Europe Automotive Adhesives Market Size & Outlook
Europe automotive adhesives market, 2018-2030 (US$M)
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Europe automotive adhesives market highlights
- The Europe automotive adhesives market generated a revenue of USD 1,848.6 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Hot Melt is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,848.6 million |
| Market revenue in 2030 | USD 3,179.2 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Hot Melt |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Hot Melt, Reactive & Others |
| Key market players worldwide | Henkel AG & Co KGaA, H.B. Fuller Co, Sika AG, Dow Inc, Arkema SA, 3M Co |
Other key industry trends
- In terms of revenue, Europe region accounted for 23.8% of the global automotive adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 423.5 million by 2030.
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Automotive Adhesives Market Scope
Automotive Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe automotive adhesives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive adhesives market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 73.1% in 2022. Horizon Databook has segmented the Europe automotive adhesives market based on water based, solvent based, hot melt, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
Europe was the second-largest revenue-generating region in the global automotive adhesives market. Automobile manufacturers in Europe are shifting to the use of plastic components as they help in the reduction of vehicle weight and improve fuel efficiency.
Furthermore, automotive plastics also provide design flexibility, durability, toughness, and high-performance at low costs and are corrosion resistant. Adhesives are generally preferred to riveting and welding for bonding plastic to plastic substrates or plastic to metal substrates. Therefore, adhesives are set to penetrate at a significant rate in automobile industry of Europe.
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Target buyers of Europe automotive adhesives market databook
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Our clientele includes a mix of automotive adhesives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe automotive adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Europe automotive adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe automotive adhesives market
Europe Automotive Adhesives Market Outlook Share, 2022 & 2030 (US$M)
Europe automotive adhesives market
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