Report Overview
The Asia Pacific Adhesives and Sealants Market is expected to grow at a high CAGR during the forecast period (2024-2031).
An adhesive is a chemical that is used to bind two different surfaces and a sealant is used to stop fluid leakage. These are accounted for within one industry but differ based on their performance and functions. Adhesives are used to hold and bind two surfaces due to their high holding strength while sealants have low strength but greater flexibility that is to used fills gaps and resist relative movement of substrates.
Market Summary
| Metrics | Details |
| Market CAGR | High |
| Segments Covered | By Adhesive Type, By Sealant Type, By Application, and By Region |
| Report Insights Covered | Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights. |
| Fastest Growing Region | Asia Pacific |
| Largest Market Share | North America |
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Market Growth Drivers
Around 42 percent of children get cavities in their baby teeth and 21 percent of kids get cavities in their permanent teeth all before age 12. So, due to increasing dental problems, Dental sealants are a growing market as they resist 80 percent cavities for two years and continue to protect against 50% of cavities for up to four years.
Market Key Companies
The major companies in this market are 3M, Dow Chemicals, Henkel AG & Co. KGaA, Avery Dennison, Ashland Inc., Benson Polymers Ltd., Franklin International, Sika AG, Huntsman Corp., Wacker Chemie AG.
Companies such as Avery Dennison and BASF have also increased their presence by actively implementing sustainable processes to focus on the development of bio-based products, in line with global trends.
Market Geographical Share
The Asia-Pacific adhesive and sealants market is segmented into China, India, Japan, Australia, Philippines, and the Rest of the Asia-Pacific region.
China is the Asia-Pacific’s largest consumer of adhesives for pressure-sensitive products such as footwear, woodworking, packaging, and disposable products. It is also the second-largest consumer of electronic adhesives in the world and is expected to grow further during the forecast period.
Market Segmentation Analysis
The Asia-Pacific adhesive & sealants market is segmented based on the adhesive type into water-based, solvent-based, hot melt, pressure-sensitive, and Others. Further, the market consists of the following categories based on the sealant type: One-component sealants, Two-component sealants, and Sealant tapes. In addition, the market is further segmented based on applications into Paperboard & Packaging, Building & construction, Woodworking & joiner, Transportation, Footwear & leather, Medical, and Others.
Based on application, the market is segmented into Paperboard & Packaging, Building & construction, Woodworking & joiner, Transportation, Footwear & leather, Medical, and Others.
Paperboard & Packaging occupies the largest market share for adhesives & sealants in the Asia-Pacific region. Packaging industries use both adhesives & sealants for various customized packaging that is suitable for various requirements and products.
Solvent-based polyurethanes are the leading flexible-packaging adhesives, but 100% solid and water-based technology is growing faster. China, Japan, and India consume over 80% of the flexible packaging adhesive dollars.
For instance, in 2018, Dow Packaging & Specialty packaging introduced Adcote HP solvent-borne adhesives to its Adcote adhesive and coatings offerings. This product has a greater bond strength and resistance to heat.
Almost all industrial products are sold in packaging either due to stability requirements for storage and transport or aesthetic reasons, resulting in the growth of the adhesives & sealants market.
