Asia-Pacific Construction Adhesives & Sealants Market Size

The Asia-Pacific construction adhesives and sealants market is poised for significant growth, driven by the increasing demand in the region's booming construction and real estate sectors. Despite initial setbacks due to the COVID-19 pandemic, the market has shown resilience and is expected to expand steadily. China, as the leading force in the market, along with other key players like Japan and India, is anticipated to contribute substantially to the market's expansion. The preference for polyurethane, acrylic, and silicone resin-based products, known for their strong bonding capabilities, further underscores the market's potential. Government investments in infrastructure and the recovery of consumer and corporate confidence are critical factors supporting the market's growth trajectory.

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Market Size of asia-pacific construction adhesives & sealants Industry

Asia-Pacific Construction Adhesives & Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 6.56 Billion
svg icon Market Size (2028) USD 8.52 Billion
svg icon Largest Share by Resin Polyurethane
svg icon CAGR (2024 - 2028) 6.74 %
svg icon Largest Share by Country China

Major Players

Asia-Pacific Construction Adhesives & Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific Construction Adhesives & Sealants Market Analysis

The Asia-Pacific Construction Adhesives & Sealants Market size is estimated at 6.56 billion USD in 2024, and is expected to reach 8.52 billion USD by 2028, growing at a CAGR of 6.74% during the forecast period (2024-2028).

6.56 Billion

Market Size in 2024 (USD)

8.52 Billion

Market Size in 2028 (USD)

5.00 %

CAGR (2017-2023)

6.74 %

CAGR (2024-2028)

Largest Market by Technology

44.78 %

value share, Sealants, 2023

In Asia-Pacific, sealants have the highest market share due to their wide applications in the building and construction industry, including joint sealing, insulation, curtain wall, facade, glazing, and others.

Largest Market by Resin

24.72 %

value share, Polyurethane, 2023

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Polyurethane resins have the largest share in the Asia-Pacific construction adhesives and sealants market owing to their interior and exterior applications.

Largest Market by Country

71.21 %

value share, China, 2023

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China is the largest country and is driven mainly by the demand for residential and commercial construction.

Fastest Growing Market by Country

7.25 %

Projected CAGR, China, 2024-2028

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With the increasing population, the demand for construction activities is increasing in China, thereby expected to witness the fastest growth during the forecast period.

Leading Market Player

6.48 %

market share, Sika AG, 2021

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Sika AG has been witnessing increasing volume sales in the region. This increase can be attributed to the popularity of its products, specifically polyurethane-based technology in the building and construction industry.

Infrastructure projects to support the growth of construction adhesives and sealants in China and Japan

  • Polyurethane and Acrylic resin-based adhesives and sealants are the most used among other reins types during the historical period, 2017-2021, and base year, 2021. They are expected to be the most used resin types during the forecast period because of the strong bonds and their applicability as structural adhesives. In Asia-Pacific, about 49% of the acrylic-based construction adhesives were manufactured in water-borne technology in 2021 and polyurethane based products were manufactured majorly in sealant technology.
  • Regionally, during 2019-20, the demand for construction adhesives and sealants grew by about 13% and is expected to grow by about 4.6% during the forecast period (2022 - 2028). Among all the resin types, silicone resin-based adhesives and sealants are expected to register the largest CAGR of around 5% during the forecast period (2022 - 2028).
  • China occupied the largest share of the demand for construction adhesives and sealants globally. In 2021, the demand generated from China was 1.2 billion kilograms and the demand is expected to reach 1.8 billion kilograms with a CAGR of 6.9% by 2028. Polyurethane, acrylic, and silicon resin-based adhesives and sealants products are expected to occupy more than 50% of the total demand generated by China's construction industry. Japan is the second-largest consumer of construction adhesives, and it had about 12% of shares in 2021, is expected to register a CAGR of about 2.7% during the forecast period (2022 - 2028). Japan is seeing an increased number of skyscraper and high-rise building projects, which has been the major source of the demand for adhesives.
Asia-Pacific Construction Adhesives & Sealants Market

Rising construction investments likely to propel the demand for adhesives & sealants in the future

  • Asia-Pacific is a booming market for construction adhesives. Despite a slowdown in construction and real estate activities during the first half of 2020 as the COVID-19 pandemic affected Asia-Pacific countries, the area rebounded fast in 2021 and is expected to maintain solid growth throughout the forecast period 2022-2028. The Asia-Pacific region is expected to be the most important construction and real estate market, accounting for roughly 40% of global production value by 2030.
  • Over the forecast period 2022-2028, China is expected to be the leading global construction and real estate industry, fueling regional growth. Decades of substantial Chinese investments in infrastructure expansions, a fast-rising urban population, and extensive foreign direct investment (FDI) into industrial facilities in the nation have contributed significantly to the rise of the Chinese construction sector. Due to the COVID-19 outbreak, China suffered a drop in residential and non-residential buildings in the first half of 2020 but recovered quickly as consumers' and corporate confidence returned. With the global surge in building material prices, including metals and wood, Chinese construction businesses are seeing a significant increase in manufacturing costs but are still able to pass these costs on to final customers.
  • Government infrastructure investment is critical to the building and real estate industries' revival following the COVID-19 pandemic. Major investments planned in China, India, Japan, and other regional leaders are expected to boost the Asia-Pacific market's growth in the short to medium term. All such factors are expected to increase the demand for construction adhesives and sealants across the region over the forecast period.

Asia-Pacific Construction Adhesives & Sealants Industry Segmentation

Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, 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.

  • Polyurethane and Acrylic resin-based adhesives and sealants are the most used among other reins types during the historical period, 2017-2021, and base year, 2021. They are expected to be the most used resin types during the forecast period because of the strong bonds and their applicability as structural adhesives. In Asia-Pacific, about 49% of the acrylic-based construction adhesives were manufactured in water-borne technology in 2021 and polyurethane based products were manufactured majorly in sealant technology.
  • Regionally, during 2019-20, the demand for construction adhesives and sealants grew by about 13% and is expected to grow by about 4.6% during the forecast period (2022 - 2028). Among all the resin types, silicone resin-based adhesives and sealants are expected to register the largest CAGR of around 5% during the forecast period (2022 - 2028).
  • China occupied the largest share of the demand for construction adhesives and sealants globally. In 2021, the demand generated from China was 1.2 billion kilograms and the demand is expected to reach 1.8 billion kilograms with a CAGR of 6.9% by 2028. Polyurethane, acrylic, and silicon resin-based adhesives and sealants products are expected to occupy more than 50% of the total demand generated by China's construction industry. Japan is the second-largest consumer of construction adhesives, and it had about 12% of shares in 2021, is expected to register a CAGR of about 2.7% during the forecast period (2022 - 2028). Japan is seeing an increased number of skyscraper and high-rise building projects, which has been the major source of the demand for adhesives.
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
Technology
Hot Melt
Reactive
Sealants
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 Construction Adhesives & Sealants Market Size Summary

The Asia-Pacific construction adhesives and sealants market is poised for significant growth, driven by the region's robust construction activities and urbanization trends. The market is characterized by the dominance of polyurethane and acrylic resin-based products, which are favored for their strong bonding capabilities and structural applications. The region's construction sector, particularly in China, Japan, and India, is experiencing a resurgence post-COVID-19, with substantial government investments in infrastructure and real estate projects. This resurgence is expected to fuel the demand for adhesives and sealants, as these materials are integral to the construction of residential and non-residential buildings. The market is also witnessing increased interest from international investors, attracted by the promising returns in developing countries within the region.

China stands out as a key player in the Asia-Pacific construction adhesives and sealants market, with its expansive infrastructure projects and urbanization efforts driving demand. The country's construction industry, the largest globally, is supported by significant government spending and foreign direct investment. Japan and India also contribute to the market's growth, with Japan's high-rise building projects and India's urban expansion playing pivotal roles. The market is fragmented, with major companies like 3M, Aica Kogyo Co. Ltd., Arkema Group, Henkel AG & Co. KGaA, and Sika AG leading the charge. These companies are actively expanding their operations and product offerings to cater to the growing demand for high-quality adhesives and sealants in the region.

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Asia-Pacific Construction Adhesives & Sealants 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 Resin

      1. 1.1.1 Acrylic

      2. 1.1.2 Cyanoacrylate

      3. 1.1.3 Epoxy

      4. 1.1.4 Polyurethane

      5. 1.1.5 Silicone

      6. 1.1.6 VAE/EVA

      7. 1.1.7 Other Resins

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Sealants

      4. 1.2.4 Solvent-borne

      5. 1.2.5 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 Construction Adhesives & Sealants Market Size FAQs

The Asia-Pacific Construction Adhesives & Sealants Market size is expected to reach USD 6.56 billion in 2024 and grow at a CAGR of 6.74% to reach USD 8.52 billion by 2028.

In 2024, the Asia-Pacific Construction Adhesives & Sealants Market size is expected to reach USD 6.56 billion.

Asia-Pacific Construction Adhesives & Sealants Market Report Snapshots

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