PUBLISHER: IMARC | PRODUCT CODE: 1609741
PUBLISHER: IMARC | PRODUCT CODE: 1609741
Japan adhesives market size reached US$ 2.08 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.33 Billion by 2032, exhibiting a growth rate (CAGR) of 5.10% during 2024-2032. The ongoing infrastructural development, coupled with the launch of innovative products like high-performance and environmentally friendly water-based adhesives, is primarily driving the market growth.
Adhesives are substances that are integral to various manufacturing and construction processes, enabling the binding of different materials through surface attachment. They come in several forms, including glues, pastes, tapes, etc., and can be designed to meet specific bonding requirements, depending on the materials utilized and the conditions of the environment they are exposed to. Adhesives can create bonds that are stronger and more flexible than other joining methods, such as welding or bolting, making them indispensable in numerous applications. These remarkable substances have a broad spectrum of uses, ranging from household repairs to sophisticated industrial assemblies. Produced via significant advancements in chemistry and materials science, adhesives continue to evolve, offering innovative solutions to bonding challenges and playing a crucial role in the development of products in industries, such as automotive, aerospace, medical, consumer goods, etc.
The Japan adhesives market is experiencing significant evolution, marked by novel trends and market drivers. One of the primary factors is the escalating demand for eco-friendly or green sticking agents, owing to the stringent regulatory frameworks set by government bodies focusing on sustainability. Additionally, the widespread adoption of bio-based adhesives, which have a reduced carbon footprint, is acting as another significant growth-inducing factor. Besides this, the rising inclination among leading manufacturers towards technologically advanced sticking agents that offer superior bonding solutions, enhanced durability, optimal resilience, etc., is positively influencing the regional market. Moreover, the expanding automotive industry, where the need for high-performance adhesives is paramount, is further bolstering the market growth across Japan. Apart from this, with the inflating popularity of lightweight and fuel-efficient vehicles, there is a growing requirement of advanced product variants that can bond diverse materials effectively. Furthermore, the elevating usage of these substances in the packaging industry for sealing and labeling is another pivotal driver. As such, numerous innovations in the medical field are propelling the demand for medical-grade adhesives in wound care, which is expected to fuel the Japan adhesives market in the coming years.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the key players include: