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

The Asia-Pacific EVA Adhesives Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery), by Technology (Hot Melt, Solvent-borne, Water-borne) and by Country (Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand). Market Value in USD and Volume in tons are both presented. Key Data Points observed include the volume of automobile production, plastic and paper and paperboard packaging production, new construction floor area, aircraft production and deliveries.

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Asia-Pacific EVA Adhesives Market Size

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https://s3.mordorintelligence.com/study%20period/1629296433432_test~study_period_study_period.svg Study Period 2017 - 2028
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2024) USD 4.12 Billion
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg Market Size (2028) USD 5.31 Billion
https://s3.mordorintelligence.com/hydraulic_fluids/1629285650767_test~hydraulic_fluids_hydraulic_fluids.svg Largest Share by End User Industry Packaging
https://s3.mordorintelligence.com/cagr/1629296433433_test~cagr_cagr.svg CAGR (2024 - 2028) 6.52 %
https://s3.mordorintelligence.com/globe/1629285706162_test~globe_globe.svg Largest Share by Country China

Major Players

Asia-Pacific EVA Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Asia-Pacific EVA Adhesives Market Analysis

The Asia-Pacific EVA Adhesives Market size is estimated at 4.12 billion USD in 2024, and is expected to reach 5.31 billion USD by 2028, growing at a CAGR of 6.52% during the forecast period (2024-2028).

4.12 Billion

Market Size in 2024 (USD)

5.31 Billion

Market Size in 2028 (USD)

6.56 %

CAGR (2017-2023)

6.52 %

CAGR (2024-2028)

Largest Market by End-user Industry

66.10 %

value share, Packaging, 2023

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Packaging is the dominant end-user industry in the market owing to its wide-ranging applications, including cardboard sealing and joining, paper packaging, and laminating films.

Largest Market by Technology

61.61 %

value share, Hot Melt, 2023

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Hot melt is the largest technology type in the market owing to its wide-ranging applications across major end-user industries, including packaging and automotive.

Largest Market by Country

44.19 %

value share, China, 2023

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In the Asia-Pacific EVA adhesives market, China holds the largest market share owing to the strong presence of manufacturers in the country's paper and paperboard and plastic packaging industries.

Fastest Growing Market by Country

7.47 %

Projected CAGR, India, 2024-2028

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Due to its increasing population and rapid urbanization, India is likely to be the fastest-growing country in the market during the forecast period.

Leading Market Player

4.92 %

market share, Aica Kogyo Co..Ltd., 2021

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Aica Kogyo Co. Ltd is the leading EVA/VAE adhesives manufacturer in the region due to its strong geographical presence and widespread applications of its products in the packaging industry.

Packaging is the fastest-growing end-user and remains as pole position

  • EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion, among others.
  • The demand for EVA adhesives has grown significantly from 2017 to 2019. The footwear and leather industry in South Korea witnessed the highest growth (of 27.62%) in the Asia-Pacific EVA adhesives market.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the footwear and leather industry suffered the most, declining by 14.22% y-o-y. As global footwear consumption decreased by 22% y-o-y in 2020, footwear manufacturers concentrated in the Asia-Pacific region had to reduce their production. This negatively affected the demand for EVA adhesives in this industry.
  • The industry's growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 5.09% during the forecast period 2022-2028. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the largest share of the demand and is expected to remain the largest end-user industry during the forecast period 2022-2028.
Asia-Pacific EVA Adhesives Market

The large manufacturing capacities of the Asia-Pacific region helped to secure the highest demand for EVA adhesives

  • From 2017 to 2021, the demand for the EVA adhesives market generated from Asia-Pacific was the highest among all regions. This region's share of adhesive demand has consistently accounted for 46-47% of the global demand because of the region's high manufacturing capacity in all end-user industries. EVA resin-based adhesives with hot-melt technologies generate most of the demand in the area.
  • From 2017 to 2019, the demand for adhesives from this region recorded a CAGR of less than 1%. The slow growth in EVA resin-based adhesives was due to a decrease in construction activities and automotive production in the region. The demand from these end-user industries declined at CAGRs of -2.4% and -2.25% in 2018 and 2019, respectively.
  • In 2020, the demand from all end-user industries across the region declined due to constraints in operations, labor, raw material, supply chain, and other aspects. Among all industries in the region, the Australian footwear industry took the worst hit, declining by 49.53% Y-o-Y in volume terms in 2020. The decrease in domestic demand was due to the low purchasing power resulting from a weak economy, severely affecting this industry during the pandemic.
  • In 2021, the demand for EVA resin-based adhesives quickly rebounded to the pre-pandemic volumes as restrictions eased. The Indian market witnessed the highest Y-o-Y growth of 8.55% in volume terms. The overall demand from the Asia-Pacific region is expected to grow, recording a CAGR of 4.46%, during the forecast period. This demand growth is expected to be driven by the region's construction, packaging, and automotive industries during the forecast period. 

Asia-Pacific EVA Adhesives Market Trends

Fast paced growth of e-commerce industry in developing nations to augment the industry

  • Packaging is mainly used for protection, containment, information, utility, and promotion. This makes packaging an integral part of most industries. In 2017, packaging usage accounted for 2.5 billion ton of packaging, including paper and paperboard and plastic packaging. In 2020, due to the COVID-19 pandemic, the market registered a negative growth rate of 7.4% due to disruptions in the supply chain, shortage of packaging material, restrictions on the import and export of goods, and factories operating at low capacity.
  • Governments of different Asian countries have taken steps to reduce the use of plastic, as China and Indonesia are the first and second-largest contributors to plastic waste in the ocean. China has announced new restrictions on excessive packaging, requiring all food and cosmetics producers to adhere to specific guidelines determining the volume of packaging allowed in proportion to a product. The extended producer responsibility (EPR) regulation imposed by the Indonesian government will oblige producers and retailers to redesign their product packaging to include a higher proportion of recyclable material.
  • In 2021, the market registered a positive growth of 8%, with 2.7 billion ton of packaging material used for various purposes. The packaging industry is expected to keep growing due to the rising middle-income population, improvement of supply chains, and rising e-commerce activities, which have significantly boosted the packaging industry in the past few years as special packaging is required for shipping goods. The growing Asian market is expected to boost packaging usage, enabling it to register a CAGR of 5.7% during the forecast period (2022-2028).
Asia-Pacific EVA Adhesives Market

Increasing adoption of electric vehicles to drive the industry

  • The Asia-Pacific automotive industry is one of the leading industries in the market, as the sales of automotive vehicles are largely increasing. Among all the countries, China is the largest automotive producer, accounting for about 57% of the regional production, followed by Japan with 17%, India with 10%, and South Korea with 8%.  
  • Vehicle sales in the region have majorly declined along with production, owing to which the utilization of adhesives has been impacted. While the Y-o-Y variation in 2017-18 was -1.8%, it fell further by -6.4% in 2018-19. In 2019-20, regional production was again impacted negatively and recorded a -10.2% decline from the previous year due to the COVID-19 pandemic. The shutdown of manufacturing facilities and the shortage of vehicle components due to disruptions in the supply chain constrained the production level. However, in 2021, the demand for automobiles rose again and is expected to continue, thereby increasing the utilization of adhesives across the region over the forecast period.
  • The EV market in Asia-Pacific offers another opportunity for the adhesives market to grow. The rising production and adoption of EVs and hybrid vehicles are boosting the usage of adhesives for electronic component assembly in vehicles. China is the largest producer of EVs globally as well as across the region. From 2016 to 2021, the volume of commercial electric vehicles increased from 562,603 to 1,116,382 units, recording a growth rate of about 98%. These factors are expected to increase the demand for adhesives and result in the higher market growth over the forecast period.
Asia-Pacific EVA Adhesives Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Rapid growth of civil aviation will propel the aerospace industry
  • Large concentration of footwear exporters in the Asia-Pacific region will facilitate the industry growth
  • Raising investment to expand infrastructural activities will augment the industry size
  • High presence of furniture manufacturers in the Asia-Pacific region will propel the industry

Asia-Pacific EVA Adhesives Industry Overview

The Asia-Pacific EVA Adhesives Market is fragmented, with the top five companies occupying 9.91%. The major players in this market are Aica Kogyo Co..Ltd., Arkema Group, Dow, Henkel AG & Co. KGaA and NANPAO RESINS CHEMICAL GROUP (sorted alphabetically).

Asia-Pacific EVA Adhesives Market Leaders

  1. Aica Kogyo Co..Ltd.

  2. Arkema Group

  3. Dow

  4. Henkel AG & Co. KGaA

  5. NANPAO RESINS CHEMICAL GROUP

Asia-Pacific EVA Adhesives Market Concentration

Other important companies include CEMEDINE Co.,Ltd., H.B. Fuller Company, OKONG Corp., Paramelt B.V., Selic Corp Public Company Limited..

*Disclaimer: Major Players sorted in alphabetical order.

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Asia-Pacific EVA Adhesives Market News

  • July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.
  • June 2021: H.B. Fuller signed a distribution agreement with Jubilant Agri and Consumer Products to promote its adhesive solutions in the woodworking segment in India.
  • May 2021: Henkel announced an investment of EUR 60 million to construct a new innovation center for its Adhesive Technologies unit in Shanghai to strengthen its footprint in China.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.

Asia-Pacific EVA Adhesives Market
Asia-Pacific EVA Adhesives Market
Asia-Pacific EVA Adhesives Market
Asia-Pacific EVA Adhesives Market

Asia-Pacific EVA Adhesives Market Report - Table of Contents

1. EXECUTIVE SUMMARY & KEY FINDINGS

2. REPORT OFFERS

3. INTRODUCTION

  • 3.1 Study Assumptions & Market Definition
  • 3.2 Scope of the Study​
  • 3.3 Research Methodology

4. KEY INDUSTRY TRENDS

  • 4.1 End User Trends
    • 4.1.1 Aerospace
    • 4.1.2 Automotive
    • 4.1.3 Building and Construction
    • 4.1.4 Footwear and Leather
    • 4.1.5 Packaging
    • 4.1.6 Woodworking and Joinery
  • 4.2 Regulatory Framework
    • 4.2.1 Australia
    • 4.2.2 China
    • 4.2.3 India
    • 4.2.4 Indonesia
    • 4.2.5 Japan
    • 4.2.6 Malaysia
    • 4.2.7 Singapore
    • 4.2.8 South Korea
    • 4.2.9 Thailand
  • 4.3 Value Chain & Distribution Channel Analysis

5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

  • 5.1 End User Industry
    • 5.1.1 Aerospace
    • 5.1.2 Automotive
    • 5.1.3 Building and Construction
    • 5.1.4 Footwear and Leather
    • 5.1.5 Healthcare
    • 5.1.6 Packaging
    • 5.1.7 Woodworking and Joinery
    • 5.1.8 Other End-user Industries
  • 5.2 Technology
    • 5.2.1 Hot Melt
    • 5.2.2 Solvent-borne
    • 5.2.3 Water-borne
  • 5.3 Country
    • 5.3.1 Australia
    • 5.3.2 China
    • 5.3.3 India
    • 5.3.4 Indonesia
    • 5.3.5 Japan
    • 5.3.6 Malaysia
    • 5.3.7 Singapore
    • 5.3.8 South Korea
    • 5.3.9 Thailand
    • 5.3.10 Rest of Asia-Pacific

6. COMPETITIVE LANDSCAPE

  • 6.1 Key Strategic Moves
  • 6.2 Market Share Analysis
  • 6.3 Company Landscape
  • 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
    • 6.4.1 Aica Kogyo Co..Ltd.
    • 6.4.2 Arkema Group
    • 6.4.3 CEMEDINE Co.,Ltd.
    • 6.4.4 Dow
    • 6.4.5 H.B. Fuller Company
    • 6.4.6 Henkel AG & Co. KGaA
    • 6.4.7 NANPAO RESINS CHEMICAL GROUP
    • 6.4.8 OKONG Corp.
    • 6.4.9 Paramelt B.V.
    • 6.4.10 Selic Corp Public Company Limited.

7. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

8. APPENDIX

  • 8.1 Global Adhesives and Sealants Industry Overview
    • 8.1.1 Overview
    • 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
    • 8.1.3 Global Value Chain Analysis
    • 8.1.4 Drivers, Restraints, and Opportunities
  • 8.2 Sources & References
  • 8.3 List of Tables & Figures
  • 8.4 Primary Insights
  • 8.5 Data Pack
  • 8.6 Glossary of Terms
** Subject To Availablity

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF AIRCRAFTS DELIVERED, UNITS, ASIA-PACIFIC, 2017-2028
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, ASIA-PACIFIC, 2017-2028
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017-2028
  1. Figure 4:  
  2. PRODUCTION VOLUME OF FOOTWEAR, PAIRS, ASIA-PACIFIC, 2017-2028
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, ASIA-PACIFIC, 2017-2028
  1. Figure 6:  
  2. PRODUCTION VOLUME OF FURNITURE, UNITS, ASIA-PACIFIC, 2017-2028
  1. Figure 7:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 8:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 9:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 10:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 11:  
  2. VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 12:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 13:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 14:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 15:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 16:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 17:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 18:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 19:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 20:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 21:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 22:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 23:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 24:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 25:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 26:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 27:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 28:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 29:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 30:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 31:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 32:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 33:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 34:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 35:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 36:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 37:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 38:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 39:  
  2. VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 40:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 41:  
  2. VOLUME OF HOT MELT VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 42:  
  2. VALUE OF HOT MELT VAE/EVA ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 43:  
  2. VALUE SHARE OF HOT MELT VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 44:  
  2. VOLUME OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 45:  
  2. VALUE OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 46:  
  2. VALUE SHARE OF SOLVENT-BORNE VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 47:  
  2. VOLUME OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 48:  
  2. VALUE OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 49:  
  2. VALUE SHARE OF WATER-BORNE VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, ASIA-PACIFIC, 2021 VS 2028
  1. Figure 50:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
  1. Figure 51:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
  1. Figure 52:  
  2. VOLUME SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 53:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
  1. Figure 54:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
  1. Figure 55:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, AUSTRALIA, 2017 - 2028
  1. Figure 56:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, AUSTRALIA, 2021 VS 2028
  1. Figure 57:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, CHINA, 2017 - 2028
  1. Figure 58:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, CHINA, 2017 - 2028
  1. Figure 59:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, CHINA, 2021 VS 2028
  1. Figure 60:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, INDIA, 2017 - 2028
  1. Figure 61:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, INDIA, 2017 - 2028
  1. Figure 62:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDIA, 2021 VS 2028
  1. Figure 63:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 64:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 65:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 66:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
  1. Figure 67:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, JAPAN, 2017 - 2028
  1. Figure 68:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, JAPAN, 2021 VS 2028
  1. Figure 69:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
  1. Figure 70:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, MALAYSIA, 2017 - 2028
  1. Figure 71:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, MALAYSIA, 2021 VS 2028
  1. Figure 72:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
  1. Figure 73:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SINGAPORE, 2017 - 2028
  1. Figure 74:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SINGAPORE, 2021 VS 2028
  1. Figure 75:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
  1. Figure 76:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, SOUTH KOREA, 2017 - 2028
  1. Figure 77:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, SOUTH KOREA, 2021 VS 2028
  1. Figure 78:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
  1. Figure 79:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, THAILAND, 2017 - 2028
  1. Figure 80:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, THAILAND, 2021 VS 2028
  1. Figure 81:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
  1. Figure 82:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
  1. Figure 83:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
  1. Figure 84:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
  1. Figure 85:  
  2. MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
  1. Figure 86:  
  2. REVENUE SHARE OF VAE/EVA ADHESIVES BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2021

Asia-Pacific EVA Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, 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.

  • EVA adhesives find applications in various end-user industries, including packaging, automotive, woodworking and joinery, and building and construction. These adhesives can bond substrates like paper, wood, plastics, rubbers, metals, and leather. Some major applications of these adhesives are paper/card stock boxes, package labeling, carton sealing, assembly, vehicle interiors, and paper conversion, among others.
  • The demand for EVA adhesives has grown significantly from 2017 to 2019. The footwear and leather industry in South Korea witnessed the highest growth (of 27.62%) in the Asia-Pacific EVA adhesives market.
  • In 2020, the demand for EVA adhesives declined from all end-user industries because of various factors such as operational and trade restrictions, supply chain constraints, and labor shortages due to the COVID-19 pandemic. The demand from the footwear and leather industry suffered the most, declining by 14.22% y-o-y. As global footwear consumption decreased by 22% y-o-y in 2020, footwear manufacturers concentrated in the Asia-Pacific region had to reduce their production. This negatively affected the demand for EVA adhesives in this industry.
  • The industry's growth trend is expected to continue during the forecast period. In volume terms, the demand for EVA adhesives from all end-user industries combined is expected to record a CAGR of 5.09% during the forecast period 2022-2028. The packaging industry favors EVA adhesives over others because of their fast-curing properties and, thus, accounts for the largest share of the demand and is expected to remain the largest end-user industry during the forecast period 2022-2028.
End User Industry Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology Hot Melt
Solvent-borne
Water-borne
Country Australia
China
India
Indonesia
Japan
Malaysia
Singapore
South Korea
Thailand
Rest of Asia-Pacific
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the EVA adhesives market.
  • Product - All EVA adhesive products are considered in the market studied
  • Resin - Under the scope of the study, flexible Ethylene Vinyl Acetate Copolymer resin is considered
  • Technology - For the purpose of this study, Water-borne, Solvent-borne, and Hot Melt adhesive technologies are taken into consideration.
Keyword Definition
Hot-melt Adhesive Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed.
Reactive Adhesive A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive.
Solvent-borne Adhesive Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers).
Water-borne Adhesive Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent.
UV Cured Adhesive UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives.
Heat-resistant Adhesive Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage.
Reshoring Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this.
Oleochemicals Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats.
Nonporous Materials Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow.
EU-Vietnam Free Trade Agreement A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019.
VOC content Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants.
Emulsion Polymerization Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product.
2025 National Packaging Targets In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025.
Russian Government’s Import Substitution Policy The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015.
Paper Substrate Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered.
Insulation Material A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils.
Thermal Shock A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Asia-Pacific EVA Adhesives Market Research FAQs

The Asia-Pacific EVA Adhesives Market size is expected to reach USD 4.12 billion in 2024 and grow at a CAGR of 6.52% to reach USD 5.31 billion by 2028.

In 2024, the Asia-Pacific EVA Adhesives Market size is expected to reach USD 4.12 billion.

Aica Kogyo Co..Ltd., Arkema Group, Dow, Henkel AG & Co. KGaA and NANPAO RESINS CHEMICAL GROUP are the major companies operating in the Asia-Pacific EVA Adhesives Market.

In the Asia-Pacific EVA Adhesives Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, China accounts for the largest share by country in the Asia-Pacific EVA Adhesives Market.

In 2023, the Asia-Pacific EVA Adhesives Market size was estimated at 4.12 billion. The report covers the Asia-Pacific EVA Adhesives Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific EVA Adhesives Market size for years: 2024, 2025, 2026, 2027 and 2028.

Asia-Pacific EVA Adhesives Industry Report

Statistics for the 2023 Asia-Pacific EVA Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific EVA Adhesives analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Asia-Pacific EVA Adhesives Market Report Snapshots

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

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