Market Size of Asia-Pacific Adhesives And Sealants Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 30.26 Billion |
| Market Size (2029) | USD 41.09 Billion |
| CAGR (2024 - 2029) | > 6.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Sealants & Adhesives Market Analysis
The Asia-Pacific Adhesives And Sealants Market size is estimated at USD 30.26 billion in 2024, and is expected to reach USD 41.09 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The region was negatively affected by the COVID-19 pandemic. The adhesives and sealants market in the region also faced a similar situation. However, the market has now reached pre-pandemic levels, and it is expected to grow at a significant pace.
Expanding packaging and building and construction industries around the globe are likely to drive demand for adhesives and sealants during the forecast period.
However, strict environmental regulations set by the government on the use of volatile organic compounds are anticipated to hamper market expansion.
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 adhesives and sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, electronics, and packaging.
