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Europe Polyurethane (PU) Hot-melt Adhesives Market Size (2024 - 2029)

The Europe polyurethane hot-melt adhesives market is poised for substantial expansion, driven by rising demand in the packaging sector and a shift towards using these adhesives as alternatives to solvent-borne options. The increasing adoption of bio-based hot-melt adhesives is anticipated to further enhance the market's growth prospects. Germany is projected to lead the market, experiencing the most rapid growth rate in the region.

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Market Size of Europe Polyurethane (PU) Hot-melt Adhesives Industry

Market Summary - Europe Polyurethane (PU) Hot-melt Adhesives Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.50 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Polyurethane Hot-Melt Adhesives Market Analysis

The Europe polyurethane hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, over the forecast period. Increasing demand from the packaging industry in the region and increasing usage of PUR holt-melt adhesives as a substitute for solvent-borne adhesives are expected to drive the market during the forecast period.

  • 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 Polyurethane Hot-Melt Adhesives Industry Segmentation

The Europe polyurethane (PU) hot-melt adhesives market report includes:

Type
Non-reactive
Reactive
Application
Paper, Board, and Packaging
Healthcare
Automotive
Furniture (Woodworking)
Footwear
Textiles
Electrical and Electronics
Bookbinding
Other Applications
Geography
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe
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Europe Polyurethane (PU) Hot-melt Adhesives Market Size Summary

The Europe polyurethane hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and the shift towards PUR hot-melt adhesives as alternatives to solvent-borne adhesives. The adoption of bio-based hot-melt adhesives is anticipated to further propel market expansion. Germany is expected to lead the market, benefiting from its robust automotive and construction sectors, which are significant consumers of these adhesives. The versatility of polyurethane hot melts in automotive applications, such as bonding various materials and components, along with their quick cooling and high resistance properties, contributes to their growing popularity. Additionally, these adhesives are increasingly used in lamination applications, offering economic advantages and efficiency over traditional dispersion adhesives.

The market landscape in Europe is partially consolidated, with key players like 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG playing significant roles. Germany's strong automotive industry, largest construction sector, and expansive healthcare market provide a conducive environment for the growth of polyurethane hot-melt adhesives. The country's focus on mobile healthcare facilities and the anticipated growth in non-residential and commercial building construction further support the demand for these adhesives. As a result, the market for polyurethane hot-melt adhesives in Europe is expected to experience a positive trajectory over the forecast period.

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Europe Polyurethane (PU) Hot-melt Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging and Electronics Industries

      2. 1.1.2 Increasing Usage of PUR holt-melt adhesives as a Substitute for Solvent-borne Adhesives

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic on Global Economy

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Non-reactive

      2. 2.1.2 Reactive

    2. 2.2 Application

      1. 2.2.1 Paper, Board, and Packaging

      2. 2.2.2 Healthcare

      3. 2.2.3 Automotive

      4. 2.2.4 Furniture (Woodworking)

      5. 2.2.5 Footwear

      6. 2.2.6 Textiles

      7. 2.2.7 Electrical and Electronics

      8. 2.2.8 Bookbinding

      9. 2.2.9 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Russia

      7. 2.3.7 Rest of Europe

Europe Polyurethane (PU) Hot-melt Adhesives Market Size FAQs

The Europe Polyurethane (PU) Hot-melt Adhesives Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Europe Polyurethane (PU) Hot-melt Adhesives Market.

Europe Polyurethane (PU) Hot-melt Adhesives Report Snapshots

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