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Sunday, 22 September 2019
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Markets & companies

Adhesives market in Europe grows annually by more than 4 %

Wednesday, 6 November 2013

The market research institute Ceresana forecasts consumption of adhesives in Europe to increase to approx. 3.5 million tonnes in 2020.

Germany will remain the largest European sales market for adhesives. France, Italy, and the United Kingdom follow at a considerable distance. Especially Russia, Poland, and Turkey will profit from increasing domestic consumption. Source:eyewave - fotolia.com
Germany will remain the largest European sales market for adhesives. France, Italy, and the United Kingdom follow at a considerable distance. Espec...

Today's world would no longer be possible without adhesives. The market research institute Ceresana forecasts in its second edition of the report "Market Study: Adhesives - Europe” consumption in Europe to increase to approx. 3.5 million tonnes in 2020. Thanks to its sound economic structure, Germany will remain the largest European sales market for adhesives. France, Italy, and the United Kingdom follow at a considerable distance. Especially Russia, Poland, and Turkey will profit from increasing domestic consumption. "We expect dynamic growth rates of up to, on average, 4.2 % p.a. for Eastern Europe in particular", explains Oliver Kutsch, CEO of Ceresana.

Differences in development following the economic crisis

Different development in individual countries is apparent in the applications of adhesives in particular. The sectors construction and automobiles were hit hardest by the effects of the crisis. In EU countries suffering from high debt, these segments will remain weakened since there is but little scope for business activity support programs. Other countries, however, will be able to support their construction sectors through investment programs.

Relocation of automotive preproduction

The automotive industry is one of the most important applications for adhesives. A clear trend can be observed in this segment: Due to better preconditions for production, upstream production processes are relocating from Western to Eastern Europe, e.g. Russia. Plants in Western Europe, however, largely remain in existence.

Paper and packaging still going strong

Despite increasing digitalization, the application area Paper and Packaging will continue to account for the largest share of adhesives demand. Packaging is becoming more important. In total, companies in the three sectors construction, automobiles, and paper / packaging are responsible for about two thirds of European demand for adhesives.

Changes in technology

The tendency in production processes is shifting towards solvent-free environment-friendly adhesives, as they are becoming more popular. This process is more advanced in Western Europe, but Eastern Europe is also increasingly utilizing alternative products due to their trade connections.

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