The Asia Pacific Specialty Adhesives Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 503.43 Kilo Tonnes, showcasing a growth of 4.1% (2019-2022).
Cyanoacrylates, commonly known as super glue or instant adhesive, play a vital role in the market due to their exceptional bonding properties and rapid curing times. These adhesives are characterized by their fast setting, forming strong and durable bonds between a variety of substrates including metals, plastics, rubber, and ceramics. Cyanoacrylates are renowned for their ability to bond dissimilar materials effectively, making them indispensable in industries such as electronics, medical devices, and automotive assembly. Consequently, the China Market generated 34.84 Kilo Tonnes in the market in 2022.
The China market dominated the Asia Pacific Specialty Adhesives Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $799.1 Million by 2030. The Japan market is registering a CAGR of 4% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 5.4% during (2023 - 2030).
Specialty adhesives are employed in the construction industry for bonding architectural elements, installing flooring and insulation, and sealing joints and facades. They offer weather resistance, structural integrity, and durability in diverse building applications, including residential, commercial, and infrastructure projects. There is a growing demand for bio-based adhesives from renewable materials such as plant-based resins, natural polymers, and bio-derived monomers. These adhesives offer environmental benefits, including reduced carbon footprint, lower VOC emissions, and biodegradability, aligning with sustainability initiatives and green manufacturing practices.
Similarly, manufacturers are developing smart adhesives with integrated functionalities such as self-healing, self-cleaning, or sensing capabilities. These smart adhesives respond to environmental stimuli or external conditions, enabling adaptive bonding solutions in dynamic or challenging environments. Likewise, adhesive manufacturers blend different adhesive technologies or incorporate functional additives to create hybrid and multi-functional adhesives. These adhesives offer combined properties such as adhesion, sealing, damping, or thermal management in a single product, simplifying manufacturing processes and reducing the need for multiple adhesive types.
India's medical device industry encompasses various products, including diagnostic equipment, surgical instruments, implants, prosthetics, and wearable devices. As per the data released by the India Brand Equity Foundation, the medical equipment industry in India is anticipated to reach a valuation of $50 billion by 2030. This industry has attracted substantial investments over time. In FY20 (fiscal year), foreign investments in medical devices increased by 98% year-over-year to Rs. 2,196 crore (US$301.01 million). Establishing medical parks and government initiatives such as the "Production Linked Incentive (PLI) Scheme for Medical Devices 2020" is anticipated to stimulate demand. Thus, the growth of the region's medical device sector is driving the market's development.
Free Valuable Insights: The Global Specialty Adhesives Market is Predict to reach $ 6.3 Billion by 2030, at a CAGR of 4.4%
Based on Product, the market is segmented into Cyanoacrylates, Acrylic, Polyurethane, Polyvinyl Acetate and Others. Based on End-Use, the market is segmented into Construction, Automotive, Aerospace, Marine and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Product (Volume, kilo Tonnes, USD Billion, 2019-2030)
By End-Use (Volume, kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, kilo Tonnes, USD Billion, 2019-2030)
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