Adhesives and sealants are often considered together, as they both are applied to the surfaces of materials to adhere and seal them together. They are generally in the liquid form, which are viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power, and they also have high tensile and shear strength. Adhesives are of two types, which are structural (whose strength is vital for the success of the assembly) and non-structural adhesives (generally have low strength and are used to bond weak substrates and are used for temporary fastening). However, sealants are majorly selected for their ability to resist relative movement of the substrates, to fill gaps, and to contain or exclude another material. They have less strength compared to adhesives, but are more flexible in nature.
The Asia-Pacific adhesives and sealants market is segmented on the basis of adhesives by technology into water-borne (acrylics, latex, polyvinyl acetate (PVA) emulsion, ethylene vinyl acetate (EVA) emulsion, polyurethane dispersions & CR (chloroprene rubber), latex, and, others), solvent-borne (styrene-butadiene rubber (SBR), chloroprene rubber, poly acrylate (PA), and others), reactive (epoxy, modified acrylics & cyanoacrylates, silicone, polyurethane, anaerobic, and others), hot-melts (ethyl vinyl acetate, synthetic rubbers, and others), and others. On the basis of sealant by product type, the market has been segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and others. On the basis of end-user industry, the market has been segmented into building & construction; paper, board, & packaging; transportation; woodworking & joinery; footwear & leather; healthcare; electrical & electronics; and others. On the basis of geography, the market has been segmented into China, India, Japan, South Korea, Thailand, Malaysia, Indonesia, Australia & New Zealand, and the Rest of Asia-Pacific.
Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joint, are becoming an integral part of various commercial and industrial sectors. This market is driven by a number of factors, such as the accelerating demand from the automotive industry, increasing demand from the packaging industry, and growing demand from packaging industry. However, this market faces certain drawbacks, such as the stringent environmental regulations regarding VOC emissions. These factors may act as a roadblock to the growth of the studied market in this report.
In terms of market revenue in 2015, China led the market with a share of XX%. With the improvement in the financial status of the consumers, the purchasing power of the middle class consumers has increased, which, in turn, is increasing the demand for automobiles and buildings in the Asia-Pacific region, thereby, making the region an area of immense potential and opportunities. However, the volatility in the raw material prices in the region has considerably hindered the growth of this market.
Furthermore, the growing aerospace industry in China and the increasing demand of electric vehicles will offer numerous opportunities in the growth of the Asia-Pacific adhesives and sealants market. Some of the major companies dominating this market for its products, services, and continuous product developments are 3M, Dow Chemicals, Henkel AG & Co. KGaA, Avery Dennison, and Ashland Inc.
1.2 Research Methodology
1.3 Scope of the study
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.1.1 Profitability Structure
3.2 Industry Attractiveness - Porter's Five Forces Model
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Latest Trends
3.3.1 Renuva Renewable Resource Technology
4. Market Dynamics
4.1.1 Accelerating Demand from Automotive Industry
4.1.2 Growing Demand from Construction and Packaging Industry
4.1.3 Dynamic Economic Development in Developing Countries
4.2.1 Volatility in Raw Material Prices
4.2.2 Stringent Environmental Regulations Regarding VOC Emissions
4.3.1 Growing Aerospace Industry in China
4.3.2 Escalating Demand for Fuel Efficient and Lightweight Vehicles
4.3.3 Growing Usage in the Electric Vehicles
4.3.4 Rising Demand for Bio-based PUR Hot Melt Adhesives
4.3.5 Shifting Focus Towards Bio-based Tackifiers
5. Market Segmentation and Analysis
5.1 Adhesives by Type
184.108.40.206 Polyvinyl Acetate (PVA) Emulsion
220.127.116.11 Ethylene Vinyl Acetate (EVA) Emulsion
18.104.22.168 Polyurethane Dispersions (PU) & CR (Chloroprene Rubber) Latex
22.214.171.124 Styrene-Butadiene Rubber (SBR)
126.96.36.199 Chloroprene Rubber
188.8.131.52 Poly Acrylate (PA)
184.108.40.206 Modified Acrylics & Cyanoacrylates
220.127.116.11 Ethyl Vinyl Acetate
18.104.22.168 Synthetic Rubbers
5.2 Sealants by Product Type
5.2.4 Polyvinyl Acetate
5.3 By End-User Industry
5.3.1 Building and Construction
5.3.2 Paper, Board, & Packaging
5.3.3 Woodworking & Joinery
5.3.5 Footwear and Leather
5.3.7 Electrical and Electronics
5.4 Pressure Sensitive Adhesives (PSA) Market
5.4.1 By Technology
22.214.171.124 Hot Melt
126.96.36.199 Radiation Cured
5.4.2 By Application
5.4.3 By Resins
188.8.131.52 Other (PU, Epoxies, Vinyl Acetates, etc.)
5.4.4 By Mode of Application
6. Regional Market Analysis
6.4 South Korea
6.8 Australia & New Zealand
6.9 Rest of Asia-Pacific
7. Competitive Landscape
7.1 Mergers & Acquisitions
7.2 Joint Ventures Collaborations and Agreements
7.3 Market Shares Analysis
7.4 Strategies Adopted by Leading Players
8. Company Profiles
8.1 3M Co.
8.2 Adhesives Research Inc.
8.3 Arkema Group (Bostik SA)
8.4 Ashland Inc.
8.5 Avery Dennison Corp.
8.6 Benson Polymers Ltd.
8.7 DELO Industrial Adhesives
8.8 Dow Chemical Co.
8.9 Dow Corning Corporation (U.S.)
8.10 Franklin Guangzhou Adhesives Company LTD (Franklin International)
8.11 H.B. Fuller Co.
8.12 Henkel AG & Co. KGaA
8.14 Huntsman Corp.
8.15 ITW Performance Polymers (Illinois Tool Works Inc.)
8.16 LORD Corp.
8.17 Jowat AG
8.19 Mapei Spa
8.20 Ninghai Dingcheng Adhesive Co., Ltd.
8.21 Paramelt B.V
8.22 Permabond Engineering Adhesives Ltd.
8.23 Pidilite Industries Ltd.
8.24 Sika AG
8.25 Tesa SE (A Beiersdorf Company)
8.26 Wacker Chemie AG
8.27 Wisdom Adhesives Worldwide
8.28 Yokohama Industries