Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.
The market is driven by many factors, such as the accelerating demand from the automotive and packaging industries. However, this market faces certain drawbacks, such as the stringent environmental regulations regarding VOC emissions. These factors may act as a roadblock to the growth of the studied market.
The Asia-Pacific adhesives market is segmented, by technology, into water-borne (acrylics, latex, polyvinyl acetate (PVA) emulsion, ethylene vinyl acetate (EVA) emulsion, polyurethane dispersions & CR (chloroprene rubber), latex, and, others), solvent-borne (styrene-butadiene rubber (SBR), chloroprene rubber, poly acrylate (PA), and others), reactive (epoxy, modified acrylics & cyanoacrylates, silicone, polyurethane, anaerobic, and others), hot-melts (ethyl vinyl acetate, synthetic rubbers, and others), and others. The Asia-Pacific sealants market, by product type, has been segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and others. In addition, by end-user industry, the market has been segmented into building & construction; paper, board, & packaging; transportation; woodworking & joinery; footwear & leather; healthcare; electrical & electronics; and others. The market share, by end-user industry, as per 2016, is shown below:
Geographically, the market has been segmented into China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Australia & New Zealand, and the Rest of Asia-Pacific.
Opportunities and Major Players
Furthermore, the growing aerospace industry in China, the increasing demand for electric vehicles, and shifting focus towards bio-based adhesives & tackifiers will offer numerous opportunities to the Asia-Pacific adhesives and sealants market growth.
Some of the major companies dominating this market for its products, services, and continuous product developments are:
Key Deliverables in the Study