Market Overview
| Study Period | 2017 - 2028 |
|---|---|
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2028 |
| Market Size (2024) | USD 743.16 Million |
| Market Size (2028) | USD 911.23 Million |
| Growth Rate (2024 - 2028) | 5.23% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Europe Cyanoacrylate Adhesives Market Analysis by Mordor Intelligence
The Europe Cyanoacrylate Adhesives Market size is estimated at 743.16 million USD in 2024, and is expected to reach 911.23 million USD by 2028, growing at a CAGR of 5.23% during the forecast period (2024-2028).
Europe maintains a robust manufacturing infrastructure and established export networks in the cyanoacrylate adhesives market, supported by a strong focus on technological innovation and research capabilities. The region's manufacturing base is characterized by over 33,000 companies operating in the medical technology sector alone, employing more than 760,000 people across various industrial clusters. This industrial foundation is further strengthened by significant investments in research and development, exemplified by Germany's commitment of EUR 2.5 billion to aerospace innovation in 2021. The region's manufacturing excellence is particularly evident in its ability to serve diverse industrial applications while maintaining high-quality standards and regulatory compliance.
The industry is witnessing a significant shift toward advanced manufacturing technologies and innovative product formulations. Reactive adhesives dominate the market landscape, accounting for 75% of total cyanoacrylate demand, highlighting the industry's preference for fast-curing and high-performance adhesive solutions. This technological evolution is particularly evident in the healthcare sector, where the industry consumes approximately 37,362 tons of medical adhesives annually for applications ranging from medical device manufacturing to surgical procedures. Manufacturers are increasingly focusing on developing specialized formulations that meet stringent industry requirements while improving application efficiency and performance.
The market is experiencing substantial growth in key end-user industries, particularly in the aerospace and healthcare sectors. In the aerospace segment, major manufacturers are expanding their production capabilities, as exemplified by Airbus's ambitious plans to increase aircraft production from 40 units per month to 70 units per month by early 2024. The healthcare sector continues to be a major growth driver, with Germany's healthcare expenditure reaching USD 792 billion in 2021, representing 12% of the country's GDP and creating sustained demand for medical-grade adhesive solutions, including surgical adhesives.
Environmental sustainability has emerged as a crucial focus area for the industry, with manufacturers actively developing eco-friendly formulations and sustainable production processes. The industry is aligning with Europe's broader environmental objectives, particularly the goal of achieving net-zero emissions by 2050. This has led to increased investment in research and development of bio-based alternatives and environmentally conscious manufacturing processes. Companies are implementing innovative solutions to reduce carbon footprints across the value chain, from raw material sourcing to final product application, while maintaining the high-performance standards required by end-user industries. The focus on sustainability is also influencing the development of precision adhesives that meet both performance and environmental criteria.
Europe Cyanoacrylate Adhesives Market Trends and Insights
Supportive government initiatives to promote electric vehicles will raise the industry size
- Europe has a GDP of 34,230 USD per capita with a growth rate of 1.6% y-o-y in 2022. The automotive industry sector contributes a percentage of around 2% of the total GDP. The European vehicle production comprises 81% passenger vehicles, 17% commercial vehicles, and 2% other vehicles in 2021.
- In 2020, many European countries were affected by the COVID-19 pandemic, including Germany, Italy, Spain, Russia, and the United Kingdom. The pandemic resulted in supply chain disruptions, lockdowns in the countries, and chip shortages which affected automotive production in Europe. The production of vehicles sharply declined by 22% compared to 2019.
- The United States imports 25.3% worth of cars from Europe and became one of the leading importers of the United States, where Germany accounted for 10.3% and the United Kingdom for 4.7% of total imports of vehicles in the country in 2021. At the beginning of 2022, the sale of the new vehicle dropped by 20.5% due to the invasion of Ukraine by Russia, which reflected in vehicle production as well. In the first quarter of 2022, the European automotive market was down by 10.6% compared to the same period last year.
- Vehicle production is likely to grow with a CAGR of 2.25% during the period (2022 to 2027) due to the new investments being made in electric vehicles by many European countries. For instance, Spain is going to invest USD 5.1 billion in electric vehicle production.
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Rising demand for aesthetic and smart furniture to aid the industry growth
- Europe is one of the largest producers of furniture in the world. The region contributes nearly 30% of global furniture production after the Asia-Pacific region. Germany, Italy, Russia, and Spain are the top producers of furniture and its products. However, the region was impacted by the COVID-19 outbreak in 2020, which resulted in the shutdown of production facilities in several countries. This has reduced their furniture production by 7.14% compared to the previous year.
- Germany is the largest producer of Furniture units in Europe. The country produced nearly 323.6 million units in 2021, which is 23% of Europe's furniture production. German retailers have started offering 3D product visualizations or augmented reality apps which are boosting the demand for furniture products through e-commerce portals in the country.
- Italy is another major producer of furniture and its products in Europe, and the country is popular for Italian Furniture. The country holds 15% of Europe's furniture production. The country's furniture exports recorded a constant growth rate, which was about 2.7% in 2018 and 3% in 2019. The technological advancement in the woodworking and joinery industry of Italy is adopted worldwide.
- Europe is a leader in the high-end segment of the furniture market. It is said that nearly two out of every three high-end furniture products sold in the world are produced in the European Union. The furniture manufacturers in Europe are using eco-friendly materials such as pine wood, oak wood, beech wood, and a few others for production, which is gaining demand in the region. These factors will raise furniture production in the coming years in Europe.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Significant concentration of aircraft manufacturers across the region will boost the industry size
- Advanced technology is likely to boost the production rate
- Rapid growth of new construction along with rising need for renovation activities will drive the industry
Segment Analysis: End User Industry
Healthcare Segment in Europe Cyanoacrylate Adhesives Market
The healthcare segment dominates the Europe cyanoacrylate adhesives market, accounting for approximately 33% of the total market value in 2024. This significant market share is attributed to the extensive use of cyanoacrylate adhesives in medical device manufacturing, tissue adhesives, dental adhesives, surgical applications, and various healthcare equipment assembly processes. Europe's robust healthcare infrastructure, with over 33,000 companies operating in the medical technology sector and employing more than 760,000 people, drives the consistent demand for medical-grade adhesives. The segment's dominance is further strengthened by stringent quality standards such as EUDAMED and ISO 10993 biocompatibility standards, which necessitate the use of high-quality adhesives in medical applications.
Aerospace Segment in Europe Cyanoacrylate Adhesives Market
The aerospace segment is emerging as the fastest-growing sector in the Europe cyanoacrylate adhesives market, projected to expand at approximately 7% CAGR during 2024-2029. This robust growth is driven by the increasing adoption of lightweight materials in aircraft manufacturing, growing demand for fuel-efficient aircraft, and a rising focus on sustainable aviation solutions. The segment's growth is further supported by major aerospace manufacturers increasing their production capacities, with companies like Airbus planning to increase production from 40 aircraft per month to 64 per month by 2024. The implementation of stricter environmental regulations and the industry's commitment to reducing carbon emissions by 2050 is also driving the demand for advanced aerospace adhesives solutions in aerospace applications.
Remaining Segments in End User Industry
The European cyanoacrylate adhesives market encompasses several other significant segments, including automotive, woodworking and joinery, building and construction, and footwear and leather industries. The woodworking and joinery sector maintains a strong presence due to Europe's established furniture manufacturing base. The automotive segment continues to be crucial, particularly with the growing emphasis on electric vehicle production. The building and construction sector's demand is driven by renovation projects and energy-efficient building initiatives, while the footwear and leather industry, though smaller, maintains steady demand, particularly in countries like Italy, Spain, and Portugal. Each of these segments contributes uniquely to the market's dynamics, influenced by factors such as technological advancements, sustainability requirements, and changing consumer preferences. The role of industrial bonding and consumer adhesives is pivotal in these diverse applications, ensuring strong and durable connections.
Segment Analysis: Technology
Reactive Segment in Europe Cyanoacrylate Adhesives Market
The reactive technology segment dominates the European cyanoacrylate adhesives market, holding approximately 77% of the market share in 2024. This significant market position is attributed to reactive cyanoacrylate adhesives' versatility and widespread application across various industries, including woodworking and joinery, automotive, healthcare, and building and construction. These adhesives are particularly valued for their ability to cure at room temperature with an optimum relative humidity of 40-60%, making them ideal for diverse industrial applications. The segment's strength is further reinforced by its extensive use in automotive applications, where it is crucial for sunroof sealing, body side moldings, wire harnesses, and hand brake covers, forming strong joints with a tensile strength of 30 N/mm2. The reactive technology's ability to automatically cure upon contact with moisture present in the surroundings has made it the preferred choice for manufacturers seeking efficient and reliable bonding solutions.
UV Cured Segment in Europe Cyanoacrylate Adhesives Market
The UV cured adhesives segment is emerging as the fastest-growing technology in the European cyanoacrylate adhesives market, with an expected growth rate of approximately 6% during 2024-2029. This growth is primarily driven by the segment's unique advantages, including instant curing when exposed to UV light and its 100% reactive nature, resulting in zero volatile losses during the curing process. The technology has gained significant traction in high-precision industries such as aerospace and healthcare, where its non-polluting characteristics and precise application capabilities are highly valued. The segment's growth is particularly strong in Germany's healthcare sector, where UV cure cyanoacrylates account for about 92% of total UV cure applications. The increasing adoption in aerospace applications, where these adhesives serve as excellent solutions for interior trim damage and component retention, further supports the segment's robust growth trajectory.
Europe Cyanoacrylate Adhesives Market Geography Segment Analysis
Cyanoacrylate Adhesives Market in Germany
Germany dominates the European cyanoacrylate adhesives market, commanding approximately 24% of the market share in 2024. The country's leadership position is reinforced by its robust automotive and healthcare sectors, with the latter being particularly significant as the third-largest healthcare industry globally. The nation's commitment to technological innovation in manufacturing processes has been instrumental in maintaining its market dominance. German manufacturers have shown particular strength in electric vehicle production, with projections indicating they will account for a substantial portion of global electric production. This transition towards electric mobility has created increased demand for specialized automotive adhesives solutions in battery assembly and electronic component integration. The country's extensive network of over 33,000 medical technology companies has also been crucial in driving demand for high-quality medical adhesives in medical device manufacturing. Furthermore, Germany's emphasis on research and development, particularly in adhesive technologies, continues to drive innovation in the sector.
Cyanoacrylate Adhesives Market in France
France represents a dynamic growth center in the European cyanoacrylate adhesives market, with projections indicating a robust growth rate of approximately 6% from 2024 to 2029. The country's market expansion is largely driven by its thriving aerospace sector, which generates substantial revenue and exports. The French market has shown particular strength in civil and defense aerospace applications, where cyanoacrylate adhesives play a crucial role in component assembly and maintenance operations. The country's commitment to sustainable manufacturing practices has led to increased adoption of advanced industrial adhesives technologies in various industrial applications. The automotive electronics sector has emerged as a significant growth driver, with manufacturers increasingly utilizing electronics adhesives in electric vehicle production. France's strategic position in the European industrial landscape, coupled with its strong focus on technological innovation, has created a favorable environment for market expansion. The country's robust distribution networks and well-established manufacturing infrastructure continue to support market growth.
Cyanoacrylate Adhesives Market in United Kingdom
The United Kingdom maintains a strong position in the European cyanoacrylate adhesives market, supported by its significant presence in aerospace and automotive manufacturing sectors. As the second-largest aerospace sector globally after the United States, the UK's industry generates substantial demand for high-performance adhesive solutions. The country's expertise in aircraft systems, helicopters, engines, and component manufacturing has created a sophisticated market for specialized adhesive applications. The UK's focus on research and development in adhesive technologies has led to innovative applications across various industries. The nation's strong emphasis on quality standards and regulatory compliance has shaped the market dynamics, particularly in medical device manufacturing and aerospace applications. The country's established network of distribution channels and technical support services has been instrumental in maintaining market stability. Additionally, the UK's commitment to sustainable manufacturing practices has driven the adoption of advanced adhesive solutions across industrial sectors.
Cyanoacrylate Adhesives Market in Other Countries
The cyanoacrylate adhesives market across other European countries, including Italy, Spain, Russia, and various smaller markets, presents a diverse landscape of opportunities and challenges. These markets are characterized by varying levels of industrial development and specific regional demands. Italy's market is particularly strong in furniture manufacturing and automotive applications, while Spain shows significant potential in construction and automotive sectors. Russia's market is driven by its aerospace and defense industries, with growing demand in construction applications. The smaller markets across Europe demonstrate unique characteristics based on their industrial specializations, whether in electronics, medical devices, or general manufacturing. These countries benefit from the overall European regulatory framework while maintaining distinct market characteristics based on their industrial strengths. The continued integration of European manufacturing standards and increasing focus on sustainable technologies are shaping market development across these regions. The presence of both global and local manufacturers creates a competitive environment that drives innovation and market growth.
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Competitive Landscape
Top Companies in Europe Cyanoacrylate Adhesives Market
The leading companies in the European cyanoacrylate adhesives industry are demonstrating a strong commitment to product innovation, particularly focusing on sustainable and hybrid technology-based adhesive solutions. Companies are actively expanding their manufacturing capabilities and distribution networks across the region to strengthen their market presence. Strategic partnerships with raw material suppliers and distributors have become increasingly common to ensure supply chain resilience and market penetration. Operational agility is being enhanced through investments in R&D centers and technology upgrades, with particular emphasis on developing products for emerging applications in electric vehicles and medical devices. The competitive landscape is characterized by continuous product portfolio expansion, with companies introducing specialized formulations for specific industry applications while simultaneously working on improving the environmental profile of their offerings.
Consolidated Market Led By Global Players
The European cyanoacrylate adhesives market exhibits a highly consolidated structure dominated by global chemical and adhesive manufacturing conglomerates with diverse product portfolios. These major players leverage their extensive manufacturing capabilities, established distribution networks, and strong brand recognition to maintain their market positions. The market is characterized by the presence of both diversified chemical companies that offer cyanoacrylate adhesives as part of their broader product range and specialized adhesive manufacturers focusing on niche applications. The competitive dynamics are shaped by companies' ability to serve multiple end-user industries while maintaining strong relationships with key customers in sectors such as healthcare, automotive, and electronics.
The market has witnessed significant merger and acquisition activities as companies seek to expand their geographic presence and technological capabilities. Large players are actively acquiring smaller, specialized companies to gain access to new technologies, customer bases, and regional markets. Local players, while fewer in number, maintain their relevance through specialized product offerings and strong regional distribution networks. The market entry barriers are substantial due to the need for significant technological expertise, regulatory compliance capabilities, and established customer relationships.
Innovation and Sustainability Drive Future Success
For incumbent companies to maintain and expand their cyanoacrylate adhesives market share, focusing on sustainable product development and technological innovation will be crucial. Success factors include developing eco-friendly formulations, improving product performance characteristics, and expanding application-specific solutions. Companies need to strengthen their distribution networks while investing in digital capabilities to enhance customer service and technical support. Building strong partnerships with end-users in high-growth sectors like electric vehicles and medical devices will be essential for maintaining a competitive advantage. Additionally, companies must focus on operational efficiency and supply chain optimization to manage costs while maintaining product quality and service levels.
Market contenders can gain ground by focusing on specialized market segments and developing innovative solutions for specific applications. Success will depend on building strong technical capabilities, establishing reliable distribution networks, and maintaining close relationships with key customers. Companies must also prepare for potential regulatory changes regarding environmental standards and safety requirements, particularly in healthcare and automotive applications. The ability to offer comprehensive technical support and customize solutions for specific customer needs will be crucial for market success. Furthermore, companies need to invest in research and development to address emerging application needs while maintaining competitive pricing strategies.
Europe Cyanoacrylate Adhesives Industry Leaders
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3M
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Arkema Group
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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Soudal Holding N.V.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
- January 2022: H.B. Fuller announced the acquisition of UK-based Apollo Chemicals to expand its foothold in the European market.
Europe Cyanoacrylate Adhesives Market Report Scope
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Woodworking and Joinery are covered as segments by End User Industry. Reactive, UV Cured Adhesives are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
End User Industry
| Aerospace |
| Automotive |
| Building and Construction |
| Footwear and Leather |
| Healthcare |
| Woodworking and Joinery |
| Other End-user Industries |
Technology
| Reactive |
| UV Cured Adhesives |
Country
| France |
| Germany |
| Italy |
| Russia |
| Spain |
| United Kingdom |
| Rest of Europe |
| End User Industry | Aerospace |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries | |
| Technology | Reactive |
| UV Cured Adhesives | |
| Country | France |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the cyanoacrylate adhesives market.
- Product - All cyanoacrylate adhesive products are considered in the market studied
- Resin - Under the scope of the study, cyanoacrylates based on Alkoxy Ethyl, Ethyl Ester, Methyl Ester, and Others are considered
- Technology - For the purpose of this study, Reactive and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government’s Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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