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The Asia Pacific sealants and adhesives market attained a value of nearly USD 21.6 billion in 2019. It is expected to witness a steady growth in the forecast period 2020-2025 and is projected to reach USD 28.3 billion by 2025.
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Globally, paper, board and related products along with building, construction, civil engineering, and craftsmen are the major end-use industries for adhesives. Construction is also a major end-use segment for sealants along with consumers and DIY. Silicones are the leading sealant types. Reactive systems and water-based adhesives, on the other hand, are the significant adhesive types. Water-based and hot-melt adhesives are preferred for applications in paper and board, among other related materials. Adhesives are used for various paper and board bonding applications like lamination of sheets, constructions of corrugated boxes, and building packaging materials for a diverse number of consumer products like books, paper towels, and toilet rolls along with large industrial tubes utilised by manufacturers. In construction, a significant application sector for both sealants and adhesives, adhesives find their use in laying tiles and carpets, roofing, flooring, wall coverings, drywall lamination, and timber jointing, among other related applications.
The Asia Pacific is one of the largest markets for sealants and adhesives driven by the rapidly developing emerging economies within the region. China is the leading market in the region accounting for over a half of the regional industry. Japan and India are also some of the significant markets in the Asia Pacific. The healthy growth of the construction industry in China and India is expected to aid the sealants and adhesives market. The global construction industry is projected to attain USD 15.5 trillion by 2030, with China and India along with the US accounting for almost 57% of the expected growth. The infrastructural growth in China is being driven by the expansions planned in the railway network by the China State Railway Group (CR). In India, the construction sector is buoyed by the planned investments into expanding the urban infrastructure and building affordable housing by the government.
Properties and Applications
Sealants usually have paste-like consistencies and are used to fill in the gaps between surfaces and joints. Adhesives, on the other hand, are used to attach two surfaces with adhesion. While adhesives are stronger than sealants, sealants are more flexible of the two. Sealants are categorised as:
They find their applications in construction, consumer and DIY, transportation, and assembly, among others. Adhesives, on the other hand, find their applications in sectors like paper, board, and related products, building, construction, civil engineering, and craftsmen, woodworking and joinery, transportation, footwear, and leather, consumer/DIY, and assembly operations, among other sectors. They can be broadly be categorised as:
The report also gives an in-depth analysis of the major regional markets in the Asia Pacific like China, India, and Japan.
The Asia Pacific sealants and adhesives market is being driven by the growing infrastructural developments taking place in the region due to the rapid urbanisation. Nearly 60% of the global population resides in the Asia Pacific region. By 2040, the population of the cities in the region is expected to exceed 2 billion. The construction industry is, thus, finding impetus for its growth in the rapidly rising population. The sealants and adhesives industry will find further impetus in the rising construction of smart cities in the Asia Pacific. The investments in smart city technologies is expected to attain USD 45.3 billion in 2021 (excluding Japan).
The healthy growth of the economy in the region is also aiding the market growth, as it is driving the revenue growth of the various end-use sectors of sealants and adhesives like the construction and automotive sector. Between 2019 to 2023, the GDP in the emerging nation in the country is expected to grow at an annual average of 6.1%. India is expected to witness a robust economic growth in the coming five years, with its economy growing at an average of 7.3%.
The Asia Pacific sealants and adhesives market is also being propelled forward by the rising demand from the growing packaging industry in the Asia Pacific. The packaging industry in the region is being driven by the rapid growth of e-commerce platforms and the rising consumption of packaged goods across food and beverage, and personal care sectors. Sealants and adhesive are also finding extensive use in the automobiles industry, especially in the manufacturing of light-weight vehicles. The thriving automotive market in China and India will aid the growth of the Asia Pacific sealants and adhesives.
The report provides a detailed analysis of the key players in the Asia Pacific sealants and adhesives market, covering their market share, capacity, and latest developments like mergers, acquisitions, and investments, plant turnarounds, and capacity expansions:
The comprehensive report by EMR looks into the manufacturing process of sealants and adhesives and analyses the costs involved. It assesses the market based on the Porter’s five forces model. A SWOT, as well as the value chain analysis, has been provided, as well.
2 Research Methodology
3 Executive Summary
3.1 Market Overview
3.2 Key Demand Drivers
3.3 Key Players
3.4 Supply Market Changes
4 Global Sealants and Adhesives Market Outlook
5 Global Sealants and Adhesives Market
5.1 Global Sealants & Adhesives Market Analysis
5.1.1 Figure: Global Sealants and Adhesives Historical Market (2015-2019) & Forecast (2020-2025)
5.1.2 Chart: Global Sealants and Adhesives Market Breakup
5.1.3 Chart: Global Sealants and Adhesives Market Breakup by Region
126.96.36.199 Asia Pacific
188.8.131.52 Asia Pacific
184.108.40.206 Latin America
220.127.116.11 Middle East and Africa
6 Asia Pacific Sealants and Adhesives Market
6.1 Asia Pacific Sealants and Adhesives Market Analysis
6.1.1 Figure: Asia Pacific Sealants and Adhesives Historical Market (2015-2019) & Forecast (2020-2025)
6.1.2 Chart: Asia Pacific Sealants and Adhesives Market Breakup
6.1.3 Figure: Asia Pacific Sealants and Adhesives Market Breakup Historical Market (2015-2019) & Forecast (2020-2025)
6.1.4 Chart: Asia Pacific Sealants and Adhesives Market Breakup by Country
6.1.5 Figure: Asia Pacific Sealants and Adhesives Market Breakup by Country Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Asia Pacific Adhesives Market Analysis
6.2.1 Figure: Asia Pacific Adhesives Historical Market (2015-2019) & Forecast (2020-2025)
6.2.2 Figure: Asia Pacific Adhesives Market Breakup by Product Type
18.104.22.168 Reactive Systems
22.214.171.124 Solvent Based
126.96.36.199.1 Vinyl Acetate
188.8.131.52.2 PVA (Polyvinyl Acetate)
184.108.40.206 Pressure Sensitive
220.127.116.11 Water Based
18.104.22.168.1 Acryl Emulsion
22.214.171.124.2 Vinyl Acetate
126.96.36.199 Hot Melt
188.8.131.52.1 EVA (Ethylene Vinyl Acetate)
6.2.3 Figure: Asia Pacific Adhesives Market Breakup by End-Use Industries: Historical Market (2015-2019) & Forecast (2020-2025)
184.108.40.206 Paper, Board and Related Products
220.127.116.11 Building, Construction, Civil Engineering, Craftsmen
18.104.22.168 Woodworking and Joinery
22.214.171.124 Footwear and Leather
126.96.36.199 Assembly Operations
6.3 Asia Pacific Sealants Market Analysis
6.3.1 Figure: Asia Pacific Sealants Historical Market (2015-2019) & Forecast (2020-2025)
6.3.2 Figure: Asia Pacific Sealants Market Breakup by Product Type
6.3.3 Figure: Asia Pacific Sealants Market Breakup by End-Use Industries: Historical Market (2015-2019) & Forecast (2020-2025)
188.8.131.52 Construction (Incl. Insulating Glass, Glazing)
6.4 SWOT Analysis
6.5 Porter’s Five Forces Analysis
6.5.2 Buyer’s Power
6.5.3 Supplier’s Power
6.5.4 New Entrants
6.5.5 Degree of Rivalry
6.6 Value Chain Analysis
6.7 Global (HS Code-3901,3909,2915,2830) Trade Analysis (2019)
6.7.1 Major Exporting Countries by Value & Volume
6.7.2 Major Importing Countries by Value & Volume
6.8 Asia Pacific Sealants and Adhesives Price Analysis
184.108.40.206 EVA (Ethylene Vinyl Acetate) Historical Price Trends (2015-2019) & Forecast (2020-2025)
220.127.116.11 Polyurethanes Historical Price Trends (2015-2019) & Forecast (2020-2025)
18.104.22.168 Vinyl Acetate Historical Price Trends (2015-2019) & Forecast (2020-2025)
22.214.171.124 Polysulphides Historical Price Trends (2015-2019) & Forecast (2020-2025)
126.96.36.199 EVA (Ethylene Vinyl Acetate) Historical Price Trends (2015-2019) & Forecast (2020-2025)
188.8.131.52 Polyurethanes Historical Price Trends (2015-2019) & Forecast (2020-2025)
184.108.40.206 Vinyl Acetate Historical Price Trends (2015-2019) & Forecast (2020-2025)
220.127.116.11 Polysulphides Historical Price Trends (2015-2019) & Forecast (2020-2025)
18.104.22.168 EVA (Ethylene Vinyl Acetate) Historical Price Trends (2015-2019) & Forecast (2020-2025)
22.214.171.124 Polyurethanes Historical Price Trends (2015-2019) & Forecast (2020-2025)
126.96.36.199 Vinyl Acetate Historical Price Trends (2015-2019) & Forecast (2020-2025)
188.8.131.52 Polysulphides Historical Price Trends (2015-2019) & Forecast (2020-2025)
7 Competitive Landscape & Supplier Analysis
7.1 Henkel AG & Company, KGaA
7.2 H.B. Fuller Company
7.3 Arkema Inc.
7.4 Sika AG
7.5 Wacker Chemie AG
7.6 Saint-Gobain S.A
7.7 Evonik Chemicals Limited
7.8 Pioneer Adhesives Inc.
7.9 Shandong Evergain Adhesive Co., Ltd,
7.10 ITLS (H.K.) Co., Limited.
7.11 Pidilite Industries Limited
8 Events and Developments
Additional Customisation Available:
9 Manufacturing Process
9.1 Detailed Process Flow
9.2 Operations Involved
9.3 Mass Balance
10 Cost Analysis
10.1 Land, Location and Site Development
10.3 Plant Machinery
10.4 Cost of Raw Material
10.9 Other Capital Investment
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