Japan Adhesives Market Revenue, Share, Trend Analysis

1
Japan Adhesives Market Report - 2020
2

• Despite the Japan adhesive industry being the
  second largest adhesive market in Asia in terms
  of value, the performance of the industry has
  been worsening because of the ongoing stage of
  maturity of its industry lifecycle. The
  decreasing population of Japan along with
  mounting dependency ratio has further accelerated
  the decline of the industry.
• Japan adhesives market revenues has grown at a
  CAGR of from USD billion in 2009 to USD
  billion in 2014.

3

• The revenues during the period have augmented on
  account of extensive growth from the end user
  industries, fueled by increased corporate
  earnings and higher household incomes. These
  trends have enhanced the demand for woodworking
  adhesives and packaging adhesives at a
  significant rate. The adhesive market has been
  transformed in the recent years, owing to its
  superiority over metals, which imparts high heat
  resistance to the end product and reduces the
  weight of the end products heavily. Adhesives
  have gradually replaced traditional bonding
  materials such as wood or metal in various
  applications.

4

• With better properties such as lower weight and
  higher strength, engineering plastics are much
  easier to manufacture, especially in complicated
  shapes.
• The products manufactured in the Japan adhesive
  industry have multifaceted applications in
  woodworking, construction, packaging,
  transportation, textile, machinery, paper and
  bookbinding and footwear industries. The
  woodworking industry has contributed the highest
  proportion of revenue generated by the industry
  owing to the surging furniture industry in the
  country.

5

• Japan adhesive industry comprises of formaldehyde
  type adhesives, solvent type adhesives, and water
  based adhesives, hot melt adhesives, reactive
  adhesives and pressure sensitive adhesives. In
  2014, formaldehyde-type adhesives captured the
  highest revenue to extent of , amounting to USD
  billion. The percentage share of water based
  adhesives has been increasing in the industry due
  to rising environmental consciousness of
  consumers and limited environmental impacts of
  water based adhesives. In 2014, water based
  adhesives garnered a share of of the overall
  adhesives market of Japan.

6

• Formaldehyde type adhesives and water based
  adhesives have been the highest contributing
  category of adhesives in terms of volume during
  the period of 2009-2014. On an average
  formaldehyde type adhesives accounted for 26.4
  of the output produced by the Japan adhesive
  industry from 2009 to 2014. In 2014, the usage of
  adhesives for plywood industry has contributed
  the largest share of adhesives market revenue. In
  2014, plywood industry accounted for of the
  total market revenue, amounting to USD billion.
  The second largest end user segment of adhesives
  was the construction industry which incorporates
  real estate industries.

7

• Adhesives produced for usage in industrial
  segment accounted for of the overall adhesives
  market revenue. On the other hand, adhesives used
  by consumers for day to day residential purposes
  garnered of the adhesives market revenue in
  Japan. In 2014, synthetic adhesives accounted for
  of the overall adhesives market, amounting to
  revenues worth USD billion. On the other hand,
  natural adhesives contributed of the overall
  adhesives revenues in 2015.

8

• Although, the demand for natural adhesives had
  declined but in certain cases natural adhesives
  are used with wood and paper products,
  particularly in corrugated board, envelopes,
  bottle labels, book bindings, cartons, furniture,
  and laminated film and foils. In 2014, Japans
  structural adhesives achieved the revenue of USD
  billion, with contribution to overall
  adhesives market revenues. In addition, the
  non-structural adhesives contributed of the
  overall adhesives revenue, amounting to USD
  billion in 2014. The least contribution was made
  by semi-structural adhesives, with
  contribution towards the overall market revenues.

9

• The adhesives market revenues in the future are
  expected to augment at the CAGR of during
  2015-2020, reaching revenue worth USD billion
  in 2020. Formaldehyde type adhesives segment is
  likely to sustain its dominance in Japans
  adhesives market space during the period
  2015-2020.
• Moreover, continuous efforts of the government to
  stir up demand will push the industry towards the
  stage of inclination.

10

• The key drivers of the industry are increased
  applications in various niche end user industries
  and strict regulations regarding fuel economy.
  High volatility in the prices of raw-materials
  for adhesives is one of the major restraining
  factors that prevail in the market. A growing
  number of end-use applications have exhibited a
  marked shift from traditional mechanical fastener
  based technologies to adhesive based
  technologies, prominent among them being the
  automotive, mobile handheld electronic devices
  and medical sectors, which are expected to record
  faster than GDP growths over the coming few
  years.

11

• In future, the shares of industrial sector in
  overall adhesives market of Japan is projected to
  inline further and reach by 2020. Continued
  economic growth, government policies encouraging
  the expansion of renewable energy, high-speed
  rail and other high-tech sectors, and an ample
  supply of raw materials will be contributing to
  strong growth in the adhesives market in Japan.
  On the other hand, the consumer segment is
  expected to contribute of the overall
  adhesives market in 2020 as against proportionate
  share of in 2014

12

• Furthermore, adhesives market players in Japan
  have started to seek overseas opportunities in
  order to enhance their sales. A long term
  scenario of the industry foretells an impending
  market expansion, with the leading categories to
  be the major revenue earners. Japan has matured
  market for adhesives and is expected to grow at a
  relatively sluggish rate over the next six years.
• High volatility in the prices of raw-materials
  for adhesives is one of the major restraining
  factors that prevail in the market.

13

• Increased applications in building construction
  industry and growing exterior and interior
  applications in the automobile industry have
  supplemented the industrial consumption in Japan.

14

• Source https//www.kenresearch.com/metal-mining-a
  nd-chemicals/chemicals/japan-adhesive-market-resea
  rch-report/4479-101.html
• Contact UsKen ResearchAnkur Gupta, Head
  Marketing CommunicationsAnkur_at_kenresearch.com
  91-9015378249

15
Thank you