Market Size of Europe Waterborne Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 5.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Waterborne Adhesives Market Analysis
The Europe waterborne adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market growth the growing demand for waterborne adhesives as eco-friendly adhesives for solvent based adhesives. However, poor setting speeds of waterborne adhesives is hindering the growth of the market studied.
- Increasing use of recycled plastics is expected to provide a major growth opportunity for the market studied.
- Germany accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the Resin Types, Polyvinyl Acetate (PVA) Emulsion is expected to dominate the market studied during the forecast period.
Europe Waterborne Adhesives Industry Segmentation
The Europe Waterborne Adhesives market report includes:
Resin Type | |
Acrylics | |
Polyvinyl Acetate (PVA) Emulsion | |
Ethylene Vinyl Acetate (EVA) Emulsion | |
Polyurethane Dispersions and CR (Chloroprene Rubber) Latex | |
Other Resin Types |
End-user Industry | |
Building & Construction | |
Paper, Board, and Packaging | |
Woodworking & Joinery | |
Transportation | |
Healthcare | |
Electrical & Electronics | |
Other End-user Industries |
Geography | |
Geramany | |
United Kingdom | |
France | |
Italy | |
Rest of Europe |
Europe Waterborne Adhesives Market Size Summary
The Europe waterborne adhesives market is poised for significant growth, driven by the increasing demand for eco-friendly alternatives to solvent-based adhesives. This shift is largely due to the environmental benefits of waterborne adhesives, which are becoming more popular across various industries. However, the market faces challenges, such as the slower setting speeds of these adhesives, which can hinder their adoption. Despite these challenges, the market is expected to benefit from the rising use of recycled plastics, presenting substantial growth opportunities. Germany leads the market, with a strong presence in research and development, and is expected to maintain its dominant position. The United Kingdom and Italy are also anticipated to experience notable growth in the coming years.
Among the different resin types, Polyvinyl Acetate (PVA) Emulsion is projected to be the most dominant in the market. PVA waterborne adhesives are extensively used in the wood industry for their ability to create complex joints, offer heat resistance, and enhance the lifespan of wood by improving its UV resistance. These adhesives are also utilized in bonding materials such as paper, cardboard, and base, and for moisture-activated bonding. The market in Europe is moderately consolidated, with key players like 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG holding significant shares. As the second-fastest growing market globally, Europe is witnessing increased activity from new industries and firms focused on the development of waterborne adhesives, further fueling market expansion.
Europe Waterborne Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Environmental Friendly Substitute to Solvent-based Adhesives
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Poor Setting Speed of the Waterborne Adhesives
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1.2.2 Other Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin Type
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2.1.1 Acrylics
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2.1.2 Polyvinyl Acetate (PVA) Emulsion
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2.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
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2.1.4 Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
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2.1.5 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building & Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking & Joinery
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2.2.4 Transportation
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2.2.5 Healthcare
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2.2.6 Electrical & Electronics
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Geramany
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2.3.2 United Kingdom
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2.3.3 France
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2.3.4 Italy
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2.3.5 Rest of Europe
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Europe Waterborne Adhesives Market Size FAQs
What is the current Europe Waterborne Adhesives Market size?
The Europe Waterborne Adhesives Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Europe Waterborne Adhesives Market?
3M, Arkema Group , Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Europe Waterborne Adhesives Market.