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Europe Polyurethane Adhesives Market Size

The Europe Polyurethane Adhesives Market is projected to experience significant growth over the forecast period, driven by its extensive application in the packaging and construction industries. The market's expansion is supported by innovations and a shift towards recyclable materials in packaging, particularly in the United Kingdom, which is a major packaging market. Additionally, the recovery plans post-COVID-19, such as the European Union's initiatives, have spurred demand in the construction sector. Germany's leading healthcare industry and demographic changes further contribute to the market's growth. Despite previous slowdowns, the market is expected to recover and surpass pre-pandemic levels, with consistent demand from key industries like automotive, aerospace, and construction.

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Market Size of europe polyurethane adhesives Industry

Europe Polyurethane Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 4.01 Billion
svg icon Market Size (2028) USD 5.09 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 6.15 %
svg icon Largest Share by Country Germany
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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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

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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

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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

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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

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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

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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.
Europe Polyurethane Adhesives Market

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 Industry Segmentation 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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Europe Polyurethane Adhesives Market Size Summary

The Europe Polyurethane Adhesives Market is poised for significant growth, driven by its extensive application in various industries such as packaging, construction, and healthcare. The packaging sector, particularly in the United Kingdom, is a major contributor to this market, with innovations and a shift towards recyclable materials creating new opportunities. The construction industry also plays a crucial role, especially following the European Union's recovery plans post-COVID-19, which have spurred demand for environmentally friendly building solutions. Germany's robust healthcare sector further bolsters the market, with increasing expenditure and digitalization trends expected to sustain growth. The region's strong manufacturing capacity in industries like automotive and aerospace also supports the demand for polyurethane adhesives, with hot melt and water-borne technologies being particularly popular.

Despite challenges such as the pandemic's impact on production and supply chains, the market has shown resilience, with a recovery in demand observed in 2021. The packaging industry, a significant segment in Europe, continues to expand, driven by the food and beverages sector and the rising demand for convenient packaging solutions. The construction sector, supported by EU investments and policies aimed at energy efficiency, is expected to see continued growth. The market is fragmented, with key players like Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC, and Sika AG leading the way. Recent strategic moves, such as acquisitions and product launches focused on sustainability, indicate a dynamic market landscape poised for further development.

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Europe Polyurethane Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Solvent-borne

      4. 1.2.4 UV Cured Adhesives

      5. 1.2.5 Water-borne

    3. 1.3 Country

      1. 1.3.1 France

      2. 1.3.2 Germany

      3. 1.3.3 Italy

      4. 1.3.4 Russia

      5. 1.3.5 Spain

      6. 1.3.6 United Kingdom

      7. 1.3.7 Rest of Europe

Europe Polyurethane Adhesives Market Size FAQs

The Europe Polyurethane Adhesives Market size is expected to reach USD 4.01 billion in 2024 and grow at a CAGR of 6.15% to reach USD 5.09 billion by 2028.

In 2024, the Europe Polyurethane Adhesives Market size is expected to reach USD 4.01 billion.

Europe Polyurethane Adhesives Market Report Snapshots

Europe Polyurethane Adhesives Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2028