Market Forecast By Types (Acrylic, Epoxy, Polyvinyl Acetate (PVA), Polyurethane (PU), Styrenic Block, Ethyl Vinyl Acetate (EVA), Silicone & Others), By Technology (Water-based, Solvent-based, Hot Melt, Pressure Sensitive, Reactive and Others) And Competitive Landscape
Product Code: ETC019849 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Philippines Adhesives Market |
Forecast period | 2025-2031 |
CAGR | 8.2% |
Growing Sector | Construction |
Philippines Adhesives Market report thoroughly covers the market by types and by technology. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Philippines Adhesives Market is experiencing dynamic growth, boosted by the increasing popularity of the DIY culture that boosts demand for user-friendly adhesion products. As the industry advances, reactive adhesives and other innovative, eco-conscious formulations are set to capture the market, driven by the pursuit of superior adhesion capabilities and environmental preservation.
According to 6Wresearch, the Philippines Adhesives Market size is anticipated to grow at a CAGR of 8.2% during the forecast period of 2025-2031. the market is largely influenced by its burgeoning construction industry, growth in packaging applications, and increased manufacturing activities that require advanced bonding solutions. A rising economy and a growing population are amplifying the need for residential and commercial infrastructure, subsequently driving demand for adhesives. Furthermore, the modern retail landscape demands innovative packaging solutions, which is another sector where adhesives are indispensable. Moreover, there is a notable shift towards solvent-free adhesives due to their reduced environmental footprint. This aligns with global environmental standards, which emphasizes sustainability—a trend further reflected in the rising adoption of bio-adhesives derived from natural resources. However, the major challenges hindering the Philippines Adhesives Market Growth include raw material price volatility and the logistics associated with importing materials, which can impact production costs and timelines. Additionally, the stringent regulations concerning VOC emissions present compliance challenges for manufacturers. Nonetheless, the opportunities in the Philippines adhesives market are significant. There is potential for the introduction of innovative, environmentally friendly products that can set the pace for the industry. The shift towards green technologies and the growing awareness of eco-sustainability in industrial practices presents an ideal opportunity for market players to innovate and expand their product lines to meet evolving customer expectations.
The government has launched various policies and incentives aimed at supporting the industrial sector, including the adhesives market. Tax incentives for manufacturers, support for small and medium enterprises (SMEs), and investment in research and development are pivotal measures that aim to enhance productivity and competitive advantage in the global market.
Several key players have established their presence in the Philippines Adhesives Industry, driving innovation and competition. Among these, 3M Philippines stands out with a miscellaneous portfolio of adhesive solutions catering to both industrial and consumer needs. Bostik Philippines Inc., known for its robust construction and industrial adhesive products, is another significant participant. Jafe Marketing Services, catering to specialized segments, contributes distinctively to the market.
The future of the Philippines adhesives market looks promising, driven by the expanding construction industry, the rise in do-it-yourself (DIY) culture, and increasing demand for eco-friendly adhesives. Innovative technologies and product formulations, particularly those that meet environmental standards and offer enhanced durability and efficiency, are anticipated to shape the trajectory of the market. Additionally, the adoption of bio-adhesives is foreseen to gain momentum as sustainability becomes a paramount concern globally. As the Philippines continues to develop economically, the adhesives market is poised to witness significant advancements, both in product offerings and in the adoption of modern manufacturing processes.
According to Mohit, Senior Research Analyst, 6Wresearch, the water-based adhesives are expected to dominate the Philippines Adhesives Market Share over the forecast period. They are preferred due to the minimal volatile organic compound (VOC) emissions, which correspond with the increasing environmental regulations and consumer preference for sustainable products.
By Types, the Polyvinyl Acetate (PVA) segment is experiencing considerable growth backed by its versatility and safety, making it an ideal choice for a wide range of applications, including paper, wood, and crafts, particularly within the flourishing DIY culture.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Adhesives Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Adhesives Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Adhesives Market - Industry Life Cycle |
3.4 Philippines Adhesives Market - Porter's Five Forces |
3.5 Philippines Adhesives Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Philippines Adhesives Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Philippines Adhesives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Adhesives Market Trends |
6 Philippines Adhesives Market, By Types |
6.1 Philippines Adhesives Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Philippines Adhesives Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Philippines Adhesives Market Revenues & Volume, By Acrylic , 2021-2031F |
6.1.4 Philippines Adhesives Market Revenues & Volume, By Epoxy, 2021-2031F |
6.1.5 Philippines Adhesives Market Revenues & Volume, By Polyvinyl Acetate (PVA), 2021-2031F |
6.1.6 Philippines Adhesives Market Revenues & Volume, By Polyurethane (PU), 2021-2031F |
6.1.7 Philippines Adhesives Market Revenues & Volume, By Styrenic Block, 2021-2031F |
6.1.8 Philippines Adhesives Market Revenues & Volume, By Ethyl Vinyl Acetate (EVA), 2021-2031F |
6.2 Philippines Adhesives Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Philippines Adhesives Market Revenues & Volume, By Water-based, 2021-2031F |
6.2.3 Philippines Adhesives Market Revenues & Volume, By Solvent-based, 2021-2031F |
6.2.4 Philippines Adhesives Market Revenues & Volume, By Hot Melt, 2021-2031F |
6.2.5 Philippines Adhesives Market Revenues & Volume, By Pressure Sensitive, 2021-2031F |
6.2.6 Philippines Adhesives Market Revenues & Volume, By Reactive and Others, 2021-2031F |
7 Philippines Adhesives Market Import-Export Trade Statistics |
7.1 Philippines Adhesives Market Export to Major Countries |
7.2 Philippines Adhesives Market Imports from Major Countries |
8 Philippines Adhesives Market Key Performance Indicators |
9 Philippines Adhesives Market - Opportunity Assessment |
9.1 Philippines Adhesives Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Philippines Adhesives Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Philippines Adhesives Market - Competitive Landscape |
10.1 Philippines Adhesives Market Revenue Share, By Companies, 2024 |
10.2 Philippines Adhesives Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |