At 4.6% CAGR, the Asia Pacific Adhesives and Sealants Market is Projected to be worth US$ 41,225.02 million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Asia Pacific adhesives and sealants market was valued at US$ 28,693.14 million in 2022 and is expected to reach US$ 41,225.02 million by 2030, registering a CAGR of 4.6% from 2022 to 2030. Strong growth of construction and automotive industries and increasing demand for adhesives and sealants from paper & packaging industry are among the critical factors attributed to the Asia Pacific adhesives and sealants market expansion.             

Rising consumer preference for packaged food products is creating demand for high-quality food packaging products that can keep food fresh for a longer period. Further, online retail has been growing consistently in recent years. The e-commerce industry has been growing in many countries, which is positively impacting the demand for different packaging products. Furthermore, the COVID-19 pandemic crisis has transformed the way e-commerce functions. Various e-commerce websites have experienced an incredible traffic boom. The pandemic has propelled the growth of the e-commerce industry, with many consumers across the region have demonstrated a shift in buying patterns. All these factors are boosting the growth of the paper & packaging industry. In the industry, adhesives and sealants are used for laminating paper and cardboard and gluing labels and lining food packages. Therefore, the increasing demand for adhesives and sealants from the paper & packaging industry is driving the adhesives and sealants market growth.

On the contrary, fluctuation in prices of raw materials hurdles the growth of Asia Pacific adhesives and sealants market. 

Based on resin type, the Asia Pacific adhesives and sealants market is bifurcated into adhesives and sealants. The adhesives segment held 69.6% market share in 2022, amassing US$ 19,977.13 million. It is projected to garner US$ 28,862.85 million by 2030 to expand at 4.7% CAGR during 2022–2030. Additionally, the adhesives segment is categorized into epoxy, polyurethane, acrylic, and others. Further, the sealants segment is subsegmented into silicone sealant, urethane sealant, acrylic sealant, polysulfide sealant, and others.

Based on end-use industry, the Asia Pacific adhesives and sealants market is categorized into automotive, aerospace, paper and packaging, building and construction, electrical and electronics, medical, and others. The building and construction segment held 28.1% market share in 2022, amassing US$ 8,056.75 million. It is projected to garner US$ 12,135.51 million by 2030 to expand at 5.3% CAGR during 2022–2030.

Based on country, the Asia Pacific adhesives and sealants market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 63.9% share of Asia Pacific adhesives and sealants market in 2022. It was assessed at US$ 18,348.95 million in 2022 and is likely to hit US$ 27,025.31 million by 2030, exhibiting a CAGR of 5.0% during 2022–2030.            

Key players operating in the Asia Pacific adhesives and sealants market are Henkel AG and Co KGaA, HB Fuller Company, Sika AG, 3M Co, Huntsman International LLC, Dow Inc, Wacker Chemie AG, Parker Hannifin Corp, and Dymax Corporation, among others.

• In April 2021, Sika AG acquired adhesives and sealants business in Japan.
• In Feb 2023, 3M Co launched medical adhesive with longer wear time.

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