Japan Adhesives Market Outlook to 2020 - Led by Rising Demand from Plywood and Construction Sector"provides a comprehensive analysis of the various aspects such as market size, segmentation and future projections of the adhesives market by types of adhesives being used in industries such as packaging, construction, automotive and others. This report also offers prevalent trends and developments in Japan Adhesive Market, Government regulations, SWOT and PESTLE analysis of the Market. The report also covers the competitive landscape of the Market in which the information related to market share, business performance, strategies of the major players has been comprehensively presented. It also includes information on the major macroeconomic indicators affecting the market and future outlook of the adhesives industry of Japan by key segments including analyst’s take on the industry.

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, Japan’s
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 Japan’s 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-
and-chemicals/chemicals/japan-adhesive-market-
research-report/4479-101.html
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