China is the Leader In Production of Polyvinyl Acetate and Epoxy Adhesives-Ken Research

Created On: 16 Dec 2015 5:18 PM IST

China is the Leader In Production of Polyvinyl Acetate and Epoxy Adhesives-Ken Research

Ken Research announced its latest publication Asia adhesives market has comprised almost half of the global adhesives market over the past few years. The presence of Asia’s adhesives market in global position has been increasing over the past few years. The rising demand in developing countries such as China, India, South Korea, Malaysia and Vietnam are driving the adhesives market. In 2014, China was the leading player followed by Japan, South Korea and India. The increased investment by government of China in infrastructure development and construction projects contributed extensively to the adhesives market of China.

The Asia’s adhesives market has been witnessing high growth on an account of growing demand in the Asia-Pacific region. China and India are the biggest consumers of Adhesives Market due to rapid industrialization and infrastructure growth. Japan, South Korea, and Taiwan have high per capita consumption of adhesives and sealants and thus, are expected to grow with a moderate CAGR.

The expenditure on adhesives has shown a considerable growth in the past six years 2009-2014 mainly due to surging packaging industry, greater usage of adhesives in automobile industry. The growing awareness about benefits of adhesives such as strong bonding, easy fastening, reduced weight and others among people have also increased their usage among consumers segment.

According Ken Research Reports The Asia’s adhesives market has been witnessing high growth on an account of growing demand in the Asia-Pacific region. China and India are the biggest consumers of Adhesives Market due to rapid industrialization and infrastructure growth. Japan, South Korea, and Taiwan have high per capita consumption of adhesives and sealants and thus, are expected to grow with a moderate CAGR.

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 Adhesives market in Asia region has been divided into five major countries namely China, Japan, South Korea, India and Taiwan while the rest have been combined as others.