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

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

Europe acrylic adhesives market is expected to grow at a CAGR of over 3% during the forecast period. The demand for acrylic adhesives is widely driven by the recovery of construction activities in the region and high demand from packaging industry due to high dependency on processed and packaged food products. However, stringent VOC emission regulations related to acrylic adhesives disposal and/or substitution from different feedstock may hinder the growth of the studied market.

Key Highlights

• The water-based acrylic adhesives segment is expected to be the fastest growing segment, owing to the increasing consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.
• Replacement of solvent-borne adhesives in construction industry and shifting focus towards the bio-based adhesives are likely to offer opportunities for the acrylic adhesives market in the region.
• Germany stands to be the largest market for acrylic adhesives in the region, with consumption being majorly driven by the growth in construction, electronics, and packaging industries.

Key Market TrendsPackaging Industry to Drive the Market Demand

• The packaging industry dominates the consumption of acrylic adhesives, as they are widely useful in the manufacturing of various products, such as tapes, cases, labels, and cartons.
• In Europe, countries are highly dependent on processed and packaged food for meeting their needs, owing to which the region contributes significantly in the consumption of acrylic adhesives.
• However, obesity, digestion and imbalanced diet are some of the major concerns, owing to which the population has started avoiding processed food and are drifting towards vegan diet. This trend may affect the studied market in the next one decade, while having limited impact over the forecast period.
• Further, growing e-commerce, online food deliveries, and innovation and development related to product packaging have been influencing the demand for packaging materials in the region.
• Hence, all such trends have been influencing the demand for packaging materials, further driving the consumption of acrylic adhesives in the European packaging industry.

Germany to Dominate the Market

• Germany dominate the consumption of acrylic adhesives in the region, with the largest food processing industry in the region.
• Further, the retail sector in the country is expected to record notable growth due to continuously increasing online grocery orders in the country.
• Moreover, Germany has introduced a new Packaging Act, which is driving the industry toward eco-friendly packaging practices.
• Hence, all such aforementioned factors are expected to drive the consumption of acrylic adhesives in the country for packaging applications.
• 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 acrylic adhesives market in the years to come.
• However, the automotive sector has been experiencing slowdown, which is expected to negatively affect the consumption of acrylic adhesives.

Competitive Landscape

Europe acrylic adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, Sika AG, 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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