ASIA PACIFIC ADHESIVES MARKET FORECAST 2021-2028

ASIA PACIFIC ADHESIVES MARKET FORECAST 2021-2028

  • December 2020 •
  • 148 pages •
  • Report ID: 5999229 •
  • Format: PDF
KEY FINDINGS
The Asia Pacific adhesives market is projected to evaluate a CAGR of 5.61% in terms of volume, and 6.93% in terms of revenue, during the forecast years of 2021 to 2028. The increased demand for automotive adhesives, the growing need for adhesives from aircraft manufacturing industries, and the active investments in research endeavors, to manufacture eco-friendly products, are projected to drive the region’s market growth.

MARKET INSIGHTS
The Asia Pacific adhesives market growth is assessed by studying China, Japan, Australia & New Zealand, Vietnam, South Korea, Indonesia, Thailand, India, and the rest of the Asia Pacific.India is a developing economy, and holds substantial potential for future market opportunities.

Besides, the country’s government is establishing efforts to attract foreign direct investments (FDIs), within the manufacturing industry, to make India a manufacturing core.The government is also aiming to increase the manufacturing sector’s share within the gross domestic product (GDP) by 2022, from 16% to 22%.

Moreover, the country is projected to be the third-largest construction market, globally, with its contribution to the GDP expected to rise by nearly 15%, over the next decade.
However, on the other hand, South Korea’s construction industry is likely to witness a minor contraction in the upcoming years, given the slow-moving economy, and the lack of demand experienced by the nation’s housing market.For instance, the construction productivity observed a decline of more than 5%, year-on-year, in 2019, on account of the reduced investments and the deteriorating housing market.

Conversely, South Korea’s packaging industry has been observing steady growth, over recent years.The major factor fueling the sector includes the rising product packaging innovations, thereby increasing its convenience.

Hence, these factors are set to propel market growth.

COMPETITIVE INSIGHTS
Prominent companies operating in the market include, Uniseal Inc, Hexcel Corporation, Huntsman Corporation, Pidilite Industries Limited, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments

Companies mentioned
1. 3M COMPANY
2. ARKEMA SA
3. ASHLAND ASIA PACIFIC SPECIALTY CHEMICALS INC
4. AVERY DENNISON CORPORATION
5. BASF SE
6. EASTMAN CHEMICAL COMPANY
7. HENKEL AG & CO KGAA
8. MOMENTIVE PERFORMANCE MATERIALS INC (MPM)
9. BEARDOW & ADAMS (ADHESIVES) LIMITED
10. HB FULLER COMPANY
11. SIKA AG
12. DOW CHEMICAL COMPANY
13. UNISEAL INC
14. RPM INTERNATIONAL INC
15. HEXCEL CORPORATION
16. HUNTSMAN CORPORATION