Europe Cyanoacrylate Adhesives Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 743.16 Million |
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Market Size (2028) | USD 911.23 Million |
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Largest Share by End User Industry | Healthcare |
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CAGR (2024 - 2028) | 5.23 % |
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Largest Share by Country | Germany |
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Market Concentration | Medium |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Europe Cyanoacrylate Adhesives Market Analysis
The Europe Cyanoacrylate Adhesives Market size is estimated at 743.16 million USD in 2024, and is expected to reach 911.23 million USD by 2028, growing at a CAGR of 5.23% during the forecast period (2024-2028).
743.16 Million
Market Size in 2024 (USD)
911.23 Million
Market Size in 2028 (USD)
4.30 %
CAGR (2017-2023)
5.23 %
CAGR (2024-2028)
Largest Market by End-user Industry
33.05 %
value share, Healthcare, 2023
Healthcare is the dominant end-user industry in the market owing to the wide range of applications in surgical and medical device production.
Largest Market by Technology
77.47 %
value share, Reactive, 2023
Reactive is the largest technology type in the market owing to its wide range of applications across major end-user industries, including automotive, healthcare, and woodworking and joinery.
Largest Market by Country
23.84 %
value share, Germany, 2023
In Europe, Germany had the highest market share owing to the strong presence of manufacturers in the country's automotive, healthcare, and woodworking and joinery industries.
Fastest Growing Market by Country
5.64 %
Projected CAGR, France, 2024-2028
Due to the increasing healthcare expenditure along with rising demand for electric vehicles, France is forecasted to be the fastest-growing country in the market.
Leading Market Player
41.57 %
market share, Henkel AG & Co. KGaA, 2021
Henkel has been witnessed as the leading cyanoacrylate adhesives manufacturer in the region. This can be attributed to the popularity of its products in widespread industries, including automotive and healthcare.
Demand for cyanoacrylate adhesives based on reactive technology in aerospace to lead in growth rate in Europe
- Europe has a large manufacturing base and well-established export networks. Healthcare, aerospace, automotive, building and construction, and marine are among the few well-established industries in the region which have collectively generated steady demand for cyanoacrylate adhesives from 2017 to 2019. Countries like Germany, France, and The United Kingdom have occupied a larger share of the demand generated for cyanoacrylate adhesives from the Europe region.
- In 2020, the demand for cyanoacrylate adhesives declined by 11.24% compared to the 2019 levels because of the covid-19 pandemic. Operational, trade and supply chain restrictions have forced industries like automotive, aerospace, and others to have production cuts. This has negatively affected the demand for cyanoacrylate adhesives from the region during this period.
- Among all regions, European automotive, aerospace and woodworking and joinery, and other industries are heavily engaged in R&D activities. All Industries in the region are focusing on reducing their carbon footprint to achieve a net zero emissions goal by 2050. Industries like automotive and aerospace, where fuel efficiency and weight reduction play an important role, might witness a surge in demand for cyanoacrylate adhesives during the forecast period. Among all countries in Europe, France is expected to witness the highest growth in the demand for cyanoacrylate adhesives, with a CAGR of 6.27% during the forecast period (2022-2028).
- Healthcare occupies the largest share of the demand for cyanoacrylate adhesives because of the large number of applications. However, the growth in demand for cyanoacrylate adhesives with reactive technology from the aerospace end-user industry is expected to be with the highest CAGR of 6.95% in 2022-2028.
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Developments in the aerospace industry across the European countries to have boost the market's growth the most
- Cyanoacrylate adhesives help in the reduction of assembly times and are consumed mainly in the healthcare industry. The healthcare industry consumes around 37,362 tons of adhesives in Europe, which accounted for 36.21% of the European cyanoacrylate adhesives market in 2021. These adhesives are used to manufacture disposable medical devices and other healthcare applications.
- Germany is the largest consumer of cyanoacrylate adhesives in Europe. In 2021, around 40% of these adhesives were used in the healthcare industry of Germany, which is the third largest healthcare industry globally. In 2021, the healthcare expenditure in the country was around USD 792 billion and contributed nearly 12% of the country's GDP. In the same year, the exports of medical devices by the country increased by 11.85%. Such rising demand from the healthcare industry in the country is expected to drive the demand for cyanoacrylate adhesives over the coming years.
- Aerospace is the fastest-growing end-user industry in the consumption of cyanoacrylate adhesives in Europe and is expected to record a CAGR of 7.24% during the forecast period 2022-2028. Germany's aerospace industry is driven by technological innovation, and around EUR 2.5 billion was spent on research and development in 2021. In France, Airbus announced plans to increase production speeds and capacity from 40 aircraft per month in 2021 to 64 per month in 2023 and as many as 70 per month by early 2024. These abovementioned factors are expected to boost the demand for cyanoacrylate adhesives over the coming years in Europe.
- Reactive cyanoacrylate adhesives are primarily consumed in Europe and accounted for 75% of the total cyanoacrylate demand in 2021. Their demand is expected to grow further over the forecast period.
Europe Cyanoacrylate Adhesives Market Trends
Supportive government initiatives to promote electric vehicles will raise the industry size
- Europe has a GDP of 34,230 USD per capita with a growth rate of 1.6% y-o-y in 2022. The automotive industry sector contributes a percentage of around 2% of the total GDP. The European vehicle production comprises 81% passenger vehicles, 17% commercial vehicles, and 2% other vehicles in 2021.
- In 2020, many European countries were affected by the COVID-19 pandemic, including Germany, Italy, Spain, Russia, and the United Kingdom. The pandemic resulted in supply chain disruptions, lockdowns in the countries, and chip shortages which affected automotive production in Europe. The production of vehicles sharply declined by 22% compared to 2019.
- The United States imports 25.3% worth of cars from Europe and became one of the leading importers of the United States, where Germany accounted for 10.3% and the United Kingdom for 4.7% of total imports of vehicles in the country in 2021. At the beginning of 2022, the sale of the new vehicle dropped by 20.5% due to the invasion of Ukraine by Russia, which reflected in vehicle production as well. In the first quarter of 2022, the European automotive market was down by 10.6% compared to the same period last year.
- Vehicle production is likely to grow with a CAGR of 2.25% during the period (2022 to 2027) due to the new investments being made in electric vehicles by many European countries. For instance, Spain is going to invest USD 5.1 billion in electric vehicle production.
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Rising demand for aesthetic and smart furniture to aid the industry growth
- Europe is one of the largest producers of furniture in the world. The region contributes nearly 30% of global furniture production after the Asia-Pacific region. Germany, Italy, Russia, and Spain are the top producers of furniture and its products. However, the region was impacted by the COVID-19 outbreak in 2020, which resulted in the shutdown of production facilities in several countries. This has reduced their furniture production by 7.14% compared to the previous year.
- Germany is the largest producer of Furniture units in Europe. The country produced nearly 323.6 million units in 2021, which is 23% of Europe's furniture production. German retailers have started offering 3D product visualizations or augmented reality apps which are boosting the demand for furniture products through e-commerce portals in the country.
- Italy is another major producer of furniture and its products in Europe, and the country is popular for Italian Furniture. The country holds 15% of Europe's furniture production. The country's furniture exports recorded a constant growth rate, which was about 2.7% in 2018 and 3% in 2019. The technological advancement in the woodworking and joinery industry of Italy is adopted worldwide.
- Europe is a leader in the high-end segment of the furniture market. It is said that nearly two out of every three high-end furniture products sold in the world are produced in the European Union. The furniture manufacturers in Europe are using eco-friendly materials such as pine wood, oak wood, beech wood, and a few others for production, which is gaining demand in the region. These factors will raise furniture production in the coming years in Europe.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Significant concentration of aircraft manufacturers across the region will boost the industry size
- Advanced technology is likely to boost the production rate
- Rapid growth of new construction along with rising need for renovation activities will drive the industry
Europe Cyanoacrylate Adhesives Industry Overview
The Europe Cyanoacrylate Adhesives Market is moderately consolidated, with the top five companies occupying 63.01%. The major players in this market are 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Soudal Holding N.V. (sorted alphabetically).
Europe Cyanoacrylate Adhesives Market Leaders
3M
Arkema Group
H.B. Fuller Company
Henkel AG & Co. KGaA
Soudal Holding N.V.
Other important companies include DELO Industrie Klebstoffe GmbH & Co. KGaA, Illinois Tool Works Inc., Jowat SE, Permabond LLC., ThreeBond Holdings Co., Ltd..
*Disclaimer: Major Players sorted in alphabetical order.
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Europe Cyanoacrylate Adhesives Market News
- May 2022: ITW Performance Polymers announced a distribution partnership with PREMA SA in Poland for its Devcon brand.
- February 2022: H.B. Fuller announced the acquisition of Fourny NV to strengthen its Construction Adhesives business in Europe.
- January 2022: H.B. Fuller announced the acquisition of UK-based Apollo Chemicals to expand its foothold in the European market.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Europe Cyanoacrylate Adhesives Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Aerospace
2.1.2. Automotive
2.1.3. Building and Construction
2.1.4. Footwear and Leather
2.1.5. Woodworking and Joinery
2.2. Regulatory Framework
2.2.1. EU
2.2.2. Russia
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. End User Industry
3.1.1. Aerospace
3.1.2. Automotive
3.1.3. Building and Construction
3.1.4. Footwear and Leather
3.1.5. Healthcare
3.1.6. Woodworking and Joinery
3.1.7. Other End-user Industries
3.2. Technology
3.2.1. Reactive
3.2.2. UV Cured Adhesives
3.3. Country
3.3.1. France
3.3.2. Germany
3.3.3. Italy
3.3.4. Russia
3.3.5. Spain
3.3.6. United Kingdom
3.3.7. Rest of Europe
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Arkema Group
4.4.3. DELO Industrie Klebstoffe GmbH & Co. KGaA
4.4.4. H.B. Fuller Company
4.4.5. Henkel AG & Co. KGaA
4.4.6. Illinois Tool Works Inc.
4.4.7. Jowat SE
4.4.8. Permabond LLC.
4.4.9. Soudal Holding N.V.
4.4.10. ThreeBond Holdings Co., Ltd.
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF AIRCRAFTS DELIVERED, UNITS, EUROPE, 2017-2028
- Figure 2:
- PRODUCTION VOLUME OF AUTOMOBILES, UNITS, EUROPE, 2017-2028
- Figure 3:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, EUROPE, 2017-2028
- Figure 4:
- PRODUCTION VOLUME OF FOOTWEAR, PAIRS, EUROPE, 2017-2028
- Figure 5:
- PRODUCTION VOLUME OF FURNITURE, UNITS, EUROPE, 2017-2028
- Figure 6:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 7:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 8:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 9:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 10:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 11:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 12:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 13:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 14:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 15:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 16:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 17:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 18:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 19:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 20:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 21:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 22:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 23:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 24:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 25:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 26:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 27:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 28:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 29:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 30:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 31:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, EUROPE, 2017 - 2028
- Figure 32:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, EUROPE, 2021 VS 2028
- Figure 33:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 34:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, USD, EUROPE, 2017 - 2028
- Figure 35:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 36:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY TECHNOLOGY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 37:
- VOLUME OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 38:
- VALUE OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 39:
- VALUE SHARE OF REACTIVE CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 40:
- VOLUME OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, EUROPE, 2017 - 2028
- Figure 41:
- VALUE OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED, USD, EUROPE, 2017 - 2028
- Figure 42:
- VALUE SHARE OF UV CURED ADHESIVES CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, EUROPE, 2021 VS 2028
- Figure 43:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, EUROPE, 2017 - 2028
- Figure 44:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, USD, EUROPE, 2017 - 2028
- Figure 45:
- VOLUME SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 46:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY COUNTRY, %, EUROPE, 2016 VS 2022 VS 2028
- Figure 47:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, FRANCE, 2017 - 2028
- Figure 48:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, FRANCE, 2017 - 2028
- Figure 49:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, FRANCE, 2021 VS 2028
- Figure 50:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, GERMANY, 2017 - 2028
- Figure 51:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, GERMANY, 2017 - 2028
- Figure 52:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, GERMANY, 2021 VS 2028
- Figure 53:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, ITALY, 2017 - 2028
- Figure 54:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, ITALY, 2017 - 2028
- Figure 55:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, ITALY, 2021 VS 2028
- Figure 56:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, RUSSIA, 2017 - 2028
- Figure 57:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, RUSSIA, 2017 - 2028
- Figure 58:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, RUSSIA, 2021 VS 2028
- Figure 59:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, SPAIN, 2017 - 2028
- Figure 60:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, SPAIN, 2017 - 2028
- Figure 61:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, SPAIN, 2021 VS 2028
- Figure 62:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, UNITED KINGDOM, 2017 - 2028
- Figure 63:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, UNITED KINGDOM, 2017 - 2028
- Figure 64:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, UNITED KINGDOM, 2021 VS 2028
- Figure 65:
- VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, REST OF EUROPE, 2017 - 2028
- Figure 66:
- VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, REST OF EUROPE, 2017 - 2028
- Figure 67:
- VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF EUROPE, 2021 VS 2028
- Figure 68:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, EUROPE, 2019 - 2021
- Figure 69:
- MOST ADOPTED STRATEGIES, COUNT, EUROPE, 2019 - 2021
- Figure 70:
- REVENUE SHARE OF CYANOACRYLATE ADHESIVES BY MAJOR PLAYERS, %, EUROPE, 2021
Europe Cyanoacrylate Adhesives Industry Segmentation
Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Woodworking and Joinery are covered as segments by End User Industry. Reactive, UV Cured Adhesives are covered as segments by Technology. France, Germany, Italy, Russia, Spain, United Kingdom are covered as segments by Country.
- Europe has a large manufacturing base and well-established export networks. Healthcare, aerospace, automotive, building and construction, and marine are among the few well-established industries in the region which have collectively generated steady demand for cyanoacrylate adhesives from 2017 to 2019. Countries like Germany, France, and The United Kingdom have occupied a larger share of the demand generated for cyanoacrylate adhesives from the Europe region.
- In 2020, the demand for cyanoacrylate adhesives declined by 11.24% compared to the 2019 levels because of the covid-19 pandemic. Operational, trade and supply chain restrictions have forced industries like automotive, aerospace, and others to have production cuts. This has negatively affected the demand for cyanoacrylate adhesives from the region during this period.
- Among all regions, European automotive, aerospace and woodworking and joinery, and other industries are heavily engaged in R&D activities. All Industries in the region are focusing on reducing their carbon footprint to achieve a net zero emissions goal by 2050. Industries like automotive and aerospace, where fuel efficiency and weight reduction play an important role, might witness a surge in demand for cyanoacrylate adhesives during the forecast period. Among all countries in Europe, France is expected to witness the highest growth in the demand for cyanoacrylate adhesives, with a CAGR of 6.27% during the forecast period (2022-2028).
- Healthcare occupies the largest share of the demand for cyanoacrylate adhesives because of the large number of applications. However, the growth in demand for cyanoacrylate adhesives with reactive technology from the aerospace end-user industry is expected to be with the highest CAGR of 6.95% in 2022-2028.
| End User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Technology | |
| Reactive | |
| UV Cured Adhesives |
| Country | |
| France | |
| Germany | |
| Italy | |
| Russia | |
| Spain | |
| United Kingdom | |
| Rest of Europe |
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Market Definition
- End-user Industry - Building & Construction, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the cyanoacrylate adhesives market.
- Product - All cyanoacrylate adhesive products are considered in the market studied
- Resin - Under the scope of the study, cyanoacrylates based on Alkoxy Ethyl, Ethyl Ester, Methyl Ester, and Others are considered
- Technology - For the purpose of this study, Reactive and UV Cured adhesive technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood.聽Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government鈥檚 Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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