The Southeast Asia & Middle East pressure-sensitive adhesives market accounted for $1,175.4 million in 2018, and is anticipated to reach $1,890.9 million by 2026, registering a CAGR of 6.1% from 2019 to 2026.
Pressure sensitive adhesives come under the category of non-reactive materials, and bond formation in these types of adhesives occurs when some pressure is applied on the substrate. It is manufactured in liquid and solid form. Increase in demand for commodities and appliances in Southeast Asia & Middle East region is a key factor that has influenced the growth of the Southeast Asia & Middle East market. Furthermore, pressure-sensitive adhesives (PSAs) are applicable in the manufacturing of graphics, label, and others, which significantly contributes toward generating huge profits. Furthermore, development of the automobile sector in countries, such as India, Thailand, and Malaysia is anticipated to create lucrative opportunities during the forecast period. Fluctuating prices of raw materials is one of the major factors expected to hinder the market growth.
The Southeast Asia & Middle East pressure-sensitive adhesives market is segmented based on composition, type, application, end-use industry, and region. Depending on composition, the market is categorized into acrylic, rubber, ethylene vinyl acetate, silicone, polyurethane, and others. On the basis of type, it is classified into water-based, hot melt, solvent-based, and radiation-based. The applications covered in the study include labels, medical, graphics, tapes, and others.
Depending on end-use industry, the market is fragmented into automotive, packaging, building & construction, electronics, medical, consumer goods, and others. Region wise, the market is analyzed across Southeast Asia and Middle East. Southeast Asia covers countries such as Thailand, Vietnam, Philippines, Malaysia, India, Indonesia, Myanmar, Cambodia, and Rest of Southeast Asia. The Middle East countries analyzed in the report are Saudi Arabia, Turkey, UAE, Qatar, and rest of Middle East.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Composition
By Type
By Application
By End Use Industry
By Region
o South East Asia
KEY MARKET PLAYERS
The other players in the value chain are Wacker Chemie, Momentive, Evonik, Advance Polymers., Ester Chemical Industries Pvt. Ltd., Aik Chiang Sdn Bhd, GB Chemical (M) Sdn. Bhd., and others.
The Southeast Asia & Middle East pressure-sensitive adhesives market is segmented based on composition, type, application, end-use industry, and region. Depending on composition, the market is categorized into acrylic, rubber, ethylene vinyl acetate, silicone, polyurethane, and others. On the basis of type, it is classified into water-based, hot melt, solvent-based, and radiation-based. The applications covered in the study include labels, medical, graphics, tapes, and others.
Depending on end-use industry, the market is fragmented into automotive, packaging, building & construction, electronics, medical, consumer goods, and others. Region wise, the market is analyzed across Southeast Asia and Middle East. Southeast Asia covers countries such as Thailand, Vietnam, Philippines, Malaysia, India, Indonesia, Myanmar, Cambodia, and Rest of Southeast Asia. The Middle East countries analyzed in the report are Saudi Arabia, Turkey, UAE, Qatar, and rest of Middle East.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive qualitative and quantitative analysis of the current trends and future estimations of the Southeast Asia & Middle East pressure-sensitive adhesives market from 2019 to 2026 to determine the prevailing opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- Estimations and forecast are based on factors impacting the market growth, in terms of both revenue and volume.
- Profiles of leading players operating in the market are provided to understand the competitive scenario.
- The report provides extensive qualitative insights on the significant segments and regions exhibiting favorable market growth.
KEY MARKET SEGMENTS
By Composition
- Acrylic
- Rubber
- Ethylene Vinyl Acetate
- Silicone
- Polyurethane
- Others
By Type
- Water Based
- Hot Melt
- Solvent Based
- Radiation Based
By Application
- Labels
- Medical
- Graphics
- Tapes
- Others
By End Use Industry
- Automotive
- Packaging
- Building and Construction
- Electronics
- Medical
- Consumer Goods
- Others
By Region
o South East Asia
- Thailand
- Vietnam
- Philippines
- Malaysia
- India
- Indonesia
- Myanmar
- Cambodia
- Rest of South East Asia
- Saudi Arabia
- Turkey
- UAE
- Qatar
- Rest of Middle East
KEY MARKET PLAYERS
- Arkema Group
- Ashland Inc.
- Avery Dennison
- Dow
- Jowat Corporation
- H.B. Fuller Company
- BASF SE
- 3M
- Sika AG
- Henkel AG & CO.KGAA
The other players in the value chain are Wacker Chemie, Momentive, Evonik, Advance Polymers., Ester Chemical Industries Pvt. Ltd., Aik Chiang Sdn Bhd, GB Chemical (M) Sdn. Bhd., and others.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SOUTH EAST ASIA & MIDDLE EAST PRESSURE SENSITIVE ADHESIVES MARKET, BY COMPOSITION
CHAPTER 5: SOUTH EAST ASIA & MIDDLE EAST PRESSURE SENSITIVE ADHESIVES MARKET, BY TYPE
CHAPTER 6: SOUTH EAST ASIA & MIDDLE EAST PRESSURE SENSITIVE ADHESIVES MARKET, BY APPLICATION
CHAPTER 7: SOUTH EAST ASIA & MIDDLE EAST PRESSURE SENSITIVE ADHESIVES MARKET, BY END USE INDUSTRY
CHAPTER 8: SOUTH EAST ASIA & MIDDLE EAST PRESSURE SENSITIVE ADHESIVES MARKET, BY REGION
CHAPTER 9: COMPANY PROFILES
Executive Summary
According to the report titled,'South East Asia & Middle East Pressure Sensitive Adhesives Market by Composition, by Type, by Application, by End Use Industry: Opportunity Analysis and Industry Forecast, 2019 - 2026,' the South East Asia & Middle East pressure sensitive adhesives market accounted for revenue of $1,175.4 million in 2018 and is anticipated to generate $1,890.9 million by 2026. The market is projected to grow at a CAGR of 6.1% from 2019 to 2026.A pressure-sensitive adhesive is a material that adheres two different or identical surfaces together solely through surface contact, and the bond formation is achieved by applying small magnitude of external pressure.
These adhesive so not require long retention or curing time, which fuels their adoption across various applications. Furthermore, they eliminate the need for rivets and clips, thus preventing corrosion and cracks and enhancing the appearance of the end product. In addition, they are increasingly replacing mechanical fasteners in automotive and transportation applications, as they offer enhanced corrosion resistance. However, stringent government regulations associated with volatile organic compounds (VOCs) emission limit their adoption.
The Southeast Asia & Middle East pressure-sensitive adhesives market is analyzed across composition, type, application, end use industry, and region. Different types of composition of pressure sensitive adhesives studied, in the report are acrylic, rubber, ethylene vinyl acetate, silicone, polyurethane, and others. On the basis of type, it is bifurcated into water based, hot melt, solvent based, and radiation based. By application, the market is categorized into labels, medical, graphics, tapes, and others. End use industries included in the scope of report are automotive, packaging, building & construction, electronics, medical, consumer goods, and others. Region wise, the market is analyzed across Southeast Asia, and Middle East. Southeast Asia countries analyzed in the report are Thailand, Vietnam, Philippines, Malaysia, India, Indonesia, Myanmar, Cambodia, and Rest of Southeast Asia. The Middle East is analyzed across are Saudi Arabia, Turkey, UAE, Qatar, and Rest of Middle East.
Based on composition, the acrylic segment occupied the highest share of 27.4%, in terms of revenue, in 2018, and is anticipated to continue its dominance throughout the analysis period. Acrylic based pressure sensitive adhesives are widely adopted owing to its characteristics such as strong bond formation, resistance to high temperatures, and chemicals.
By type, the water-based adhesives segment is anticipated to grow at the highest rate, in terms of revenue as well as volume, due to the eco-friendly nature of these adhesives. Moreover, these adhesives deliver same degree of performance as solvent-based acrylics, and are preferred when safety & lesser cost are considered.
On the basis of application, the tapes segment garnered the highest market share of 32.6% in terms of revenue in 2018. This is attributed to the presence of large consumer base in South East Asia such as automotive and packaging.
As per end-use industry, packaging exhibited the highest market share of 24.4% in terms of revenue in 2018, as it offers numerous advantages such as, instant bond formation, user-friendly application, and others.
Region wise, Southeast Asia is expected to grow at fastest rate, in terms of revenue as well as volume. This is attributed to increase in demand from end-use industries such as packaging, automotive, and others.
The market analysis covers in-depth information of major industry participants. The key player operating and profiled in the market includes Arkema Group, Ashland Inc., Avery Dennison Corporation, Dow, Jowat Corporation, H.B. Fuller Company, BASF SE, 3M, Sika AG, and Henkel AG Co. KGaA.
Other players in the value chain of the market includes Wacker Chemie, Momentive, Evonik, Advance Polymers., Ester Chemical Industries Pvt. Ltd., Aik Chiang Sdn Bhd, GB Chemical (M) Sdn. Bhd., and others.
Key Findings of the South East Asia & Middle East Pressure Sensitive Adhesives Market:
The market is analyzed from 2018 to 2026.
The South East Asia is projected to grow at a highest CAGR of nearly 6.4%, in terms of revenue, during the forecast period.
The Water based in the type segment is anticipated to witness highest growth rate of 7.6%, in terms of revenue, during the forecast period.
The market trends are analyzed across South East Asia-Pacific, and Middle East.
A comprehensive analysis of the factors that drive and restrain the market growth is provided.
An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
The qualitative data in this report aims at the market dynamics, trends, and developments in the pressure sensitive adhesives industry while the quantitative data provides the market size in terms of revenue, and volume.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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