Europe PUR Hot-melt Adhesives Market – Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Type (Non-reactive and Reactive), by Application (Packaging, Healthcare, Transportation, Woodworking & Joinery, Footwear, Textiles, Electronics, Bookbinding, Other Applications), and Geography.

Market Snapshot

Hot melt PUR Cag
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The Europe PUR hot-melt adhesives market is expected to grow at a CAGR of 6.75% during the forecast period of 2019 – 2024. A major driver for the market study identified in this report is the increase in demand from the packaging and electronics sectors. The financial crisis in Russia might hinder the growth of PUR hot-melt adhesives.

  • The changing food consumption habits and lifestyle trends and the demand for packaged foods are consistently increasing. This, in turn, is driving the demand for PUR hot-melt adhesives.
  • The increasing awareness and adoption of bio-based PUR hot-melt adhesives may create many opportunities for expansion during the forecast period.
  • Germany dominated the market across Europe, due to the increasing demand from construction.

Scope of the Report

The Europe PUR hot-melt adhesives market report includes:

By Type
Non-reactive
Reactive
By Application
Packaging
Healthcare
Transportation
Woodworking & Joinery (Furniture)
Footwear
Textiles
Electronics
Bookbinding
Other Applications
Geography
Germany
United Kingdom
France
Italy
Spain
Russia
Rest of Europe

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Key Market Trends

Increasing Demand of Woodwork & Joinery (Furniture)

  • Hot-melt adhesives are used for assembly work and for bonding decorative edging. They further increase the structural bonding of wood and aid in joining wood with other materials. Hot-melt adhesives have versatile applications in the woodworking industry.
  • They can be used in making architectural and aesthetic elements, for profile wrapping, post forming, and soft forming, among others. Polyurethane adhesives are used to cure exposure to moisture and provide environmental resistance.
  • The need for unique and different types of furniture is driving the woodworking industry, and thus, the demand for hot-melt adhesives in this industry is steadily growing.
  • The European woodworking and joinery industry is expected to grow at a moderate rate during the forecast period. The residential construction sector in Europe is in a stage of transformation and it is offering an attractive market with the scope for faster development.
  • The furniture industry derives its demand mainly from two sectors: domestic or home market and commercial or office market. The increasing per-capita income of the middle classes in European countries has created a demand for domestic furniture from these markets.
  • The residential and office construction sector in the EU is expected to grow at moderate rates, with the infrastructure construction activities gaining a boost in the majority of the European countries. The state subsidies provided by different countries for residential construction are driving the growth of the housing construction in Europe.
  • On the whole, the demand for PUR hot-melt adhesives for furniture applications is expected to grow at a moderate rate through the forecast period.
application pur

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Germany to Dominate the Market

Germany recorded a moderate GDP growth rate of 1.5% in 2018. The automotive industry is the largest sector in Germany, which accounts for 20% of the total German industry revenues. The public consumption of hot-melt adhesives has increased by 0.5%, supported by the growth of the automotive, electronics, energy & power, pharmaceutical, and chemical industries. The German economy is, in recent years, recovering from crises that plagued its industrial sectors. At present, the public consumption of goods and services has increased significantly with an increase in purchasing power. The construction sector in Germany accounted for about 3.3% of the GDP. The residential construction market segment was expected to experience a moderately high growth rate of around 7% in 2017. Subsequently, the furniture industry is also showing positive growth rates. The packaging industry has a higher market potential with growing demand from consumers, which in turn, is expected to drive the consumption of PUR hot-melt adhesives during the forecast period. 

country hot melt

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Competitive Landscape

The European PUR hot melt adhesive market is semi consolidated, with top five players accounting for 50% of the market. The major companies include Henkel AG & Co. KGaA, H.B. Fuller, 3M, Arkema, and Sika AG, among others.

Major Players

  1. Henkel AG & Co. KGaA
  2. H.B. Fuller
  3. 3M
  4. Arkema Group
  5. Sika AG

* Complete list of players covered available in the table of contents below

hot melt pur con

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 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

      3. 4.1.3 Increasing Applications in a Various Industries

    2. 4.2 Restraints

      1. 4.2.1 Decrease In The Demand In Russia And France

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters Five Force 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. 4.5 Technology Snapshot

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Non-reactive

      2. 5.1.2 Reactive

    2. 5.2 By Application

      1. 5.2.1 Packaging

      2. 5.2.2 Healthcare

      3. 5.2.3 Transportation

      4. 5.2.4 Woodworking & Joinery (Furniture)

      5. 5.2.5 Footwear

      6. 5.2.6 Textiles

      7. 5.2.7 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) Limited

      3. 6.4.3 Arkema Group (Bostik SA)

      4. 6.4.4 Artimelt AG

      5. 6.4.5 Buhnen Gmbh & Co. KG

      6. 6.4.6 Delo Industrial Adhesives

      7. 6.4.7 DIC Corporation

      8. 6.4.8 DowDuPont

      9. 6.4.9 Franklin International

      10. 6.4.10 H.B. Fuller

      11. 6.4.11 Henkel AG & Company, KGaA

      12. 6.4.12 Jowat SE

      13. 6.4.13 Klebchemie M. G. Becker GmbH & Co. KG

      14. 6.4.14 Master Bond Inc.

      15. 6.4.15 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 have Competitive Edge

**Subject to Availability

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