The industrial glues and adhesives market - France

The global adhesives and glues market is showing substantial growth, and is set to rise from a value of US$60 billion in 2021 to US$102.6 billion by 2032, with an average annual growth rate of 5%. Despite challenges such as the COVID-19 pandemic, which led to a slight downturn in business, the market is recovering, propelled by diverse applications in industries such as construction, automotive and packaging.

In particular, the French market has seen a rebound in 2021, with 17% growth in sales of glues and adhesives after a 6% drop in 2020. The number of jobs in the sector remained stable at between 2,300 and 2,550. French foreign trade saw a 24% increase in glue and adhesive imports, despite a slight drop in 2020, while exports fell by around 0.5% over the same period, making France's trade balance in deficit.

Market trends in the glues and adhesives sector

Recent analysis of the glues and adhesives market in a specific country has identified several key trends. Firstly, demand for these products is largely driven by the industries they serve, including construction, automotive and packaging. Importantly, market performance is closely linked to the health of these sectors. The construction industry, including new builds and renovations, plays an important role in demand for glues and adhesives. In particular, the maintenance-renovation segment has seen a notable increase in household spending, rising by almost 20% in a recent year, reaching a financial impact of between 55 and 60 billion euros. This rise is attributed to factors such as the increase in existing housing transactions, government subsidies encouraging energy-efficient renovations and increasingly stringent technical controls.

conversely, the new housing market is experiencing a decline in production, which has fallen by 27% in the space of 12 years. Despite this decline, the automotive maintenance and repair sectors painted a more optimistic picture. The market has grown by around 36% in ten years, with progress largely influenced by the increase in the vehicle fleet, whose average lifespan is longer than in previous years. As far as car production is concerned, a steady increase in revenues has been observed, despite a drop in actual production volume. This suggests a trend towards the purchase of high-end vehicles rather than a proliferation of cars.

By contrast, the automotive maintenance sector enjoyed a healthy growth trajectory, with an average annual increase of 3.46%. The plastic and cardboard packaging sectors are also an integral part of the glue and adhesives market. The plastic packaging market rebounded with a spectacular increase of over 15% in one year after a pandemic-induced slump, mainly due to rising raw material and energy costs. Cartonboard packaging, meanwhile, has followed an upward trajectory, suggesting a shift away from plastic due to regulatory pressures.

In terms of market structure, the industry is concentrated, with a handful of major players dominating the majority of market shares. The four largest groups hold over 60% of the market, demonstrating a high degree of concentration and possibly barriers to entry for smaller competitors. Production costs have been rising steadily, with the glue production price index showing an upward trend of around 38% in the space of a decade. This trend is probably due to soaring prices for the chemical compounds and petroleum-derived materials used in the manufacturing process.

The main players in the glues and adhesives market dominate the industrial landscape

The glues and adhesives industry, a key element in various sectors, is characterized by the presence of several major players who define market dynamics. Among these important entities, some have earned a reputation for being at the forefront of innovation and market share.

• 3M Group is undoubtedly one of the best-known conglomerates in this field, with an extensive portfolio including a variety of adhesive solutions. Renowned for its research and development prowess, 3M has distinguished itself by introducing new products that meet a wide range of industrial and consumer needs. Its contributions range from simple household adhesive solutions to sophisticated industrial bonding agents, making it an indispensable market player.
  
  
• Arkema represents French ingenuity in chemical manufacturing and is another major player in the adhesives sector. It continues to distinguish itself through a strong commitment to sustainability and the development of environmentally-friendly products, serving customers who are increasingly aware of their impact on the environment.
  
  
• Sika has consolidated its position as an international player, focusing on adhesives for construction and industry. Sika's expertise in waterproofing and bonding has enabled it to play a key role in crucial infrastructure and automotive projects, often where high performance and durability are imperative.
  
  
• Bostik, now part of Arkema, has also made a name for itself, particularly in the field of innovative smart adhesive solutions. From home repairs to industrial applications, Bostik products seal the bonds between materials with reliability and efficiency.
  
  
• While the major French and foreign chemical groups dominate the scene, there is also strategic positioning on the part of smaller manufacturers. These smaller entities often focus on high value-added sectors, such as aerospace, medical and electronics adhesives.this enables them to carve out niche markets and avoid the extreme fluctuations usually associated with more traditional markets.

All these different players, with their varied specialties and targeted approaches, create a market structure that is both diversified and consolidated. Their collective influence creates a formidable industrial base, demonstrating that the strength of the glues and adhesives market lies in the ability of its major contributors to innovate and adapt to ever-changing demands.

Inforamtion

• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 22/11/2022

Summary and extracts

List of charts

• Number of companies in the glue manufacturing sector
• Change in the number of employees in the glue manufacturing sector
• Sales index for the glue manufacturing market
• French imports of all types of glues and adhesives, packaged for retail sale as glues or adhesives
• French exports of products of all kinds for use as glues or adhesives, packaged for retail sale as glues or adhesives
• Main exporting countries of products of all kinds for use as glues or adhesives, packaged for retail sale as glues or adhesives, with destination France
• Main importing countries for glues and adhesives of all kinds, packaged for retail sale as glues or adhesives, from France
• France's trade balance in glues and adhesives of all kinds, packaged for retail sale as glues or adhesives
• Trends in the size of the adhesives market
• Number of housing units authorized and started
• Household spending on home maintenance and renovation
• Marketing new homes (sales to individuals)
• Sales - Domestic and export - Motor vehicle manufacturing (29.10z)
• Automobile production volume in France
• Change in average age of vehicle fleet at January 1
• Growth in sales (excl. VAT) in the motor vehicle maintenance and repair sector
• Evolution of the French car fleet
• Plastic packaging manufacturing trends
• Average annual industrial production of plastic packaging
• Sales index for the manufacture of corrugated paper and board and paper or board packaging
• Weight of the 4 largest groups in the glue manufacturing market
• Market share of companies in the glue manufacturing sector
• Producer price index for adhesives
• Trend in the price index for the production of plastics in primary forms