Europe Composite Adhesive Market Size & Outlook, 2023-2030
Europe composite adhesive market, 2018-2030 (US$M)
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Europe composite adhesive market highlights
- The Europe composite adhesive market generated a revenue of USD 882.5 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 882.5 million |
| Market revenue in 2030 | USD 1,166.5 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Epoxy, Polyurethane, Cyanoacrylate, Other Products |
| Key market players worldwide | 3M Co, Arkema SA, Dow Inc, Henkel AG & Co KGaA, H.B. Fuller Co, Huntsman Corp, Illinois Tool Works Inc, Parker Hannifin Corp, Sika AG |
Other key industry trends
- In terms of revenue, Europe region accounted for 24.4% of the global composite adhesive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,135.8 million by 2030.
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Composite Adhesive Market Scope
Composite Adhesive Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe composite adhesive 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 composite adhesive market will help companies and investors design strategic landscapes.
Epoxy was the largest segment with a revenue share of 35.17% in 2023. Horizon Databook has segmented the Europe composite adhesive market based on acrylic, epoxy, polyurethane, cyanoacrylate, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The European composite adhesive market is dominated by major countries such as Germany, the UK, and France. The focus on reducing CO2 emissions in Europe by the implementation of Euro 6d emission standards is presenting strong growth potential for lightweight materials in the region. Low vehicle weight has a direct correlation with fuel efficiency and CO2 emissions.
In Europe, manufacturers must pay an additional emission premium for excess CO2 emissions from their fleets. The motive behind the financial penalty is to curb the rising CO2 emissions. Emphasis on lightweight materials is anticipated to augment the demand for composite materials and consequently benefit the demand for adhesives over the coming years.
In February 2022, the Netherlands-based Venturi Aviation partnered with the Netherlands-based Airborne, a company engaged in offering solutions for advanced composites, for using lightweight composite structures for an all-electric commuter aircraft, Echelon 01. Such innovations are expected to propel the use of lightweight composite materials and eventually propel the demand for adhesives over the forecast period.
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Our clientele includes a mix of composite adhesive market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe composite adhesive market , including forecasts for subscribers. This continent databook contains high-level insights into Europe composite adhesive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe composite adhesive market outlook size, by country, 2018-2030 (US$M)
Europe Composite Adhesive Market Outlook Share, 2023 & 2030 (US$M)
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