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The Europe epoxy adhesives market is estimated to grow at a significant CAGR during the forecast period, 2018-2023. Germany is expected to hold the largest share of the market, owing to the healthy growth of the construction and automotive industry. Construction is expected to hold the largest market share of the end-user segment.
Growing Demand from Automotive Industry to Propel Market Growth
Epoxy adhesives are used in the automotive industry for structural bonding, i.e. wherever strong and long-lasting bonds are required. The majority of the current automotive bonding applications are of epoxy adhesives. Thus, the epoxy adhesives market is directly related to the automotive production. The recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. Furthermore, Europe is the home for many of the major automotive producers and has many manufacturing plants scattered across the region. This surge in the automotive industry in the region is expected to increase the demand for epoxy adhesives.
Construction Expected to be the Largest End-user Segment
Construction accounted for close to 30% of the total market share in 2017. Epoxy adhesives are used for joining concrete, brickwork, masonry, elastomeric bearings, timber, ceramic tiles, aluminum, and steel. Moreover, with the increasing applications of plastics, wood, and composites in buildings, the application of epoxy adhesives in construction is also on the rise. Furthermore, the application of epoxy adhesives in pre-stressed concrete is also increasing. The recovering construction industry in the region is expected to further boost the demand for adhesives used in construction industry.
Germany to be the Dominant Region
Germany, with its high-class R&D infrastructure and powerful manufacturing base, is likely to continue to be a big aerospace manufacturing hub in the future. It is expected that around 30-35 thousand aircrafts will be operational within the next 20 years. Moreover, the automotive industry is a large sector in Germany, accounting for 20% of the total German industry revenue. Additionally, the electronics industry of the country is the largest in Europe and the fifth-largest in the world. The industry manufactures more than 100,000 different types of electronic items, ranging from components to household appliances, medical equipment, etc. This significant growth is expected to propel the demand for epoxy adhesives and will contribute to the growth of the market.
Notable Developments in the Market
September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants.
August 2016: Adhesives division of Alfagres S.A. has been acquired by Henkel AG & Co. KGaA.
Major Players: Henkel AG & Co. KGaA, H.B. Fuller Co, SIKA AG, and Lord Corp, among others.
Reasons to Purchase this Report
To understand the impact of VOC regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user in the market
To identify the countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
Growing Demand from Automotive Industry to Propel Market Growth
Epoxy adhesives are used in the automotive industry for structural bonding, i.e. wherever strong and long-lasting bonds are required. The majority of the current automotive bonding applications are of epoxy adhesives. Thus, the epoxy adhesives market is directly related to the automotive production. The recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicles. Furthermore, Europe is the home for many of the major automotive producers and has many manufacturing plants scattered across the region. This surge in the automotive industry in the region is expected to increase the demand for epoxy adhesives.
Construction Expected to be the Largest End-user Segment
Construction accounted for close to 30% of the total market share in 2017. Epoxy adhesives are used for joining concrete, brickwork, masonry, elastomeric bearings, timber, ceramic tiles, aluminum, and steel. Moreover, with the increasing applications of plastics, wood, and composites in buildings, the application of epoxy adhesives in construction is also on the rise. Furthermore, the application of epoxy adhesives in pre-stressed concrete is also increasing. The recovering construction industry in the region is expected to further boost the demand for adhesives used in construction industry.
Germany to be the Dominant Region
Germany, with its high-class R&D infrastructure and powerful manufacturing base, is likely to continue to be a big aerospace manufacturing hub in the future. It is expected that around 30-35 thousand aircrafts will be operational within the next 20 years. Moreover, the automotive industry is a large sector in Germany, accounting for 20% of the total German industry revenue. Additionally, the electronics industry of the country is the largest in Europe and the fifth-largest in the world. The industry manufactures more than 100,000 different types of electronic items, ranging from components to household appliances, medical equipment, etc. This significant growth is expected to propel the demand for epoxy adhesives and will contribute to the growth of the market.
Notable Developments in the Market
September 2017: H.B. Fuller Company to acquire Royal Adhesives and Sealants.
August 2016: Adhesives division of Alfagres S.A. has been acquired by Henkel AG & Co. KGaA.
Major Players: Henkel AG & Co. KGaA, H.B. Fuller Co, SIKA AG, and Lord Corp, among others.
Reasons to Purchase this Report
To understand the impact of VOC regulations on the market.
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating end-user in the market
To identify the countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.
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