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Asia-Pacific Hot-melt Adhesives Market Size (2024 - 2029)

The Asia-Pacific hot-melt adhesives market is poised for substantial expansion, driven by increasing demand from the packaging sector and a shift towards environmentally friendly solutions. Despite challenges such as raw material price volatility, the market is expected to benefit from the adoption of bio-based alternatives. China is anticipated to lead the market, experiencing the most rapid growth in the region.

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Market Size of Asia-Pacific Hot-melt Adhesives Industry

Asia-Pacific Hot Melt Adhesives Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.50 %
Market Concentration High

Major Players

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*Disclaimer: Major Players sorted in no particular order

APAC Hot Melt Adhesives Market Analysis

The Asia-Pacific hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6.5%, over the forecast period. Increasing demand from the packaging industry in the region and rising environmental concerns regarding solvent-borne adhesives are expected to drive the market during the forecast period.

  • Volatility in the availability and price of raw material forcing internal substitution is likely to hinder the market's growth.
  • Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
  • China is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.

APAC Hot Melt Adhesives Industry Segmentation

The Asia-Pacific hot-melt adhesives market report includes:

Resin Type
Ethylene Vinyl Acetate
Styrenic-butadiene Copolymers
Thermoplastic Polyurethane
Other Resin Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Woodworking and Joinery
Transportation
Footwear and Leather
Healthcare
Electronics
Other End-user Industries
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
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Asia-Pacific Hot-melt Adhesives Market Size Summary

The Asia-Pacific hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging industry and a shift towards environmentally friendly alternatives to solvent-borne adhesives. The market is characterized by its extensive application in the paper, board, and packaging sectors, where hot-melt adhesives are essential for carton closing, sealing, and pallet stabilization. The rise in e-commerce and online purchasing, coupled with improved living standards and higher incomes in developing countries, has further fueled the demand for packaging solutions, thereby boosting the hot-melt adhesives market. The food and beverage industry, along with healthcare products, are significant contributors to this demand, particularly for PU hot-melt adhesives.

China is expected to lead the market, benefiting from its robust packaging industry and growing consumer goods sector, especially in food and footwear. Despite potential challenges from international trade issues and geopolitical tensions, China's market is supported by government policies promoting healthy lifestyles and the rise of customized packaging. The country's construction sector, although slowing, remains a significant economic contributor, further supporting the demand for hot-melt adhesives. The market is consolidated, with major players like 3M, Arkema Group, Dow, Henkel AG & Co. KGaA, and Sika AG playing pivotal roles in shaping its landscape.

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Asia-Pacific Hot-melt Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Packaging Industry

      2. 1.1.2 Rising Environmental Concerns Regarding Solvent-borne Adhesives

    2. 1.2 Restraints

      1. 1.2.1 Volatility in the Availability and Price of Raw Material Forcing Internal Substitution

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Ethylene Vinyl Acetate

      2. 2.1.2 Styrenic-butadiene Copolymers

      3. 2.1.3 Thermoplastic Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 End-user Industry

      1. 2.2.1 Building and Construction

      2. 2.2.2 Paper, Board, and Packaging

      3. 2.2.3 Woodworking and Joinery

      4. 2.2.4 Transportation

      5. 2.2.5 Footwear and Leather

      6. 2.2.6 Healthcare

      7. 2.2.7 Electronics

      8. 2.2.8 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 ASEAN Countries

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Hot-melt Adhesives Market Size FAQs

The Asia-Pacific Hot-melt Adhesives Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

3M, Arkema Group, Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Asia-Pacific Hot-melt Adhesives Market.

Asia-Pacific Hot-melt Adhesives Report Snapshots

Asia-Pacific Hot-melt Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)