The Europe reactive adhesives market size is estimated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the expansion in automotive manufacturing.
An adhesive is a chemical combination that connects two objects together to create a single unit. Chemicals and technology are utilized to create adhesives, which are employed in a variety of applications. Each regulatory body has its own set of criteria and testing techniques. Adhesives have strong shear and tensile strength, making them ideal for applications involving holding and bonding.
The COVID-19 pandemic has impacted practically every country and industry on the planet. Many countries in Europe were compelled to lockdown and restrict mobility due to supply chain disruption during the early months of the spread in March, April, and May, affecting numerous industries including reactive adhesives.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing usage of adhesives in products, such as vehicles and aircraft is anticipated to boost the market growth during forecast period
- Growing utilization of reactive adhesives in the construction of wind turbines is expected to drive the market growth.
- Rising adverse effects of epoxy and acrylic reactive adhesives on skin is hampering the growth of the market expansion.
- Increasing preference for heat-resistant products is offering lucrative opportunity for the Europe reactive adhesives market.
Scope of the Report
The report on the Europe reactive 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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Europe Reactive Adhesives Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Resin Types (Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, Anaerobic, Silicone, and Others), End-users (Building & Construction, Renewable Energy, Transportation, Healthcare, Electronics, Aerospace, Sports & Leisure, and Other)
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Geographical Scope
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Germany, the UK, France, Italy, 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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Arkema Group; 3M; Sika AG; H.B. Fuller Company; and Henkel AG & Co. KGaA
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Europe Reactive Adhesives Market Segment Insights
Silicone segment is expected to grow at a rapid pace
Based on resin types, the market is divided into polyurethane, epoxy, cyanoacrylate, modified acrylic, anaerobic, silicone, and others. The silicone segment is expected to grow at a rapid pace during the forecast period owing to the growing environmental consciousness. However, the acrylic segment is estimated to grow at a substantial rate in the coming years.
Renewable energy segment is anticipated to account for a significant market share.
Based on end-users, the market is divided into building & construction, renewable energy, transportation, healthcare, electronics, aerospace, sports & leisure, and others. The renewable energy segment is expected to account for a significant market share during the forecast period due to increase in consumption of renewable energy. Additionally, wind energy has been gradually increasing in Europe over the past few years. On the other hand, the Transportation segment is anticipated to account for a major market share during the forecast period due to the high demand from end-user industries.
Germany is anticipated to constitute a key market share
In terms of regions, the Europe reactive adhesives market is categorized as Germany, the UK, France, Italy, and Rest of Europe. Germany is expected to constitute a key share of the market during the projected period. Germany is the automotive manufacturing powerhouse. Reactive adhesives are in great demand due to the growing manufacturing of automobiles with roughly 41 assembly and engine production units in the country; However, the market in France is anticipated to expand at a rapid pace during the forecast period due to high demand from construction industry.
Segments
Segments Covered in the Report
The Europe reactive adhesives market has been segmented on the basis of
Resin Types
- Polyurethane
- Epoxy
- Cyanoacrylate
- Modified Acrylic
- Anaerobic
- Silicone
- Others
End-users
- Building & Construction
- Renewable Energy
- Transportation
- Healthcare
- Electronics
- Aerospace
- Sports & Leisure
- Others
Geography
- Germany
- The UK
- France
- Italy
- Rest of Europe
Key Players
- Arkema Group
- 3M
- Sika AG
- H.B. Fuller Company
- Henkel AG & Co. KGaA
Competitive Landscape
The Europe reactive adhesives market is moderately fragmented as the market share is divided among a large number of players. Key players competing in the Europe reactive adhesives market are Arkema Group; 3M; Sika AG; H.B. Fuller Company; and Henkel AG & Co. KGaA.
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