Market Size of Asia-Pacific Adhesives And Sealants Industry
Study Period | 2019-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 30.26 Billion |
Market Size (2029) | USD 41.09 Billion |
CAGR (2024 - 2029) | > 6.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Sealants & Adhesives Market Analysis
The Asia-Pacific Adhesives And Sealants Market size is estimated at USD 30.26 billion in 2024, and is expected to reach USD 41.09 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The region was negatively affected by the COVID-19 pandemic. The adhesives and sealants market in the region also faced a similar situation. However, the market has now reached pre-pandemic levels, and it is expected to grow at a significant pace.
Expanding packaging and building and construction industries around the globe are likely to drive demand for adhesives and sealants during the forecast period.
However, strict environmental regulations set by the government on the use of volatile organic compounds are anticipated to hamper market expansion.
The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the adhesives and sealants market.
China stands to be the largest market for adhesives and sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, electronics, and packaging.
APAC Sealants & Adhesives Industry Segmentation
Adhesives are substances that are used to join or bond two or more surfaces together by sticking to them. They are a type of material that provides cohesion between different substrates, creating a durable and often permanent bond. Adhesives are employed in a wide range of applications, from everyday household use to industrial and technological processes.
Sealants are materials used to fill, seal, or close gaps and joints to prevent the passage of liquids or gases. They are designed to provide a barrier against moisture, air, dust, and other environmental elements. Sealants are commonly used in construction, automotive, aerospace, and other industries to create airtight and watertight seals, as well as to provide insulation and protection.
The Asia-Pacific Adhesives and Sealants Market is Segmented Into Adhesives by Resin (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, and Other Resins), Adhesive by Technology (Hot-Melt, Reactive, Solvent-Borne, UV-Cured, Water-borne), Sealant Product Type (Polyurethane, Epoxy, Acrylic, Silicone, and Other Resins), End-user Industry (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, and Other End-user Industries), and Geography (China, India, Japan, South Korea, Thailand, Indonesia, Malaysia, Vietnam, and the Rest of Asia-Pacific). The Report Offers the Market Sizes and Forecasts in Revenue (USD Million) for all the Above Segments.
Adhesives Resin | |
Polyurethane | |
Epoxy | |
Acrylic | |
Silicone | |
Cyanoacrylate | |
VAE/EVA | |
Other Resins (Polyester, Rubber, etc.) |
Adhesives Technology | |
Solvent-borne | |
Reactive | |
Hot Melt | |
UV Cured Adhesives | |
Water-borne |
Sealants Resin | |
Silicone | |
Polyurethane | |
Acrylic | |
Epoxy | |
Other Resins (Bituminous, Polysulfide UV-Curable, etc.) |
End-User Industry | |
Aerospace | |
Automotive | |
Building and Construction | |
Footwear and Leather | |
Healthcare | |
Packaging | |
Woodworking And Joinery | |
Other End-user Industries (Electronics, Consumer/DIY, etc.) |
Geography | |
China | |
India | |
Japan | |
South Korea | |
Indonesia | |
Malaysia | |
Thailand | |
Vietnam | |
Rest of Asia-Pacific |
Asia-Pacific Adhesives And Sealants Market Size Summary
The Asia-Pacific adhesives and sealants market is poised for significant growth, driven by the expanding packaging and construction industries. The region has rebounded from the setbacks caused by the COVID-19 pandemic, reaching pre-pandemic levels and is expected to continue its upward trajectory. The demand for adhesives and sealants is bolstered by the increasing need for packaging materials, particularly in paper and plastic sectors, due to the rise of e-commerce and organized retail. China, as the largest market in the region, plays a pivotal role with its robust end-user industries such as automotive, construction, electronics, and packaging. The country's focus on sustainable practices and recycling initiatives is expected to further influence the market dynamics, promoting the use of recyclable flexible plastic packaging.
In addition to the packaging sector, the construction and electronics industries in China are significant contributors to the market's growth. The ongoing urbanization and expansion in residential and commercial buildings, coupled with the rise in electric vehicle production and electronics manufacturing, are key factors driving the demand for adhesives and sealants. The market is also witnessing opportunities through the innovation of bio-based adhesives and the shift towards adhesive bonding for composite materials. Despite challenges posed by stringent environmental regulations on volatile organic compounds, the market remains partially consolidated with major players like 3M, Arkema, Sika AG, H.B. Fuller Company, and Henkel AG & Co. KGaA actively expanding their presence and technology portfolios in the region.
Asia-Pacific Adhesives And Sealants Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Packaging Industry in South-East Asia Countries
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1.1.2 Growing Demand in Construction Sector
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 High Fluctuations in Raw Material Pricing
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 Adhesives Resin
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2.1.1 Polyurethane
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2.1.2 Epoxy
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2.1.3 Acrylic
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2.1.4 Silicone
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2.1.5 Cyanoacrylate
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2.1.6 VAE/EVA
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2.1.7 Other Resins (Polyester, Rubber, etc.)
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2.2 Adhesives Technology
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2.2.1 Solvent-borne
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2.2.2 Reactive
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2.2.3 Hot Melt
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2.2.4 UV Cured Adhesives
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2.2.5 Water-borne
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2.3 Sealants Resin
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2.3.1 Silicone
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2.3.2 Polyurethane
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2.3.3 Acrylic
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2.3.4 Epoxy
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2.3.5 Other Resins (Bituminous, Polysulfide UV-Curable, etc.)
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2.4 End-User Industry
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2.4.1 Aerospace
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2.4.2 Automotive
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2.4.3 Building and Construction
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2.4.4 Footwear and Leather
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2.4.5 Healthcare
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2.4.6 Packaging
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2.4.7 Woodworking And Joinery
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2.4.8 Other End-user Industries (Electronics, Consumer/DIY, etc.)
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2.5 Geography
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2.5.1 China
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2.5.2 India
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2.5.3 Japan
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2.5.4 South Korea
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2.5.5 Indonesia
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2.5.6 Malaysia
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2.5.7 Thailand
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2.5.8 Vietnam
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2.5.9 Rest of Asia-Pacific
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Asia-Pacific Adhesives And Sealants Market Size FAQs
How big is the Asia-Pacific Adhesives And Sealants Market?
The Asia-Pacific Adhesives And Sealants Market size is expected to reach USD 30.26 billion in 2024 and grow at a CAGR of greater than 6% to reach USD 41.09 billion by 2029.
What is the current Asia-Pacific Adhesives And Sealants Market size?
In 2024, the Asia-Pacific Adhesives And Sealants Market size is expected to reach USD 30.26 billion.