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Asia Pacific Sealants and Adhesives Market to Reach USD 27.7 billion by 2024.

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"According to a new report by EMR titled, ‘Asia Pacific Sealants and Adhesives Market Report and Forecast 2019-2024’, the Asia Pacific sealants and adhesives market reached a value of USD 20.7 billion in 2018. The market is further expected to attain a value of USD 27.7 billion by 2024."

The Asia Pacific sealants and adhesives market is significantly driven by the growing urbanisation resulting in increased construction activities. Adhesives refer to the liquid that is used to join two surfaces through adhesion. It is stronger, longer lasting and stiffer compared to sealants. On the other hand, sealants are highly flexible paste-like materials used to fill as well as seal gaps between surfaces or connectors.

The Asia Pacific is one of the biggest sealants and adhesives markets owing to the fast-developing economies in the region. India and China are the most prominent markets in this region. These two developing countries are witnessing a rising demand for new infrastructure due to the growing urban population and supportive government initiatives looking to increase urban housing. The increasing demand for construction material is, thus, driving the growth for the sealants and adhesives market in the Asia Pacific.

With the Asia Pacific market witnessing robust expansion, leading global companies are also seeking to expand their profile in the region. HB Fuller Co (NYSE: FUL), one of the leading players in the Asia Pacific sealants and adhesives market, is expanding its consumer base in Southeast Asia. In 2016, the company announced that they are opening a new manufacturing plant for water-based adhesives in Indonesia. The Asia Pacific region is also a high potential market for the company because of the increasing demand for hygiene products like baby diapers, which uses adhesives as a raw material.

Market Analysis by Type, End Use, and Region:

  • Adhesives are widely categorised into reactive systems, solvent-based, pressure sensitive, water-based, and hot melt, among others. 
  • Reactive systems are further divided into epoxy, polyurethane, and others. 
  • Solvent-based adhesives are vinyl acetate, PVA (Polyvinyl Acetate) and rubber, among others.
  • Pressure sensitive adhesive type is sub-divided into acryl, and rubber types, among others.
  • Water-based adhesives are acryl emulsion and vinyl acetate.
  • The hot melt adhesives can be categorised as EVA (Ethylene Vinyl Acetate) and rubber, among others. 
  • The major types of sealants are silicones, acrylic, butyls, polysulphides, and polyurethanes, among others.
  • While paper, board and related products, building, construction, civil engineering, and craftsmen, woodworking and joinery, transportation, footwear and leather, consumer/DIY, and assembly operations, among others, are the major end-use sectors for adhesives, construction, consumer/DIY, assembly, and transportation, among others, are the significant end-use sectors for sealants.
  • The regions included in the Asia Pacific sealants and adhesive market are China, Japan, and India, among others.

Key Findings of the Report:

  • Increased construction projects taking place in the Asia Pacific region due to the rapid urbanisation is a major driver for the industry.
  • The growing economies in the region is a key factor for the market growth.
  • The growing packaging industry is further supporting the growth of the sealants and adhesives market in the Asia Pacific.
  • The rising demand for packaged food, beverages, and personal care products is further propelling the sealants and adhesives market further.
  • Sealants and adhesive are also finding wide applications in the automobiles industry, like in the production of light-weight vehicles.
  • The growing automotive market in the major markets like India and China, will aid the growth of the Asia Pacific sealants and adhesives.

Key Offerings of the Report:

  • The EMR report offers a detailed historical (2014-2018) and forecasted (2019-2024) market for sealants and adhesives in the Asia Pacific market.
  • The report provides an in-depth analysis of the market for the periods 2014-2018 and 2019-2024, according to end-use and regions.
  • It offers a trade analysis of the major exporting and importing countries by their value and volume for the year, 2018. 
  • It also provides an in-depth insight into the region-wise historical (2014-2018) and forecast (2019-2024) price trends of sealants and adhesives.

The major key players in the in the Asia Pacific sealants and adhesives market are Henkel AG & Company, KGaA, H.B. Fuller Company, Arkema Inc., Sika AG , Wacker Chemie AG, Saint-Gobain S.A, Evonik Chemicals Limited, Pioneer Adhesives Inc., Shandong Evergain Adhesive Co., Ltd, ITLS (H.K.) Co., Limited., and Pidilite Industries Limited, among others. The report provides a detailed insight into the latest developments of the competitive landscape of the Asia Pacific sealants and adhesives market like market share, plant turnarounds, expansions of capacity, and mergers and acquisitions.

About Us:

EMR is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At EMR, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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"Asia Pacific Sealants and Adhesives Market: By Country: China, Japan, India, Others; By Product Type: Reactive Systems (Epoxy, Polyurethane, Others), Solvent Based (Vinyl Acetate, PVA (Polyvinyl Acetate), Rubber, Others), Pressure Sensitive (Acryl, Rubber, Others), Water Based (Acryl Emulsion, Vinyl Acetate, Others), Hot Melt (EVA (Ethylene Vinyl Acetate), Rubber, Others); Historical Production and Consumption (2014-2018); Production and Consumption Forecast (2019-2024); SWOT Analysis; Competitive Landscape & Supplier Analysis"

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