Europe Polyurethane Adhesives Industry Overview
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Study Period: | 2017 - 2028 |
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Largest Share by End User Industry: | Packaging |
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Largest Share by Country: | Germany |
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CAGR: | 6.53 % |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Europe Polyurethane Adhesives Market Analysis
The Europe Polyurethane Adhesives Market is projected to register a CAGR of 6.53%
- Largest Segment by End User Industry - Packaging : Packaging is the dominant end-user industry in the market owing to the adhesives’ widespread usage in laminating applications for flexible food packaging.
- Largest Segment by Technology - Water-borne : Water-borne is the largest technology type in the market owing to its wide range of applications across major end-user industries, including building and construction and packaging.
- Largest Segment by Country - Germany : In Europe, Germany holds the highest market share owing to the strong presence of manufacturers in the country's automotive, packaging, and building and construction industries.
- Fastest-growing Segment by Country - Russia : Due to the rapid urbanization and increasing demand for sustainable packaging solutions, Russia is likely to be the fastest-growing country in the European polyurethane adhesives market.
Europe Polyurethane Adhesives Industry Segments
Aerospace, Automotive, Building And Construction, Footwear And Leather, Healthcare, Packaging, Woodworking And Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne 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 | |
| Packaging | |
| Woodworking And Joinery | |
| Other End-user Industries |
| Technology | |
| Hot Melt | |
| Reactive | |
| Solvent-borne | |
| UV Cured Adhesives | |
| Water-borne |
| Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest Of Europe |
Europe Polyurethane Adhesives Market Trends
This section covers the major market trends shaping the Europe Polyurethane Adhesives Market according to our research experts:
Packaging is the largest segment by End User Industry.
- Polyurethane adhesives are widely used in the packaging industry for food and beverage packaging, container packaging, end-of-line packaging for functional barrier applications, and metal packaging. The United Kingdom is one of the largest packaging markets in the country. The country's designed improvements and innovation, combined with a shifting focus toward the usage of recyclable materials for packaging, are expected to offer numerous opportunities for market growth, thus, creating opportunities for the launch of new products into the market. The UK packaging manufacturing industry records annual sales of GBP 11 billion, which is likely to drive the market for packaging adhesives in the region.
- The demand for polyurethane adhesives in the construction industry grew tremendously in 2021 because of the European Union's Commission's recovery plan post an economic slowdown due to the COVID-19 pandemic in 2020, such as Next Generation EU in which a fund has been allocated for the construction sector to make European buildings environmentally benign and reduce the wastage of resources. The overall growth in demand for polyurethane construction adhesives was the highest in 2021 for the Rest of Europe regional segment because of the Nordic countries, such as Denmark, which witnessed a 17.8% growth in their construction output.
- In Europe, Germany accounts for the largest healthcare industry. The annual expenditure on health in the country is estimated to be more than EUR 375 billion, excluding fitness and wellness. Owing to its demographic changes and digitalization trends, healthcare expenditure is expected to continue rising and drive the polyurethane adhesives market in the region over the forecast period.
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Germany is the largest segment by Country.
- In the period 2017 to 2021, the demand generated from the Europe region ranked 2rd among all regions. The share of adhesive demand from this region has consistently occupied 24-25% of the global demand because of the high manufacturing capacity of end-user industries, like automotive, aerospace, building and construction, and other industries in the region. Polyurethane adhesives with hot melt and water-borne technologies generate most of the demand in the region.
- From 2017 to 2019, the demand for adhesives from this region increased with a CAGR of 1.85%. The slow growth in the demand for polyurethane adhesives has resulted because of slow growth in construction activities and a decrease in Automotive production in the region. The demand from these end-user industries declined with a CAGR of 0.44% and -0.50%, respectively, during this period.
- In 2020, due to constraints in operations, labor, raw material, supply chain, and other areas, the demand from all end users across the region declined. Among all Industries from all countries in the region, the footwear industry in Germany and the automotive industry in France took the worst hit, declining by 37.89% and 35.94%, respectively, in Y-o-Y volume terms.
- In 2021, the demand for polyurethane adhesives started to recover from all countries in the region and is expected to outgrow pre-pandemic demand volume by 2022. The demand from Italy has witnessed the highest Y-o-Y growth of 8.38% in volume terms. This growth trend is expected to continue during the forecast period. The overall demand from the Asia-Pacific region is expected to increase with a CAGR of 3.55% during the forecast period.
To understand geography trends, Download Sample Report
Europe Polyurethane Adhesives Market Competitor Analysis
The Europe Polyurethane Adhesives Market is fragmented, with the top five companies occupying 30.18%. The major players in this market are Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Huntsman International LLC and Sika AG (sorted alphabetically).
Europe Polyurethane Adhesives Market Top Players
Arkema Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Huntsman International LLC
Sika AG
*Disclaimer: Major Players sorted in no particular order
Europe Polyurethane Adhesives Market Recent Developments
- May 2022: Henkel introduced new products, such as Loctite Liofol LA 7818 RE / 6231 RE and Loctite Liofol LA 7102 RE / 6902 RE, to promote recyclability in the packaging industry.
- 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 Polyurethane Adhesives Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
3.1. Study Assumptions & Market Definition
3.2. Scope of the Study
3.3. Research Methodology
4. KEY INDUSTRY TRENDS
4.1. End User Trends
4.2. Regulatory Framework
4.3. Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION
5.1. End User Industry
5.1.1. Aerospace
5.1.2. Automotive
5.1.3. Building And Construction
5.1.4. Footwear And Leather
5.1.5. Healthcare
5.1.6. Packaging
5.1.7. Woodworking And Joinery
5.1.8. Other End-user Industries
5.2. Technology
5.2.1. Hot Melt
5.2.2. Reactive
5.2.3. Solvent-borne
5.2.4. UV Cured Adhesives
5.2.5. Water-borne
5.3. Country
5.3.1. France
5.3.2. Germany
5.3.3. Italy
5.3.4. Russia
5.3.5. Spain
5.3.6. United Kingdom
5.3.7. Rest Of Europe
6. COMPETITIVE LANDSCAPE
6.1. Key Strategic Moves
6.2. Market Share Analysis
6.3. Company Landscape
6.4. Company Profiles
6.4.1. 3M
6.4.2. Arkema Group
6.4.3. Beardow Adams
6.4.4. H.B. Fuller Company
6.4.5. Henkel AG & Co. KGaA
6.4.6. Huntsman International LLC
6.4.7. Jowat SE
6.4.8. MAPEI S.p.A.
6.4.9. Sika AG
6.4.10. Soudal Holding N.V.
7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
8. APPENDIX
8.1. Global Adhesives and Sealants Industry Overview
8.1.1. Overview
8.1.2. Porter’s Five Forces Framework
8.1.3. Global Value Chain Analysis
8.1.4. Drivers, Restraints, and Opportunities
8.2. Sources & References
8.3. List of Tables & Figures
8.4. Primary Insights
8.5. Data Pack
8.6. Glossary of Terms
List of Tables & Figures
Figure 1:
EUROPE AIRCRAFT DELIVERIES, VOLUME IN UNITS, 2017-2028
Figure 2:
EUROPE AUTOMOBILE PRODUCTION, VOLUME IN UNITS, 2017-2028
Figure 3:
EUROPE NEW FLOOR AREA, VOLUME IN SQUARE FEET, 2017-2028
Figure 4:
EUROPE FOOTWEAR PRODUCTION, VOLUME IN PAIRS, 2017-2028
Figure 5:
EUROPE PAPER & PAPER BOARD AND PLASTIC PACKAGING, VOLUME IN TONS, 2017-2028
Figure 6:
EUROPE FURNITURE PRODUCTION, VOLUME IN UNITS, 2017-2028
Figure 7:
EUROPE POLYURETHANE ADHESIVES MARKET, VOLUME, TONS, 2017 - 2028
Figure 8:
EUROPE POLYURETHANE ADHESIVES MARKET, VALUE, USD, 2017 - 2028
Figure 9:
EUROPE POLYURETHANE ADHESIVES MARKET, BY END USER INDUSTRY, VOLUME, TONS, 2017 - 2028
Figure 10:
EUROPE POLYURETHANE ADHESIVES MARKET, BY END USER INDUSTRY, VALUE, USD, 2017 - 2028
Figure 11:
EUROPE POLYURETHANE ADHESIVES MARKET, BY END USER INDUSTRY, VOLUME SHARE (%), 2022 VS 2028
Figure 12:
EUROPE POLYURETHANE ADHESIVES MARKET, BY END USER INDUSTRY, VALUE SHARE (%), 2022 VS 2028
Figure 13:
EUROPE POLYURETHANE ADHESIVES MARKET, AEROSPACE, VOLUME, TONS, 2017 - 2028
Figure 14:
EUROPE POLYURETHANE ADHESIVES MARKET, AEROSPACE, VALUE, USD, 2017 - 2028
Figure 15:
EUROPE POLYURETHANE ADHESIVES MARKET, AEROSPACE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 16:
EUROPE POLYURETHANE ADHESIVES MARKET, AUTOMOTIVE, VOLUME, TONS, 2017 - 2028
Figure 17:
EUROPE POLYURETHANE ADHESIVES MARKET, AUTOMOTIVE, VALUE, USD, 2017 - 2028
Figure 18:
EUROPE POLYURETHANE ADHESIVES MARKET, AUTOMOTIVE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 19:
EUROPE POLYURETHANE ADHESIVES MARKET, BUILDING AND CONSTRUCTION, VOLUME, TONS, 2017 - 2028
Figure 20:
EUROPE POLYURETHANE ADHESIVES MARKET, BUILDING AND CONSTRUCTION, VALUE, USD, 2017 - 2028
Figure 21:
EUROPE POLYURETHANE ADHESIVES MARKET, BUILDING AND CONSTRUCTION, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 22:
EUROPE POLYURETHANE ADHESIVES MARKET, FOOTWEAR AND LEATHER, VOLUME, TONS, 2017 - 2028
Figure 23:
EUROPE POLYURETHANE ADHESIVES MARKET, FOOTWEAR AND LEATHER, VALUE, USD, 2017 - 2028
Figure 24:
EUROPE POLYURETHANE ADHESIVES MARKET, FOOTWEAR AND LEATHER, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 25:
EUROPE POLYURETHANE ADHESIVES MARKET, HEALTHCARE, VOLUME, TONS, 2017 - 2028
Figure 26:
EUROPE POLYURETHANE ADHESIVES MARKET, HEALTHCARE, VALUE, USD, 2017 - 2028
Figure 27:
EUROPE POLYURETHANE ADHESIVES MARKET, HEALTHCARE, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 28:
EUROPE POLYURETHANE ADHESIVES MARKET, PACKAGING, VOLUME, TONS, 2017 - 2028
Figure 29:
EUROPE POLYURETHANE ADHESIVES MARKET, PACKAGING, VALUE, USD, 2017 - 2028
Figure 30:
EUROPE POLYURETHANE ADHESIVES MARKET, PACKAGING, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 31:
EUROPE POLYURETHANE ADHESIVES MARKET, WOODWORKING AND JOINERY, VOLUME, TONS, 2017 - 2028
Figure 32:
EUROPE POLYURETHANE ADHESIVES MARKET, WOODWORKING AND JOINERY, VALUE, USD, 2017 - 2028
Figure 33:
EUROPE POLYURETHANE ADHESIVES MARKET, WOODWORKING AND JOINERY, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 34:
EUROPE POLYURETHANE ADHESIVES MARKET, OTHER END-USER INDUSTRIES, VOLUME, TONS, 2017 - 2028
Figure 35:
EUROPE POLYURETHANE ADHESIVES MARKET, OTHER END-USER INDUSTRIES, VALUE, USD, 2017 - 2028
Figure 36:
EUROPE POLYURETHANE ADHESIVES MARKET, OTHER END-USER INDUSTRIES, BY TECHNOLOGY, VALUE SHARE (%), 2021 VS 2028
Figure 37:
EUROPE POLYURETHANE ADHESIVES MARKET, BY TECHNOLOGY, VOLUME, TONS, 2017 - 2028
Figure 38:
EUROPE POLYURETHANE ADHESIVES MARKET, BY TECHNOLOGY, VALUE, USD, 2017 - 2028
Figure 39:
EUROPE POLYURETHANE ADHESIVES MARKET, BY TECHNOLOGY, VOLUME SHARE (%), 2022 VS 2028
Figure 40:
EUROPE POLYURETHANE ADHESIVES MARKET, BY TECHNOLOGY, VALUE SHARE (%), 2022 VS 2028
Figure 41:
EUROPE POLYURETHANE ADHESIVES MARKET, HOT MELT, VOLUME, TONS, 2017 - 2028
Figure 42:
EUROPE POLYURETHANE ADHESIVES MARKET, HOT MELT, VALUE, USD, 2017 - 2028
Figure 43:
EUROPE POLYURETHANE ADHESIVES MARKET, HOT MELT, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 44:
EUROPE POLYURETHANE ADHESIVES MARKET, REACTIVE, VOLUME, TONS, 2017 - 2028
Figure 45:
EUROPE POLYURETHANE ADHESIVES MARKET, REACTIVE, VALUE, USD, 2017 - 2028
Figure 46:
EUROPE POLYURETHANE ADHESIVES MARKET, REACTIVE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 47:
EUROPE POLYURETHANE ADHESIVES MARKET, SOLVENT-BORNE, VOLUME, TONS, 2017 - 2028
Figure 48:
EUROPE POLYURETHANE ADHESIVES MARKET, SOLVENT-BORNE, VALUE, USD, 2017 - 2028
Figure 49:
EUROPE POLYURETHANE ADHESIVES MARKET, SOLVENT-BORNE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 50:
EUROPE POLYURETHANE ADHESIVES MARKET, UV CURED ADHESIVES, VOLUME, TONS, 2017 - 2028
Figure 51:
EUROPE POLYURETHANE ADHESIVES MARKET, UV CURED ADHESIVES, VALUE, USD, 2017 - 2028
Figure 52:
EUROPE POLYURETHANE ADHESIVES MARKET, UV CURED ADHESIVES, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 53:
EUROPE POLYURETHANE ADHESIVES MARKET, WATER-BORNE, VOLUME, TONS, 2017 - 2028
Figure 54:
EUROPE POLYURETHANE ADHESIVES MARKET, WATER-BORNE, VALUE, USD, 2017 - 2028
Figure 55:
EUROPE POLYURETHANE ADHESIVES MARKET, WATER-BORNE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 56:
EUROPE POLYURETHANE ADHESIVES MARKET, BY COUNTRY, VOLUME, TONS, 2017 - 2028
Figure 57:
EUROPE POLYURETHANE ADHESIVES MARKET, BY COUNTRY, VALUE, USD, 2017 - 2028
Figure 58:
EUROPE POLYURETHANE ADHESIVES MARKET, BY COUNTRY, VOLUME SHARE (%), 2022 VS 2028
Figure 59:
EUROPE POLYURETHANE ADHESIVES MARKET, BY COUNTRY, VALUE SHARE (%), 2022 VS 2028
Figure 60:
EUROPE POLYURETHANE ADHESIVES MARKET, FRANCE, VOLUME, TONS, 2017 - 2028
Figure 61:
EUROPE POLYURETHANE ADHESIVES MARKET, FRANCE, VALUE, USD, 2017 - 2028
Figure 62:
EUROPE POLYURETHANE ADHESIVES MARKET, FRANCE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 63:
EUROPE POLYURETHANE ADHESIVES MARKET, GERMANY, VOLUME, TONS, 2017 - 2028
Figure 64:
EUROPE POLYURETHANE ADHESIVES MARKET, GERMANY, VALUE, USD, 2017 - 2028
Figure 65:
EUROPE POLYURETHANE ADHESIVES MARKET, GERMANY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 66:
EUROPE POLYURETHANE ADHESIVES MARKET, ITALY, VOLUME, TONS, 2017 - 2028
Figure 67:
EUROPE POLYURETHANE ADHESIVES MARKET, ITALY, VALUE, USD, 2017 - 2028
Figure 68:
EUROPE POLYURETHANE ADHESIVES MARKET, ITALY, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 69:
EUROPE POLYURETHANE ADHESIVES MARKET, RUSSIA, VOLUME, TONS, 2017 - 2028
Figure 70:
EUROPE POLYURETHANE ADHESIVES MARKET, RUSSIA, VALUE, USD, 2017 - 2028
Figure 71:
EUROPE POLYURETHANE ADHESIVES MARKET, RUSSIA, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 72:
EUROPE POLYURETHANE ADHESIVES MARKET, SPAIN, VOLUME, TONS, 2017 - 2028
Figure 73:
EUROPE POLYURETHANE ADHESIVES MARKET, SPAIN, VALUE, USD, 2017 - 2028
Figure 74:
EUROPE POLYURETHANE ADHESIVES MARKET, SPAIN, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 75:
EUROPE POLYURETHANE ADHESIVES MARKET, UNITED KINGDOM, VOLUME, TONS, 2017 - 2028
Figure 76:
EUROPE POLYURETHANE ADHESIVES MARKET, UNITED KINGDOM, VALUE, USD, 2017 - 2028
Figure 77:
EUROPE POLYURETHANE ADHESIVES MARKET, UNITED KINGDOM, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 78:
EUROPE POLYURETHANE ADHESIVES MARKET, REST OF EUROPE, VOLUME, TONS, 2017 - 2028
Figure 79:
EUROPE POLYURETHANE ADHESIVES MARKET, REST OF EUROPE, VALUE, USD, 2017 - 2028
Figure 80:
EUROPE POLYURETHANE ADHESIVES MARKET, REST OF EUROPE, BY END USER INDUSTRY, VALUE SHARE (%), 2021 VS 2028
Figure 81:
EUROPE POLYURETHANE ADHESIVES MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2019 - 2021
Figure 82:
EUROPE POLYURETHANE ADHESIVES MARKET, MOST ADOPTED STRATEGIES, 2019 - 2021
Figure 83:
EUROPE POLYURETHANE ADHESIVES MARKET SHARE(%), BY MAJOR PLAYERS REVENUE, 2021
Market Definition
- End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the polyurethane adhesives market.
- Product - All polyurethane adhesive products are considered in the market studied
- Resin - Under the scope of the study, thermoset and thermoplastic based polyurethanes are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
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
