Germany Curing Adhesives Market Size, Share, and COVID-19 Impact Analysis, By Product (UV Cure, Moisture, and Thermal Cure), By Resin (Epoxy, Polyurethane, Acrylate, Silicone, and Others), By End-Use (Automotive, Construction, Electronics & Electrical, Woodworking, Medical, and Others), and Germany Curing Adhesives Market Insights, Industry Trend, Forecasts to 2033
Industry: Chemicals & MaterialsGermany Curing Adhesives Market Insights Forecasts to 2033
- The Germany Curing Adhesives Market Size was valued at USD 1.27 Billion in 2023.
- The Germany Curing Adhesives Market is growing at a CAGR of 4.85% from 2023 to 2033
- The Germany Curing Adhesives Market Size is expected to reach USD 2.04 Billion by 2033
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The Germany Curing Adhesives Market is anticipated to exceed USD 2.04 Billion by 2033, growing at a CAGR of 4.85% from 2023 to 2033. The growing industrial advancements, automotive sector, and growth of the construction sector are driving the Germany curing adhesives market.
Market Overview
The curing adhesives market refers to the market encompassing the demand for adhesives that require a specific process to fully solidify and achieve bonding strength. Curing adhesive is a chemical process where the adhesive transforms from a liquid or semi-solid state to a fully hardened, solid state through chemical reactions, like cross-linking of polymer chains. They are used in automobile spare parts, furniture, and textile applications for bonding various substances like glass, fiber, wood, and metals. The increasing use of high-performance bonding solutions across various sectors, such as electronics, construction, and automotive, ultimately drives market expansion. The potential end-user industries, including the medical industry, electronics, automotive, packaging, are offering lucrative market growth opportunities. Further, the inclination towards infrastructure development and increased investment are driving the market growth of curing adhesives.
Report Coverage
This research report categorizes the market for the Germany curing adhesives market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Germany curing adhesives market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Germany curing adhesives market.
Germany Curing Adhesives Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1.27 Billion |
Forecast Period: | 2023 – 2033 |
Forecast Period CAGR 2023 – 2033 : | 4.85% |
023 – 2033 Value Projection: | USD 2.04 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 115 |
Segments covered: | By Resin, By End-Use and COVID-19 Impact Analysis |
Companies covered:: | H B Fuller Company, Henkel AG & Company, KGaA, DELO Industrial Adhesives, 3M Company, Sika AG, Tosoh Corporation, and Others, key players |
Pitfalls & Challenges: | COVID-19 has the potential to impact the global market |
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Driving Factors
Germany’s growing industrial sector, particularly construction and electronics, which leads to drive the advancements in curing adhesives, is propelling the market growth. The use of curing adhesives in the automotive industry for bonding various components and assemblies for enhancing structural integrity and enabling lightweight design is driving the curing adhesives market. The growth in the construction sector, which includes increasing demand for housing and surging smart cities infrastructure, is contributing to driving the market demand.
Restraining Factors
The environmental and safety issues related to the disposal and emissions of VOC are challenging market growth. Further, the implementation of several regulations like REACH, FEICA, Department of environmental protection regulations are hindering the curing adhesive market.
Market Segmentation
The Germany curing adhesives market share is classified into product, resin, and end-use.
- The moisture segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe.
Based on the product, the Germany curing adhesives market is divided into UV cure, moisture, and thermal cure. Among these, the moisture segment dominated the market with the largest share in 2023 and is expected to grow at a significant CAGR during the projected timeframe. Moisture curing adhesives are used for woodworking applications to ensure the long life of wood and equipment in construction and manufacturing activities. The growing construction industry and automotive industry are responsible for driving the moisture segmental growth.
- The acrylate segment dominated the Germany curing adhesives market in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the resin, the Germany curing adhesives market is divided into epoxy, polyurethane, acrylate, silicone, and others. Among these, the acrylate segment dominated the Germany curing adhesives market in 2023 and is expected to grow at a significant CAGR during the forecast period. Acrylate curing adhesives possess higher bonding power, adhesion, and temperature resistance. The integration of smart technologies in consumer electronics and the expansion of Internet of Things (IoT) devices are driving the market demand.
- The automotive segment dominated the curing adhesives market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the end-use, the Germany curing adhesives market is divided into automotive, construction, electronics & electrical, woodworking, medical, and others. Among these, the automotive segment dominated the curing adhesives market with the largest market share in 2023 and is expected to grow at a significant CAGR during the forecast period. Curing adhesives are typically used in the automobile industry for bonding various materials, including plastics, rubber, metals, and glass. The widespread use of curing adhesives in the automotive sector for bonding various components, enhancing structural integrity, reducing weight, and improving fuel efficiency is driving the market expansion.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the Germany curing adhesives market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- H B Fuller Company
- Henkel AG & Company, KGaA
- DELO Industrial Adhesives
- 3M Company
- Sika AG
- Tosoh Corporation
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In April 2022, with activation on the flow, DELO has developed a process technology combining adhesive dispensing and preactivation in a single process step.
Market Segment
This study forecasts revenue at Germany, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Germany Curing Adhesives Market based on the below-mentioned segments:
Germany Curing Adhesives Market, By Product
- UV Cure
- Moisture
- Thermal Cure
Germany Curing Adhesives Market, By Resin
- Epoxy
- Polyurethane
- Acrylate
- Silicone
- Others
Germany Curing Adhesives Market, By End-Use
- Automotive
- Construction
- Electronics & Electrical
- Woodworking
- Medical
- Others
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