At 3.6% CAGR, the Europe Adhesives and Sealants Market is Projected to be worth US$ 17,512.87 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Europe adhesives and sealants market was valued at US$ 13,235.67 million in 2022 and is expected to reach US$ 17,512.87 million by 2030, registering a CAGR of 3.6% from 2022 to 2030. Strong growth of construction and automotive industries and increasing demand for adhesives and sealants from paper & packaging industry are the critical factors attributed to the Europe adhesives and sealants market expansion.             

Bio-based materials are gaining traction in all fields due to their improved environmental footprint and independence from petroleum resources that come with their use. Bio-based adhesives are natural polymeric materials consisting of high molecular weight and utilize biocompatible and biodegradable polymers to join two surfaces. These polymers are composed of molecular building blocks linked together to form various large and complex structures. In recent years, there have been developments in bio-based adhesives. For instance, soy-based adhesives are developed to replace urea formaldehyde (UF) resins to avoid concerns related to formaldehyde toxicity. The adhesives formulated from soy protein exhibit desirable dry bonding strength and reduce the dependency on petroleum resins. The biobased raw materials utilized in the adhesive are produced from regenerative sources. This leads to the reduction of CO2 emissions compared to fossil raw materials in the supply chain. Further, biobased adhesives are suitable for packaging end use industry’s due to the clean and efficient bonding of outer coating of paper. Also, they can be used as an environmentally friendly alternative in the production of disposable drinking straws, crockery, and cutlery. Hence, owing to the rising concern and awareness about the social and environmental impacts of conventional materials, manufacturers of adhesives are shifting toward environment-friendly bio-based materials, which is expected to offer lucrative opportunities for the adhesives and sealants market growth during the forecast period.

On the contrary, fluctuation in prices of raw materials hurdles the growth of Europe adhesives and sealants market. 

The Europe adhesives and sealants market is categorized into resin type, end-use industry, and country.

Based on resin type, the Europe adhesives and sealants market is bifurcated into adhesives and sealants. The adhesives segment held 66.5% market share in 2022, amassing US$ 8,795.12 million. It is projected to garner US$ 11,819.37 million by 2030 to expand at 3.8% CAGR during 2022–2030. Additionally, the adhesives segment is categorized into epoxy, polyurethane, acrylic, and others. Further, the sealants segment is subsegmented into silicone sealant, urethane sealant, acrylic sealant, polysulfide sealant, and others.

Based on end-use industry, the Europe adhesives and sealants market is categorized into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The paper and packaging segment held 23.3% market share in 2022, amassing US$ 3,077.33 million. It is projected to garner US$ 4,376.58 million by 2030 to expand at 4.5% CAGR during 2022–2030.

Based on country, the Europe adhesives and sealants market has been categorized into Germany, France, the UK, Italy, Russia, and the Rest of Europe.  Our regional analysis states that the Rest of Europe captured 38.9% share of Europe adhesives and sealants market in 2022. It was assessed at US$ 5,151.37 million in 2022 and is likely to hit US$ 6,797.17 million by 2030, exhibiting a CAGR of 3.5% during 2022–2030.            

Key players operating in the Europe adhesives and sealants market are Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, and Dymax Corporation, among others.

• In Oct 2021, Dymax Corp introduced MD line of adhesives for medical device assembly applications.
• In Mar 2023, Dow Inc launched silicone sealant products for photovoltaic assembly.

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