Europe Cyanoacrylate Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

Europe Cyanoacrylate Adhesives Market Trends

Supportive government initiatives to promote electric vehicles will raise the industry size

• Europe has a GDP of 34,230 USD per capita with a growth rate of 1.6% y-o-y in 2022. The automotive industry sector contributes a percentage of around 2% of the total GDP. The European vehicle production comprises 81% passenger vehicles, 17% commercial vehicles, and 2% other vehicles in 2021.
• In 2020, many European countries were affected by the COVID-19 pandemic, including Germany, Italy, Spain, Russia, and the United Kingdom. The pandemic resulted in supply chain disruptions, lockdowns in the countries, and chip shortages which affected automotive production in Europe. The production of vehicles sharply declined by 22% compared to 2019.
• The United States imports 25.3% worth of cars from Europe and became one of the leading importers of the United States, where Germany accounted for 10.3% and the United Kingdom for 4.7% of total imports of vehicles in the country in 2021. At the beginning of 2022, the sale of the new vehicle dropped by 20.5% due to the invasion of Ukraine by Russia, which reflected in vehicle production as well. In the first quarter of 2022, the European automotive market was down by 10.6% compared to the same period last year.
• Vehicle production is likely to grow with a CAGR of 2.25% during the period (2022 to 2027) due to the new investments being made in electric vehicles by many European countries. For instance, Spain is going to invest USD 5.1 billion in electric vehicle production.  

Rising demand for aesthetic and smart furniture to aid the industry growth

• Europe is one of the largest producers of furniture in the world. The region contributes nearly 30% of global furniture production after the Asia-Pacific region. Germany, Italy, Russia, and Spain are the top producers of furniture and its products. However, the region was impacted by the COVID-19 outbreak in 2020, which resulted in the shutdown of production facilities in several countries. This has reduced their furniture production by 7.14% compared to the previous year.
• Germany is the largest producer of Furniture units in Europe. The country produced nearly 323.6 million units in 2021, which is 23% of Europe's furniture production. German retailers have started offering 3D product visualizations or augmented reality apps which are boosting the demand for furniture products through e-commerce portals in the country.
• Italy is another major producer of furniture and its products in Europe, and the country is popular for Italian Furniture. The country holds 15% of Europe's furniture production. The country's furniture exports recorded a constant growth rate, which was about 2.7% in 2018 and 3% in 2019. The technological advancement in the woodworking and joinery industry of Italy is adopted worldwide.
• Europe is a leader in the high-end segment of the furniture market. It is said that nearly two out of every three high-end furniture products sold in the world are produced in the European Union. The furniture manufacturers in Europe are using eco-friendly materials such as pine wood, oak wood, beech wood, and a few others for production, which is gaining demand in the region. These factors will raise furniture production in the coming years in Europe.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: End User Industry

Healthcare Segment in Europe Cyanoacrylate Adhesives Market

The healthcare segment dominates the Europe cyanoacrylate adhesives market, accounting for approximately 33% of the total market value in 2024. This significant market share is attributed to the extensive use of cyanoacrylate adhesives in medical device manufacturing, tissue adhesives, dental adhesives, surgical applications, and various healthcare equipment assembly processes. Europe's robust healthcare infrastructure, with over 33,000 companies operating in the medical technology sector and employing more than 760,000 people, drives the consistent demand for medical-grade adhesives. The segment's dominance is further strengthened by stringent quality standards such as EUDAMED and ISO 10993 biocompatibility standards, which necessitate the use of high-quality adhesives in medical applications.

Aerospace Segment in Europe Cyanoacrylate Adhesives Market

The aerospace segment is emerging as the fastest-growing sector in the Europe cyanoacrylate adhesives market, projected to expand at approximately 7% CAGR during 2024-2029. This robust growth is driven by the increasing adoption of lightweight materials in aircraft manufacturing, growing demand for fuel-efficient aircraft, and a rising focus on sustainable aviation solutions. The segment's growth is further supported by major aerospace manufacturers increasing their production capacities, with companies like Airbus planning to increase production from 40 aircraft per month to 64 per month by 2024. The implementation of stricter environmental regulations and the industry's commitment to reducing carbon emissions by 2050 is also driving the demand for advanced aerospace adhesives solutions in aerospace applications.

Remaining Segments in End User Industry

The European cyanoacrylate adhesives market encompasses several other significant segments, including automotive, woodworking and joinery, building and construction, and footwear and leather industries. The woodworking and joinery sector maintains a strong presence due to Europe's established furniture manufacturing base. The automotive segment continues to be crucial, particularly with the growing emphasis on electric vehicle production. The building and construction sector's demand is driven by renovation projects and energy-efficient building initiatives, while the footwear and leather industry, though smaller, maintains steady demand, particularly in countries like Italy, Spain, and Portugal. Each of these segments contributes uniquely to the market's dynamics, influenced by factors such as technological advancements, sustainability requirements, and changing consumer preferences. The role of industrial bonding and consumer adhesives is pivotal in these diverse applications, ensuring strong and durable connections.

Segment Analysis: Technology

Reactive Segment in Europe Cyanoacrylate Adhesives Market

The reactive technology segment dominates the European cyanoacrylate adhesives market, holding approximately 77% of the market share in 2024. This significant market position is attributed to reactive cyanoacrylate adhesives' versatility and widespread application across various industries, including woodworking and joinery, automotive, healthcare, and building and construction. These adhesives are particularly valued for their ability to cure at room temperature with an optimum relative humidity of 40-60%, making them ideal for diverse industrial applications. The segment's strength is further reinforced by its extensive use in automotive applications, where it is crucial for sunroof sealing, body side moldings, wire harnesses, and hand brake covers, forming strong joints with a tensile strength of 30 N/mm2. The reactive technology's ability to automatically cure upon contact with moisture present in the surroundings has made it the preferred choice for manufacturers seeking efficient and reliable bonding solutions.

UV Cured Segment in Europe Cyanoacrylate Adhesives Market

The UV cured adhesives segment is emerging as the fastest-growing technology in the European cyanoacrylate adhesives market, with an expected growth rate of approximately 6% during 2024-2029. This growth is primarily driven by the segment's unique advantages, including instant curing when exposed to UV light and its 100% reactive nature, resulting in zero volatile losses during the curing process. The technology has gained significant traction in high-precision industries such as aerospace and healthcare, where its non-polluting characteristics and precise application capabilities are highly valued. The segment's growth is particularly strong in Germany's healthcare sector, where UV cure cyanoacrylates account for about 92% of total UV cure applications. The increasing adoption in aerospace applications, where these adhesives serve as excellent solutions for interior trim damage and component retention, further supports the segment's robust growth trajectory.

Europe Cyanoacrylate Adhesives Market Geography Segment Analysis

Cyanoacrylate Adhesives Market in Germany

Germany dominates the European cyanoacrylate adhesives market, commanding approximately 24% of the market share in 2024. The country's leadership position is reinforced by its robust automotive and healthcare sectors, with the latter being particularly significant as the third-largest healthcare industry globally. The nation's commitment to technological innovation in manufacturing processes has been instrumental in maintaining its market dominance. German manufacturers have shown particular strength in electric vehicle production, with projections indicating they will account for a substantial portion of global electric production. This transition towards electric mobility has created increased demand for specialized automotive adhesives solutions in battery assembly and electronic component integration. The country's extensive network of over 33,000 medical technology companies has also been crucial in driving demand for high-quality medical adhesives in medical device manufacturing. Furthermore, Germany's emphasis on research and development, particularly in adhesive technologies, continues to drive innovation in the sector.

Cyanoacrylate Adhesives Market in France

France represents a dynamic growth center in the European cyanoacrylate adhesives market, with projections indicating a robust growth rate of approximately 6% from 2024 to 2029. The country's market expansion is largely driven by its thriving aerospace sector, which generates substantial revenue and exports. The French market has shown particular strength in civil and defense aerospace applications, where cyanoacrylate adhesives play a crucial role in component assembly and maintenance operations. The country's commitment to sustainable manufacturing practices has led to increased adoption of advanced industrial adhesives technologies in various industrial applications. The automotive electronics sector has emerged as a significant growth driver, with manufacturers increasingly utilizing electronics adhesives in electric vehicle production. France's strategic position in the European industrial landscape, coupled with its strong focus on technological innovation, has created a favorable environment for market expansion. The country's robust distribution networks and well-established manufacturing infrastructure continue to support market growth.

Cyanoacrylate Adhesives Market in United Kingdom

The United Kingdom maintains a strong position in the European cyanoacrylate adhesives market, supported by its significant presence in aerospace and automotive manufacturing sectors. As the second-largest aerospace sector globally after the United States, the UK's industry generates substantial demand for high-performance adhesive solutions. The country's expertise in aircraft systems, helicopters, engines, and component manufacturing has created a sophisticated market for specialized adhesive applications. The UK's focus on research and development in adhesive technologies has led to innovative applications across various industries. The nation's strong emphasis on quality standards and regulatory compliance has shaped the market dynamics, particularly in medical device manufacturing and aerospace applications. The country's established network of distribution channels and technical support services has been instrumental in maintaining market stability. Additionally, the UK's commitment to sustainable manufacturing practices has driven the adoption of advanced adhesive solutions across industrial sectors.

Cyanoacrylate Adhesives Market in Other Countries

The cyanoacrylate adhesives market across other European countries, including Italy, Spain, Russia, and various smaller markets, presents a diverse landscape of opportunities and challenges. These markets are characterized by varying levels of industrial development and specific regional demands. Italy's market is particularly strong in furniture manufacturing and automotive applications, while Spain shows significant potential in construction and automotive sectors. Russia's market is driven by its aerospace and defense industries, with growing demand in construction applications. The smaller markets across Europe demonstrate unique characteristics based on their industrial specializations, whether in electronics, medical devices, or general manufacturing. These countries benefit from the overall European regulatory framework while maintaining distinct market characteristics based on their industrial strengths. The continued integration of European manufacturing standards and increasing focus on sustainable technologies are shaping market development across these regions. The presence of both global and local manufacturers creates a competitive environment that drives innovation and market growth.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.