France Adhesives Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

France Adhesives Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The France Adhesives Market is projected to register a CAGR of 6.42%

Key Highlights

• Largest Segment by End User Industry - Packaging : In France, packaging is the dominant end-user industry owing to the wide range of adhesive applications, including labels, tapes, carton sealing and joining, and laminating.
• Fastest-growing Segment by End User Industry - Aerospace : The aerospace industry is the fastest-growing end-user industry in the French adhesives market, owing to its rising demand for lightweight and high-strength components to substitute traditional aircraft joints.
• Largest Segment by Technology - Water-borne : Water-borne technology, an environmentally friendly and economically viable solution, has obtained a major share of the market due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.
• Largest Segment by Resin - Acrylic : Acrylic-based adhesives hold a significant market share owing to their pressure-sensitive applications in packaging, construction, and healthcare end-user industries.

Key Market TrendsPackaging is the largest segment by End User Industry.

• In France, end-user industries, like packaging, healthcare, construction, share the highest market share in the adhesives market. Flexible packaging experienced substantial growth in France. As cheap and lightweight packaging gains popularity in France, it encourages manufacturers to use flexible packaging for different products.
• Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper & cardboard packaging applications. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength which is required in these applications. It is seen that nearly 87 thousand tons of water-borne adhesives are consumed in the packaging industry of the country during 2021.
• In France, construction adhesives are also widely used. The European Commission launched the 'Next Generation EU Recovery Plan', in which a major chunk of funds is allocated for the construction of buildings that are energy efficient and have a lesser carbon footprint. This is expected to lead to the construction of newer buildings and the renovation of older buildings. The construction sector in France is expected to register a CAGR of 6.65%, which is expected to lead to an increase in the demand for adhesives in the forecast period.
• Healthcare expenditure in France is much higher compared to its neighboring countries. The average health expenditure in Europe is USD 3,858 per capita, whereas, in France, it is USD 4,491 per capita, as per the data provided by the World Bank in 2019. However, the medical device market reached USD 43 billion by 2021 due to a rapid increase in demand with the adoption of new technologies. This is likely to drive the market for adhesives in the country.

Competitive Landscape

The France Adhesives Market is moderately consolidated, with the top five companies occupying 49.16%. The major players in this market are 3M, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).

Additional Benefits:

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

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