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; it is estimated to grow at a CAGR of 3.6% from 2022 to 2030.
Increasing Demand for Adhesives and Sealants from Paper & Packaging Industry fuel the Europe Adhesives and Sealants Market
Rising consumer preference for packaged food products is creating demand for high-quality food packaging products that can keep food fresh for a longer period. Further, online retail has been growing consistently in recent years. The e-commerce industry has been growing in many countries, which is positively impacting the demand for different packaging products. Furthermore, the COVID-19 pandemic crisis has transformed the way e-commerce functions. Various e-commerce websites have experienced an incredible traffic boom. The pandemic has propelled the growth of the e-commerce industry, with many consumers across the region have demonstrated a shift in buying patterns. All these factors are boosting the growth of the paper & packaging industry. In the industry, adhesives and sealants are used for laminating paper and cardboard and gluing labels and lining food packages. Therefore, the increasing demand for adhesives and sealants from the paper & packaging industry is driving the adhesives and sealants market growth.
Europe Adhesives and Sealants Market Overview
Europe adhesives and sealants market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. The surge in investments by European governments and private companies in infrastructure building and construction projects is driving the growth of the adhesives and sealants market. According to the European Construction Industry Federation, in 2020, the European Union (EU) invested US$ 1.4 trillion in the construction industry, and the investment in the industry was reported to increase by 4.2% in 2021. Germany, France, the UK, Italy, and Spain accounted for more than 70% of the EU's total investments in the construction of buildings and other structures. Automotive is one of the major industries in Europe as it contributes significantly to the GDPs of many European countries, including Germany, Italy, and the UK. According to the report by the European Commission, turnover generated by the automotive industry in Europe represents 7% of the region's total GDP. According to a report by the International Energy Agency in 2022, 2.3 million electric vehicles were sold in Europe in 2021 (a rise from 1.4 million in 2020). Hence, the growing automotive industry is propelling the demand for adhesives and sealants in the region.
Europe Adhesives and Sealants Market Revenue and Forecast to 2030 (US$ Million)
Europe Adhesives and Sealants Market Segmentation
The Europe adhesives and sealants market is segmented based on 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 a larger market share in 2022. 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 segmented into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The paper and packaging segment held the largest market share in 2022.
Based on country, the Europe adhesives and sealants market is segmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe dominated the Europe adhesives and sealants market share in 2022.
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 are some of the leading players operating in the Europe adhesives and sealants market.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 13,235.67 Million |
| Market Size by 2030 | US$ 17,512.87 Million |
| CAGR (2022 - 2030) | 3.6% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Resin Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
The Europe Adhesives and Sealants Market is valued at US$ 13,235.67 Million in 2022, it is projected to reach US$ 17,512.87 Million by 2030.
As per our report Europe Adhesives and Sealants Market, the market size is valued at US$ 13,235.67 Million in 2022, projecting it to reach US$ 17,512.87 Million by 2030. This translates to a CAGR of approximately 3.6% during the forecast period.
The Europe Adhesives and Sealants Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Adhesives and Sealants Market report:
The Europe Adhesives and Sealants Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Adhesives and Sealants Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Adhesives and Sealants Market value chain can benefit from the information contained in a comprehensive market report.
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