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Europe, Middle East and Africa Sealants and Adhesives Market to Grow at a CAGR of 2.8% between 2019-2024.

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"According to a new report by EMR titled, ‘Europe, Middle East and Africa Sealants and Adhesives Market Report and Forecast 2019-2024’, the Europe, Middle East and Africa sealants and adhesives market reached a value of USD 21.1 billion in 2018. The market is expected to grow at a CAGR of 2.8% in the forecast period of 2019-2024."

The Europe, Middle East and Africa sealants and adhesives market is majorly driven by the growing automobiles and construction sectors in the region. Due to the rising industrialisation in the Middle East, the region is witnessing rapid construction of infrastructure. In 2018, Saudi Arabia announced that they will be diversifying their economic sectors, in an attempt to shift their dependency from their conventional oil economy. Due to the financial crisis in the recent years, the country has decided to expand industries like tourism and advanced manufacturing, providing further impetus to the construction industry. With the growth in the infrastructure sector, the sealants and adhesives market is also growing. The Middle East market acts as a platform for many key players to extend their reach by expanding their product portfolios. One of the key players in the Europe, Middle East and Africa sealants and adhesives market, HB Fuller Co (NYSE: FUL), opened its new base in Dubai in 2017, due to the rising emerging market in the region and the increased demand for adhesives.

The automotive industry is another significant application sector for sealants and adhesives, which is expected to further drive the market due to the increasing production of vehicles. Europe is among the world’s largest manufacturer and exporter of automobiles. In Europe, sealants and adhesives are used to construct lighter vehicles to reduce total emissions. Germany is a significant automobile market in the region and is also one of the largest global automotive markets. Thus, the robust automobile sector in Europe is aiding the growth of sealants and adhesives market in the region. South Africa, a significant market in Africa, is an emerging economy and is also one of the major automobile producers in the region. Thus, the country’s growing automotive sector is expected to boost the sealants and adhesives market in Africa. The increased demand for specialty equipment and accessories in South Africa is also driving the market for sealants and adhesives.

Market Analysis by Type, End-Use, and Region:

  • Adhesives can broadly be divided into reactive systems, pressure sensitive, solvent-based water-based, and hot melt, among others. 
  • Reactive systems are further categorised into epoxy, polyurethane, and others. 
  • Solvent-based adhesives include vinyl acetate, PVA (Polyvinyl Acetate), and rubber, among others.
  • Pressure sensitive adhesives can be divided into acryl and rubber types, among others.
  • Acryl emulsion and vinyl acetate, among others, are the major types of water-based adhesives.
  • The hot melt category can be further categorized as EVA (Ethylene Vinyl Acetate) and rubber, among others. 
  • The major types of sealants are silicones, acrylic, butyls, polysulphides, and polyurethanes, among others.
  • The leading end-use sectors for adhesives are board and related products, building, craftsmen, construction, and civil engineering, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others.
  • Sealants find their end-uses in construction (incl. insulating glass, glazing), consumer/DIY, assembly, and transportation sectors, among others.
  • The major markets included in the Europe, Middle East and Africa region are Germany, France, the United Kingdom, Saudi Arabia, and the United Arab Emirates.

Key Findings of the Report:

  • The EMEA sealants and adhesives market is being driven by the growth of the automobile as well as construction sectors. 
  • The rapid growth of automobile industry in Africa is key driving factor.
  • The construction sector in Europe is also witnessing robust growth, thus, driving the market further.
  • The increased demand for packaged products including, packaged food, courier services, etc, has propelled the growth of the market further.
  • The renovation projects in Europe to upgrade the existing infrastructure to meet the sustainability standards is also supporting the growth of the market.
  • The growth of major end-use sectors of the materials due to the rising middle-class population is also aiding the market growth.
  • Another major market driver is the rapid urbanisation in the region, which has increased the applications of sealants and adhesives.

Key Offerings of the Report:

  • The EMR report provides a detailed historical (2014-2018) and forecast (2019-2024) markets for sealants and adhesives in Europe, Middle East and Africa.
  • The report provides a detailed analysis of the market for the periods, 2014-2018 and 2019-2024, according to end-use and regions of sealants and adhesives in Europe, Middle East and Africa.
  • It gives a detailed trade analysis, covering the major exporting and importing countries by their value and volume for 2018. 
  • It also provides a detailed insight into the regional historical (2014-2018) and forecast (2019-2024) price trends of sealants and adhesives.

The key players in this region are Henkel AG & Company, KGaA, H.B. Fuller Company, Wacker Chemie AG, Arkema Inc., Evonik Chemicals Limited, Sika AG, Saint-Gobain S.A, Akkim Construction Chemicals Inc., Dubai Adhesive Material Factory LLC, Strongbond Manufacturing (Pty) Ltd among others. The report provides a detailed insight into the latest developments of the competitive landscape of the Europe, Middle East and Africa sealants and adhesives market like plant turnarounds, market share, expansions of capacity, and mergers and acquisitions.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"EMEA Sealants and Adhesives Market: By Country: Germany, France, United Kingdom, Saudi Arabia, United Arab Emirates; By Product Type: Reactive Systems (Epoxy, Polyurethane, Others), Solvent Based (Vinyl Acetate, PVA (Polyvinyl Acetate), Rubber, Others), Pressure Sensitive (Acryl, Rubber, Others), Water Based (Acryl Emulsion, Vinyl Acetate, Others), Hot Melt (EVA (Ethylene Vinyl Acetate), Rubber, Others); Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape & Supplier Analysis"

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