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

The Europe reactive 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 application in the construction of wind turbines. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.

• Increasing popularity of heat-resistant products 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, renewable energy industry is expected to witness the highest growth rate during the forecast period.

Key Market Trends

Renewable Energy Industry to Witness the Highest Growth Rate

• The consumption of renewable energy, especially, wind energy has been significantly increasing in Europe over the past few years.
• Wind energy offers many advantages over traditional energy sources which include: unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
• Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
• The installed wind power capacity in Europe has witnessed a significant growth in the recent years owing to the growing environmental consciousness across in the region.
• Hence, owing to the above-mentioned factors, wind turbines industry is likely to witness the highest growth rate during the forecast period.

Germany to Dominate the Market

• Germany accounts for the highest share of the Europe reactive adhesives market owing to the high demand from end-user industries like Transportation, Aerospace, and construction.
• Germany is the hub for automobile production with around 41 assembly and engine production plants. The high production of automobile results in a high demand for reactive adhesives. However, in the recent past the decline in the automotive production is expected to have a negative affect on the market studied in Germany.
• In the recent past, there has been growing demand for reactive adhesives from construction and aerospace industries.
• Hence, owing to the above-mentioned reasons, Germany is likely to dominate the Europe reactive adhesives market during the forecast period.

Competitive Landscape

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

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