Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| Growth Rate | 6.50% CAGR |
| Market Concentration | High |
Major Players_Hot-melt_Adhesive_Market_-_Keyplayers.webp)
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Europe Polyurethane (PU) Hot-Melt Adhesives Market Analysis by Mordor Intelligence
The Europe Polyurethane (PU) Hot-Melt Adhesives Market is expected to register a CAGR of greater than 6.5% 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 Europe Polyurethane (PU) Hot-melt Adhesives Market and is also expected to witness the fastest CAGR during the forecast period.
Europe Polyurethane (PU) Hot-Melt Adhesives Market Trends and Insights
Increasing Demand from Packaging Industry
- Polyurethane hot melts are increasingly used in the production of automotive interior panels. In addition, PU hot-melt adhesives can be used during the manufacturing of car seats, for fixing cables in the roof liner, to bond door sill protectors, and other plastic parts. They can also be used to bond emblems, as well as anchor plates onto gear knobs.
- A wide variety of different assembly bonds are required. Retainer bonding, the bonding of the steel frames of the sunroofs, window tracks etc. Different materials, such as, plastics, metals, lacquers, textiles, and wood- based materials can be bonded securely. The quick cooling of the applied adhesive allows short set times, and the subsequent chemical crosslinking with the aid of moisture, guarantees high temperature, and climate resistance. Even at low temperatures, these hot melts prove to be flexible and tend not to brittle. The adhesive bead cuts off cleanly without stringing, therefore avoiding contamination of the decor area, when the hot melt is applied robotically.
- These adhesive systems are also more frequently used for lamination applications. The adhesive can be applied economically with new application technology. When using holt-melt adhesives, the 100% solids are being applied, as compared to the use of dispersion adhesives (which ensures maximum efficiency of adhesive consumption). Complex and cost-intensive drying processes of the adhesive film can be avoided.
- Hot-melt PUR are used in road atlases on the back shelf of a car, as they can withstand extreme temperatures.
- The aforementioned factors have been boosting the Europe Polyurethane (PU) hot-melt adhesives market in the recent times.
Germany to Dominate the Market
- Germany leads Europe's automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe.
- Germany has the largest construction industry in Europe. The construction sector in Germany accounts for over 3% of the GDP. According to industry experts, the demand for new houses is expected to record around 350,000 units per year till 2020, which is expected to boost the construction industry.
- The non-residential and commercial buildings construction in the country is expected to witness significant growth prospects in the forecast period.
- In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 350 billion, excluding fitness and wellness. With the demographic changes and digitalization, the country has been investing in mobile healthcare facilities, which have provided a platform for the further expansion of the German healthcare sector.
- Owing to all the above-mentioned factors, the market for Europe Polyurethane (PU) hot-melt adhesives market is expected to increase during the forecast period.
Competitive Landscape
The Europe polyurethane (PU) hot-melt adhesives market is partially consolidated in nature. Key players in the market include 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG, among others.
Europe Polyurethane (PU) Hot-Melt Adhesives Industry Leaders
-
3M
-
Arkema Group
-
H.B. Fuller Company
-
Henkel AG & Co. KGaA
-
Sika AG
- *Disclaimer: Major Players sorted in no particular order
_Hot-melt_Adhesive_Market_-_Market_Concentration.webp)
Need More Details on Market Players and Competitors?
Download PDF
Europe Polyurethane (PU) Hot-Melt Adhesives Market Report Scope
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 |
| 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 |
Need A Different Region or Segment?
Customize Now
Key Questions Answered in the Report
What is the current Europe Polyurethane (PU) Hot-melt Adhesives Market size?
The Europe Polyurethane (PU) Hot-melt Adhesives Market is projected to register a CAGR of greater than 6.5% during the forecast period (2025-2030)
Who are the key players in Europe Polyurethane (PU) Hot-melt Adhesives Market?
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.
What years does this Europe Polyurethane (PU) Hot-melt Adhesives Market cover?
The report covers the Europe Polyurethane (PU) Hot-melt Adhesives Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Polyurethane (PU) Hot-melt Adhesives Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Page last updated on:
