Market Size of Asia-Pacific Waterborne Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 7.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Waterborne Adhesives Market Analysis
The Asia-Pacific waterborne adhesives market is expected to grow at with a CAGR greater than 7% during the forecast period. One of the major factors driving the market growth is the growing demand from building & construction industry. However, limited resistance of waterborne adhesives to moisture and water is hindering the growth of the market studied.
- Advancements in food packaging and safety industry is expected to provide a major growth opportunity for the market studied.
- China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, packaging industry is expected to witness the highest growth rate during the forecast period.
APAC Waterborne Adhesives Industry Segmentation
The Asia-Pacific Waterborne adhesives market report includes:
Resin Type | |
Acrylics | |
Polyvinyl Acetate (PVA) Emulsion | |
Ethylene Vinyl Acetate (EVA) Emulsion | |
Polyurethane Dispersions and CR (Chloroprene Rubber) Latex | |
Other Resin Types |
End-user Industry | |
Building & Construction | |
Paper, Board, and Packaging | |
Woodworking & Joinery | |
Transportation | |
Healthcare | |
Electrical & Electronics | |
Other End-user Industries |
Geography | |
China | |
India | |
Japan | |
South Korea | |
ASEAN Countries | |
Rest of Asia-Pacific |
Asia-Pacific Waterborne Adhesives Market Size Summary
The Asia-Pacific waterborne adhesives market is poised for significant growth, driven primarily by the increasing demand from the building and construction sector. Despite challenges such as limited resistance to moisture and water, the market is expected to benefit from advancements in the food packaging and safety industry, which presents substantial growth opportunities. China holds the largest market share and is anticipated to maintain its dominance due to rapid urbanization and population growth, which have spurred infrastructure and construction activities. The packaging industry, in particular, is projected to experience the highest growth rate, as waterborne adhesives are favored for their cost-effectiveness, non-reactivity, and quick hardening properties, making them a technologically advanced and eco-friendly choice.
The market landscape in the Asia-Pacific region is moderately consolidated, with a few key players such as 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG holding significant shares. The packaging industry is rapidly expanding its use of waterborne adhesives, driven by their safety and non-reactive nature compared to other adhesive types. This trend is seen as a step towards more sustainable manufacturing practices. China's dominance in the market is further supported by the high demand from both the packaging and building & construction industries, reinforcing its position as a leader in the region's waterborne adhesives market during the forecast period.
Asia-Pacific Waterborne Adhesives 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 Growth in Building & Construction Industries
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1.1.2 Availability of Raw Materials and Low Production Cost
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1.2 Restraints
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1.2.1 Limited Resistance to Moisture and Water
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1.2.2 Other Restraints
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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 Consumers
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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
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2.1 Resin Type
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2.1.1 Acrylics
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2.1.2 Polyvinyl Acetate (PVA) Emulsion
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2.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
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2.1.4 Polyurethane Dispersions and CR (Chloroprene Rubber) Latex
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2.1.5 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building & Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking & Joinery
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2.2.4 Transportation
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2.2.5 Healthcare
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2.2.6 Electrical & Electronics
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 China
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2.3.2 India
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2.3.3 Japan
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2.3.4 South Korea
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2.3.5 ASEAN Countries
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2.3.6 Rest of Asia-Pacific
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Asia-Pacific Waterborne Adhesives Market Size FAQs
What is the current Asia-Pacific Waterborne Adhesives Market size?
The Asia-Pacific Waterborne Adhesives Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Waterborne Adhesives Market?
3M , Arkema Group , Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Asia-Pacific Waterborne Adhesives Market.