EMEA Sealants and Adhesives Market Report and Forecast 2024-2032
EMEA Sealants and Adhesives Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the EMEA sealants and adhesives market is projected to grow at a CAGR of 2.8% between 2024 and 2032. Aided by the expanding construction activities, automotive industry growth, and an uptick in industrial manufacturing across the region, the market is expected to grow significantly by 2032.
Sealants and adhesives are vital compounds extensively utilised across multiple industries to bond materials together and prevent fluid leakage by filling spaces. They offer various properties such as flexibility, corrosion resistance, and insulation. Beyond their basic functions, modern sealants and adhesives, tailored with advanced technologies, are providing more specialised properties like UV resistance, thermal conductivity, and electrical conductivity.
A core driver behind the burgeoning EMEA sealants and adhesives market growth is the revival and rapid growth of the construction industry, especially in developing nations within Africa and parts of Eastern Europe. With increasing urbanisation and infrastructural developments, there's an amplified demand for high-quality sealants and adhesives that ensure durability and longevity of structures.
The automotive sector, another critical end-user of sealants and adhesives, is witnessing transformative changes with a shift towards electric vehicles and lightweight vehicles. These changes necessitate the use of high-performance adhesives that can replace traditional mechanical fasteners, thereby reducing vehicle weight and optimising fuel efficiency.
Additionally, the escalating trend of DIY (Do It Yourself) in home improvements, especially in Western Europe, further bolsters the EMEA sealants and adhesives market demand. The increasing consumer preference for sustainable living has propelled the demand for eco-friendly sealants and adhesives, which are both effective and environmentally responsible.
The industrial manufacturing landscape of EMEA, with its broad-spectrum encompassing electronics, aerospace, and energy sectors, continually leans on the advancements in adhesives and sealants. For instance, in electronics, they are utilised for wire tacking, encapsulation, and thermal management. The aerospace sector demands sealants that can withstand extreme conditions, emphasising the need for innovation in formulation.
In light of the increasing awareness about environmental sustainability, bio-based adhesives and sealants have emerged as a promising segment. These products, derived from renewable resources, are anticipated to capture a significant portion of the EMEA sealants and adhesives market share in the coming years, backed by both consumer demand and regulatory support.
Market Segmentation
The EMEA adhesives market can be divided based on product type, application, and country.
Market Breakup by Product Type
- Reactive Systems
-Polyurethane
- Solvent Based
-PVA (Polyvinyl Acetate)
-Rubber
- Pressure Sensitive
-Rubber
- Water Based
-Vinyl Acetate
- Hot Melt
-Rubber
Market Breakup by Application
- Paper, Board and Related Products
- Building, Construction, Civil Engineering, Craftsmen
- Woodworking and Joinery
- Transportation
- Footwear and Leather
- Consumer/DIY
- Assembly Operations
Market Breakup by Product Type
- Silicones
- Acrylic
- Butyls
- Polysulphides
- Polyurethanes
- Consumer/DIY
- Assembly
- Transportation
- Germany
- France
- United Kingdom
- Saudi Arabia
- UAE
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the EMEA sealants and adhesives market. Some of the major players explored in the report by Expert Market Research are as follows:
- Arkema Inc.
- Henkel AG & Company, KGaA
- Sika AG
- Evonik Chemicals Limited
- Akkim Construction Chemicals Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
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