Market Size of Europe Adhesives Industry
| Study Period | 2024 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 6.70 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Adhesives Market Analysis
Europe's Adhesives Market was valued at USD 17,170 million at the end of this year, and the market is projected to register a CAGR of 6.7% during the forecast period. The COVID pandemic negatively affected the market for adhesives in Europe. However, post-COVID. the rising demand from the construction, packaging, and healthcare industries is expected to revive the region's adhesives market.
- The increasing application in the packaging industry and growing demand from the construction industry extensively drive the demand for adhesives. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to adhesives.
- In the studied market, water-borne dominates the adhesive technology segment.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives market.
- Germany stands to be the largest market for adhesives in the region, where the consumption is driven by end-user industries, such as automotive, construction, electronics and packaging.
