The Europe contact adhesive market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 3% during 2023–2031. The growth of the market is attributed to the easy & fast adhesion, high strength, and resistance to aging, heat, oils, and chemicals.
An adhesive is a substance that is used to bind two surfaces together. Contact adhesives are employed for high strength binding of different materials. They are also known as semi-structural adhesives. The surfaces of both substrates to be bonded are coated with contact adhesive evenly. Once the adhesive dries by the evaporation of solvent, slight pressure is applied, resulting in high initial strength.
The drying process of the adhesives is fast, and the bonded surfaces are difficult to separate. Thus, correct surface arrangement of the materials is crucial before application of the adhesives. The adhesive can withstand rapid changes in respect to temperature, moisture, and vibrations.
Contact adhesives can be utilized for binding of materials such as paper & board, wood, leather, fabric, metal, rubber, glass, ceramic, and plastic. These adhesives are preferred for products with large surface area.
Market Trends, Drivers, Restraints, and Opportunities
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Rising construction activities and increasing application of contact adhesives in the automotive industry to produce lightweight vehicles are projected to boost the market growth.
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Growing demand from packaging and woodworking industries are expected to propel the market expansion in the coming years.
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Traditional joining adhesives such as soldering, riveting, welding, and screwing are replaced by modern and next-generation adhesive systems, which is anticipated to drive the market growth.
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Various manufacturers are taking initiatives to develop durable, low-cost, water-based contact adhesives, and improve their properties for end-user industries, which is expected to propel the market growth.
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Accelerating renovation and remodelling activities are driving the market growth.
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Increasing export from emerging economies and rising demand for specialty contact adhesives are one of the major factors spurring the market growth.
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Commonly used solvents are flammable and toxic, which requires safe handling. This factor can restrict the market expansion in the coming years.
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Stringent environmental rules and regulations for volatile organic compounds (VOC) emission are anticipated to hamper the market growth.
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Increasing R&D investments and ongoing technological advancements in the contact adhesive industry are expected to create significant opportunities for the industry players in the projected timeline,
Scope of Europe Contact Adhesive Market Report
The report on the Europe contact adhesive market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Contact Adhesive Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Resins (Neoprene, Styrene Butadiene Copolymer, Acrylic Copolymer, and Others), Technologies (Water-borne, Solvent-borne, and Others), End-user Industries (Automotive & Aerospace, Building & Construction, Consumer Durables, Leather & Footwear, Packaging, Woodworking, and Others)
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Geographical Scope
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Germany, UK, France, Italy, Spain, and Rest of Europe
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller, and Sika AG.
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Europe Contact Adhesive Market Segment Insights
Resins segment to account a large market share
On the basis of resins, the market is segregated into neoprene, styrene butadiene copolymer, acrylic copolymer, and others. The neoprene segment is expected to constitute a key market share during the forecast period owing to rising demand from the footwear industry. Moreover, easy availability and wide acceptability is expected to drive the market segment growth.
Water-borne segment to expand at a significant pace
In terms of technologies, the market is divided into water-borne, solvent-borne, and others. The water-borne segment is expected to grow at a rapid pace during the forecast period. Water-borne systems are safe and eco-friendly, as compared to solvent-based systems, which aids in the augmentation of the market segment growth.
Building & construction segment is anticipated to expand at a substantial CAGR
Based on end-user industries, the market is segmented into automotive & aerospace, building & construction, consumer durables, leather & footwear, packaging, woodworking, and others. The building & construction market is anticipated to register a high CAGR during the forecast period.
Contact adhesives confer properties such as good cohesion, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, and rain. These properties make it a favored option in the construction industry.
Germany is anticipated to dominate the market
On the basis of geographies, the market is categorized as Germany, UK, France, Italy, Spain, and Rest of Europe. Germany is anticipated to dominate the market during the forecast period.
The regional market growth can be attributed to the presence of one of the largest production base of industries, such as aerospace, automotive, and packaging. Germany has introduced a new Packaging Act, which is driving the industry toward eco-friendly packaging practices.
Segments
The Europe contact adhesive market has been segmented on the basis of
Resins
- Neoprene
- Styrene Butadiene Copolymer
- Acrylic Copolymer
- Others
Technologies
- Water-borne
- Solvent-borne
- Others
End-user Industries
- Automotive & Aerospace
- Building & Construction
- Consumer Durables
- Leather & Footwear
- Packaging
- Woodworking
- Others
Geographies
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Key Players
- 3M
- Henkel AG & Co. KGaA
- Arkema Group
- H.B. Fuller
- Sika AG
Competitive Landscape
Key players competing in the Europe contact adhesive market include 3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller, and Sika AG.
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