+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Asia-Pacific Construction Adhesives & Sealants Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

  • PDF Icon

    Report

  • 220 Pages
  • January 2023
  • Region: Asia Pacific
  • Mordor Intelligence
  • ID: 5716986
The Asia-Pacific Construction Adhesives & Sealants Market is projected to register a CAGR of 7.07%

Key Highlights

  • Largest Segment by Technology - Sealants: In Asia-Pacific, sealants have the highest market share due to their wide applications in the building and construction industry, including joint sealing, insulation, curtain wall, façade, glazing, and others.
  • Largest Segment by Resin - Polyurethane: Polyurethane resins have the largest share in the Asia-Pacific construction adhesives and sealants market owing to their interior and exterior applications.
  • Largest Segment by Country - China: China is the largest country and is driven mainly by the demand for residential and commercial construction.
  • Fastest-growing Segment by Country - China: With the increasing population, the demand for construction activities is increasing in China, thereby expected to witness the fastest growth during the forecast period.

Key Market Trends

Polyurethane is the largest segment by Resin.

  • Polyurethane and Acrylic resin-based adhesives and sealants are the most used among other reins types during the historical period, 2017-2021, and base year, 2021. They are expected to be the most used resin types during the forecast period because of the strong bonds and their applicability as structural adhesives. In Asia-Pacific, about 49% of the acrylic-based construction adhesives were manufactured in water-borne technology in 2021 and polyurethane based products were manufactured majorly in sealant technology.
  • Regionally, during 2019-20, the demand for construction adhesives and sealants grew by about 13% and is expected to grow by about 4.6% during the forecast period (2022 - 2028). Among all the resin types, silicone resin-based adhesives and sealants are expected to register the largest CAGR of around 5% during the forecast period (2022 - 2028).
  • China occupied the largest share of the demand for construction adhesives and sealants globally. In 2021, the demand generated from China was 1.2 billion kilograms and the demand is expected to reach 1.8 billion kilograms with a CAGR of 6.9% by 2028. Polyurethane, acrylic, and silicon resin-based adhesives and sealants products are expected to occupy more than 50% of the total demand generated by China's construction industry. Japan is the second-largest consumer of construction adhesives, and it had about 12% of shares in 2021, is expected to register a CAGR of about 2.7% during the forecast period (2022 - 2028). Japan is seeing an increased number of skyscraper and high-rise building projects, which has been the major source of the demand for adhesives.


China is the largest segment by Country.

  • Asia-Pacific is a booming market for construction adhesives. Despite a slowdown in construction and real estate activities during the first half of 2020 as the COVID-19 pandemic affected Asia-Pacific countries, the area rebounded fast in 2021 and is expected to maintain solid growth throughout the forecast period 2022-2028. The Asia-Pacific region is expected to be the most important construction and real estate market, accounting for roughly 40% of global production value by 2030.
  • Over the forecast period 2022-2028, China is expected to be the leading global construction and real estate industry, fueling regional growth. Decades of substantial Chinese investments in infrastructure expansions, a fast-rising urban population, and extensive foreign direct investment (FDI) into industrial facilities in the nation have contributed significantly to the rise of the Chinese construction sector. Due to the COVID-19 outbreak, China suffered a drop in residential and non-residential buildings in the first half of 2020 but recovered quickly as consumers' and corporate confidence returned. With the global surge in building material prices, including metals and wood, Chinese construction businesses are seeing a significant increase in manufacturing costs but are still able to pass these costs on to final customers.
  • Government infrastructure investment is critical to the building and real estate industries' revival following the COVID-19 pandemic. Major investments planned in China, India, Japan, and other regional leaders are expected to boost the Asia-Pacific market's growth in the short to medium term. All such factors are expected to increase the demand for construction adhesives and sealants across the region over the forecast period.


Competitive Landscape

The Asia-Pacific Construction Adhesives & Sealants Market is fragmented, with the top five companies occupying 21.45%. The major players in this market are 3M, Aica Kogyo Co..Ltd., Arkema Group, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 REPORT OFFERS

3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study​
3.3 Research Methodology

4 KEY INDUSTRY TRENDS
4.1 End User Trends
4.2 Regulatory Framework
4.3 Value Chain & Distribution Channel Analysis

5 MARKET SEGMENTATION
5.1 Resin
5.1.1 Acrylic
5.1.2 Cyanoacrylate
5.1.3 Epoxy
5.1.4 Polyurethane
5.1.5 Silicone
5.1.6 VAE/EVA
5.1.7 Other Resins
5.2 Technology
5.2.1 Hot Melt
5.2.2 Reactive
5.2.3 Sealants
5.2.4 Solvent-borne
5.2.5 Water-borne
5.3 Country
5.3.1 Australia
5.3.2 China
5.3.3 India
5.3.4 Indonesia
5.3.5 Japan
5.3.6 Malaysia
5.3.7 Singapore
5.3.8 South Korea
5.3.9 Thailand
5.3.10 Rest Of Asia-Pacific

6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 3M
6.4.2 Aica Kogyo Co..Ltd.
6.4.3 Arkema Group
6.4.4 H.B. Fuller Company
6.4.5 Henkel AG & Co. KGaA
6.4.6 Momentive
6.4.7 Shin-Etsu Chemical Co., Ltd.
6.4.8 Sika AG
6.4.9 Soudal Holding N.V.
6.4.10 THE YOKOHAMA RUBBER CO., LTD.

7 KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

8 APPENDIX
8.1 Global Adhesives and Sealants Industry Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Drivers, Restraints, and Opportunities
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M
  • Aica Kogyo Co..Ltd.
  • Arkema Group
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Momentive
  • Shin-Etsu Chemical Co., Ltd.
  • Sika AG
  • Soudal Holding N.V.
  • THE YOKOHAMA RUBBER CO., LTD.

Methodology

Loading
LOADING...