Asia-Pacific Acrylic Adhesives Market - Growth, Trends, and Forecast (2020 - 2025)

The market is segmented by Technology (Water-based, Solvent-based, Reactive, and Other Technologies), End-user Industry (Packaging, Building and Construction, Transportation, Electrical and Electronics, Sporting Goods, Woodworking, and Other End-user Industries), and Geography (China, India, Japan, South Korea, ASEAN Countries, Australia & New Zealand, and Rest of Asia-Pacific).

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

CAGR:

5 %

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Market Overview

Asia-Pacific acrylic adhesives market is expected to grow at a CAGR of more than 5% during the forecast period. The demand for acrylic adhesives is widely driven by the growing demand from end-user industries, such as construction, woodworking and packaging. However, the market growth may be hindered by the stringent VOC emission regulations related to acrylic adhesives disposal and/or substitution from different feedstock.

  • The water-based acrylic adhesives segment is expected to be the fastest growing segment, owing to the increasing consumer awareness about the ill-effects of solvent-based adhesives on environment and human health.
  • Shifting focus towards the bio-based adhesives and replacement of solvent-borne adhesives in construction industry are likely to offer opportunities for the acrylic adhesives market in the region.
  • China stands to be the largest market for acrylic adhesives in the region, where consumption is majorly driven by the end-user industries, such as construction, woodworking and packaging.

Scope of the report

Asia-Pacific acrylic adhesives market report includes:

Technology
Water-based
Solvent-based
Reactive
Other Technologies
End-user Industry
Building and Construction
Electrical and Electronics
Packaging
Sporting Goods
Transportation
Woodworking
Other End-user Industries
Geography
China
India
Japan
South Korea
ASEAN Countries
Australia and New Zealand
Rest of Asia-Pacific

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Key Market Trends

Packaging Industry to Drive the Market Demand

  • The packaging industry dominates the consumption of acrylic adhesives, as they are widely useful in the manufacturing of various products, such as tapes, cases, labels, and cartons.
  • In Asia-Pacific, China, India, Indonesia and Vietnam are some of the countries which have been registering strong growth, further influencing the per capita income and consumption patterns of the masses. Such factors have been collectively increasing the consumption of fast-moving consumer goods in these markets.
  • Growing e-commerce, online food deliveries, and innovation and development in the packaging industry are further driving the demand for packaging materials in the region.
  • In the past few years, the demand for processed and ready-to-eat meals have increased considerably in the region, owing to increasing women employment and convenience offered by such products to the consumers.
  • While all such markets are highly dependent on packaging industry for materials to package their products, the acrylic adhesives consumption has also been increasing simultaneously with growth of packaging industry in the region.

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China to Dominate the Market Demand

  • China dominates the consumption of acrylic adhesives in the region. Growing construction activities and rising demand from packaging industry are some of the factors driving the consumption of acrylic adhesives in the country.
  • The growth in aging population along with continuous growth in population and strong growth of e-commerce industry have led to strong growth in consumption of consumer goods and food products. These segments stand to be the major markets for packaging industry. Hence, with continuously growing demand for such products, the consumption of packaging materials, including acrylic adhesives have also been increasing in the country.
  • 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 acrylic adhesives market in the country over the forecast period.

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Competitive Landscape

Asia-Pacific acrylic adhesives market is fragmented in nature. Some of the key players in the market includes 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA, amongst others. 

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Report

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Construction Activities in Asia-Pacific

      2. 4.1.2 Growing Demand from the Packaging Industry

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Availability of Alternative Feedstocks for Adhesives

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Technology

      1. 5.1.1 Water-based

      2. 5.1.2 Solvent-based

      3. 5.1.3 Reactive

      4. 5.1.4 Other Technologies

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Electrical and Electronics

      3. 5.2.3 Packaging

      4. 5.2.4 Sporting Goods

      5. 5.2.5 Transportation

      6. 5.2.6 Woodworking

      7. 5.2.7 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 China

      2. 5.3.2 India

      3. 5.3.3 Japan

      4. 5.3.4 South Korea

      5. 5.3.5 ASEAN Countries

      6. 5.3.6 Australia and New Zealand

      7. 5.3.7 Rest of Asia-Pacific

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Adhesives Research Inc.

      3. 6.4.3 American Biltrite Far East Inc.

      4. 6.4.4 Arkema Group

      5. 6.4.5 Ashland

      6. 6.4.6 Avery Dennison Corporation

      7. 6.4.7 Beardow Adams

      8. 6.4.8 Dow

      9. 6.4.9 DuPont

      10. 6.4.10 Dymax Corporation

      11. 6.4.11 Franklin International

      12. 6.4.12 H.B. Fuller

      13. 6.4.13 Henkel AG & Co. KGaA

      14. 6.4.14 Hexion

      15. 6.4.15 Huntsman International LLC

      16. 6.4.16 ITW Performance Polymers (Illinois Tool Works Inc.)

      17. 6.4.17 Jowat AG

      18. 6.4.18 Mapei Inc.

      19. 6.4.19 Tesa SE (A Beiersdorf Company)

      20. 6.4.20 MUNZING Corporation

      21. 6.4.21 Paramelt B.V.

      22. 6.4.22 Permabond LLC

      23. 6.4.23 Pidilite Industries Ltd.

      24. 6.4.24 Sika AG

      25. 6.4.25 Wacker Chemie AG

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Shifting Focus Towards the Bio-based Adhesives

    2. 7.2 Replacement of Solvent-borne Adhesives in Construction Industry

** Subject to Availability

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