Asia Pacific Adhesives Market

Asia Pacific Adhesives Market Size (2023-2028):

The Asia Pacific Adhesives Market is valued at 21.8 billion USD in 2022. the market is expected to grow at a cagr of 5.7% over the forecast period to reach a valuation of 38.2 billion USD in 2028.
Market Overview:

the adhesive is a chemical solution that connects two materials to form a single component, whereas the sealant is a semi-solid material used to avoid liquid leakage. adhesives and sealants are formulated with different chemicals and techniques and are used in a variety of applications. although they are perceived to be a single sector, their quality is distinct across end-use applications. the regulators have unique requirements and evaluation methods for each of them. adhesives have high shear and tensile strength, making the material suitable for holding-and bonding-related applications.

Market Drivers And Restraints:

adhesives have become the primary engineering aspect of automotive applications, as they are increasingly replacing conventional bonding and adhesion methods. recent advances in adhesive engineering in the area have allowed car manufacturers to produce lightweight and fuel-efficient vehicles. the Asia pacific transport industry is growing across all countries due to an increase in population, cross-border movement of goods and people, and an increase in employment. due to its large number of applications, this growth is expected to increase the adhesive market. with an increase in customer population in fast-growing economies, such as china and India, vehicle production will also rise over the years, leading to an increase in the demand for adhesives and sealants in the automotive industry. there are certain disadvantages to this sector, such as the strict environmental restrictions on voc emissions. these factors can act as a roadblock to the growth of the Asia-pacific adhesive sector.

Market Segmentation:

Asia Pacific Adhesives Market - By Technology:

• Water-borne
• Solvent-borne
• Reactive
• Hot-melts
• Others 

Asia Pacific Adhesives Market - By Product Type:

• Silicone
• Polyurerthane
• Acrylic
• Polyvinyl acetate
• Others

Asia Pacific Adhesives Market - By End-user Industry:

• Building & construction
• Paper
• Board & Packaging
• Woodworking & joinery
• Transportation
• Footwear & leather
• Healthcare
• electronics
• Others

Market Geographical Analysis:

• India
• China
• Japan
• South Korea
• Australia
• Southeast Asia
• Rest of apac

china, with an Asian-pacific adhesive & sealants market share of 52%, is an emerging economy and the highest in terms of purchasing power parity; the second-largest economy in terms of nominal gdp. almost all major global manufacturers of adhesives and sealants have their manufacturing plants in china, which is the largest manufacturing country in the world. China is also one of the biggest exporters of adhesives and sealants in many countries, as well as the largest consumer. growth in its end-user sector is also expected to increase its business. China is the largest manufacturer of automotive and electronic products, such as smartphones, oled tvs, tablets, and so on, with the highest growth in the consumer electronics market.

Market Key Players:

1. 3m Co.
2. Adhesives Research Inc.
3. Arkema Group
4. Ashland Inc.
5. Avery Dennison Corp.
6. Benson Polymers Ltd.
7. Delo Industrial Adhesives
8. Dow Chemical Co.
9. H.B. Fuller Co.
10. Franklin Guangzhou Adhesives Company Ltd
11. Hexion

Market Recent Developments:

• in October 2017 h.b. fuller purchased royal adhesives & sealants (us), a leading manufacturer of high-quality specialty adhesives & sealants. the acquisition has led to a broader portfolio of businesses, together with expanded development and production capabilities.