Europe Polyurethane (PU) Adhesives Market Size | 2031

Segments - Europe Polyurethane (PU) Adhesives Market by 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), and Geography (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Riddhesh Dani

Fact-checked by : Harneet Meher

Editor : Shruti Bhat

Report Description

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.

Europe Polyurethane Adhesives Market Outlook

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

Increasing demand of polyurethane adhesives in the automotive and aerospace industries is expected drive the Europe polyurethane adhesives market.
Construction industries shifted focus towards the bio-based adhesives as solvent-based adhesives are fueling the Europe polyurethane adhesives market.
Increasing usage of polyurethane hot-melt adhesives as solvent-borne adhesives in various industries is expected to drive the market during the forecast period.
Stringent rules and regulations about the Volatile organic compounds (VOC) are estimated to hamper the market growth.
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.

Attributes	Details
Report Title	Polyurethane (PU) Adhesives Market - Europe Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	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)
Geographical Scope	Germany, United Kingdom, France, Italy, Spain, and Rest of Europe
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	H. B. Fuller; Dow; 3M; Henkel AG & Co. KGaA; Arkema Group

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.

Europe Polyurethane Adhesives Market Technology

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.

Europe Polyurethane Adhesives Market End Users

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

Thermoset
Thermoplastic

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.

Europe Polyurethane Adhesives Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Polyurethane (PU) Adhesives Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Polyurethane (PU) Adhesives Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Polyurethane (PU) Adhesives Market - Supply Chain
  4.5. Global Polyurethane (PU) Adhesives Market Forecast
     4.5.1. Polyurethane (PU) Adhesives Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Polyurethane (PU) Adhesives Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Polyurethane (PU) Adhesives Market Absolute $ Opportunity
5. Global Polyurethane (PU) Adhesives Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Polyurethane (PU) Adhesives Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
6. North America Polyurethane (PU) Adhesives Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
7. Latin America Polyurethane (PU) Adhesives Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
8. Europe Polyurethane (PU) Adhesives Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
9. Asia Pacific Polyurethane (PU) Adhesives Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
10. Middle East & Africa Polyurethane (PU) Adhesives Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Polyurethane (PU) Adhesives Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Polyurethane (PU) Adhesives Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Polyurethane (PU) Adhesives Market: Market Share Analysis
  11.2. Polyurethane (PU) Adhesives Distributors and Customers
  11.3. Polyurethane (PU) Adhesives Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. H. B. Fuller
     11.4.2. Dow
     11.4.3. 3M
     11.4.4. Henkel AG & Co. KGaA
     11.4.5. Arkema Group
     11.4.6.