Market by Technology, Type, End-user, and Country | Forecast 2021-2028 The Asia-Pacific adhesives market is expected to make progress with a CAGR of 6.41% in terms of value and 5.09% in terms of volume throughout the estimated period of 2021-2028. The countries evaluated in this report are: China Japan India South Korea Australia & New Zealand ASEAN countries Rest of APAC countries The last few years have seen China’s footwear industry grow significantly, with the high demand for sports footwear. The government of the country supports the adoption of sports footwear to promote a healthy lifestyle. It is estimated that, China’s mainland footwear market would be worth around $70.53 billion by 2021. Footwear is among the largest applications of adhesives. Therefore, the growth of the footwear industry will accelerate the demand for adhesives in the country. This, in turn, will prove beneficial for the growth of the adhesives market. In addition, China has the largest electronics production base in the world, which gives tough competition to the existing upstream producers, such as Taiwan, Singapore, and South Korea. Electronic products like smartphones, tablets, OLED TVs, etc., have a major share in the market. However, in the last few years, the domestic market has reached the maturity stage. This has resulted in a decline in the growth of the consumer electronics market. This factor is likely to slightly hamper the demand for adhesives in the country, and thus, negatively affect the adhesives market growth to a certain extent during the forecast period. On the other hand, the Japanese construction industry is expected to showcase significant growth in the next few years. The nation’s infrastructure sector is expected to benefit from the country’s preparation for the upcoming Olympics event to be held in July 2021. Also, the government is making investments to reconstruct properties destroyed by natural disasters. These factors are expected to majorly boost the domestic construction industry, and in turn, help raise the demand for adhesives. The growing demand is anticipated to drive the growth of Japan’s adhesives market. HB Fuller Company manufactures, formulates, and markets adhesives, sealants, and other chemical products. It caters its products to the industrial and consumer goods sectors. The company has a large presence in the Asia-Pacific, and the region is also one of its five major operating segments. Major Players in the Market https://www.tritonmarketresearch.com/reports/asia-pacific-adhesives-market