Market Size of Asia-Pacific Contact Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Contact Adhesives Market Analysis
Asia-Pacific contact adhesives market is expected to grow at a CAGR of more than 4% during the forecast period. The demand for contact adhesives is widely driven by the strong growth in construction industry and rising demand from woodworking industry. However, stringent regulations related to VOC emissions is likely to hinder the growth of the studied market.
- The neoprene-based segment dominated the market. It is likely to grow during the forecast period, owing to the rising demand from the footwear and construction industry.
- The shifting focus toward water-borne adhesives is likely to offer opportunities for the contact adhesives market in the region.
- China stands to be the largest market for contact adhesives in the region, with consumption being majorly driven by the growing demand from end-user industries, such as construction, woodworking, packaging and footwear.
