Market Size of Asia-Pacific Reactive Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 6.00 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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APAC Reactive Adhesives Market Analysis
The Asia-Pacific reactive adhesives market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the growing application in the construction of wind turbines. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.
- Increasing popularity of heat-resistant products is expected to provide a major growth opportunity for the market studied.
- China accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the end-user industries, renewable energy industry is expected to witness the highest growth rate during the forecast period.