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Market Research Report

Europe Hot-melt Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)

Published by Mordor Intelligence LLP Product code 354515
Published Content info 150 Pages
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Europe Hot-melt Adhesives Market - Growth, Trends, and Forecast (2019 - 2024)
Published: April 1, 2019 Content info: 150 Pages
Description

Market Overview

The European market for hot-melt adhesives is expected to register a CAGR of 5.52%, by revenue, during the forecast period (2019-2024). Major factors driving the market studied are the increasing demand from the automotive industry and the packaging sector. The financial crisis in countries, such as Russia and France, is expected to hinder the growth of the market studied.

  • The demand for packaged foods is consistently boosting the demand for hot-melt adhesives.
  • Growing awareness and adoption of bio-based hot-melt adhesives may act as a major opportunity for expansion, during the forecast period.
  • Germany dominated the market, due to the rising demand from segments, such as paper, board, and packaging, automotive, etc.

Key Market Trends

Rising Demand from Paper, Board & Packaging

  • An extremely high proportion of all industrial products are sold in packaging, either due to stability requirements for storage and transport or for aesthetic reasons.
  • Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores.
  • Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials that are laminated together.
  • The improvement in living standards and higher incomes, especially in developing countries, have increased the demand for a broad range of products, all of which require packaging. Therefore, the demand for packaging has increased the demand for hot-melt adhesives.
  • The demand for books and related materials is expected to increase with the increasing population and literacy rate around the world. This is expected to boost the demand for hot-melt adhesives in Europe.
  • One of the contributing factors for the potential demand for hot-melt adhesives in the packaging industry is the traditionally low levels of automation. This has caused many packaging producers to use alternate forms of adhesives.

Germany to Dominate the Market

Germany dominated the European market share, in 2018. The automotive industry is the largest sector in Germany, which accounts for 20% of the total German industry revenues. The public consumption of hot-melt adhesives has increased by 0.5%, supported by the growth of the automotive, electronics, energy and power, pharmaceutical, and chemical industries. Consumption growth is expected to add value to the market in Germany. At present, the public consumption of goods and services has increased significantly, with an increase in purchasing power. The market is expected to witness significant growth during the forecast period, owing to an increase in the use of hot-melt adhesives, with demand coming from both domestic and international clients. The construction sector in Germany accounted for about 3.3% of the GDP. The residential market segment is expected to have moderately high growth. The furniture industry is also showing positive growth rates. The packaging industry has higher market potential, with increasing demand from consumers. The aforementioned factors are contributing to the increasing demand for the consumption of hot-melt adhesives in the region, during the forecast period.

Competitive Landscape

In the European hot-melt adhesives market, more than 50% of the market is dominated by the top five players. The key players include Henkel AG & Co. KGaA, followed by HB Fuller, Arkema (Bostik), Sika AG, and 3M Company.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 52150

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growth in Automotive Production
    • 4.1.2 Increasing Demand from the Packaging Industry
    • 4.1.3 Increasing Usage as Substitute for Solvent-borne Adhesives
  • 4.2 Restraints
    • 4.2.1 Decrease in the Demand in Russia and France
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porters Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition
  • 4.5 Technology Snapshot

5 MARKET SEGMENTATION

  • 5.1 By Resin Type
    • 5.1.1 Thermoplastic Polyurethane
    • 5.1.2 Ethylene Vinyl Acetate
    • 5.1.3 Styrenic-butadiene Copolymers
    • 5.1.4 Polyolefins
    • 5.1.5 Polyamide
    • 5.1.6 Other Resin Types
  • 5.2 By End User
    • 5.2.1 Building and Construction
    • 5.2.2 Paper, Board, and Packaging
    • 5.2.3 Woodworking and Joinery
    • 5.2.4 Transportation
    • 5.2.5 Footwear and Leather
    • 5.2.6 Healthcare
    • 5.2.7 Electronics
    • 5.2.8 Other End Users
  • 5.3 Geography
    • 5.3.1 Germany
    • 5.3.2 United Kingdom
    • 5.3.3 France
    • 5.3.4 Italy
    • 5.3.5 Spain
    • 5.3.6 Russia
    • 5.3.7 Nordic Countries
    • 5.3.8 Rest of Europe

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 AdCo (UK) Ltd
    • 6.4.3 Arkema Group
    • 6.4.4 artimelt AG
    • 6.4.5 AVERY DENNISON CORPORATION
    • 6.4.6 Beardow Adams
    • 6.4.7 Buhnen GmbH & Co. KG
    • 6.4.8 DELO Industrie Klebstoffe GmbH & Co. KGaA
    • 6.4.9 DIC CORPORATION
    • 6.4.10 DowDupont
    • 6.4.11 Drytac
    • 6.4.12 EOC Group
    • 6.4.13 Franklin International
    • 6.4.14 HB Fuller Company
    • 6.4.15 Henkel AG & Co. KGaA
    • 6.4.16 Hexcel Corporation
    • 6.4.17 Jowat SE
    • 6.4.18 KLEIBERIT
    • 6.4.19 Master Bond Inc.
    • 6.4.20 Paramelt
    • 6.4.21 SIKA AG
    • 6.4.22 THE YOKOHAMA RUBBER CO. LTD

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Adoption of Bio-based Hot-melt Adhesives
  • 7.2 Innovative Product Development To Gain Competitive Edge
  • 7.3 Recovering Construction Industry
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