Market Size of japan adhesives Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 2.24 Billion |
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Market Size (2028) | USD 2.72 Billion |
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Largest Share by End User Industry | Automotive |
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CAGR (2024 - 2028) | 4.94 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Japan Adhesives Market Analysis
The Japan Adhesives Market size is estimated at 2.24 billion USD in 2024, and is expected to reach 2.72 billion USD by 2028, growing at a CAGR of 4.94% during the forecast period (2024-2028).
2.24 Billion
Market Size in 2024 (USD)
2.72 Billion
Market Size in 2028 (USD)
4.00 %
CAGR (2017-2023)
4.94 %
CAGR (2024-2028)
Largest Market by End-user Industry
27.19 %
value share, Automotive, 2023
In the Japanese adhesives market, automotive is the dominant end-user industry owing to the wide range of applications for exterior and interior parts and components.
Fastest Growing Market by End-user Industry
7.68 %
Projected CAGR, Aerospace, 2024-2028
The aerospace industry is likely to witness the fastest growth in the Japanese adhesives market owing to the rapid expansion of general aviation in the domestic market.
Largest Market by Technology
31.66 %
value share, Reactive, 2023
Reactive is the largest technology type in the Japanese adhesives market owing to its wide range of applications across major end-user industries, including aerospace, automotive, and building and construction.
Largest Market by Resin
25.85 %
value share, Polyurethane, 2023
Polyurethane adhesives hold the largest share in the Japanese adhesives market owing to their wide-ranging applications in building, construction, woodworking, and automotive industries specifically for exterior applications.
Leading Market Player
7.81 %
market share, 3M, 2021
3M is the leading company in the market due to its large product portfolio for different industrial applications along with the strong presence of multiple distributing channels in the country.
Emerging automotive market and building & construction industry expected to boost the consumption of adhesives in Japan
- In Japan, adhesives are largely used across the packaging, automotive, building and construction, and healthcare industries. The consumption of adhesives in Japan declined in 2020 due to the impact of the COVID-19 pandemic. Demand fell by 11% in terms of volume in 2020 compared to 2019. The lockdown in the country for nearly six months, which resulted in the shutdown of production facilities and raw material shortage, is the major reason behind the decline in adhesives production and consumption in Japan.
- The Japanese automobile industry is the third-largest globally, with 78 manufacturers in 22 prefectures employing over 5.5 million people. It is a vital pillar of the country's economy. Automotive manufacturing accounts for 89% of Japan's largest industrial sector (the transportation machinery industry), and car components suppliers have become a significant part of the Japanese economy, expanding into other industries such as chemicals and rubber. It is a highly innovative and technologically oriented business, with rising production of electric and hybrid vehicles in local and worldwide markets, as well as a growth in supply and demand on a global scale.
- The prognosis for Japan's construction industries is better than it has been in years. The Japanese government has promised to boost the domestic economy with many public works projects. This commitment was prompted by its preparations for major events such as the 2020 Olympics and the 2025 World Expo in Osaka. The growing core industries across Japan are expected to increase the demand for adhesives over the forecast period.
Understand The Key Trends Shaping This Market
