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United Kingdom Adhesives - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2028

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  • 214 Pages
  • February 2024
  • Region: United Kingdom
  • Mordor Intelligence
  • ID: 5716974
UP TO OFF until Mar 31st 2024
The United Kingdom Adhesives Market size is estimated at USD 1.69 billion in 2024, and is expected to reach USD 2.13 billion by 2028, growing at a CAGR of 5.96% during the forecast period (2024-2028).

Increasing investments in healthcare to augment the demand for adhesives

  • Adhesives play an important role in bonding and joining various substrates that are used across industries. These adhesives help manufacturers to lower the weight of their components and assemblies, to form the joints quickly, easily, and accurately. The COVID-19 outbreak impacted the country in 2020, which reduced consumption by 10.57% compared to 2019.
  • Packaging is the largest consumer of adhesives, as it required 144,451 tons of adhesives in 2021, which was 6% more than in 2020. Flexible packaging has experienced substantial growth in the United Kingdom. As cheap and lightweight packaging is gaining popularity in the United Kingdom, it is encouraging manufacturers to use flexible packaging for different products. Hence, these factors are responsible for the market's growth.
  • Healthcare is also one of the major industries where adhesives are consumed in the country. The largest purchaser of medical products in the United Kingdom is the National Health Service (NHS). The National Health Service (NHS) spends approximately USD 25 billion annually on medical goods and services. NHS England serves 84% of the population. The increasing investments in healthcare by the country are estimated to drive the demand for adhesives during the forecast period.
  • The United Kingdom is the 4th-largest European country, holding about 7.8% of shares in 2021. Acrylic and polyurethane adhesives are the potential types of adhesives consumed across several end-user industries, including construction, automotive, and healthcare. Among all resin-based adhesives, acrylic adhesives held about 29% of the overall UK adhesives market share in 2021, followed by polyurethane and EVA. The UK epoxy adhesives market is expected to record a CAGR of 7.08% from 2022-2028.

United Kingdom Adhesives Market Trends

With the advancement in plastic recyclability and demand for food and beverage industry, plastic packaging to lead the packaging industry

  • Due to the COVID-19 pandemic, the country-wide lockdowns and temporary shutdown of manufacturing facilities caused several issues, including supply chain and import and export trade disruptions. As a result, the country's packaging production declined by 3% in 2020 compared to the previous year, significantly affecting the market.
  • However, as a result of the pandemic, consumption patterns have changed, more people started shopping online, and packaging has become much more significant. The United Kingdom has the most advanced e-commerce market and is the fourth largest in the world, which will drive the packaging production market. When it comes to internet shopping, the United Kingdom is the most popular market in Europe. The UK's e-commerce industry generated GBP 129 billion in revenue in 2021, more than triple the revenue generated by UK e-commerce in 2015, and it was around 15% higher than the GBP 112.7 billion in 2020.
  • The demand for corrugated board packaging increases with the increase in online shopping. The corrugated box is one of the main subsectors of corrugated packaging. It makes up over 30% of all packaging in the United Kingdom.
  • Packaging production is majorly driven by plastics in the country, accounting for around 77% of the packaging produced in 2021. Around 44.3% of plastics produced were consumed by packaging in the United Kingdom. With the advancement of plastic recyclability, the plastic production segment is likely to register the fastest growth rate of around 3.37% CAGR during the projected period.
  • Therefore all the abovementioned factors will further thrive the packaging demand in the coming years in the country.

In addition to eco-friendly transportation by 2030, electric vehicle registrations growth is likely to propel the automotive production

  • The UK automotive industry is a vital part of the UK economy, worth more than EUR 60.2 billion in turnover and adding EUR 11.9 billion value to the UK economy. However, in 2020, the automotive vehicle production in the country reduced by 29.5% compared to the same period in 2019, as the UK automotive sector faced some of the biggest challenges in its history while responding to the COVID-19 pandemic and repositioning for Brexit implications.
  • After contracting by 29.5% in 2020, British automotive vehicle production further declined by 4.7% in 2021, as the semiconductor shortage severely affected production. New car registrations decreased 34% Y-o-Y in September 2021, which is excepted to affect the UK sealants market in the future.
  • The United Kingdom is planning to phase out gasoline and diesel vehicles to promote the transition to more eco-friendly transportation by 2030. The country also planned an investment of over GBP 1.8 billion in infrastructure and grants to expand access to zero-emission vehicles and support a green economic recovery, thereby increasing the demand for the electric vehicles market in the country.
  • The total number of BEV, PHEV, and HEV registrations in the United Kingdom accounted for 452,527 in 2021, registering a growth rate of 58.7% Y-o-Y, compared to 285,199 registrations in 2020. Out of total registrations in 2021 (with percentage Y-o-Y change), 190,727 (76.3%) were BEVs, 114,554 (70.6%) were PHEVs, and 147,246 (34.0%) were HEVs. In 2021, BEV, PHEV, and HEV captured around 27.5% share of total car registrations in the country.
  • Therefore, all the abovementioned factors are likely to impact the market studied.

United Kingdom Adhesives Industry Overview

The United Kingdom Adhesives Market is moderately consolidated, with the top five companies occupying 46.86%. The major players in this market are Arkema Group, Beardow Adams, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

3.1 Study Assumptions & Market Definition
3.2 Scope of the Study?
3.3 Research Methodology
4.1 End User Trends
4.1.1 Aerospace
4.1.2 Automotive
4.1.3 Building and Construction
4.1.4 Footwear and Leather
4.1.5 Packaging
4.1.6 Woodworking and Joinery
4.2 Regulatory Framework
4.2.1 United Kingdom
4.3 Value Chain & Distribution Channel Analysis
5 MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
5.1 End User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building and Construction
5.1.4 Footwear and Leather
5.1.5 Healthcare
5.1.6 Packaging
5.1.7 Woodworking and Joinery
5.1.8 Other End-user Industries
5.2 Technology
5.2.1 Hot Melt
5.2.2 Reactive
5.2.3 Solvent-borne
5.2.4 UV Cured Adhesives
5.2.5 Water-borne
5.3 Resin
5.3.1 Acrylic
5.3.2 Cyanoacrylate
5.3.3 Epoxy
5.3.4 Polyurethane
5.3.5 Silicone
5.3.6 VAE/EVA
5.3.7 Other Resins
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
6.4.1 3M
6.4.2 Arkema Group
6.4.4 Beardow Adams
6.4.5 Dow
6.4.6 Follmann Chemie GmbH
6.4.7 H.B. Fuller Company
6.4.8 Henkel AG & Co. KGaA
6.4.9 Huntsman International LLC
6.4.10 Sika AG
8.1 Global Adhesives and Sealants Industry Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
8.1.3 Global Value Chain Analysis
8.1.4 Drivers, Restraints, and Opportunities
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M
  • Arkema Group
  • Beardow Adams
  • Dow
  • Follmann Chemie GmbH
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman International LLC
  • Sika AG