European Adhesive Market Study Released
Ceresana Research has released an overview of the different types of adhesives available and analyzed the adhesive market in 31 European countries. The report examines the most important fields of application individually, such as wood processing, the automotive industry, and shoes and leather, as well as technical textiles, sports articles, toys, and medical applications.
An index of manufacturers provides 199 profiles of adhesive producers from 28 countries. The report, available in English or German, forecasts market opportunities and risks until 2017. “Adhesive bonding has become a key technology in many industrial sectors,” said Oliver Kutsch, CEO of Ceresana Research.
Germany accounts for about 18.5% of all demand for adhesives in Europe, followed by France, Italy and the UK. However, the highest growth rates are seen in Russia, Poland and Turkey. European adhesives’ revenue is expected to rise to €8.25 billion (~ $11.4 billion) by 2017. In Western Europe, the demand for adhesives is growing markedly in Germany, Finland and Sweden.
Paper, packaging, and the construction industry are the most important fields of application. New constructions and publicly financed infrastructure projects play an essential role for the demand for adhesives in the construction industry. Due to EU subsidies, this effect can be felt more clearly in Eastern than in Western Europe. An ongoing trend is the enhancement of energy efficiency and a reduction in the CO2 emissions, making adhesives increasingly needed for the renovation of buildings.
Ceresana Research anticipates that the demand for adhesives in medical engineering and the automobile and electronics industry will see growth rates of 2.7-3.8%. Manufacturers of acrylate adhesives, which are needed for cars and rail vehicles, are profiting from the industry’s good economic development. The same applies to epoxy resin adhesives that are additionally used in aircraft construction. Radiation-cure adhesives are expected to record considerable growth in the electrical and electronics industry. In general, environmentally friendly adhesives are gaining importance.
For more information, visit www.ceresana.com.
An index of manufacturers provides 199 profiles of adhesive producers from 28 countries. The report, available in English or German, forecasts market opportunities and risks until 2017. “Adhesive bonding has become a key technology in many industrial sectors,” said Oliver Kutsch, CEO of Ceresana Research.
Germany accounts for about 18.5% of all demand for adhesives in Europe, followed by France, Italy and the UK. However, the highest growth rates are seen in Russia, Poland and Turkey. European adhesives’ revenue is expected to rise to €8.25 billion (~ $11.4 billion) by 2017. In Western Europe, the demand for adhesives is growing markedly in Germany, Finland and Sweden.
Paper, packaging, and the construction industry are the most important fields of application. New constructions and publicly financed infrastructure projects play an essential role for the demand for adhesives in the construction industry. Due to EU subsidies, this effect can be felt more clearly in Eastern than in Western Europe. An ongoing trend is the enhancement of energy efficiency and a reduction in the CO2 emissions, making adhesives increasingly needed for the renovation of buildings.
Ceresana Research anticipates that the demand for adhesives in medical engineering and the automobile and electronics industry will see growth rates of 2.7-3.8%. Manufacturers of acrylate adhesives, which are needed for cars and rail vehicles, are profiting from the industry’s good economic development. The same applies to epoxy resin adhesives that are additionally used in aircraft construction. Radiation-cure adhesives are expected to record considerable growth in the electrical and electronics industry. In general, environmentally friendly adhesives are gaining importance.
For more information, visit www.ceresana.com.
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