December 2017

Europe Adhesives and Sealants Market - Segmented by Product Type, End-User Industry and Geography - Trends and Forecasts (2018 - 2023)

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The market was estimated at USD 12,758.22 million in 2016 and is projected to reach USD 16,783.53 million by 2021, at a CAGR of 5.64% during the forecast period, 2016 to 2021. The Europe sealants market was estimated at USD 3,225.62 million in 2016 and is projected to reach USD 4,201.79 million by 2021, growing at a CAGR of 5.43%, during the forecast period, 2016-2021.

Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.

Market Dynamics

Many factors, such as the accelerating demand from the automotive industry, increasing demand from the packaging industry, and shifting focus towards composites, drive this market. However, the market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions, and economic slowdown in Europe. These factors may act as a roadblock to the growth of the market.

Market Segmentation

Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joints, are becoming an integral part of various commercial and industrial sectors. In the Europe adhesives and sealants market report, we have considered the following major end-user sectors:

  • Building & Construction
  • Paper, Board, & Packaging
  • Transportation
  • Woodworking & Joinery
  • Footwear & Leather
  • Healthcare
  • Electrical & Electronics
  • Others

The Europe adhesives and sealants market share, by end-user industries, in 2016, is shown below:

The Europe adhesives market, by technology, can be broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. These are further segmented as per the sub-segmentations of the technology. The Europe sealants market, by product type, can be broadly segmented into silicone sealants, polyurethane sealants, plastisol sealants, emulsion sealants, and others. In addition, market is segmented geographically into Germany, the United Kingdom, France, Italy, Spain, the Nordic Countries and Rest of Europe.

Opportunities and Major Players

The recovering construction industry in this region and accelerating demand for electric vehicles will offer numerous opportunities for the growth of the Europe adhesives and sealants market.

Some of the major companies dominating this market for its products, services, and continuous product development are:

  • 3M
  • Dow Chemicals
  • Henkel AG & Co. KGaA
  • Avery Dennison
  • Royal Adhesives & Sealants LLC
  • Ashland Inc.  

Key Deliverables in the Study

  • Market analysis for the Europe adhesives and sealants market, with region-specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
  • Extensively researched competitive landscape section with profiles of major companies along with their market share.
  • Identification and analysis of the macro and micro factors that affect the Europe adhesives and sealants market on a regional scale.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
  • Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.
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