Asia-Pacific Construction Adhesives & Sealants Market Size
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 6.56 Billion |
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Market Size (2028) | USD 8.52 Billion |
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Largest Share by Resin | Polyurethane |
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CAGR (2024 - 2028) | 6.74 % |
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Largest Share by Country | China |
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Market Concentration | Low |
Major Players |
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*Disclaimer: Major Players sorted in alphabetical order. |
Asia-Pacific Construction Adhesives & Sealants Market Analysis
The Asia-Pacific Construction Adhesives & Sealants Market size is estimated at 6.56 billion USD in 2024, and is expected to reach 8.52 billion USD by 2028, growing at a CAGR of 6.74% during the forecast period (2024-2028).
6.56 Billion
Market Size in 2024 (USD)
8.52 Billion
Market Size in 2028 (USD)
5.00 %
CAGR (2017-2023)
6.74 %
CAGR (2024-2028)
Largest Market by Technology
44.78 %
value share, Sealants, 2023
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, facade, glazing, and others.
Largest Market by Resin
24.72 %
value share, Polyurethane, 2023
Polyurethane resins have the largest share in the Asia-Pacific construction adhesives and sealants market owing to their interior and exterior applications.
Largest Market by Country
71.21 %
value share, China, 2023
China is the largest country and is driven mainly by the demand for residential and commercial construction.
Fastest Growing Market by Country
7.25 %
Projected CAGR, China, 2024-2028
With the increasing population, the demand for construction activities is increasing in China, thereby expected to witness the fastest growth during the forecast period.
Leading Market Player
6.48 %
market share, Sika AG, 2021
Sika AG has been witnessing increasing volume sales in the region. This increase can be attributed to the popularity of its products, specifically polyurethane-based technology in the building and construction industry.
Infrastructure projects to support the growth of construction adhesives and sealants in China and Japan
- 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.
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Rising construction investments likely to propel the demand for adhesives & sealants in the future
- 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.
Asia-Pacific Construction Adhesives & Sealants Market Trends
Raising investment to expand infrastructural activities will augment the industry size
- Asia-Pacific is driven by the world's major economies, such as China, Japan, and India. China is promoting and undergoing a process of continuous urbanization, with a target rate of 70% for 2030. The increased living spaces required in the urban areas resulting from increasing urbanization and the desire of middle-income urban residents to improve their living conditions may impact the housing market and, thereby, increase the residential constructions in the country.
- Non-residential infrastructure is likely to expand significantly. The Chinese government approved 26 infrastructure projects worth approximately USD 142 billion in 2019, with completion due in 2023. The country has the largest construction market globally, accounting for 20% of all worldwide construction investments. By 2030, the government plans to spend over USD 13 trillion on construction. Thus, the construction market is expected to register a 4.48% CAGR during the forecast period (2022-2028).
- The construction industry is one of the largest industries in Asia-Pacific and recorded promising growth in 2019. The industry continues to grow as the region constitutes many developing countries such as Vietnam, Malaysia, Indonesia, Thailand, and other South Asian countries. However, due to the COVID-19 pandemic, the construction sector witnessed a significant decline owing to lockdowns by governments across the region, which severely affected developing countries, including India, China, Japan, and ASEAN countries.
- The Asia-Pacific region is also witnessing significant interest from international investors in the construction space. Foreign Direct Investment (FDI) in the construction development sector is increasing as developing countries provide better returns and opportunities for investors.
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Asia-Pacific Construction Adhesives & Sealants Industry Overview
The Asia-Pacific Construction Adhesives & Sealants Market is fragmented, with the top five companies occupying 17.60%. The major players in this market are 3M, Aica Kogyo Co..Ltd., Arkema Group, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).
Asia-Pacific Construction Adhesives & Sealants Market Leaders
3M
Aica Kogyo Co..Ltd.
Arkema Group
Henkel AG & Co. KGaA
Sika AG
Other important companies include H.B. Fuller Company, Momentive, Shin-Etsu Chemical Co., Ltd., Soudal Holding N.V., THE YOKOHAMA RUBBER CO., LTD..
*Disclaimer: Major Players sorted in alphabetical order.
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Asia-Pacific Construction Adhesives & Sealants Market News
- December 2021: Sika planned to establish a new technology center and manufacturing factory for high-quality adhesives and sealants in Pune, India. The company primarily manufactures products for the transportation and construction industries through its three new production lines.
- December 2021: Under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.
- November 2021: The Yokohama Rubber Co. Ltd divested its Hamatite adhesives and sealants business, bought by Sika AG.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.
Asia-Pacific Construction Adhesives & Sealants Market Report - Table of Contents
EXECUTIVE SUMMARY & KEY FINDINGS
REPORT OFFERS
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study鈥�
1.3. Research Methodology
2. KEY INDUSTRY TRENDS
2.1. End User Trends
2.1.1. Building and Construction
2.2. Regulatory Framework
2.2.1. Australia
2.2.2. China
2.2.3. India
2.2.4. Indonesia
2.2.5. Japan
2.2.6. Malaysia
2.2.7. Singapore
2.2.8. South Korea
2.2.9. Thailand
2.3. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)
3.1. Resin
3.1.1. Acrylic
3.1.2. Cyanoacrylate
3.1.3. Epoxy
3.1.4. Polyurethane
3.1.5. Silicone
3.1.6. VAE/EVA
3.1.7. Other Resins
3.2. Technology
3.2.1. Hot Melt
3.2.2. Reactive
3.2.3. Sealants
3.2.4. Solvent-borne
3.2.5. Water-borne
3.3. Country
3.3.1. Australia
3.3.2. China
3.3.3. India
3.3.4. Indonesia
3.3.5. Japan
3.3.6. Malaysia
3.3.7. Singapore
3.3.8. South Korea
3.3.9. Thailand
3.3.10. Rest of Asia-Pacific
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).
4.4.1. 3M
4.4.2. Aica Kogyo Co..Ltd.
4.4.3. Arkema Group
4.4.4. H.B. Fuller Company
4.4.5. Henkel AG & Co. KGaA
4.4.6. Momentive
4.4.7. Shin-Etsu Chemical Co., Ltd.
4.4.8. Sika AG
4.4.9. Soudal Holding N.V.
4.4.10. THE YOKOHAMA RUBBER CO., LTD.
5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS
6. APPENDIX
6.1. Global Adhesives and Sealants Industry Overview
6.1.1. Overview
6.1.2. Porter鈥檚 Five Forces Framework (Industry Attractiveness Analysis)
6.1.3. Global Value Chain Analysis
6.1.4. Drivers, Restraints, and Opportunities
6.2. Sources & References
6.3. List of Tables & Figures
6.4. Primary Insights
6.5. Data Pack
6.6. Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2017-2028
- Figure 2:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 3:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 4:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 5:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 6:
- VOLUME SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 7:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY RESIN, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 8:
- VOLUME OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 9:
- VALUE OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 10:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ACRYLIC ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 11:
- VOLUME OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 12:
- VALUE OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 13:
- VALUE SHARE OF BUILDING AND CONSTRUCTION CYANOACRYLATE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 14:
- VOLUME OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 15:
- VALUE OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 16:
- VALUE SHARE OF BUILDING AND CONSTRUCTION EPOXY ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 17:
- VOLUME OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 18:
- VALUE OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 19:
- VALUE SHARE OF BUILDING AND CONSTRUCTION POLYURETHANE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 20:
- VOLUME OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 21:
- VALUE OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 22:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SILICONE ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 23:
- VOLUME OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 24:
- VALUE OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 25:
- VALUE SHARE OF BUILDING AND CONSTRUCTION VAE/EVA ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 26:
- VOLUME OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 27:
- VALUE OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 28:
- VALUE SHARE OF BUILDING AND CONSTRUCTION OTHER RESINS ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 29:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 30:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 31:
- VOLUME SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 32:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY TECHNOLOGY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 33:
- VOLUME OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 34:
- VALUE OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 35:
- VALUE SHARE OF BUILDING AND CONSTRUCTION HOT MELT ADHESIVES CONSUMED BY RESIN, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 36:
- VOLUME OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 37:
- VALUE OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 38:
- VALUE SHARE OF BUILDING AND CONSTRUCTION REACTIVE ADHESIVES CONSUMED BY RESIN, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 39:
- VOLUME OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 40:
- VALUE OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 41:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SEALANTS CONSUMED BY RESIN, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 42:
- VOLUME OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 43:
- VALUE OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 44:
- VALUE SHARE OF BUILDING AND CONSTRUCTION SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 45:
- VOLUME OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 46:
- VALUE OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 47:
- VALUE SHARE OF BUILDING AND CONSTRUCTION WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, ASIA-PACIFIC, 2021 VS 2028
- Figure 48:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, KILOGRAM, ASIA-PACIFIC, 2017 - 2028
- Figure 49:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, USD, ASIA-PACIFIC, 2017 - 2028
- Figure 50:
- VOLUME SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 51:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2016 VS 2022 VS 2028
- Figure 52:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, AUSTRALIA, 2017 - 2028
- Figure 53:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, AUSTRALIA, 2017 - 2028
- Figure 54:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, AUSTRALIA, 2021 VS 2028
- Figure 55:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, CHINA, 2017 - 2028
- Figure 56:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, CHINA, 2017 - 2028
- Figure 57:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, CHINA, 2021 VS 2028
- Figure 58:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, INDIA, 2017 - 2028
- Figure 59:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, INDIA, 2017 - 2028
- Figure 60:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, INDIA, 2021 VS 2028
- Figure 61:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
- Figure 62:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, INDONESIA, 2017 - 2028
- Figure 63:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
- Figure 64:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, JAPAN, 2017 - 2028
- Figure 65:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, JAPAN, 2017 - 2028
- Figure 66:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, JAPAN, 2021 VS 2028
- Figure 67:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, MALAYSIA, 2017 - 2028
- Figure 68:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, MALAYSIA, 2017 - 2028
- Figure 69:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, MALAYSIA, 2021 VS 2028
- Figure 70:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SINGAPORE, 2017 - 2028
- Figure 71:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, SINGAPORE, 2017 - 2028
- Figure 72:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, SINGAPORE, 2021 VS 2028
- Figure 73:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, SOUTH KOREA, 2017 - 2028
- Figure 74:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, SOUTH KOREA, 2017 - 2028
- Figure 75:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, SOUTH KOREA, 2021 VS 2028
- Figure 76:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, THAILAND, 2017 - 2028
- Figure 77:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, THAILAND, 2017 - 2028
- Figure 78:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, THAILAND, 2021 VS 2028
- Figure 79:
- VOLUME OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, KILOGRAM, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 80:
- VALUE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS CONSUMED, USD, REST OF ASIA-PACIFIC, 2017 - 2028
- Figure 81:
- VALUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES CONSUMED BY TECHNOLOGY, %, REST OF ASIA-PACIFIC, 2021 VS 2028
- Figure 82:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2019 - 2021
- Figure 83:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2019 - 2021
- Figure 84:
- REVENUE SHARE OF BUILDING AND CONSTRUCTION ADHESIVES AND SEALANTS BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2021
Asia-Pacific Construction Adhesives & Sealants Industry Segmentation
Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin. Hot Melt, Reactive, Sealants, Solvent-borne, Water-borne are covered as segments by Technology. Australia, China, India, Indonesia, Japan, Malaysia, Singapore, South Korea, Thailand are covered as segments by Country.
- 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.
| Resin | |
| Acrylic | |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins |
| Technology | |
| Hot Melt | |
| Reactive | |
| Sealants | |
| Solvent-borne | |
| Water-borne |
| Country | |
| Australia | |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| Singapore | |
| South Korea | |
| Thailand | |
| Rest of Asia-Pacific |
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Market Definition
- End-user Industry - Residential construction, commercial construction, public buildings, industrial buildings and infrastructure projects are considered under the construction industry.
- Product - All adhesive and sealant products used in construction industry are considered in the market studied
- Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
- Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and Sealants technologies are taken into consideration.
| Keyword | Definition |
|---|---|
| Hot-melt Adhesive | Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed. |
| Reactive Adhesive | A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Solvent-borne Adhesive | Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers). |
| Water-borne Adhesive | Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent. |
| UV Cured Adhesive | UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives. |
| Heat-resistant Adhesive | Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage. |
| Reshoring | Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this. |
| Oleochemicals | Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats. |
| Nonporous Materials | Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood.聽Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow. |
| EU-Vietnam Free Trade Agreement | A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019. |
| VOC content | Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants. |
| Emulsion Polymerization | Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product. |
| 2025 National Packaging Targets | In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025. |
| Russian Government鈥檚 Import Substitution Policy | The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015. |
| Paper Substrate | Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered. |
| Insulation Material | A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils. |
| Thermal Shock | A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity. |
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Research Methodology
糖心vlog传媒 follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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