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Asia-Pacific EVA Adhesives Market Size

The Asia-Pacific EVA Adhesives Market is projected to experience significant growth, driven by its extensive applications across various industries such as packaging, automotive, woodworking, and construction. Despite a temporary decline due to the COVID-19 pandemic, the market's expansion is expected to continue, with the packaging sector maintaining the largest demand share due to the adhesives' fast-curing properties. The region's substantial manufacturing capacity and recovery in demand from key industries like construction and automotive are anticipated to propel the market's growth trajectory.

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Market Size of asia-pacific eva adhesives Industry

Asia-Pacific EVA Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 4.12 Billion
svg icon Market Size (2028) USD 5.31 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 6.52 %
svg icon Largest Share by Country China
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific EVA Adhesives Market Analysis

The Asia-Pacific EVA Adhesives Market size is estimated at 4.12 billion USD in 2024, and is expected to reach 5.31 billion USD by 2028, growing at a CAGR of 6.52% during the forecast period (2024-2028).

4.12 Billion

Market Size in 2024 (USD)

5.31 Billion

Market Size in 2028 (USD)

6.56 %

CAGR (2017-2023)

6.52 %

CAGR (2024-2028)

Largest Market by End-user Industry

66.10 %

value share, Packaging, 2023

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Packaging is the dominant end-user industry in the market owing to its wide-ranging applications, including cardboard sealing and joining, paper packaging, and laminating films.

Largest Market by Technology

61.61 %

value share, Hot Melt, 2023

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Hot melt is the largest technology type in the market owing to its wide-ranging applications across major end-user industries, including packaging and automotive.

Largest Market by Country

44.19 %

value share, China, 2023

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In the Asia-Pacific EVA adhesives market, China holds the largest market share owing to the strong presence of manufacturers in the country's paper and paperboard and plastic packaging industries.

Fastest Growing Market by Country

7.47 %

Projected CAGR, India, 2024-2028

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Due to its increasing population and rapid urbanization, India is likely to be the fastest-growing country in the market during the forecast period.

Leading Market Player

4.92 %

market share, Aica Kogyo Co..Ltd., 2021

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Aica Kogyo Co. Ltd is the leading EVA/VAE adhesives manufacturer in the region due to its strong geographical presence and widespread applications of its products in the packaging industry.

Packaging is the fastest-growing end-user and remains as pole position

  • EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion, among others.
  • The demand for EVA adhesives has grown significantly from 2017 to 2019. The footwear and leather industry in South Korea witnessed the highest growth (of 27.62%) in the Asia-Pacific EVA adhesives market.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the footwear and leather industry suffered the most, declining by 14.22% y-o-y. As global footwear consumption decreased by 22% y-o-y in 2020, footwear manufacturers concentrated in the Asia-Pacific region had to reduce their production. This negatively affected the demand for EVA adhesives in this industry.
  • The industry's growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 5.09% during the forecast period 2022-2028. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the largest share of the demand and is expected to remain the largest end-user industry during the forecast period 2022-2028.
Asia-Pacific EVA Adhesives Market

The large manufacturing capacities of the Asia-Pacific region helped to secure the highest demand for EVA adhesives

  • From 2017 to 2021, the demand for the EVA adhesives market generated from Asia-Pacific was the highest among all regions. This region's share of adhesive demand has consistently accounted for 46-47% of the global demand because of the region's high manufacturing capacity in all end-user industries. EVA resin-based adhesives with hot-melt technologies generate most of the demand in the area.
  • From 2017 to 2019, the demand for adhesives from this region recorded a CAGR of less than 1%. The slow growth in EVA resin-based adhesives was due to a decrease in construction activities and automotive production in the region. The demand from these end-user industries declined at CAGRs of -2.4% and -2.25% in 2018 and 2019, respectively.
  • In 2020, the demand from all end-user industries across the region declined due to constraints in operations, labor, raw material, supply chain, and other aspects. Among all industries in the region, the Australian footwear industry took the worst hit, declining by 49.53% Y-o-Y in volume terms in 2020. The decrease in domestic demand was due to the low purchasing power resulting from a weak economy, severely affecting this industry during the pandemic.
  • In 2021, the demand for EVA resin-based adhesives quickly rebounded to the pre-pandemic volumes as restrictions eased. The Indian market witnessed the highest Y-o-Y growth of 8.55% in volume terms. The overall demand from the Asia-Pacific region is expected to grow, recording a CAGR of 4.46%, during the forecast period. This demand growth is expected to be driven by the region's construction, packaging, and automotive industries during the forecast period. 

Asia-Pacific EVA Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Solvent-borne, Water-borne are covered as segments by Technology. Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand are covered as segments by Country.

  • EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion, among others.
  • The demand for EVA adhesives has grown significantly from 2017 to 2019. The footwear and leather industry in South Korea witnessed the highest growth (of 27.62%) in the Asia-Pacific EVA adhesives market.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the footwear and leather industry suffered the most, declining by 14.22% y-o-y. As global footwear consumption decreased by 22% y-o-y in 2020, footwear manufacturers concentrated in the Asia-Pacific region had to reduce their production. This negatively affected the demand for EVA adhesives in this industry.
  • The industry's growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 5.09% during the forecast period 2022-2028. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the largest share of the demand and is expected to remain the largest end-user industry during the forecast period 2022-2028.
End User Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology
Hot Melt
Solvent-borne
Water-borne
Country
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
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Asia-Pacific EVA Adhesives Market Size Summary

The Asia-Pacific EVA adhesives market is poised for significant growth, driven by its extensive applications across various industries such as packaging, automotive, woodworking, and construction. These adhesives are favored for their ability to bond diverse substrates, including paper, wood, plastics, and metals, making them integral to products like packaging boxes, vehicle interiors, and more. Despite a temporary decline in demand during the pandemic due to supply chain disruptions and reduced production in key sectors, the market has shown resilience and is expected to continue its upward trajectory. The packaging industry, in particular, remains a dominant force, benefiting from the fast-curing properties of EVA adhesives and the increasing demand for protective and promotional packaging solutions.

The region's robust manufacturing capacity and the growing automotive and construction sectors further bolster the market's expansion prospects. China, as a leading automotive producer, significantly influences the market, with the rise of electric vehicles presenting new opportunities for adhesive applications in electronic component assembly. The market's growth is also supported by strategic initiatives from major players like Aica Kogyo Co., Arkema Group, and Henkel AG, who are investing in innovation and sustainable solutions. As the Asia-Pacific region continues to recover and expand, the EVA adhesives market is expected to experience steady growth, driven by increasing industrial activities and the rising demand for efficient bonding solutions.

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Asia-Pacific EVA Adhesives Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Solvent-borne

      3. 1.2.3 Water-borne

    3. 1.3 Country

      1. 1.3.1 Australia

      2. 1.3.2 China

      3. 1.3.3 India

      4. 1.3.4 Indonesia

      5. 1.3.5 Japan

      6. 1.3.6 Malaysia

      7. 1.3.7 Singapore

      8. 1.3.8 South Korea

      9. 1.3.9 Thailand

      10. 1.3.10 Rest of Asia-Pacific

Asia-Pacific EVA Adhesives Market Size FAQs

The Asia-Pacific EVA Adhesives Market size is expected to reach USD 4.12 billion in 2024 and grow at a CAGR of 6.52% to reach USD 5.31 billion by 2028.

In 2024, the Asia-Pacific EVA Adhesives Market size is expected to reach USD 4.12 billion.

Asia-Pacific EVA Adhesives Market Report Snapshots

Asia-Pacific EVA Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028