The Europe polyurethane (PU) adhesives market size was USD 3.48 Billion in 2022 and is likely to reach USD 6.15 Billion by 2031, expanding at a CAGR of 6.53% during 2023–2031. The growth of the market is attributed to rising construction activities in the region.
Polyurethane (PU) adhesives are known as thermoplastic glue and it is in brown or clear color. These polyurethane adhesives are a versatile material used in the metal, wood, concrete, glass, carpets, and others. The polyurethane adhesives have several properties such as excellent resistance of water, heat, and chemicals it can be easily applied and doesn’t require any mixing.
The Covid-19 pandemic affected the demand and supply of Europe polyurethane (PU) adhesives market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials and availability of workers forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Europe Polyurethane (PU) Adhesives Market Trends, Drivers, Restraints, and Opportunities
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Increasing demand of polyurethane adhesives in the automotive and aerospace industries is expected drive the Europe polyurethane adhesives market.
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Construction industries shifted focus towards the bio-based adhesives as solvent-based adhesives are fueling the Europe polyurethane adhesives market.
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Increasing usage of polyurethane hot-melt adhesives as solvent-borne adhesives in various industries is expected to drive the market during the forecast period.
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Stringent rules and regulations about the Volatile organic compounds (VOC) are estimated to hamper the market growth.
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Growing demand of polyurethane adhesives from several industries such as construction, packaging, electrical & electronics, and woodworking are expected to boost the market during the forecast period.
Scope of Europe Polyurethane (PU) Adhesives Market Report
The report on the Europe polyurethane adhesives 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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Polyurethane (PU) Adhesives 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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Resin Types (Thermoset and Thermoplastic), Technology (Water-borne, Solvent-borne, Hot-melt, and Others), End-users (Automotive, Building & Construction, Electrical & Electronics, Footwear & Leather, Healthcare, Packaging, and Others)
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Geographical Scope
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Germany, United Kingdom, 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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H. B. Fuller; Dow; 3M; Henkel AG & Co. KGaA; Arkema Group
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Europe Polyurethane (PU) Adhesives Market segment insights
The thermoset segment is expected to grow at a rapid pace
Based on resin types, the Europe polyurethane adhesives market is bifurcated into thermoset and thermoplastic. The thermoset segment is expected to grow at a rapid pace during the forecast period due to strong chemical bonding, high dimensional stability, good resistance to solvents and high temperature resistance in the thermoset polymers.
The solvent-borne segment is projected to expand at a considerable CAGR
On the basis of technology, the market is segregated into the water-borne, solvent-borne, hot-melt, and others. The solvent-borne segment is projected to expand at a considerable CAGR during the forecast period because of suitable for several construction and industrial application. They also have a good adhesion to leather, paper, textile, metal, wood, rubber, and plastics. However, the hot-melt segment is anticipated to hold a key share of the market in the coming years as they are used in the automotive, construction, and textile industries.
The building & construction segment is estimate to gain a large revenue share
Based on end-users, the Europe polyurethane adhesives market is segmented into automotive, building & construction, electrical & electronics, footwear & leather, healthcare, packaging, and others. The building & construction segment is estimate to gain a large revenue share in the coming years because of polyurethane adhesives have low strength and rapid curing, excellent choice for woodworking. It provides very well strength to hold the construction material together. On the other hand, the automotive segment is anticipated to account for a major market share during the forecast period because of increasing usage of PU for production of interior panels, during the car seats and in the other plastic parts.
Germany is anticipated to constitute a key market share
In terms of regions, the Europe polyurethane adhesives market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Germany is expected to constitute a key market share during the projected period due to rising demand of polyurethane adhesives in the construction, electronics & electrical, automotive & aerospace, and packaging industries. German electronics industry has major industry in the Europe and increasing investment in the electronics and medical devices.
Segments
The Europe polyurethane (PU) adhesives market has been segmented on the basis of
Resin types
Technology
- Water-borne
- Solvent-borne
- Hot-melt
- Others
End-users
- Automotive
- Building & Construction
- Electrical & Electronics
- Footwear & Leather
- Healthcare
- Packaging
- Others
Geography
- Germany
- United Kingdom
- France
- Italy
- Spain
- Rest of Europe
Key players
- H. B. Fuller
- Dow
- 3M
- Henkel AG & Co. KGaA
- Arkema Group
Competitive Landscape
Key market players competing in the Europe polyurethane adhesives market include H. B. Fuller; Dow; 3M; Henkel AG & Co. KGaA; Arkema Group.
These key players are constantly implementing several marketing strategies such as merger & acquisitions, capital investments, partnerships, and new product development to sustain industry position in the market.
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