Market Trends of Europe Reactive Adhesives Industry
This section covers the major market trends shaping the Europe Reactive Adhesives Market according to our research experts:
Renewable Energy Industry to Witness the Highest Growth Rate
- The consumption of renewable energy, especially, wind energy has been significantly increasing in Europe over the past few years.
- Wind energy offers many advantages over traditional energy sources which include: unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- The installed wind power capacity in Europe has witnessed a significant growth in the recent years owing to the growing environmental consciousness across in the region.
- Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.
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Germany to Dominate the Market
- Germany accounts for the highest share of the Europe reactive adhesives market owing to the high demand from end-user industries like Transportation, Aerospace, and construction.
- Germany is the hub for automobile production with around 41 assembly and engine production plants. The high production of automobile results in a high demand for reactive adhesives. However, in the recent past the decline in the automotive production is expected to have a negative affect on the market studied in Germany.
- In the recent past, there has been growing demand for reactive adhesives from construction and aerospace industries.
- Hence, owing to the above-mentioned reasons, Germany is likely to dominate the Europe reactive adhesives market during the forecast period.
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