging for functional barrier applications, and metal packaging. The United Kingdom is one of the largest packaging markets in the country. The country's designed improvements and innovation, combined with a shifting focus toward the usage of recyclable materials for packaging, are expected to offer numerous opportunities for market growth, thus, creating opportunities for the launch of new products into the market. The UK packaging manufacturing industry records annual sales of GBP 11 billion, which is likely to drive the market for packaging adhesives in the region.
- The demand for polyurethane adhesives in the construction industry grew tremendously in 2021 because of the European Union's Commission's recovery plan post an economic slowdown due to the COVID-19 pandemic in 2020, such as Next Generation EU in which a fund has been allocated for the construction sector to make European buildings environmentally benign and reduce the wastage of resources. The overall growth in demand for polyurethane construction adhesives was the highest in 2021 for the Rest of Europe regional segment because of the Nordic countries, such as Denmark, which witnessed a 17.8% growth in their construction output.
- In Europe, Germany accounts for the largest healthcare industry. The annual expenditure on health in the country is estimated to be more than EUR 375 billion, excluding fitness and wellness. Owing to its demographic changes and digitalization trends, healthcare expenditure is expected to continue rising and drive the polyurethane adhesives market in the region over the forecast period.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Hot Melt | |
| 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 polyurethane adhesives market.
- Product - All polyurethane adhesive products are considered in the market studied
- Resin - Under the scope of the study, thermoset and thermoplastic based polyurethanes 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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