Analysis of the European Adhesives Market until 2024

Ceresana analyzed the market for adhesives in Europe which also includes Russia, the Caucasus, and Turkey already for the third time. A detailed report is given on vinyls, acrylics, polyurethane (PUR), elastomers, epoxy and other types of adhesives.

 

The study does not cover sealants, cement, mortar, phenolic and other formaldehyde condensates. Information regarding demand, production, import and export since 2008 are offered for the 23 individual countries - and forecasts up to 2024 in addition. The amounts are given in tonnes, the revenues both in US dollars and euros. In 2016, almost 3.2 million tonnes of adhesives were consumed in Europe. According to the latest study of Ceresana, adhesive revenues will rise worldwide by 1.9% per year until 2024.

 

Vinyl Adhesives instead of Screws

The most important type of adhesives in 2016 were vinyls reporting a volume of 1.1 million tonnes. Vinyls offer a broad range. Polyvinyl acetate (PVAC) adhesives are among the most important types. Polyvinyl alcohol (PVA), manufactured from polyvinyl acetate, is also used as an adhesive, e.g. for porous materials, such as paper, cardboard, wood, cork, and leather. Main consumers of vinyl adhesives are the paper, packaging, wood processing, and construction industries that use water borne adhesives or hot melts in particular.

 

Paper and Packaging are Most Important Application Area

The use of adhesives is analyzed for the following segments: paper and packaging, construction, wood processing, transportation, shoes and leather, consumer goods as well as other applications. The most important sales market for adhesives in 2016 was the sector paper and packaging - 29% of the total European demand were generated in this segment. The construction industry ranked second at a short distance. Its demand for adhesives is increasing considerably.

 

High Demand for Water Borne Adhesives

Market data on adhesives is also given in detail for the following individual technologies: water borne adhesives, hot melts, solvent borne adhesives, reactive adhesives, and other products. Water borne adhesives reached about 53% of total European demand in the past years. Demand for hot melts ranked second at a great distance, followed by solvent borne adhesives and reactive adhesives.


Source:http://www.ceresana.com/en/market-studies/industry/adhesives-europe/