The Asia-Pacific Adhesives and Sealants market is expected to expanding significantly at a highest CAGR of 5.57% & 7.82% respectively during the forecast period, 2018 to 2023. China is estimated to lead the region owing to its growing consumer population, rapid economic and industrial growth.
Accelerating Demand from Automotive Industry
Adhesives and Sealants have become a prime technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. Moreover, the recent advancements in adhesive technologies in the region are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicle. The focus on minimizing carbon emission and enhancing fuel economy, by reducing the vehicle’s weight, has provided an impetus to adhesives, as a bonding material for the manufacturing of automobiles. Pressure sensitive adhesives (PSAs) are continuously replacing mechanical fasteners. With the increase in consumer population in fast growing economies, like china and India, vehicle production will also increase over the years in addition with all factors listed above, the demand for adhesives and sealants in the automotive industry is also expected to increase.
Stringent environmental regulations regarding VOC emissions and volatility in prices of are some of the restrain for growth of the market.
Transportation Industry Growing Across Region
Besides increasing automotive production in Asia pacific, transportation industry (excluding automotive) is also rising in the region. The adhesive & sealant market is quite extensive, and includes many applications in the transportation industry, such as in aircraft & aerospace, railways, vehicle assembly, marine, interior vehicle trim, exterior vehicle trim, automotive module sealing, and electronic circuit board protection. Owing to increasing population, cross border movement of goods and people, and increased level of employment, the Asia pacific transportation industry is growing across all the countries. This growth is expected to augment the adhesive & sealant market due to its large number of applications.
China to Dominate the Region
China, with 52% market share of Asia-Pacific adhesive & Sealants market, is an emerging economy and is the largest in terms of purchasing power parity; the second-largest economy in terms of nominal GDP. Almost all major global adhesives and sealants manufacturing companies have their manufacturing plants in China, as it is the largest manufacturing country in the world. China is also one of the largest exporters of adhesives and sealants to many countries, and the largest consumer as well. The growth in its end-user industry is also expected to provide an increase to its market. China is the largest producer of automotive, and electronic products, such as smartphones, OLED TVs, tablets and so on, have the highest growth in the market in the consumer electronics segment. Since China is a manufacturing hub, the packaging industry is also growing, and hence, different types of packaging are used for various kinds of products. The footwear industry in China is the largest producer of footwear in the world. Therefore the adhesive and sealant market in china will grow as its end user industries are growing with growing consumers and demand.
Notable Developments in the Market
- December 2017: Sika Launched New Mortar Production in Vietnam
Major Players: Sika, 3M, Arkema Group, DowDuPont, H.B. Fuller Co., among others.
Reasons to Purchase this Report
- To understand the impact of end-user applications on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- To understand the dominating technology in the market
- Countries expected to witness the fastest growth during the forecast period
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter's Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1 Drivers
4.1.1 Accelerating Demand from the Automotive Industry
4.1.2 Increasing Construction Activities in Developing Countries, such as India and Malaysia
4.2 Restraints
4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
4.3 Opportunities
4.3.1 Growing Aerospace Industry in China
4.3.2 Escalating Demand for Fuel Efficient and Lightweight Vehicles
4.3.3 Rising Demand for Bio-Based PUR Hot Melt Adhesives
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)
5.1 By Technology
5.1.1 Water-borne
5.1.1.1 Acrylics
5.1.1.2 Polyvinyl Acetate (PVA) Emulsion
5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
5.1.1.4 Polyurethane Dispersions (PU)
5.1.1.5 CR (Chloroprene Rubber) Latex
5.1.1.6 Others
5.1.2 Solvent-borne
5.1.2.1 Styrene-butadiene Rubber
5.1.2.2 Chloroprene Rubber
5.1.2.3 Poly Acrylate (PA)
5.1.2.4 Polyurethane
5.1.2.5 Others
5.1.3 Reactive
5.1.3.1 Epoxy
5.1.3.2 Modified Acrylics & Cyanoacrylates
5.1.3.3 Silicone
5.1.3.4 Polyurethane
5.1.3.5 Anaerobic
5.1.3.6 Others
5.1.4 Hot-melts
5.1.4.1 Ethylene Vinyl Acetate
5.1.4.2 Synthetic Rubbers
5.1.4.3 Others
5.1.5 Others
5.2 Sealants by Product Type
5.2.1 Silicone
5.2.2 Polyurerthane
5.2.3 Acrylic
5.2.4 Polyvinyl Acetate
5.2.5 Others
5.3 By End-user Industry
5.3.1 Building & Construction
5.3.2 Paper, Board & Packaging
5.3.3 Woodworking & Joinery
5.3.4 Transportation
5.3.5 Footwear & leather
5.3.6 Healthcare
5.3.7 Electronics
5.3.8 Others (Textile, Consumer Goods, etc.,)
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 Thailand
6.6 Malaysia
6.7 Indonesia
6.8 Australia & New Zealand
6.9 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.1 3M
8.2 Adhesives Research Inc.
8.3 Arkema Group (Bostik SA)
8.4 Benson Polymers Ltd.
8.5 DowDuPont
8.6 Franklin Guangzhou Adhesives Company LTD (Franklin International)
8.7 H.B. Fuller Co.
8.8 Henkel AG & Co. KGaA
8.9 Huntsman
8.10 ITW Performance Polymers (Illinois Tool Works Inc.)
8.11 LORD Corp.
8.12 Jowat AG
8.13 Mapei
8.14 Ninghai Dingcheng Adhesive Co., Ltd.
8.15 Permabond Engineering Adhesives Ltd.
8.16 Pidilite Industries Ltd.
8.17 Sika AG
8.18 Tesa SE (A Beiersdorf Company)
8.19 Wacker Chemie AG
8.20 Wisdom Adhesives Worldwide
8.21 Yokohama Industries
*List not exhaustive
9. Disclaimer
**Subject to availability on public domain
