Market Size of Europe Hot-melt Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 5.50 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Hot-melt Adhesives Market Analysis
The Europe hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 5.5%, over the forecast period. Increasing demand from the packaging industry and rising environmental concerns regarding solvent-borne adhesives are expected to drive the market during the forecast period.
- Volatility in the availability and price of raw material forcing internal substitution is likely to hinder the market's growth.
- Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
- Germany is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.