Japan Adhesives Market | Japan Adhesive Competition

Japan Adhesive Market is Expected to Augment at a CAGR of 4.1%, during 2015-2020 – Ken Research

Japan adhesive industry has been plagued by sluggish growth rates resulting from dearth in domestic demand. The industry grew at a CAGR of 4.6% during 2009-2014. After registering diminishing growth during the 2011, the industry accelerated the rate of growth owing to revenue generated from exports. 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. Adverse impact of the global economic crisis has restricted the growth potential of all manufacturing industries in Japan including the adhesive industry. As a result of the combined effects of these factors the gap between production and sales has been widening in the industry.

Formaldehyde type adhesives have had the maximum contribution in the total revenue generated by the industry whereas solvent type adhesives have had the minimum. 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.

During the period of 2009-2014 the major applications sectors for the Japan adhesive industry have been plywood, construction, packaging, transportation, textile, machinery, paper and book binding and footwear. Woodworking has been the highest contributor in terms of production, contributing sector during the five year period but the sector’s contribution has declined over the years. The Japan adhesive industry comprises of formaldehyde-type, water based reactive, reactive, hot melt, solvent based and other adhesives on the basis of technology. The Japanese government in collaboration with the Japan Adhesive Industry Association (JAIA) has implemented product standards on adhesives. All the companies that have been registered as members of the association are required to get their products certified.

In 2014, the adhesives market for Japan has been segmented into two major segments-Industrial segment and Consumer Segment. Adhesives produced for usage in industrial segment accounted majority of the overall adhesives market revenue. On the other hand, adhesives used by consumers for day to day residential purposes garnered 30.0% of the adhesives market revenue in Japan. The higher proportion of industrial adhesives can be accounted to rising demand by construction sector due to upsurge in personal disposable income as well as because of upsurge in demand for adhesives from packaging and furniture industry.

The market for adhesives in Japan has been divided into natural and synthetic adhesives. In 2014, synthetic adhesives accounted majority of the overall adhesives market revenue. The higher contribution of synthetic adhesives in the overall market has been mainly due to their properties such as being heat resistant, can be molded as per requirement and others. For instance: Silicone rubber is outstanding in terms of its resistance to extremes of hot and cold and can be used in a wide range of temperatures. As it has only a low degree of adhesion itself, silicone resin is used as a tackifier.

For further detail follow the below mentioned link:

 https://www.kenresearch.com/metal-mining-and-chemicals/chemicals/japan-adhesive-market-research-report/4479-101.html

Related Reports:

Asia Pacific Adhesives Market Outlook to 2020– Driven by Rising Demand and Innovative Products

India Adhesives Market Outlook to FY’2020 – Rapid Industrialization and Government Support to Shape Future Growth

China Adhesives Market Outlook to 2020 – Rising Packaging Industry and Innovative Methods of Production to Drive Growth

South Korea Adhesives Market Outlook to 2020 – Rising Demand from Industrial Sector and Overseas Market to Foster Future Growth

 

Contact:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

 

Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

scroll to top