Asia Pacific Construction Adhesives Market Size & Outlook
Asia Pacific construction adhesives market, 2018-2030 (US$M)
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Asia Pacific construction adhesives market highlights
- The Asia Pacific construction adhesives market generated a revenue of USD 5,754.4 million in 2022.
- The market is expected to grow at a CAGR of 7% from 2023 to 2030.
- In terms of segment, water based was the largest revenue generating technology in 2022.
- Water Based is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 5,754.4 million |
| Market revenue in 2030 | USD 9,876.2 million |
| Growth rate | 7% (CAGR from 2022 to 2030) |
| Largest segment | Water based |
| Fastest growing segment | Water Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Reactive & Others |
| Key market players worldwide | 3M Co, Sika AG, Dow Inc, Arkema SA, Henkel AG & Co KGaA, Illinois Tool Works Inc, Avery Dennison Corp, RPM International Inc, H.B. Fuller Co, Franklin International |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 38.4% of the global construction adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,876.2 million by 2030.
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Construction Adhesives Market Scope
Construction Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific construction adhesives 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 construction adhesives market will help companies and investors design strategic landscapes.
Water based was the largest segment with a revenue share of 47.34% in 2022. Horizon Databook has segmented the Asia Pacific construction adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific dominated the construction adhesives market in 2022. Strong economic development coupled with population expansion in countries such as China and India are expected to increase construction spending in Asia Pacific over the next seven years.
Furthermore, according to Oxford Economics, the volume of construction output is predicted to grow by 85% and reach USD 17.5 trillion by 2030. With China and India being the major economies driving the construction industry in the region, Asia Pacific is expected to be a lucrative market for construction adhesives.
Factors such as strong residential and non-residential construction base, growing manufacturing activities, and favorable economic policies are projected to drive the construction adhesives market in the country. According to the IMF, the GDP of China was USD 13.46 trillion in 2018 and is predicted to reach USD 19.58 trillion by 2023.
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Our clientele includes a mix of construction adhesives market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific construction adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific construction adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific Construction Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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