Asia-Pacific Acrylic Adhesives Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2028

Asia-Pacific Acrylic Adhesives Market Analysis

The Asia-Pacific Acrylic Adhesives Market size is estimated at 5.12 billion USD in 2024, and is expected to reach 6.52 billion USD by 2028, growing at a CAGR of 6.26% during the forecast period (2024-2028).

The Asia-Pacific acrylic adhesives market is experiencing significant transformation driven by rapid industrialization and infrastructure development across the region. China continues to lead regional construction activities, with its construction market reaching USD 4.6 trillion in 2021 and demonstrating a remarkable 10% year-over-year growth. This robust construction sector growth has created substantial opportunities for acrylic adhesives in applications ranging from waterproofing and weather-sealing to crack sealing and structural bonding. The increasing focus on sustainable construction practices and green building initiatives has further accelerated the adoption of environmentally friendly adhesive solutions across the region.

The automotive sector is undergoing a revolutionary shift toward electric vehicles, creating new opportunities for specialized adhesive applications. China's electric vehicle market is projected to achieve a 60% adoption rate by 2030, accounting for more than 40% of global new EV sales. This transition necessitates advanced bonding solutions for battery assemblies, lightweight materials, and structural components. The growing emphasis on vehicle weight reduction and improved fuel efficiency has led to increased utilization of advanced acrylic adhesives in automotive manufacturing processes.

The rapid expansion of e-commerce across the region has revolutionized packaging requirements and adhesive applications. Thailand's e-commerce sector exemplifies this trend, with projected growth rates of 8% annually between 2021 and 2025, significantly outpacing the global average of 6%. The packaging industry has responded to this growth with innovations in sustainable packaging solutions, with Thailand's packaging sector expected to reach 197.7 million tons in 2022. This evolution has driven demand for specialized acrylic adhesives that offer superior bonding properties while meeting environmental regulations.

The region's manufacturing capabilities continue to evolve, with Asia-Pacific maintaining its position as a global manufacturing hub, consistently accounting for 38-40% of global adhesive demand. This manufacturing strength has fostered technological advancements in adhesive formulations, particularly in water-borne and UV-cured technologies. The industry has witnessed significant investments in research and development, focusing on developing adhesives with enhanced performance characteristics such as faster curing times, improved durability, and better environmental sustainability profiles. These innovations have enabled manufacturers to meet increasingly stringent regulatory requirements while addressing the evolving needs of end-user industries. The Asian adhesive market is poised for continued growth as these trends unfold.

Asia-Pacific Acrylic Adhesives Market Trends

Fast paced growth of e-commerce industry in developing nations to augment the industry

• Packaging is mainly used for protection, containment, information, utility, and promotion. This makes packaging an integral part of most industries. In 2017, packaging usage accounted for 2.5 billion ton of packaging, including paper and paperboard and plastic packaging. In 2020, due to the COVID-19 pandemic, the market registered a negative growth rate of 7.4% due to disruptions in the supply chain, shortage of packaging material, restrictions on the import and export of goods, and factories operating at low capacity.
• Governments of different Asian countries have taken steps to reduce the use of plastic, as China and Indonesia are the first and second-largest contributors to plastic waste in the ocean. China has announced new restrictions on excessive packaging, requiring all food and cosmetics producers to adhere to specific guidelines determining the volume of packaging allowed in proportion to a product. The extended producer responsibility (EPR) regulation imposed by the Indonesian government will oblige producers and retailers to redesign their product packaging to include a higher proportion of recyclable material.
• In 2021, the market registered a positive growth of 8%, with 2.7 billion ton of packaging material used for various purposes. The packaging industry is expected to keep growing due to the rising middle-income population, improvement of supply chains, and rising e-commerce activities, which have significantly boosted the packaging industry in the past few years as special packaging is required for shipping goods. The growing Asian market is expected to boost packaging usage, enabling it to register a CAGR of 5.7% during the forecast period (2022-2028).

Raising investment to expand infrastructural activities will augment the industry size

• Asia-Pacific is driven by the world's major economies, such as China, Japan, and India. China is promoting and undergoing a process of continuous urbanization, with a target rate of 70% for 2030. The increased living spaces required in the urban areas resulting from increasing urbanization and the desire of middle-income urban residents to improve their living conditions may impact the housing market and, thereby, increase the residential constructions in the country. 
• Non-residential infrastructure is likely to expand significantly. The Chinese government approved 26 infrastructure projects worth approximately USD 142 billion in 2019, with completion due in 2023. The country has the largest construction market globally, accounting for 20% of all worldwide construction investments. By 2030, the government plans to spend over USD 13 trillion on construction. Thus, the construction market is expected to register a 4.48% CAGR during the forecast period (2022-2028).
• The construction industry is one of the largest industries in Asia-Pacific and recorded promising growth in 2019. The industry continues to grow as the region constitutes many developing countries such as Vietnam, Malaysia, Indonesia, Thailand, and other South Asian countries. However, due to the COVID-19 pandemic, the construction sector witnessed a significant decline owing to lockdowns by governments across the region, which severely affected developing countries, including India, China, Japan, and ASEAN countries.
• The Asia-Pacific region is also witnessing significant interest from international investors in the construction space. Foreign Direct Investment (FDI) in the construction development sector is increasing as developing countries provide better returns and opportunities for investors.

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

Segment Analysis: End User Industry

Packaging Segment in Asia-Pacific Acrylic Adhesives Market

The packaging segment dominates the Asia-Pacific acrylic adhesives market, commanding approximately 49% market share in 2024. This significant market position is primarily driven by the extensive use of acrylic adhesives in pressure-sensitive applications such as labels, tapes, and flexible packaging solutions. The segment's dominance is further strengthened by the rapid growth of e-commerce across the region, particularly in China, which has created substantial demand for efficient and secure packaging solutions. The increasing popularity of online shopping, coupled with enhanced internet infrastructure and rising mobile phone usage, continues to drive the demand for packaging applications. Additionally, the implementation of sustainable packaging initiatives and the growing need for innovative packaging solutions in the food and beverage industry have contributed to the segment's market leadership.

Building and Construction Segment in Asia-Pacific Acrylic Adhesives Market

The building and construction segment is emerging as the fastest-growing segment in the Asia-Pacific acrylic adhesives market. The segment is experiencing robust growth driven by extensive infrastructure development and urbanization initiatives across the region. China's construction market, which accounts for approximately 20% of global construction investments, is a major growth driver with plans to invest significantly in construction projects through 2028. The segment's growth is further supported by increasing adoption of modern construction techniques that require high-performance acrylic adhesives for applications such as flooring, roofing, and assembling prefabricated components. Additionally, government initiatives promoting sustainable construction practices and energy-efficient buildings are creating new opportunities for acrylic adhesive applications in the construction sector.

Remaining Segments in End User Industry

The automotive, healthcare, footwear and leather, and other industrial segments collectively represent significant opportunities in the Asia-Pacific acrylic adhesives market. The automotive segment is particularly noteworthy due to the growing electric vehicle production in the region, while the healthcare segment is driven by increasing demand for medical device assembly and disposable medical products. The footwear and leather segment, though smaller, maintains steady demand particularly in manufacturing hubs like China, India, and Vietnam. Other industrial applications, including electronics and aerospace, contribute to market diversity through specialized high-performance adhesive applications. These segments are experiencing varying growth rates influenced by technological advancements, regulatory requirements, and evolving industry needs.

Segment Analysis: Technology

Water-borne Segment in Asia-Pacific Acrylic Adhesives Market

Water-borne technology dominates the Asia-Pacific acrylic adhesives market, holding approximately 75% market share in 2024. The segment's prominence is driven by increasing environmental regulations favoring eco-friendly adhesive solutions with low VOC emissions. Water-borne acrylic adhesives are particularly popular in the healthcare industry due to their non-toxic nature and compatibility with medical device applications. These adhesives offer superior bonding capabilities for various substrates while maintaining high processing efficiency and quick curing properties. The automotive, aerospace, and healthcare industries show strong preference for water-borne acrylic adhesives due to their environmental sustainability and high performance characteristics. Additionally, the quick processing capability and strong adhesion to multiple substrates make these adhesives ideal for medical applications, including medical tapes and labeling.

UV Cured Segment in Asia-Pacific Acrylic Adhesives Market

The UV cured adhesives segment is emerging as the fastest-growing technology in the Asia-Pacific acrylic adhesives market, with strong growth potential through 2024-2029. These adhesives are gaining popularity due to their strong bonding capabilities and flexible curing times, making them particularly valuable in precision applications. The segment's growth is primarily driven by increasing demand in electronics manufacturing, aerospace applications, and healthcare sectors. UV cured acrylic adhesives offer unique advantages in terms of precision control during application and rapid curing properties, which significantly enhance manufacturing efficiency. The technology's ability to provide high-precision bonding while maintaining flexibility makes it particularly suitable for advanced manufacturing applications in electronics and aerospace industries.

Remaining Segments in Technology

The reactive and solvent-borne segments continue to maintain significant positions in the Asia-Pacific acrylic adhesives market. Reactive acrylic adhesives are particularly valued in automotive and heavy-duty applications where high strength and durability are essential. These adhesives provide excellent temperature resistance and permanent resilience, making them ideal for structural applications. Solvent-borne acrylic adhesives, while facing some regulatory challenges due to VOC content, remain important in specific applications where their unique properties are essential, such as in electronics and marine applications. Both technologies continue to evolve with manufacturers focusing on improving their performance characteristics while addressing environmental concerns.

Asia-Pacific Acrylic Adhesives Market Geography Segment Analysis

Acrylic Adhesives Market in China

China dominates the Asia-Pacific acrylic adhesives market, commanding approximately 53% of the total market value in 2024. The country's market leadership is primarily driven by its robust manufacturing sector, particularly in the packaging and electronics industries. The implementation of the country's sustainable packaging initiatives under the "14th Five-Year Plan" has significantly influenced the demand for environmentally friendly acrylic adhesives solutions. China's position is further strengthened by its dominant automotive sector, where acrylic adhesives are extensively used in electric vehicle manufacturing. The country's commitment to developing its EV ecosystem has created substantial opportunities for adhesive manufacturers. Additionally, China's construction industry, which accounts for about 20% of global construction investments, continues to be a major growth driver for acrylic adhesives, particularly in waterproofing and structural applications. The market is also benefiting from the country's rapid urbanization initiatives, with a target rate of 70% for 2030, driving demand in residential construction applications.

Acrylic Adhesives Market in India

India's acrylic adhesives market is projected to grow at approximately 7% CAGR from 2024 to 2029, emerging as the fastest-growing market in the region. The country's growth trajectory is strongly supported by its expanding manufacturing sector, particularly in the automotive and electronics industries. India's push towards becoming a global manufacturing hub through various government initiatives has created significant opportunities for adhesive manufacturers. The country's rapidly evolving e-commerce sector has substantially increased the demand for packaging solutions, directly impacting the consumption of acrylic adhesives. Furthermore, India's construction sector, which contributes significantly to the national GDP, continues to drive market growth through various infrastructure development projects. The country's focus on renewable energy projects, particularly in solar panel installations, has created additional demand for specialized acrylic adhesives. The market is also benefiting from increasing investments in research and development facilities by major manufacturers looking to develop customized solutions for local applications.

Acrylic Adhesives Market in Japan

Japan's acrylic adhesives market is characterized by its high-tech manufacturing sector and stringent quality standards. The country's market is primarily driven by its advanced automotive and electronics industries, where precision and reliability are paramount. Japan's focus on technological innovation has led to the development of specialized acrylic adhesives solutions, particularly in high-performance applications. The country's packaging industry has shown significant evolution, especially in sustainable packaging solutions, creating new opportunities for water-based acrylic adhesives. The market is further supported by Japan's robust aerospace sector, which has seen increased involvement in worldwide cooperative development of civil aircraft. The country's emphasis on quality and performance has made it a key market for premium acrylic adhesives products. Additionally, Japan's aging infrastructure renovation projects and earthquake-resistant construction requirements have created steady demand for structural adhesive applications.

Acrylic Adhesives Market in Indonesia

Indonesia's acrylic adhesives market demonstrates strong potential, driven by its expanding manufacturing base and growing domestic consumption. The country's strategic focus on developing its automotive sector, particularly in electric vehicle production, has created new opportunities for adhesive manufacturers. Indonesia's robust e-commerce growth has significantly impacted the packaging sector, driving demand for various adhesive solutions. The government's commitment to infrastructure development, including the construction of new airports and transportation facilities, has boosted the construction segment of the market. The country's growing electronics manufacturing sector has also emerged as a significant consumer of specialized acrylic adhesives. Furthermore, Indonesia's position as a major producer of consumer goods in Southeast Asia has created sustained demand for packaging applications. The market is also benefiting from increasing foreign direct investment in manufacturing facilities and the government's push towards industrial modernization.

Acrylic Adhesives Market in Other Countries

The acrylic adhesives market in other Asia-Pacific countries, including South Korea, Thailand, Malaysia, Singapore, and Australia, exhibits diverse growth patterns influenced by their respective industrial strengths. South Korea's market is primarily driven by its advanced electronics and automotive sectors, while Thailand's growth is supported by its strong automotive manufacturing base and expanding packaging industry. Malaysia's market benefits from its growing electronics manufacturing sector and increasing infrastructure developments. Singapore, despite its smaller size, maintains a significant market presence due to its high-tech manufacturing capabilities and role as a regional hub for aerospace maintenance, repair, and overhaul operations. Australia's market is characterized by its focus on construction and infrastructure development projects. These countries collectively contribute to the region's dynamic market landscape, each offering unique opportunities based on their industrial specializations and economic development stages.

Free With This Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.