Europe Epoxy Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe epoxy adhesives market is expected to grow at with a CAGR greater than 5% during the forecast period. One of the major factors driving the market is the growing demand for miniaturized and lightweight electronics. However, volatility in raw material prices is hindering the growth of the market studied.

• Increasing applications and rising awareness of structural adhesives is expected to provide a major growth opportunity for the market studied.
• Germany accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the end-user industries, construction industry is expected to dominate the market studied during the forecast period.

Key Market Trends

Construction Industry to Dominate the Market

• Epoxy adhesives are used in construction applications, majorly for concrete repair and anchoring purposes. They are also used in woodworking and carpentry applications to increase the strength of adhesion with wooden surfaces in constructions.
• These adhesives are commonly used to bond steel, to reinforce plates or carbon laminates, and to strengthen beams and columns. They are also used for bonding segments in bridges and viaducts, where they may completely substitute metal screws or bolts, providing an effective resistance to the constant load on the road and the different temperature ranges.
• Epoxies are exclusively used for bonding of fasteners, where they protect the fastening materials, such as bolts from stresses and corrosion, in turn strengthening the bond.
• Epoxy adhesives are widely employed in public infrastructures, such as bridges for joining precast materials. They are also used for bonding of steel reinforcement components and carbon laminates for columns and slabs. Anchoring of bolts and steel bars in concrete and joining the ends of concrete or metal pipes for sewage systems are other applications that involve the usage of epoxy adhesives.
• Hence, owing to the above-mentioned factors, construction industry is expected to dominate the market studied during the forecast period.

Germany to Dominate the Market

• Germany accounts for the highest share of the Europe Epoxy Adhesives market currently owing to the high demand from industries like Construction and Aerospace & Defense.
• Germany, with its high-class R&D infrastructure and powerful manufacturing base, is likely to continue to be a big aerospace manufacturing hub in the future. It is expected that around 30-35 thousand aircrafts will be operational within the next 20 years.
• Additionally, the electronics industry of the country is the largest in Europe. The industry manufactures more than 100,000 different types of electronic items, ranging from components to household appliances, medical equipment, etc.
• Hence, owing to the increasing demand from the above-mentioned end-user industries, Germany is likely to dominate the market.

Competitive Landscape

The Europe Epoxy adhesives market is moderately fragmented as the market share is divided among a lot of players. Some of the key players in the market include 3M, Arkema Group, H.B.Fuller Group, Henkel AG & Co. KGaA, and Sika AG, among others.

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