Market Size of Asia-Pacific Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Sealants Market Analysis
The Asia-Pacific sealants market is estimated to be valued at more than USD 3,800 million by the end of the year, and it is expected to register an estimated CAGR of over 6.5% over the forecast period.
The region was negatively affected by the COVID-19 pandemic. The sealant market in the region also faced a similar situation. But the market has now reached pre-pandemic levels, and it is expected to grow steadily.
- The demand for sealants is extensively driven by the growing demand from the construction industry and the increasing usage for healthcare applications in the ASEAN region.
- But the growth is likely to be slowed down by the strict rules about sealants and VOC emissions.
- The innovation and development of bio-based sealants and their rising usage in the aerospace industry are likely to offer opportunities for the Asia-Pacific sealants market.
- China stands to be the largest market for adhesives in the region, where consumption is driven by end-user industries such as automotive, construction, healthcare, and aerospace.
