Europe Construction Adhesives & Sealants - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts 2017 - 2028

Government policies and initiatives to support the growth of construction adhesives and sealants in Europe

• The construction industry requires adhesives and sealants for purposes such as carpet layering, flooring, timber, prefabricated panels joining, wall covering, weather-sealing, and roofing. The construction industry is expected to record a 6.1% CAGR in 2022-2024 in Western Europe and a 6.4% CAGR in 2022-2024 in Central and Eastern Europe, per the EURO CONSTRUCT report. This is expected to increase demand for construction adhesives and sealants in the forecast period.
• The European Commission has framed policies to transit the residential infrastructure to energy-efficient and digital resource performance with frameworks such as the Energy Efficiency Directive and Energy Performance of Buildings. These initiatives will require the renovation of existing buildings, leading to an increase in demand for adhesives and sealants required for construction in the forecast period 2022-2028.
• The fasteners used in the construction industry for different applications, such as roofing, flooring, and window fitting, are prone to failures that can be prevented with good strength holding construction adhesives and sealants. With the development of efficient resource planning in construction, the demand for construction adhesives and sealants is expected to increase in the period 2022-2028.
• Acrylic resin accounted for the maximum share of the European construction adhesives and sealants market value share as of 2021 because of its wide usage as an adhesive for mechanical joining and with different substrates and as a sealant for materials prone to shrinkage. These applications make them widely used in the construction industry, and their demand is expected to grow over the forecast period.

Rising construction output from Ireland, Spain, and Slovakia to raise the demand for construction adhesives and sealants

• In 2020, the overall decline in construction output by 4.4% was due to the COVID-19 pandemic spreading across Europe, which led to nationwide lockdowns, supply chain disruptions, mandatory social distancing regulations, etc. These factors led to declining demand for adhesives and sealants required for construction in 2020. The decline was maximum for the Rest of Europe regional segment because of the huge recessions in countries such as Slovakia, which recorded a 16.8% Y-o-Y decline in its construction output.
• The demand for construction adhesives and sealants increased tremendously in 2021 because of the EU Commission's recovery plan for an overall economic slowdown due to COVID-19 in 2020 such as Next Generation EU, in which the maximum fund allocation was done for the construction sector to make European buildings environmentally benign with decreased wastage of resources. The overall growth in demand for construction adhesives and sealants was highest in 2021 for the Rest of Europe segment because of Nordic countries, such as Denmark, which registered a growth of 17.8% Y-o-Y in construction output.
• The value share in the European construction adhesives and sealants market is highest for the Rest of Europe segment, which accounts for nearly half of the share because the overall construction output from countries such as Ireland is expected to grow by 15.1%, followed by Spain with 14.3%, and Slovakia with 13.5%, as published in a report by EURO CONSTRUCT in 2021.

Europe Construction Adhesives & Sealants Market Trends

Rapid growth of new construction along with rising need for renovation activities will drive the industry

• The overall revenue of construction showed a steep decrement in 2020 because of the impact of the pandemic situation due to COVID-19, which led to an overall recovery slowdown and social distancing measures on work sites.
• The overall revenue of the construction sector in Europe grew tremendously, with the highest year-on-year growth in 2021 compared to that of 2020 because of the initiatives and measures taken by the EU Commission, such as the infusion of EUR 750 billion for all sectors under the COVID recovery plan named Next Generation EU. Under the Next Generation EU plan, the construction sector received the maximum investment because of the European objective of green and digital transition in buildings which led to growth in the annual renovation rate of existing buildings and structures.
• As per the EUROCONSTRUCT report, among the segments of the European Union based on political geography, Central and Eastern Europe are expected to register a CAGR of 6.4%, followed by Western Europe at a CAGR of 6.1% in 2022-2024.
• The policymakers at European Union and national level are prioritizing the construction of new buildings and conversion of existing buildings to be energy efficient through various policies including Energy Performance of Buildings Directive and others. These policies will lead to an increase in overall revenue for construction in the forecast period.

Europe Construction Adhesives & Sealants Industry Overview

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