Asia-Pacific Contact Adhesives Market - Segmented by Technology, Polymer, End-user and Geography- Growth, Trends and Forecast (2018 - 2023)

  • ID: 4536195
  • Report
  • 110 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • 3M Company
  • Arkema Group (Bostik Sa)
  • Delo Industrial Adhesives
  • Helmitin Inc
  • Jowat Se
  • Pyrotek Inc.
  • MORE
The Asia-Pacific Contact Adhesives market is estimated to register a significant CAGR during the forecast period, 2018 - 2023. China is expected to hold the largest share of the market, owing to the significant growth in footwear leather industry

Dynamic Economic and Social Developments in China and Other Developing Nations

Major factors driving the market growth include increase in number of working females, rise in dual income nuclear families, increasing disposable income and higher per capita expenditure on lifestyle products. In addition, social and cultural factors also influence the market demand. This rise is seen highest in the Asia-Pacific and actively drives the market. China is one of the largest economies and is a frontrunner in the construction, automotive sector. Moreover, the Indian economy, which has been growing rapidly over the past three decades and this growth, has led to a substantial expansion of India’s middleclass. The growing middleclass population in India and their consumption pattern has drawn Asia-Pacific attention, not only because India is a large market, but also because of the difference it shows compared to other emerging markets. The growth in such emerging market is expected to help the market to grow.

Footwear Leather to Hold the Largest Share

Contact adhesives, fluid and flexible in nature and environment-resistant, are used in shoe manufacturing and leatherwork, which is used in making sports equipment, apparel, accessories, among others. These are used for bonding all parts of shoes, including outsoles, insoles, uppers, among others. The footwear industry in Asia-pacific is experiencing rapid expansion due to demand for new and innovative footwear products, increasing sports activities and increased demand for sports footwear, sports equipment and apparels (made up of leather). The major market in the footwear industry is held by countries, like China and India.

China Set to Dominate the Region

Globally, Asia-Pacific holds the largest share, which accounts for approximately 60% of the total market in 2017. China is the largest market in Asia-Pacific, accounting for more than 50% of the share. The shoe manufacturing industry in China is largest in the world and has been for a long time. In 2015, China produced 13.58 billion pairs of shoes, which is nearly 6 times that of the second in the same ranking, India. Due to the large domestic market, with the presence of the world’s largest population and major exports in all other countries, China’s shoe manufacturing has been on the rise. The increase in minimum wages and overtime pay throughout China, as well as a stronger currency, are expected to help in increased production. This is expected to directly lead to the growth of the demand for contact adhesives in the country.

Notable Developments

September 2017: H.B. Fuller Company acquired Royal Adhesives and Sealants

August 2016: Adhesives division of Alfagres S.A. has been acquired by Henkel AG & Co. KGaA

Major Players: Henkel AG & Co. KGaA, H.B. Fuller Co, Bostik (Arkema)and 3M, amongst others.

Reasons to Purchase this Report

To understand the impact of increasing stringent regulations on the market

Analyze various perspectives of the market with the help of Porter’s five forces analysis

To understand the dominating polymer type in the market

Countries expected to witness the fastest growth during the forecast period

Identify the latest developments, market shares, and strategies employed by the major market players

3-month analyst support, along with the Market Estimate sheet (in excel)

Customization of the Report

This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M Company
  • Arkema Group (Bostik Sa)
  • Delo Industrial Adhesives
  • Helmitin Inc
  • Jowat Se
  • Pyrotek Inc.
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Raw Material Analysis

4. Market Dynamics
4.1 Drivers
4.1.1 Accelerating Demand from Automotive Industry
4.1.2 Dynamic Economic and Social Development In Regions of China and other developing nations
4.2 Restraints
4.2.1 Volatility in Raw Material Prices
4.2.2 Stringent Environmental Regulations Regarding VOCs
4.3 Opportunities
4.3.1 Shifting Focus Towards Water-borne Adhesives
4.3.2 Growing Leather Industry in India and China

5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
5.1 By Technology
5.1.1 Water Borne
5.1.2 Solvent Borne
5.1.3 Others
5.2 By Polymer
5.2.1 Neoprene
5.2.2 SBR
5.2.3 Acrylic Copolymer
5.2.4 Others
5.3 By End-user Industry
5.3.1 Consumer Durables
5.3.2 Packaging
5.3.3 Automotive
5.3.4 Furniture
5.3.5 Footwear Leather
5.3.6 Construction
5.3.7 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1 China
6.2 India
6.3 Japan
6.4 South Korea
6.5 ASEAN Countries
6.6 Rest of Asia-Pacific

7. Future of the Market

8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & services, Recent Developments)
9.1 3M
9.2 Adco (Uk) Limited
9.3 Arkema Group (Bostik Sa)
9.4 Collano Adhesives Ag
9.5 Delo Industrial Adhesives
9.6 H.B. Fuller Company
9.7 Helmitin Inc
9.8 Henkel Ag & Co. Kgaa
9.9 Huntsman International Llc
9.10 Itw Performance Polymers (Illinois Tool Works Inc.)
9.11 Jowat Se
9.12 Mapei Spa
9.13 Pyrotek Inc.
9.14 Royal Adhesives & Sealants, Llc
9.15 Sika Ag
9.16 DowDuPont
9.17 Intact Adhesives (Kms Adhesives)
*List not exhaustive

10. Disclaimer
**Subject to availability of public domain
Note: Product cover images may vary from those shown
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  • 3M Company
  • Adco (Uk) Limited
  • Arkema Group (Bostik Sa)
  • Collano Adhesives Ag
  • Delo Industrial Adhesives
  • H.B. Fuller Company
  • Helmitin Inc
  • Henkel Ag & Co. Kgaa
  • Huntsman International Llc
  • Itw Performance Polymers (Illinois Tool Works Inc.)
  • Jowat Se
  • Mapei Spa
  • Pyrotek Inc.
  • Royal Adhesives & Sealants LLC
  • Sika Ag
  • The Dow Chemical Company
  • Intact Adhesives (Kms Adhesives)
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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