Europe Contact Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Resin (Neoprene, Styrene Butadiene Copolymer, Acrylic Copolymer, and Other Resins), Technology (Water-borne, Solvent-borne, and Other Technologies), End-user Industry (Automotive and Aerospace, Building and Construction, Consumer Durables, Leather and Footwear, Packaging, Woodworking, and Other End-user Industries), and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

3 %

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Market Overview

Europe contact adhesives market is expected to grow at a CAGR of around 3% during the forecast period. The demand for contact adhesives is widely driven by the recovery in construction activities and increased application in automotive industry for producing lightweight vehicles. However, stringent VOC emission regulations may affect the growth of the studied market.

  • The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from construction and footwear industries.
  • The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
  • Germany stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the growing demand from end-user industries, such as packaging, construction, woodworking and footwear.

Scope of the report

Europe contact adhesives market report include:

Resin
Neoprene
Styrene Butadiene Copolymer
Acrylic Copolymer
Other Resins
Technology
Water-borne
Solvent-borne
Other Technologies
End-user Industry
Building and Construction
Automotive and Aerospace
Consumer Durables
Packaging
Woodworking
Leather and Footwear
Other End-user Industries
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Building and Construction Industry to Drive the Market Demand

  • Contact adhesives’ properties such as good cohesion, adhesion and elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions, makes it extensively useful for application in construction industry.
  • They are mainly used in wooden flooring and artificial turf, owing to their property of strain crystallization.
  • In Europe, countries such as Germany, United Kingdom, Italy, Spain and Russia have been witnessing growth in construction sector, and while this trend is likely to persist over the next two years, the consumption of contact adhesives from construction industry is likely to increase further.
  • Germany has the largest construction industry in Europe. The country has been witnessing notable growth in residential construction, which is expected to create demand for contact adhesives in the domestic market.
  • Hence, all such trends in the construction sector are likely to drive the consumption of contact adhesives in the region during the forecast period.

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Germany to Dominate the Market

  • Germany dominate the consumption of contact adhesives in the region, owing to the presence of one of the largest production base of industries, such as aerospace automotive, packaging, and woodworking in the region.
  • Construction sector growth in the country is supported by lower interest rates, increase in real disposable incomes, and numerous investments by the EU and German governments.
  • Besides, the country has numerous construction projects, such as construction of a new multipurpose sports arena in Munich, on the former site of Olympic cycling track stadium in Munich Olympic Park, along with three additional canopied ice rinks which are planned to be built next to the sports arena for training and recreational use, which can support local sports infrastructure for amateur clubs, schools, and young talents.
  • The retail sector in the country is expected to record notable growth due to continuously increasing online grocery orders in the country. Moreover, Germany has introduced a new Packaging Act, which is driving the industry toward eco-friendly packaging practices.
  • Hence, all such market trends are projected to drive the consumption of contact adhesives in the country over the forecast period.

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Competitive Landscape

Europe contact adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA, amongst others. 

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Recovery in Construction Industry

      2. 4.1.2 Increased Application in Automotive and Aerospace Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Resin

      1. 5.1.1 Neoprene

      2. 5.1.2 Styrene Butadiene Copolymer

      3. 5.1.3 Acrylic Copolymer

      4. 5.1.4 Other Resins

    2. 5.2 Technology

      1. 5.2.1 Water-borne

      2. 5.2.2 Solvent-borne

      3. 5.2.3 Other Technologies

    3. 5.3 End-user Industry

      1. 5.3.1 Building and Construction

      2. 5.3.2 Automotive and Aerospace

      3. 5.3.3 Consumer Durables

      4. 5.3.4 Packaging

      5. 5.3.5 Woodworking

      6. 5.3.6 Leather and Footwear

      7. 5.3.7 Other End-user Industries

    4. 5.4 Geography

      1. 5.4.1 Germany

      2. 5.4.2 United Kingdom

      3. 5.4.3 France

      4. 5.4.4 Italy

      5. 5.4.5 Spain

      6. 5.4.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema Group

      3. 6.4.3 Ashland

      4. 6.4.4 Avery Dennison Corporation

      5. 6.4.5 Beardow Adams

      6. 6.4.6 Collano Adhesives AG

      7. 6.4.7 DELO Industrie Klebstoffe GmbH & Co. KGaA

      8. 6.4.8 Dow

      9. 6.4.9 Dymax Corporation

      10. 6.4.10 Franklin International

      11. 6.4.11 H.B. Fuller

      12. 6.4.12 Henkel AG & Co. KGaA

      13. 6.4.13 Huntsman International LLC

      14. 6.4.14 Intact Adhesives (KMS Adhesives Ltd)

      15. 6.4.15 ITW Performance Polymers (Illinois Tool Works Inc.)

      16. 6.4.16 Jowat AG

      17. 6.4.17 Mapei Inc.

      18. 6.4.18 Sika AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus Toward Water-borne Adhesives

** Subject to Availability

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