Market Size of Asia-Pacific Construction Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Construction Adhesives Market Analysis
The Asia-Pacific construction adhesives market is expected to grow at with a CAGR greater than 6 % during the forecast period. One of the major factors driving the market is the growing demand from the construction sector.
- Growing demand panels and glazing in high rise buildings 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 owing to the growing construction industry in the country.
- Among the technologies, waterborne adhesives are expected to dominate the market during the forecast period.
APAC Construction Adhesives Industry Segmentation
The Asia-Pacific construction adhesives market report includes:
Resin Type | |
Acrylics | |
Epoxy | |
Polyurethanes | |
Polyvinyl Acetate (PVA) | |
Silicones | |
Other Resin Types |
Technology | |
Water-borne | |
Reactive | |
Hot-melt | |
Others |
End-use Sector | |
Residential | |
Commercial | |
Infrastructure | |
Industrial |
Geography | |
China | |
India | |
Japan | |
South Korea | |
ASEAN Countries | |
Rest of Asia-Pacific |
Asia-Pacific Construction Adhesives Market Size Summary
The Asia-Pacific construction adhesives market is poised for significant growth, driven primarily by the burgeoning demand from the construction sector. This demand is particularly pronounced in the high-rise building segment, where panels and glazing are increasingly utilized. China stands out as a dominant force in the market, largely due to its expansive construction industry, which continues to expand with substantial investments in real estate and infrastructure. The market is characterized by a moderate level of consolidation, with key players such as 3M, Dow, H.B. Fuller Company, Henkel AG & KGaA, and Sika AG holding significant shares. Among the various technologies, waterborne adhesives are expected to lead the market, favored for their low-VOC properties and versatility in applications like tile bonding and laminating.
Waterborne adhesives, which use water as a carrier or diluent, are particularly popular in the Asia-Pacific construction industry. These adhesives are derived from both synthetic and natural polymers, making them suitable for a range of construction applications. Acrylic and latex waterborne adhesives are commonly used for pressure-sensitive applications, labels, and tapes. The preference for waterborne technology is anticipated to continue, aligning with the region's growing construction activities. China's robust construction sector, supported by government infrastructure investments and a focus on residential and commercial real estate, is a key driver of this market trend. As a result, China is expected to maintain its leading position in the Asia-Pacific construction adhesives market throughout the forecast period.
Asia-Pacific Construction 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 Growing Demand from Construction Industry
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1.2 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 Epoxy
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2.1.3 Polyurethanes
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2.1.4 Polyvinyl Acetate (PVA)
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2.1.5 Silicones
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2.1.6 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Reactive
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2.2.3 Hot-melt
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2.2.4 Others
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2.3 End-use Sector
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Infrastructure
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2.3.4 Industrial
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2.4 Geography
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2.4.1 China
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2.4.2 India
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2.4.3 Japan
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2.4.4 South Korea
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2.4.5 ASEAN Countries
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2.4.6 Rest of Asia-Pacific
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Asia-Pacific Construction Adhesives Market Size FAQs
What is the current Asia-Pacific Construction Adhesives Market size?
The Asia-Pacific Construction Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Construction Adhesives Market?
3M, H.B. Fuller Company, Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Asia-Pacific Construction Adhesives Market.