Asia Pacific Composite Adhesive Market Size & Outlook
Asia Pacific composite adhesive market, 2018-2030 (US$M)
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Asia Pacific composite adhesive market highlights
- The Asia Pacific composite adhesive market generated a revenue of USD 1,742.0 million in 2023.
- The market is expected to grow at a CAGR of 5.2% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,742.0 million |
| Market revenue in 2030 | USD 2,479.1 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Epoxy, Polyurethane, Cyanoacrylate, Other Products |
| Key market players worldwide | 3M Co, Arkema SA, Dow Inc, Henkel AG & Co KGaA, H.B. Fuller Co, Huntsman Corp, Illinois Tool Works Inc, Parker Hannifin Corp, Sika AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 48.2% of the global composite adhesive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,135.8 million by 2030.
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Composite Adhesive Market Scope
Composite Adhesive Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific composite adhesive market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to composite adhesive market will help companies and investors design strategic landscapes.
Epoxy was the largest segment with a revenue share of 37.51% in 2023. Horizon Databook has segmented the Asia Pacific composite adhesive market based on acrylic, epoxy, polyurethane, cyanoacrylate, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the largest consumer of composite adhesives in the global market. The increasing requirement of composite-based products in EVs, renewables, aerospace & defense, and construction industries is anticipated to propel the demand for adhesives over the forecast period.
Southeast Asia is one of the emerging regions in the global market. It is attracting EV manufacturers to build plants and commence production in the years to come. For instance, in October 2021, Hyundai Motor Group announced to set up a new EV manufacturing plant in Indonesia.
The plant will produce 150,000 units a year. The rise in EV production is anticipated to drive demand for composite parts and adhesives over the forecast period. China is the electronic manufacturing hub of the world.
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Target buyers of Asia Pacific composite adhesive market databook
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Our clientele includes a mix of composite adhesive market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific composite adhesive market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific composite adhesive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific composite adhesive market outlook size, by country, 2018-2030 (US$M)
Asia Pacific Composite Adhesive Market Outlook Share, 2023 & 2030 (US$M)
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