According to the report by Expert Market Research (EMR), the Asia Pacific sealants and adhesives market grew significantly in 2023. Aided by the thriving construction sector in the region, the market is expected to witness a steady growth in the forecast period 2024-2032.
Sealants and adhesives, two critical components in construction and manufacturing sectors, have shown an upward trajectory in their demand, especially within the Asia Pacific region. These compounds serve distinct purposes, with sealants primarily being used to block the passage of fluids through the surface or joints, while adhesives are substances used to bind two surfaces together.
Driving the Asia Pacific sealants and adhesives market growth, is the rapid industrialisation and urbanisation witnessed across major Asian economies, including China, India, Japan, and South Korea. The flourishing automotive and construction sectors, in particular, are contributing massively to the burgeoning demand for sealants and adhesives in the region.
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In addition to their conventional applications, innovative uses of sealants and adhesives are being discovered and tapped into. For instance, the electronics industry, which is booming in countries like South Korea and China, employs these compounds for purposes like binding internal components and waterproofing.
The Asia Pacific region, renowned for its focus on sustainable and green construction, has also been exploring eco-friendly sealants and adhesives. This has not only led to an increase in their overall demand but has also prompted research and development initiatives aiming to produce environmentally-friendly variants.
The escalating growth in the automotive industry is further escalating the Asia Pacific sealants and adhesives market demand. With major global players having their manufacturing bases in Asian countries, the need for high-performance sealants and adhesives, especially those that can withstand high temperatures and are resistant to chemicals, has surged.
Moreover, with the burgeoning middle class in Asia Pacific countries, there’s been a spike in DIY (Do-It-Yourself) projects, which further propels the sales of sealants and adhesives in smaller packaged formats, suitable for household uses.
According to the Asia Pacific sealants and adhesives market analysis, the packaging industry, another rapidly expanding sector in the Asia Pacific due to the e-commerce boom, heavily relies on adhesives for packaging goods securely. This has led to an increased demand, especially for hot-melt adhesives which offer stronger bonding as compared to traditional glue.
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Asia Pacific Sealants and Adhesives Market Segmentation
The Asia Pacific adhesives market can be divided based on product type, application, and country.
Market Breakup by Product Type
- Reactive Systems
- Epoxy
- Polyurethane
- Solvent Based
- Vinyl Acetate
- PVA (Polyvinyl Acetate)
- Rubber
- Pressure Sensitive
- Acryl
- Rubber
- Water Based
- Acryl Emulsion
- Vinyl Acetate
- Hot Melt
- EVA (Ethylene Vinyl Acetate)
- Rubber
Market Breakup by Application
- Paper, Board and Related Products
- Building, Construction, Civil Engineering, Craftsmen
- Woodworking and Joinery
- Transportation
- Footwear and Leather
- Consumer/DIY
- Assembly Operations
- Others
The Asia Pacific sealants market can be divided based on product type, application, and country.
Market Breakup by Product Type
- Silicones
- Acrylic
- Butyls
- Polysulphides
- Polyurethanes
- Others
Market Breakup by Application
- Construction
- Consumer/DIY
- Assembly
- Transportation
Market Breakup by Country
- China
- Japan
- India
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Asia Pacific sealants and adhesives market. Some of the major players explored in the report by Expert Market Research are as follows:
- Henkel AG & Company, KGaA
- B. Fuller Company
- Arkema Inc.
- Pioneer Adhesives Inc.
- Sika AG
- Wacker Chemie AG
- Saint-Gobain S.A
- Evonik Chemicals Limited
- Pidilite Industries Limited
- Shandong Evergain Adhesive Co., Ltd.
- ITLS (H.K.) Co., Limited.
- Others
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