Ceresana Research Analyzes Adhesives Market
KONSTANZ, Germany – Ceresana Research has released a new report analyzing the European adhesives market. According to the report, Germany accounts for about 18.5 percent 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. Ceresana Research expects that European adhesives revenue will rise to EUR 8.25 billion by 2017. In Western Europe, the demand for adhesives is especially growing in Germany, Finland and Sweden.
Paper, packaging and the construction industry are the most important fields of application. New construction and publicly financed infrastructure projects play an essential role in 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. One ongoing trend is the enhancement of energy efficiency and a reduction in CO2 emissions. Additionally, adhesives are 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 percent to 3.8 percent. 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 used in aircraft construction. Radiation-curing adhesives are expected to record considerable growth in the electrical and electronics industry. In general, environmentally friendly adhesives are gaining importance.
The study gives an overview of the different types of adhesives and offers an analysis of the adhesive market in 31 European countries. For additional information, visit www.ceresana.com/en/market-studies/industry/adhesives/.