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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.
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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.
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