Asia Pacific Adhesivs Market Size |Asia Locitite Market Share

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The adhesives market of Asia has grown at a CAGR of 6.7% from USD ~ billion in 2009 to USD ~ billion in 2014. In developed markets of the Asia-Pacific region, including countries such as Japan and China, the offerings from the market players are expected to be diverse, focused mainly on environmental friendly adhesives. Additionally, the market is predicted to witness expansion in terms of the new and innovative adhesives because of rising usage in different industries such as construction, packaging, medical and others. The Asia-Pacific adhesives market is expected to grow at a CAGR of 7.8% from 2015-2020 on account of increasing affluence of consumers towards usage of adhesives and better adhesives being produced in the recent years.

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The global adhesives market has shown consistent growth over the past several years which has been driven by markets such as Asia Pacific, North America and Europe. The market was valued at USD ~ billion in 2009 which inclined to USD ~ billion in 2014. The competition in Global adhesives market has been largely concentrated with the presence of fewer major market participants operating at global scale. Some of the key players in the adhesive market are Henkel Corporation, Bayer, BASF SE, Sika AG, H.B. Fuller, 3M, among others. These players have accounted for a substantial share in the overall adhesives market share during 2014. Growing demand from packaging industry is expected to drive the market for adhesives. These are used in label applications, packaging tapes, flexible laminations and food packaging as they offer improved chemical and heat resistance Asia adhesives market has comprised almost half of the global adhesives market over the past few years. The presence of Asias adhesives market in global position has been increasing over the past few years. The rising demand in developing countries such as China, India, Korea, Malaysia and Vietnam are driving the adhesives market. The revenue generated from the Asia adhesives market has grown from USD ~ billion in 2009 to USD ~ billion in 2014 at a CAGR of ~%. The adhesives market also face numerous challenges in terms of increased competition because of rising number of organized and unorganized player in the market thus leading to competition in terms of price and thus negatively affecting the revenue In addition, growing application of adhesives in medical application especially in surgical settings have been contributing positively towards the revenue derived the adhesives market. During 2011 and 2012, the region achieved huge gains in this market, mainly due to increase in production due to emergence of new players in the market and extensive variety of adhesives product portfolio ranging from water based adhesives to solvent type adhesives. The India adhesives market has recorded strong growth during the period of FY2010-FY2015 and is expected to sustain its rapid growth during the next five years. Surging end user industries such as woodworking and furniture industry, growth in packaging market, increasing participation of global manufacturers, technical research and development and mounting investment in infrastructure development have enabled the industry to garner augmented revenues every year. The major domestic players have consistently adopted diverse strategies in order to maintain their competitive edge. Pidilite Industries contributed to ~% of total revenue in FY2015, whereas Anabond and 3M India were other dominant players. 0.010.020.030.040.050.060.070.080.0FY'2009 FY'2010 FY'2011 FY'2012 FY'2013 FY'2014 FY'2015INR Billion China adhesives market is highly fragmented market, where major proportion of the market is covered by global companies and a minute proportion is dominated by local players. Overtime, Chinas adhesives market has transformed itself to renowned as the largest segment in the adhesives market of China. In the year 2014, the industry stood at USD ~ billion growing at a CAGR of ~% during the period of 2009-2014. The industry performed exponentially well during the period from 2009-2011 and also earned a record ten year high growth rate of ~% in 2011. After 2011 the industry witnessed a hit in terms of market size owing to the global economic crisis and as a result the growth in the industry significantly declined to ~% in 2012. The Japan adhesive industry has been plagued by sluggish growth rates resulting from dearth in domestic demand. The industry stood at USD ~ billion in 2014 by growing at a CAGR of ~ % during 2009-2014. The industry recorded revenue of USD ~ billion in 2009. After registering diminishing growth during the 2011, the industry accelerated the rate of growth owing to revenue generated from exports. Despite the Japan adhesive industry being the second largest adhesive market in Asia in terms of value, the performance of the industry has been worsening because of the ongoing stage of maturity of its industry lifecycle.. Japan Adhesives Market Size on the Basis of Revenue, 2009-2014 The products manufactured in the Japan adhesive industry have multifaceted applications in woodworking, construction, packaging, transportation, textile, machinery, paper and bookbinding and footwear industries. The woodworking industry has contributed the highest proportion of revenue generated by the industry owing to the surging furniture industry in the country. In terms of technology, the water based capture major proportion of the market, contributing towards ~% of the total adhesives market revenue in 2014, amounting for USD ~ billion. Korea adhesives industry has showcased an overwhelming performance by inclining at a CAGR growth of ~ % during the period 2009-2014. This noteworthy performance in the industry was largely contributed by the major segments such as water based, hot melt, pressure sensitive and other adhesives products market, which have marked substantial growth in revenues during this period. This growth was mainly emanated through significant surge in demand from domestic as well as overseas markets. This surge in revenues was also contributed through increase in production capacity by major players operating in the industry.. The sales of adhesives were registered as USD ~ million in 2009 which grew at a CAGR of ~% to reach USD ~ billion in 2014. In 2011, sales were reported to be USD ~ billion. The sales of adhesives have showed a continuous upsurge over the years South Korea Adhesives Market Size on the Basis of Revenue, 2009-2014 The competition in Korea adhesives market has been largely concentrated with the presence of fewer major market participants operating at global scale. Taiwan adhesives industry has showcased an overwhelming performance by inclining at a CAGR growth of 6.7% during the period 2009-2014. This noteworthy performance in the industry was largely contributed by the major segments such as Water base, solvent based and other adhesives products market, which has marked substantial growth in revenues during this period. This growth was mainly emanated through significant surge in demand from segments such as Packaging, construction, automobile, wood working and others. This surge in revenues was also contributed through increase in production capacity by major players operating in the industry. The sales of adhesives were registered as USD ~ million in 2009 which grew at a CAGR of ~% to reach USD ~ billion in 2014. In 2011, sales were reported to be USD ~ billion. The sales of adhesives have showed a continuous upsurge over the years Taiwan Adhesives Market Size on the Basis of Revenue, 2009-2014 On the basis of applications the Korea Adhesive Industry comprises of six segments namely Packaging, Construction, Automotive, Footwear, Woodworking and others. The Packaging segment has been the market leader with ~% contribution to the total revenue generated by the industry. Related Reports: https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/asia-adhesive-market-research-report/4447-101.html Contact: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Website : www.kenresearch.com

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