Asia-Pacific Adhesives Market Size (2024 - 2029)

The Asia-Pacific adhesives market is experiencing a resurgence, having recovered to pre-pandemic levels and poised for steady growth. The market's expansion is primarily driven by increased demand in the construction and packaging industries, although growth may be hindered by stringent regulations on VOC emissions from adhesives. Opportunities are emerging from the innovation and adoption of bio-based adhesives, particularly in the aerospace sector. China dominates the region's market, with significant consumption across various end-user industries, including automotive, packaging, construction, healthcare, and aerosol.

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Market Size of Asia-Pacific Adhesives Industry

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Asia-Pacific Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.70 %
Market Concentration Low

Major Players

Asia-Pacific Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Adhesives Market Analysis

The Asia-Pacific adhesives market is estimated to be valued at more than USD 19,800 million in 2021, and it is expected to register an estimated CAGR of over 6.7% over the forecast period (2022-2027).

The region was negatively affected by the COVID-19 pandemic. The adhesives market in the region also faced a similar situation. But the market has now reached pre-pandemic levels, and it is expected to grow steadily.

  • A lot of what drives the demand for adhesives is how they are used in the construction industry and how the packaging industry is using them more and more.
  • But the growth is likely to be slowed down by the strict rules about VOC emissions from glues and sealants.
  • The innovation and development of bio-based adhesives and their rising usage in the aerospace industry are likely to offer opportunities for the Asia-Pacific adhesives market.
  • China stands to be the largest market for sealants in the region, where the consumption is driven by end-user industries such as automotive, packaging, construction, healthcare, and aerosol, among others.

APAC Adhesives Industry Segmentation

The Asia-Pacific Adhesives Market is segmented by End-User Industry, Technology, Resin, and Region. On the basis of the End User Industry, the market is segmented into Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery, and other End-User Industries. By Technology, the market is segmented into Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, and Water-borne. By Resin, the market is segmented into Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA, and Other Resin. By Geography, the market is segmented into Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand, and the Rest of Asia-Pacific. The report offers market sizes and forecasts in terms of revenue (USD million) and volume (kilotons) for all the above segments.

By End-user Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking And Joinery
Other End-user Industries
By Technology
Hot Melt
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
By Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
By Geography
Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
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Asia-Pacific Adhesives Market Size Summary

The Asia-Pacific adhesives market is experiencing a resurgence, having recovered from the setbacks caused by the COVID-19 pandemic. The market is poised for steady growth, driven primarily by the construction and packaging industries. In construction, adhesives are essential for bonding applications, particularly in flooring and infrastructure projects. The demand is further bolstered by the region's focus on energy-efficient and digitally advanced buildings, with significant investments in infrastructure projects, especially in China and India. The packaging industry, on the other hand, has seen a surge in demand due to the rise in online shopping and the need for packaged goods across various sectors, including pharmaceuticals, food processing, and FMCG. This growing demand for packaging is particularly notable in countries like Malaysia and Indonesia, where the sector is expanding rapidly.

Despite the positive growth trajectory, the market faces challenges, such as stringent regulations on VOC emissions from adhesives and sealants. However, opportunities lie in the innovation and development of bio-based adhesives, particularly in the aerospace sector. China remains the largest market for sealants, with significant consumption driven by automotive, healthcare, and aerosol industries. The market is characterized by healthy competition, with major players like 3M, Sika AG, Henkel AG & Co. KGaA, HB Fuller Company, and Arkema Group actively expanding their presence through strategic acquisitions and partnerships. These developments indicate a dynamic market landscape, with companies continuously seeking to enhance their product offerings and market reach in the Asia-Pacific region.

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Asia-Pacific Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Construction Activities in Asia-Pacific

      2. 1.1.2 Growing Demand from the Packaging Industry

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      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

    5. 1.5 Regulations

  2. 2. MARKET SEGMENTATION (Market Size in Value and Volume)

    1. 2.1 By End-user Industry

      1. 2.1.1 Aerospace

      2. 2.1.2 Automotive

      3. 2.1.3 Building and Construction

      4. 2.1.4 Footwear and Leather

      5. 2.1.5 Healthcare

      6. 2.1.6 Packaging

      7. 2.1.7 Woodworking And Joinery

      8. 2.1.8 Other End-user Industries

    2. 2.2 By Technology

      1. 2.2.1 Hot Melt

      2. 2.2.2 Reactive

      3. 2.2.3 Solvent-borne

      4. 2.2.4 UV Cured Adhesives

      5. 2.2.5 Water-borne

    3. 2.3 By Resin

      1. 2.3.1 Acrylic

      2. 2.3.2 Cyanoacrylate

      3. 2.3.3 Epoxy

      4. 2.3.4 Polyurethane

      5. 2.3.5 Silicone

      6. 2.3.6 VAE/EVA

      7. 2.3.7 Other Resins

    4. 2.4 By Geography

      1. 2.4.1 Australia

      2. 2.4.2 China

      3. 2.4.3 India

      4. 2.4.4 Indonesia

      5. 2.4.5 Japan

      6. 2.4.6 Malaysia

      7. 2.4.7 Singapore

      8. 2.4.8 South Korea

      9. 2.4.9 Thailand

      10. 2.4.10 Rest of Asia-Pacific

Asia-Pacific Adhesives Market Size FAQs

The Asia-Pacific Adhesives Market is projected to register a CAGR of greater than 6.70% during the forecast period (2024-2029)

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

Asia-Pacific Adhesives Report Snapshots

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