Report ID: UCMIR15E2632
Asia Pacific Adhesives And Sealants Market Size, Share, Growth Analysis, By Technology(Water-Based, Solvent-Based, Hot Melt, Reactive & Others), By Product(Acrylic, PVA, Polyurethanes, Styrenic Block), By Application(Pressure Sensitive Applications, Packaging, Construction, Furniture), By Product(Silicones, Polyurethanes, Acrylic, Polyvinyl Acetate (PVA)), By Application(Construction, Automotive, Packaging, Assembly), By Region/Country(China, India, Japan, Rest of Asia Pacific) - Industry Forecast 2025-2032
Report ID:
UCMIR15E2632 |
Region:
Regional |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Asia Pacific Adhesives And Sealants Market Insights
Market Overview:
The market size of adhesives and sealants in the Asia Pacific region reached USD 24.1 billion in 2022 and is poised to grow at a compound annual growth rate (CAGR) of 6.6% from 2023 to 2030. Key drivers fueling this growth include the region's increasing industrialization, robust GDP growth, and a rise in manufacturing and industrial output. Notably, India, China, and Japan are expected to play pivotal roles in propelling the industry forward. As the largest market, the Asia Pacific region is anticipated to exhibit the fastest growth in the adhesives sector during the forecast period, driven by expansions in furniture & woodworking, medical, footwear & leather, consumer, and DIY sectors. The demand for adhesives has traditionally been steered by the expanding construction activities, particularly in the rapidly developing economies of China and India, a trend expected to persist in the foreseeable future.
Asia Pacific Adhesives And Sealants Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialty Chemicals by segment aggregation, the contribution of the Specialty Chemicals in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Asia Pacific Adhesives And Sealants Market Report Snapshots
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