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Glue Manufacturing in Germany - Market Research Report (2014-2029)

Veton Hoxhaj Veton Hoxhaj Frankfurt, Germany Last Updated: December 2024 WZ C20.52DE

Revenue

€2.1bn

2024

€2.1bn

Past 5-Year Growth

Profit

€XXX.Xm

Employees

5,251

Businesses

37

Wages

€XXX.Xm

Glue Manufacturing in Germany industry analysis

Adhesive manufacturers have faced economic challenges over the past five years, such as high raw material prices and inflation, which have increased production costs and squeezed profit margins as these additional costs could not be fully passed on to customers. Nevertheless, the popularity of adhesives has increased due to their wide range of applications. In the automotive sector, adhesives are crucial to production. Each vehicle contains an average of 15-18 kilograms of adhesive. Adhesives replace traditional fastening methods, increase vehicle safety and contribute to noise insulation. Digitalisation and the need for miniaturised electronic components such as printed circuit boards and microchips are also increasing demand, as they offer a cost-effective and material-friendly alternative to soldering. However, the increase in the base rate is having a negative impact on the construction industry - an important market for adhesives - as higher interest rates on loans and rising construction costs are leading to a reduction in construction projects, which in turn indirectly reduces demand for adhesives.In the current year, industry turnover is expected to fall by 0.3% to 2 billion euros. Between 2019 and 2024, it increased by an average of 3.2% per year.In the current year, industry players are likely to benefit from slightly falling energy and commodity prices, although these are at a higher level than before the war in Ukraine, which is having a negative impact on profit margins.Over the next five years, IBISWorld is forecasting an average annual increase in industry turnover of 4.6%, which is expected to reach 2.6 billion euros in 2029. Although industry players will have to incur ever higher research and development costs, investment in the development of innovations is likely to pay off as new markets can be opened up as a result.

Trends and Insights

  • Adhesives are used in many different ways in the automotive industry. On average, each car contains between 15 and 18 kilograms of adhesive. The use of adhesives instead of screws increases vehicle safety, enables stronger sound insulation and helps to better distribute vibrations and forces.
  • Reaction adhesives are the most important product segment in the industry, followed by dispersion adhesives. While adhesives containing solvents are being used less and less for environmental reasons, the demand for adhesives based on natural raw materials is growing.
  • The central region has the most companies in the industry. Adhesives manufacturers there benefit from the proximity to suppliers of chemical raw materials and a good transport infrastructure.
  • Competition in the adhesives manufacturing industry is moderate. There are only a few players active in the industry and the market is strongly characterised by large, international companies.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 3.2 % over the past five years, to reach an estimated €2.1bn in 2024.

Trends and Insights

High commodity prices and inflation put pressure on companies' earnings situation

  • Adhesives are becoming increasingly popular due to their wide range of applications.
  • Additional trends and insights available with purchase
Glue Manufacturing in Germany
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Biggest companies in the Glue Manufacturing in Germany

Company
Market Share (%)
2024
Revenue (€m)
2024
Henkel AG & Co. KGaA
481.0
BASF SE
200.8
Tesa SE
176.0

To view the market share and analysis for all 6 top companies in this industry, view purchase options.

Products & Services Segmentation

Glue Manufacturing in Germany
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Reactive adhesives, Dispersion adhesives and Solvent-based wet adhesives. Reactive adhesives is the largest segment of the Glue Manufacturing in Germany.

Trends and Insights

The growing demand for adhesives in industrial products is fuelling demand for reactive adhesives

  • Reaction adhesives are chemically curing adhesives in which the adhesive mass solidifies through a chemical reaction of the various components.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

Companies in this sector specialise in the production of adhesives. Adhesives are process materials that can bond parts through surface adhesion or adhesion forces or through their internal bonding force or cohesion forces.

What's included in this industry?

Reactive adhesivesDispersion adhesivesSolvent-based wet adhesivesHot melt adhesivesAdhesives based on natural raw materials

Companies

Henkel AG & Co. KGaABASF SETesa SE

Purchase this report to view all 6 major companies in this industry.

Related Terms

ANISOTROPISOTROPDISPERSIONEPOXIDEDISPERSING MACHINELEIMCOHESIONBASIC CHEMISTRY

Industry Code

WZ 2008

WZ 20.52 - Glue Manufacturing in Germany

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

Adhesives are used in many different ways in the automotive industry. On average, each car contains between 15 and 18 kilograms of adhesive. The use of adhesives instead of s...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

Reaction adhesives are the most important product segment in the industry, followed by dispersion adhesives. While adhesives containing solvents are being used less and less ...

In this chapter

  • Products & Services
  • Major Markets
  • International Trade

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level
  • Total imports, level and trend
  • Total exports, level and trend
  • Trade Balance

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024
  • International trade, including imports by country and exports by country

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services
  • Recent trends in import and export volumes, country of origin or destination, and expected future trends

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

The central region has the most companies in the industry. Adhesives manufacturers there benefit from the proximity to suppliers of chemical raw materials and a good transpor...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each region
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each region in 2024
  • Number and share of revenue each region accounts for in 2024
  • Number and share of wages each region accounts for in 2024
  • Number and share of employees in each region in 2024

Detailed analysis

  • Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.

Analyst insights

Competition in the adhesives manufacturing industry is moderate. There are only a few players active in the industry and the market is strongly characterised by large, intern...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

Henkel AG & Co KGaA is the largest industry player and global market leader in adhesives. Henkel Adhesive Technologies has committed to making its production climate-positive...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of Henkel AG & Co. KGaA's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of BASF SE's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of Tesa SE's performance by revenue, market share and profit margin from 2018 through 2024
  • Overview of revenue, market share and profit margin trend for 3 additional companies

Detailed analysis

  • Description and key data for Henkel AG & Co. KGaA, and factors influencing its performance in the industry
  • Description and key data for BASF SE, and factors influencing its performance in the industry
  • Description and key data for Tesa SE, and factors influencing its performance in the industry
  • Description, key data and performance trends for 3 additional companies

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

The REACH regulation is the most important regulation for the industry. The regulation prohibits the use of chemicals that are harmful to the environment and health and is as...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

The cost of materials is the biggest cost item in the industry. Adhesives manufacturers operate in a very raw material-intensive market and are therefore heavily dependent on...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the Glue Manufacturing industry in Germany in 2024?

The market size of the Glue Manufacturing industry in Germany is €2.1bn in 2024.

How many businesses are there in the Glue Manufacturing in Germany industry in 2024?

There are 37 businesses in the Glue Manufacturing industry in Germany, which has grown at a CAGR of 2.3 % between 2019 and 2024.

Has the Glue Manufacturing industry in Germany grown or declined over the past 5 years?

The market size of the Glue Manufacturing industry in Germany has been growing at a CAGR of 3.2 % between 2019 and 2024.

What is the forecast growth of the Glue Manufacturing industry in Germany over the next 5 years?

Over the next five years, the Glue Manufacturing industry in Germany is expected to grow.

What are the biggest companies in the Glue Manufacturing market in Germany?

The biggest companies operating in the Glue Manufacturing market in Germany are Henkel AG & Co. KGaA, BASF SE and Tesa SE

What does the Glue Manufacturing in Germany include?

Reactive adhesives and Dispersion adhesives are part of the Glue Manufacturing industry.

Which companies have the highest market share in the Glue Manufacturing in Germany?

The company holding the most market share in Germany is Henkel AG & Co. KGaA.

How competitive is the Glue Manufacturing industry in Germany?

The level of competition is moderate and steady in the Glue Manufacturing industry in Germany.

Related Industries

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Competitors

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Complementors

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View all industries in Germany

Methodology

How are IBISWorld reports created?

IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.

Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.

IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

What data sources do IBISWorld analysts use?

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in Germany include:

  • German Federal Statistics Office (Destatis)
  • European Statistics Office (Eurostat)
  • United Nations Comtrade

Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.

These sources include:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

How does IBISWorld forecast its data?

IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.

Learn more about our methodology and data sourcing on the Help Center.