EMEA Sealants and Adhesives Market Report and Forecast 2024-2032

EMEA Sealants and Adhesives Market Outlook

The EMEA sealants and adhesives market attained a value of nearly USD 23.47 billion in 2023. The market is further expected to grow at a steady pace in the forecast period of 2024-2032, growing at a CAGR of 2.8%.

The growth of the EMEA sealants and adhesives market is being driven by the robustly rising applications sectors of sealants and adhesives. Europe, and the Middle East and Africa (MEA), together, account for nearly 40% of the market. The emerging MEA region is expected to witness a faster growth in the coming years than Europe, growing at a CAGR of 4.9% between 2024-2032, while Europe is projected to see a CAGR of 2.6% in the same period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Germany and France are the major regional markets in Europe. The robustly growing silicones industry in the two countries is aiding the market in the region. Germany is also a major manufacturing hub for automobiles, which is a major end-use sector for both sealants and adhesives. The country is not just a leading automotive market in Europe but is also a significant global market. The industry in the country saw a growth of nearly 3% in 2018, as compared to the previous year. It is estimated to see further healthy growth in 2020. The automobiles market in Germany is also being propelled forward by the rising demand from its neighbouring country, Poland. The sealants and adhesives industry in Europe is used to build lighter vehicles with an aim of reducing the overall emissions. The growth of the e-vehicles sector on the continent is also aiding the market growth.

Saudi Arabia is the leading market for sealants and adhesives in the Middle East and Africa. The industry in the country is being aided by the increasing investments into the country’s construction sector as the kingdom attempts to move away from its dependency on petrodollars. Saudi Arabia is currently seeking USD 425 billion in investments into its infrastructure industry as part of Crown Prince HRH Mohammed Bin Salman’s Vision 2030 programme. These expected investments are projected to drive the growth of the sealants and adhesives industry in the coming five years. The United Arab Emirates is also a major market for sealants and adhesives, and together with Saudi Arabia, accounts for over 45% of the industry in the Middle East.

Properties and Applications

Sealants seal the gaps between the surfaces and the joints in a structure to prevent it from damage from factors such as rain, water, dust, chemicals, or dirt. They are flexible and have low shrinkage abilities. Their paste-like consistency helps them fill the gaps between substrates and the joints. The major types of sealants available in the market are:

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

• Silicones
• Acrylic
• Butyls
• Polysulphides
• Polyurethanes
• Others

They find their major uses in sectors like construction, consumer and DIY, transportation, and assembly, among others.

Adhesives are usually liquid in form and are utilised to join two surfaces together by adhesion. They are stronger than sealants and are more durable. The major types of adhesives are reactive system, solvent-based, pressure-sensitive, water-based, and hot melts, among others. Reactive systems can be further subdivided into epoxy, polyurethane, and others while vinyl acetate, PVA, and rubber, among others are the sub-categories of solvent-based adhesives. The types of water-based adhesives available in the market are acryl and vinyl emulsions, among others, while acryl and rubber are the types of pressure-sensitive adhesives. EVA (Ethylene Vinyl Acetate) and rubber are the types of hot melts that are commonly available in the market. Adhesive find their common applications in:

• Paper, Board and Related Products
• Building, Construction, Civil Engineering, and Craftsmen
• Woodworking and Joinery
• Transportation
• Footwear and Leather
• Consumer/DIY
• Assembly Operations
• Others

The EMR report also analyses the major regional markets in the EMEA region like Germany, France, Saudi Arabia, and the UAE.

Market Analysis

The EMEA sealants and adhesives market is being aided by the growth of the transportation and construction industry. While Europe is a major hub for automotive manufacturing, African countries like Egypt, Algeria, and Morocco, too, are witnessing a robust growth in their emerging automotive industries. The construction industry in Europe is also furthering the sealants and adhesives industry. A healthy economic growth and a low-interest rate are propelling the construction industry. While in the more mature markets of Europe, construction projects are mainly focussed on renovation, especially updating building infrastructure to comply with environmental standards, new infrastructural development is driving the market in the emerging economies of Eastern Europe.

The rising population and increased immigration in the region is also driving the EMEA sealants and adhesives market, by aiding the growth of major end-use sectors of the materials. Rapid urbanisation is also a major contributing factor for the industry’s growth in EMEA. Packaging industry is also emerging as a major end use sector for the industry. It is finding impetus for its growth in the rising consumption of packaged foods like RTD beverages and RTE foods. The robust cosmetics industry, with an increase in the consumption of premium products, is also aiding the packaging sector in the region, leading to a growth of its EMEA sealants and adhesives market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Competitive Landscape

The report gives a detailed analysis of the key players in the EMEA sealants and adhesives market, looking into their capacity, market share, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Arkema Inc.
• Henkel AG & Company, KGaA
• Sika AG 
• Evonik Chemicals Limited
• Akkim Construction Chemicals Inc.
• H.B. Fuller Company
• Wacker Chemie AG
• Saint-Gobain S.A
• Dubai Adhesive Material Factory LLC
• Strongbond Manufacturing (Pty) Ltd
• Others

The EMR report gives an in-depth insight into the manufacturing process of sealants and adhesives and provides an analysis of the costs involved. The comprehensive report gives a detailed overview of the other regional markets like Latin America, Asia Pacific, and North America. An assessment of the EMEA sealants and adhesives market based on the Porter’s Five Forces model along with a SWOT analysis has also been provided.

Key Highlights of the Report