APAC Contact Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Contact Adhesives Market Analysis
Asia-Pacific contact adhesives market is expected to grow at a CAGR of more than 4% during the forecast period. The demand for contact adhesives is widely driven by the strong growth in construction industry and rising demand from woodworking industry. However, stringent regulations related to VOC emissions is likely to hinder the growth of the studied market.
- The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
- The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
- China stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the growing demand from end-user industries, such as construction, woodworking, packaging and footwear.
APAC Contact Adhesives Market Trends
This section covers the major market trends shaping the APAC Contact Adhesives Market according to our research experts:
Building and Construction Industry to Drive the Market Demand
- Contact adhesives' properties such as good cohesion, adhesion and elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions, makes it extensively useful for application in construction industry.
- They are mainly used in wooden flooring and artificial turf, owing to their property of strain crystallization.
- In Asia-Pacific, countries, such as China, India, Indonesia, Vietnam and Thailand have been registering robust growth in construction activities and this trend is likely to continue in the near future. This is likely to propel the consumption of contact adhesives in the region.
- In Asia-Pacific, the consumption of contact adhesives from construction industry is projected to be dominated by China, which has been investing significantly on airport and other infrastructure projects.
China to Dominate the Market
- China dominates the contact adhesives market in the region, where the consumption is majorly driven by the demand from industries, such as construction, woodworking, packaging, leather and footwear and automotive.
- The country stands to be the world's largest producer of automotive, footwear and packaging. Owing to this, the country accounts for significant consumption of contact adhesives.
- The construction sector has been recording a healthy growth in the country, owing to significant increase in government investment on large-scale infrastructure projects in order to ensure steady growth of the economy.
- Moreover, owing to the growing air traffic, the government has planned to increase the number of airports to around 450 by 2035, which indicates about 91% increase over the current number of airports in the country. In this regards, there are numerous airport construction projects, which are either in development or planning stage in the country.
- Hence, presence of the strong production base of such end-user industries and growing construction investments have been driving the consumption of contact adhesives in the country.
APAC Contact Adhesives Industry Overview
Asia-Pacific contact adhesives market is fragmented in nature. Some of the keyplayers in the market includes 3M, Arkema Group, H.B. Fuller, Sika AG, and Henkel AG & Co. KGaA, amongst others.
APAC Contact Adhesives Market Leaders
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3M
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Henkel AG & Co. KGaA
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Arkema Group
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H.B. Fuller
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Sika AG
*Disclaimer: Major Players sorted in no particular order
APAC Contact Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Report
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Strong Growth in Construction Industry
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4.1.2 Rising Demand from Woodworking Industry
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4.2 Restraints
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4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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4.2.2 Other Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Resin
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5.1.1 Neoprene
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5.1.2 Styrene Butadiene Copolymer
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5.1.3 Acrylic Copolymer
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5.1.4 Other Resins
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5.2 Technology
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5.2.1 Water-borne
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5.2.2 Solvent-borne
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5.2.3 Other Technologies
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5.3 End-user Industry
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5.3.1 Building and Construction
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5.3.2 Automotive and Aerospace
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5.3.3 Consumer Durables
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5.3.4 Packaging
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5.3.5 Woodworking
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5.3.6 Leather and Footwear
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5.3.7 Other End-user Industries
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5.4 Geography
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5.4.1 China
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5.4.2 India
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5.4.3 Japan
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5.4.4 South Korea
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5.4.5 ASEAN Countries
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5.4.6 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema Group
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6.4.3 Ashland
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6.4.4 Avery Dennison Corporation
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6.4.5 Beardow Adams
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6.4.6 Dow
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6.4.7 Dymax Corporation
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6.4.8 Franklin International
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6.4.9 H.B. Fuller
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6.4.10 Henkel AG & Co. KGaA
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6.4.11 Huntsman International LLC
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6.4.12 Intact Adhesives (KMS Adhesives Ltd)
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6.4.13 ITW Performance Polymers (Illinois Tool Works Inc.)
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6.4.14 Jowat AG
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6.4.15 Mapei Inc.
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6.4.16 Sika AG
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Shifting Focus Toward Water-borne Adhesives
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APAC Contact Adhesives Industry Segmentation
Asia-Pacific contact adhesives market report include:
| Resin | |
| Neoprene | |
| Styrene Butadiene Copolymer | |
| Acrylic Copolymer | |
| Other Resins |
| Technology | |
| Water-borne | |
| Solvent-borne | |
| Other Technologies |
| End-user Industry | |
| Building and Construction | |
| Automotive and Aerospace | |
| Consumer Durables | |
| Packaging | |
| Woodworking | |
| Leather and Footwear | |
| Other End-user Industries |
| Geography | |
| China | |
| India | |
| Japan | |
| South Korea | |
| ASEAN Countries | |
| Rest of Asia-Pacific |
APAC Contact Adhesives Market Research FAQs
What is the current Asia-Pacific Contact Adhesives Market size?
The Asia-Pacific Contact Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Contact Adhesives Market?
3M, Henkel AG & Co. KGaA, Arkema Group, H.B. Fuller and Sika AG are the major companies operating in the Asia-Pacific Contact Adhesives Market.
What years does this Asia-Pacific Contact Adhesives Market cover?
The report covers the Asia-Pacific Contact Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Contact Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Contact Adhesives Industry Report
Statistics for the 2024 Asia-Pacific Contact Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Contact Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
