Europe Polyurethane (PU) Hot-melt Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The market is segmented by Type (Non-reactive, Reactive), Application ( Paper, Board, and Packaging, Healthcare, Automotive, Furniture, Footwear, Textile, Electrical and Electronics, Bookbinding, Other Applications), and Geography (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe)

Market Snapshot

Market Summary - Europe Polyurethane (PU) Hot-melt Adhesives Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >6.5 %

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Market Overview

The Europe polyurethane hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, over the forecast period. Increasing demand from the packaging industry in the region and increasing usage of PUR holt-melt adhesives as a substitute for solvent-borne adhesives are expected to drive the market during the forecast period.

  • 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.

Scope of the Report

The Europe polyurethane (PU) hot-melt adhesives market report includes:

Type
Non-reactive
Reactive
Application
Paper, Board, and Packaging
Healthcare
Automotive
Furniture (Woodworking)
Footwear
Textiles
Electrical and Electronics
Bookbinding
Other Applications
Geography
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe

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Key Market Trends

Increasing Demand from Packaging Industry

  • Polyurethane hot melts are increasingly used in the production of automotive interior panels. In addition, PU hot-melt adhesives can be used during the manufacturing of car seats, for fixing cables in the roof liner, to bond door sill protectors, and other plastic parts. They can also be used to bond emblems, as well as anchor plates onto gear knobs.
  • A wide variety of different assembly bonds are required. Retainer bonding, the bonding of the steel frames of the sunroofs, window tracks etc. Different materials, such as, plastics, metals, lacquers, textiles, and wood- based materials can be bonded securely. The quick cooling of the applied adhesive allows short set times, and the subsequent chemical crosslinking with the aid of moisture, guarantees high temperature, and climate resistance. Even at low temperatures, these hot melts prove to be flexible and tend not to brittle. The adhesive bead cuts off cleanly without stringing, therefore avoiding contamination of the decor area, when the hot melt is applied robotically.
  • These adhesive systems are also more frequently used for lamination applications. The adhesive can be applied economically with new application technology. When using holt-melt adhesives, the 100% solids are being applied, as compared to the use of dispersion adhesives (which ensures maximum efficiency of adhesive consumption). Complex and cost-intensive drying processes of the adhesive film can be avoided.
  • Hot-melt PUR are used in road atlases on the back shelf of a car, as they can withstand extreme temperatures.
  • The aforementioned factors have been boosting the demand for polyurethane hot-melt adhesives, in the recent times.
Europe Polyurethane (PU) Hot-melt Adhesives Market - Segmentation

Germany to Dominate the Market

  • Germany leads Europe’s automotive market with 41 assembly and engine production plants that contribute to one third of the total automobile production in Europe.
  • Germany has the largest construction industry in Europe. The construction sector in Germany accounts for over 3% of the GDP. According to industry experts, the demand for new houses is expected to record around 350,000 units per year till 2020, which is expected to boost the construction industry.
  • The non-residential and commercial buildings construction in the country is expected to witness significant growth prospects in the forecast period.
  • In Europe, Germany holds the largest healthcare market. The annual expenditure on health in the country is estimated to be more than EUR 350 billion, excluding fitness and wellness. With the demographic changes and digitalization, the country has been investing in mobile healthcare facilities, which have provided a platform for the further expansion of the German healthcare sector.
  • Owing to all the above-mentioned factors, the market for polyurethane hot-melt adhesives is expected to increase during the forecast period.
Europe Polyurethane (PU) Hot-melt Adhesives Market - Regional Trend

Competitive Landscape

The Europe polyurethane (PU) hot-melt adhesives market is partially consolidated in nature. Key players in the market include 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Packaging and Electronics Industries

      2. 4.1.2 Increasing Usage of PUR holt-melt adhesives as a Substitute for Solvent-borne Adhesives

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic on Global Economy

    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 Type

      1. 5.1.1 Non-reactive

      2. 5.1.2 Reactive

    2. 5.2 Application

      1. 5.2.1 Paper, Board, and Packaging

      2. 5.2.2 Healthcare

      3. 5.2.3 Automotive

      4. 5.2.4 Furniture (Woodworking)

      5. 5.2.5 Footwear

      6. 5.2.6 Textiles

      7. 5.2.7 Electrical and Electronics

      8. 5.2.8 Bookbinding

      9. 5.2.9 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Italy

      5. 5.3.5 Spain

      6. 5.3.6 Russia

      7. 5.3.7 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 AdCo (UK) Ltd.

      3. 6.4.3 Arkema Group

      4. 6.4.4 Artimelt AG

      5. 6.4.5 BASF SE

      6. 6.4.6 Buhnen Gmbh & Co. KG

      7. 6.4.7 Delo Industrial Adhesives

      8. 6.4.8 DIC CORPORATION

      9. 6.4.9 Dow

      10. 6.4.10 Franklin International

      11. 6.4.11 H.B. Fuller Company

      12. 6.4.12 Henkel AG & Co. KGaA

      13. 6.4.13 Huntsman International LLC

      14. 6.4.14 Jowat SE

      15. 6.4.15 Klebchemie M. G. Becker GmbH & Co. KG

      16. 6.4.16 Mapei SpA

      17. 6.4.17 Master Bond Inc.

      18. 6.4.18 Sika AG

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

    1. 7.1 Adoption of Bio-Based Hot-melt Adhesives

    2. 7.2 Innovative Product Development to Gain Competitive Edge

**Subject to Availability

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Frequently Asked Questions

The Europe Polyurethane (PU) Hot-melt Adhesives Market market is studied from 2016 - 2026.

The Europe Polyurethane (PU) Hot-melt Adhesives Market is growing at a CAGR of >6.5% over the next 5 years.

3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Sika AG are the major companies operating in Europe Polyurethane (PU) Hot-melt Adhesives Market.

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