The market for adhesives & sealants in Asia-pacific region was found to witness the highest growth rate, compared to other regions globally. According to BlueQuark Research & Consulting, the Asia-Pacific Adhesives & Sealants Market is expected to witness a significant growth rate during the forecast period. The market for adhesives & sealants in the region is likely to continue to be driven by the ongoing growth in the urbanization and construction industry coupled with the increasing demand from the prospering packaging industry in the region. However, the market is expected to be hindered by the increasing implementation of strict regulations and the launch of counterfeit or sub-standard products by the domestic players, especially in China and India.

China continues to hold dominance during the forecast period due to the growing demand from end-user industries, including the Paper, Board, & Packaging industry and building & construction industry which is anticipated to witness the fastest growth rate among others. For instance, paper, board and related products account for the largest share (~35%) of the adhesives & sealants market followed by the building & construction industry (~30%).

Emergence of bio-based adhesives and sealants is likely to act an opportunity for the growth of the market during the forecast period. Among the product types of sealants, silicone sealants was found to continue its dominance during the forecast period. Building & construction industry was found to be the major end-user of adhesives & sealants in the region and water-borne technology dominated other technologies.

In the year 2019, the market was found to be partially consolidated. Some of the key players in the market are 3M , Sika AG, Arkema Group, Henkel AG and H.B. Fuller, among others. Moreover, the other drivers for the adhesives & sealants in the country include strategic emerging markets, Belt and Road Initiative (BRI), and technological advancements in Water-borne, hot melt, solvent-free, UV curing, high solid content products.

The ongoing growth in the urbanization and construction industry in the Asia-Pacific region is likely to drive the consumption of adhesives & sealants. The rate of urbanization in the Asia-Pacific region is around 1.5% per year, the highest in the world. It is estimated that by the year 2030, over half of the population in the region will be urban. Asia-pacific region is a combination of both emerging and developed economies. By the end of 2021, around half of the global construction spending is likely to come from Asia-pacific region, supported by the countries including China, India, Indonesia, South Korea, Japan and Malaysia. The construction industry in India is expected to grow at a CAGR of about 15% in the next 3 years. The construction output is expected to grow on average by 7.1% every year. In addition to this, ASEAN bloc construction sector highlights USD 250 billion potential. These markets are expected to grow at 7.5% in the construction industry, compared to global growth of 3% in the coming years.

In April 2020, Dow launched, DOWSIL EA-3838 Fast curing silicone adhesive, for reduction of energy usage, greater assembly efficiency at any production volume. Bio-based materials attract more and more attention in all fields due to their improved environmental footprint and customer environmental awareness as material used in bio-based adhesives and sealants include starch, vegetable oils, proteins, lignin, and natural resins.

Transportation industry is one of the major consumers of adhesives & sealants in the Asia-Pacific region. Their application include structural metal bonding, structural fiber reinforced plastic bonding, glass bonding, interior and exterior trim among others. The applications of adhesives & sealants is not only limited to cars and trucks in the transportation, but it also includes marine, aerospace and motorcycle applications. For transportation sector, adhesive & sealants comes in various forms including liquid adhesives, tapes, hot-melt adhesives, solvent-borne and water-borne adhesives, etc. In recent decades, the demand for lightweight materials has increased in the automotive industry, driving the market for adhesives & sealants.

Asia-Pacific Adhesives Sealants Market report provides deep insight into the current and future state of the Asia-Pacific Adhesive & Sealant Market across various regions. The study comprehensively analyzes the Asia-Pacific Adhesives & Sealants Market by segmenting based on geography, By Adhesive Technology (Water-borne (Acrylic, Vinyl Acetate, Polyurethane Dispersion, and Chloroprene Rubber), Solvent-borne (Chloroprene Rubber, Polyacrylate, and Styrenic Block Copolymers), Reactive (Polyurethane, Epoxy, Cyanoacrylate, Modified Acrylic, and Anaerobic), and Hot Melt (Ethylene Vinyl Acetate, Synthetic Rubber, and Others), by Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Others), and by End-user Industry (Building & Construction, Transportation, Paper, Board, and Packaging, Footwear and Leather, and Other Industrial Adhesives (Electronics, Woodworking, etc.). The report examines the market drivers and restraints that are influencing the growth in detail. The study covers & includes emerging market trends, developments, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies including their market shares and projects.