The European adhesives and sealants market was valued at USD 8.11 billion in 2015 and is projected to reach USD XX billion by 2020, at a CAGR of 5.21% during the forecast period.
Adhesives and sealants are often considered together, as they both are applied to the surfaces of materials to adhere and seal them together. They are usually in liquid form, are 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 of two types, namely, structural (whose strength is vital for the success of the assembly) and non-structural (has low strength and is used to bond weak substrates and/or temporary fastening). However, sealants are majorly selected for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another material. They have less strength compared to adhesives but are more flexible in nature. Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors.
Market Dynamics of the Europe Adhesives & Sealants Market
Europe Adhesives & Sealants Market Segmentation
The European adhesives and sealants market report can be broadly segmented by major end-user sectors (building and construction, paper, board, and packaging, transportation, woodworking and joinery, footwear and leather, assembly operations, medical, and others), by adhesive technology (water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others) and by sealant product type (silicone sealants, polyurethane sealants, plastisol sealants, emulsion sealants, and others). In terms of end-user industry, the paper, board, and packaging segment accounted for about XX.XX% share of the European adhesives and sealants market in 2015. The market has also been geographically segmented into Germany, the United Kingdom, France, Italy, Spain, and the Rest of Europe. In terms of market revenue in 2015, Germany led the market with a share of XX.XX%. With the growing environmental concerns and implementation of stringent emissions norms by the European Commission is making consumers shift towards eco-friendly transportation system, thereby, increasing the demand for electric vehicles in the European region, and in turn making the region an area of immense potential and opportunities. However, the volatility in the raw material prices in the region has considerably hindered the growth of this market.
Furthermore, the recovering construction industry in the European region and the rising demand for fuel efficient and lightweight vehicles will offer numerous opportunities for the growth of the European adhesives and sealants market. Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study