Market Size of asia-pacific construction adhesives & sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 6.56 Billion |
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Market Size (2028) | USD 8.52 Billion |
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Largest Share by Resin | Polyurethane |
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CAGR (2024 - 2028) | 6.74 % |
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Largest Share by Country | China |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Asia-Pacific Construction Adhesives & Sealants Market Analysis
The Asia-Pacific Construction Adhesives & Sealants Market size is estimated at 6.56 billion USD in 2024, and is expected to reach 8.52 billion USD by 2028, growing at a CAGR of 6.74% during the forecast period (2024-2028).
6.56 Billion
Market Size in 2024 (USD)
8.52 Billion
Market Size in 2028 (USD)
5.00 %
CAGR (2017-2023)
6.74 %
CAGR (2024-2028)
Largest Market by Technology
44.78 %
value share, Sealants, 2023
In Asia-Pacific, sealants have the highest market share due to their wide applications in the building and construction industry, including joint sealing, insulation, curtain wall, facade, glazing, and others.
Largest Market by Resin
24.72 %
value share, Polyurethane, 2023
Polyurethane resins have the largest share in the Asia-Pacific construction adhesives and sealants market owing to their interior and exterior applications.
Largest Market by Country
71.21 %
value share, China, 2023
China is the largest country and is driven mainly by the demand for residential and commercial construction.
Fastest Growing Market by Country
7.25 %
Projected CAGR, China, 2024-2028
With the increasing population, the demand for construction activities is increasing in China, thereby expected to witness the fastest growth during the forecast period.
Leading Market Player
6.48 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in the region. This increase can be attributed to the popularity of its products, specifically polyurethane-based technology in the building and construction industry.
Infrastructure projects to support the growth of construction adhesives and sealants in China and Japan
- Polyurethane and Acrylic resin-based adhesives and sealants are the most used among other reins types during the historical period, 2017-2021, and base year, 2021. They are expected to be the most used resin types during the forecast period because of the strong bonds and their applicability as structural adhesives. In Asia-Pacific, about 49% of the acrylic-based construction adhesives were manufactured in water-borne technology in 2021 and polyurethane based products were manufactured majorly in sealant technology.
- Regionally, during 2019-20, the demand for construction adhesives and sealants grew by about 13% and is expected to grow by about 4.6% during the forecast period (2022 - 2028). Among all the resin types, silicone resin-based adhesives and sealants are expected to register the largest CAGR of around 5% during the forecast period (2022 - 2028).
- China occupied the largest share of the demand for construction adhesives and sealants globally. In 2021, the demand generated from China was 1.2 billion kilograms and the demand is expected to reach 1.8 billion kilograms with a CAGR of 6.9% by 2028. Polyurethane, acrylic, and silicon resin-based adhesives and sealants products are expected to occupy more than 50% of the total demand generated by China's construction industry. Japan is the second-largest consumer of construction adhesives, and it had about 12% of shares in 2021, is expected to register a CAGR of about 2.7% during the forecast period (2022 - 2028). Japan is seeing an increased number of skyscraper and high-rise building projects, which has been the major source of the demand for adhesives.
Understand The Key Trends Shaping This Market
Rising construction investments likely to propel the demand for adhesives & sealants in the future
- Asia-Pacific is a booming market for construction adhesives. Despite a slowdown in construction and real estate activities during the first half of 2020 as the COVID-19 pandemic affected Asia-Pacific countries, the area rebounded fast in 2021 and is expected to maintain solid growth throughout the forecast period 2022-2028. The Asia-Pacific region is expected to be the most important construction and real estate market, accounting for roughly 40% of global production value by 2030.
- Over the forecast period 2022-2028, China is expected to be the leading global construction and real estate industry, fueling regional growth. Decades of substantial Chinese investments in infrastructure expansions, a fast-rising urban population, and extensive foreign direct investment (FDI) into industrial facilities in the nation have contributed significantly to the rise of the Chinese construction sector. Due to the COVID-19 outbreak, China suffered a drop in residential and non-residential buildings in the first half of 2020 but recovered quickly as consumers' and corporate confidence returned. With the global surge in building material prices, including metals and wood, Chinese construction businesses are seeing a significant increase in manufacturing costs but are still able to pass these costs on to final customers.
- Government infrastructure investment is critical to the building and real estate industries' revival following the COVID-19 pandemic. Major investments planned in China, India, Japan, and other regional leaders are expected to boost the Asia-Pacific market's growth in the short to medium term. All such factors are expected to increase the demand for construction adhesives and sealants across the region over the forecast period.
