Asia-Pacific Adhesives and Sealants Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Asia-Pacific Adhesives and Sealants Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Asia-Pacific adhesives and sealants market is expected to grow at a CAGR of more than 5% during the forecast period. The demand for adhesives and sealants is extensively driven by the growing demand from construction industry and increasing application in packaging industry. However, the growth is likely to be hindered by the stringent VOC emissions regulations related to adhesives and sealants.

• In the studied market, water-borne dominates the adhesive technology segment. While silicone stands to be the largest segment among sealant product types.
• The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the adhesives and sealants market.
• China stands to be the largest market for adhesive and sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, electronics and packaging.

• Paper, board, and packaging segment stands to be the largest end-user industry for adhesives and sealants market in the region.
• Its applications include composite containers, tubes, bags, carton side seam and closures, cups, labels, specialty envelopes, foil laminates, films, disposables (non-woven), and corrugated boards.
• An extremely high proportion of industrial products are sold in packages, either due to stability requirements for storage and transport, or for aesthetic reasons. Most packaging materials presently used are different materials laminated together, which require the use of adhesives.
• One of the key factors that has been accelerating the growth of the segment includes growing e-commerce platform and increasing consumption with rise in income levels of the masses.
• Therefore, with extensive application in paper, board and packaging industry and increased demand for packaging materials especially due to growing e-commerce industry, the consumption of adhesives and sealants in this segment is expected to increase further in the region over the forecast period.

• China dominates the consumption of adhesives and sealants in the region. Growing construction activities, increasing consumption in packaging industry and electronics production to support demand in international market are some of the key factors driving the consumption of adhesives and sealants market in the country.
• China holds the largest packaging industry in the region. The country is expected to witness a consistent growth during the forecast period, owing to the rise of customized packaging, increased demand for packaged consumerist goods, in the food segment, like microwave food, snack foods, and frozen foods, etc.
• The construction sector has been recording a healthy growth in the country, owing to significant increase in government investment on large-scale infrastructure projects in order to ensure steady growth of the economy.
• Moreover, owing to the growing air traffic, the government has planned to increase the number of airports to around 450 by 2035, which indicates about 91% increase over the current number of airports in the country. In this regards, there are numerous airport construction projects, which are either in development or planning stage in the country.
• Hence, all such trends in the end-user industries are expected to drive the growth of adhesives and sealants market in the country over the forecast period.

Asia-Pacific adhesives and sealants market is a consolidated market with many healthy competitions in the market. The major companies are 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others.

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support