Europe Polyurethane (PU) Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Polyurethane (PU) Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe polyurethane (PU) adhesives market is expected to grow at a CAGR of more than 3% during the forecast period. The demand for PU adhesives is widely driven by the reviving construction activities in the region and increased application in automotive and aerospace industry. However, stringent VOC emission regulations may affect the growth of the studied market.

Key Highlights

• Among technology, solvent-based stands to be the largest segment as it is extensively preferred for numerous industrial and construction applications.
• Replacement of solvent-borne adhesives in construction industry and shifting focus towards the bio-based adhesives are likely to offer opportunities for the PU adhesives market in the region.
• Germany stands to be the largest market for PU adhesives in the region, with consumption being majorly driven by the growing demand from end-user industries, such as packaging, construction, woodworking and electrical and electronics.

Key Market TrendsBuilding and Construction Industry to Drive the Market

• Among end-user industries, building and construction segment dominates the consumption of PU adhesives in the region.
• PU adhesives have rapid curing and low strength properties, making it an excellent choice for woodworking and other construction applications. They provide high strength required to hold construction materials together.
• Besides, this material is versatile, when it comes to product assembly adhesives. It suits plastics, glass, PVFs, aluminum, stainless steel, and other metals, regardless of the toughness of bond substrates.
• In Europe, countries such as Germany, United Kingdom, Italy, Spain and Russia have been witnessing growth in construction sector, and while this trend is likely to persist over the next two years, the consumption of PU adhesives from construction industry is likely to increase further.

Germany to Dominate the Market Demand

• Germany dominate the consumption of polyurethane (PU) adhesives in the region, where the industries, such as construction, electrical and electronics, packaging and automotive and aerospace industry are likely to drive the consumption of PU adhesives.
• In Europe, countries such as Germany, United Kingdom, Italy, Spain and Russia have been witnessing growth in construction sector, and while this trend is likely to persist over the next two years, the consumption of PU adhesives from construction industry is likely to increase further.
• Germany has the largest construction industry in Europe. The non-residential and commercial buildings in the country are expected to witness significant growth prospects in the coming years. The growth is supported by lower interest rates, increase in real disposable incomes, and numerous investments by the EU and German governments.
• The German electronic industry is the Europe’s biggest and the fifth-largest industry, worldwide. The electronic industry also invests heavily on innovation and development of consumer electronics and medical devices, which is further likely to increase opportunities for PU adhesives market in the years to come.
• However, the automotive industry has been experiencing slowdown, which is expected to negatively affect the consumption of PU adhesives in the sector.

Competitive Landscape

Europe polyurethane (PU) adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, Dow, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

IBM Corporation
Oracle Corporation
Internap Corporation
Packet Inc. (An Equinix Inc. Company)
Scaleway Inc.
Amazon Web Services Inc
Rackspace Inc.
CenturyLink, Inc.
LightEdge Solutions, Inc

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