Asia-Pacific Construction Adhesive Market, By Resin Type (Acrylic, PVA, PU, Epoxy, Others), Technology (Waterborne, Reactive, Solvent Borne, Others), End-Use Sector (Residential, Non-Residential, Infrastructure), Application (Countertop and Drywall Lamination Flooring, Roofing, Manufactured Housing, Panels, Concrete, Joint Cement), Country (Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific) Industry Trends and Forecast to 2029.
Asia-Pacific construction adhesive market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses the market to grow at a CAGR of 6.75% in the above-mentioned forecast period and is expected to reach the USD 8,635.34 billion by 2029.
A construction adhesive is a chemical compound that holds two or more materials together. These materials range from basic household items to building components. They're employed in a variety of applications, including ornamental laminates, plywood bonding, concrete, particleboard, metals, and more.
The growing need for construction adhesive globally, expanding usage of construction adhesive in commercial and residential applications, and rising demand for adhesives in repair of ancient structures and architectural design are some of the factors predicted to drive the construction adhesive market growth in the forecast period of 2022-2029. Furthermore, the upsurge in the demand for glazing and panels in high-rise structures, developments in safe and easy application, and the growth in the disposable income will cushion the market growth rate.
Moreover, increasing government spending on infrastructure and growing demand for low-VOC, green, and sustainable adhesives will further offer a variety of growth opportunities for the market.
On the other side, the fluctuating prices of raw materials and strict regulatory scenario are expected to stifle the construction adhesive market's expansion over the forecast period. The established infrastructure in developed countries will further challenge the growth of the construction adhesive market over the projected period.
This Asia-Pacific construction adhesive market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Asia-Pacific construction adhesive market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Construction Adhesive Market Scope and Market Size
Asia-Pacific construction adhesive market is segmented on the basis of resin type, technology, end-use sector and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of resin type, the construction adhesive market is segmented into acrylic, PVA, PU, epoxy, and others.
- On the basis of technology, the construction adhesive market is segmented into waterborne, reactive, solvent borne, and others.
- On the basis of end-use sector, the construction adhesive market is segmented into residential, non-residential, and infrastructure.
- On the basis of application, the construction adhesive market is segmented into countertop and drywall lamination flooring, roofing, manufactured housing, panels, concrete, and joint cement.
Asia-Pacific Construction Adhesive Market Country Level Analysis
Asia-Pacific construction adhesive market is analyzed and market size, volume information is provided by country, resin type, technology, end-use sector and application as referenced above.
The countries covered in Asia-Pacific construction adhesive market report are Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Hong Kong, Taiwan and Rest of Asia-Pacific.
China dominates the Asia-Pacific construction adhesive market during the forecast period of 2022-2029 owing to rising real estate investment and increase in the growth of construction sector in this region.
The country section of Asia-Pacific construction adhesive market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Construction Adhesive Market Share Analysis
Asia-Pacific construction adhesive market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Asia-Pacific construction adhesive market.
Some of the major players operating in the Asia-Pacific construction adhesive market are Wanhua, KURARAY CO., LTD., FRANKLIN INTERNATIONAL PUBLISHING HOUSE, Coim Group, 3M, ITW Performance Polymers, and AVERY DENNISON CORPORATION, among others.