Ceresana Research has released a new report that provides forecasts on risks and opportunities of the adhesive market in Europe till 2017.
The report includes growth of adhesives market, overview of demand for adhesives in European countries, detailed analysis on the broad range of adhesives and its applications in various sectors. In addition, it comprises profiles of 199 adhesive manufacturers from 28 European countries.
Many industrial sectors start using adhesives, which play a significant role in the European markets. Major sectors that use adhesives are packaging, construction, and paper. Adhesives also find applications in other fields, including automotive, medical, leather, toys, shoes, wood processing, and textiles.
The demand for adhesives is rising in the construction market and is attributed to new infrastructure and renovation projects. The latest trend is to improve energy efficiency and reduce CO2 emissions. Also, environmentally friendly adhesives such as acrylate adhesives, epoxy resin adhesives, and radiation curing adhesives are gaining importance in automotive, aircraft, and electronics industries.
Revenue from the European adhesives market is expected to grow to 8.25 billion euro by 2017. The demand for adhesives is nearly 18.5% in Germany and is also rising in Finland and Sweden. The growth rates are high in Turkey, Poland, and Russia.