Asia-Pacific Region Spurs Demand for Adhesives and Sealants
BETHESDA, MD – The Adhesive and Sealant Council (ASC) expects the Asia-Pacific region’s total adhesive and sealant demand to grow 5 percent annually through 2015, reaching 11 billion pounds of wet formulated product. The market currently stands at 9.7 billion pounds of wet formulated product, with an estimated market value of approximately $13.8 billion.
“The Asia-Pacific region data continues to indicate a positive growth curve, with all countries showing positive trends,” noted Matthew E. Croson, President of ASC. “In fact, it remains the fastest-growing region for adhesives and sealants on a global basis through 2015.”
The 2012-2015 Asia Pacific Market Study for Adhesives and Sealants provides market size breakdowns and an overview of countries within the region, highlighting China, Japan, India, Oceania, South Korea, Taiwan, Vietnam and the rest of Asia.
The study provides market data by end-use market segment, technologies and product categories as defined in the Harmonized Definitions for Adhesives and Sealants approved and adopted in 2012 by the Adhesive and Sealant Council (North America), Chinese Adhesive and Tape Industry Association (China), and Federation of European Industries Colles (Glue) and Adhesives (European Union).
DPNA International obtained the data from direct interviews with adhesive and sealant manufacturers, industry associations, suppliers to the industry, and end users, in addition to government and financial sources and DPNA’s ongoing updated database.
The ASC 2012-2015 Asia Pacific Market Report is produced by the ASC in partnership with DPNA International Inc., a leading market analyst and research firm that is also an affiliate member of the council. The data within the reports were collected using primary research and market reports from a variety of sources and in collaboration with several trade organizations. The definitions used within the reports are harmonized with the global adhesive and sealant community. For additional information and to order the report, click here.