Malaysia Adhesives and Sealants Market Size (2024 - 2029)

The Malaysia Adhesives & Sealants market is anticipated to experience steady growth, having recovered from the negative impacts of COVID-19. The market size is expected to expand, driven by the burgeoning packaging industry in the region. However, growth may be challenged by stringent regulations concerning VOC-free content. Despite these challenges, the development of bio-based and hybrid adhesives presents potential opportunities for future market expansion.

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Market Size of Malaysia Adhesives and Sealants Industry

Market Summary - Malaysia Adhesives and Sealants Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.00 %
Market Concentration High

Major Players

Malaysia Adhesives and Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Malaysia Adhesives & Sealants Market Analysis

The Malaysia Adhesives market is expected to reach a value of USD 590 million by the end of this year. It is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.

  • The expanding packaging industry in the region will likely drive the market significantly in the coming years.
  • However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
  • The development of bio-based and hybrid Adhesives is expected to be an opportunity in the future.

Malaysia Adhesives & Sealants Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The Malaysia adhesives and sealants market is segmented by adhesive resin, adhesive technology, sealant resin type, and end-user industry. By adhesives resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. By adhesive technology, the market is segmented into water-borne, solvent-borne, reactive, hot melt, and other adhesive technologies. The market is segmented by sealant resin type: silicone, polyurethane, acrylic, polyvinyl acetate, and other sealant resin types. By end-user industry, the market is segmented into building and construction, paper, board, and packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical and electronics, and other end-user industries. The market sizing and forecasts for each segment are based on volume (kiloton) and revenue (USD million).

Adhesives by Resin
Polyurethane
Acrylic
Silicone
Cyanoacrylate
VAE/EVA
Other Resins
Solvent-borne
Adhesives by Technology
Solvent-borne Coatings
Reactive
Hot Melt
UV-Cured Adhesives
Sealants by Resin
Polyurethane
Epoxy
Acrylic
Silicone
Other Resins
End-user Industry
Buildings and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
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Malaysia Adhesives and Sealants Market Size Summary

The Malaysia Adhesives and Sealants Market is poised for steady growth, driven by the expanding packaging industry and the increasing demand for quick and convenient packaged goods. The market has rebounded to pre-pandemic levels after the disruptions caused by COVID-19, including supply chain issues and temporary manufacturing shutdowns. The rise of e-commerce and the need for efficient logistics solutions are further propelling the market, as consumers seek more convenient shopping experiences. The packaging industry's growth is supported by rising demand from various sectors such as pharmaceuticals, food processing, and FMCG, which are contributing to the market's expansion.

Waterborne adhesives dominate the Malaysian market due to their environmental benefits and cost-effectiveness. These adhesives are particularly favored in industries like woodworking and footwear, where they are used for bonding materials such as wood, paper, and textiles. The market is characterized by a consolidated landscape with major players like 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA. Innovations, such as 3M's new generation of acrylic adhesives and Arkema's bio-based adhesive solutions, highlight the ongoing advancements in the sector. Despite challenges like strict VOC regulations, the development of bio-based and hybrid adhesives presents future opportunities for market growth.

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Malaysia Adhesives and Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Rising Demand from Packaging Industry

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value and Revenue)

    1. 2.1 Adhesives by Resin

      1. 2.1.1 Polyurethane

      2. 2.1.2 Acrylic

      3. 2.1.3 Silicone

      4. 2.1.4 Cyanoacrylate

      5. 2.1.5 VAE/EVA

      6. 2.1.6 Other Resins

      7. 2.1.7 Solvent-borne

    2. 2.2 Adhesives by Technology

      1. 2.2.1 Solvent-borne Coatings

      2. 2.2.2 Reactive

      3. 2.2.3 Hot Melt

      4. 2.2.4 UV-Cured Adhesives

    3. 2.3 Sealants by Resin

      1. 2.3.1 Polyurethane

      2. 2.3.2 Epoxy

      3. 2.3.3 Acrylic

      4. 2.3.4 Silicone

      5. 2.3.5 Other Resins

    4. 2.4 End-user Industry

      1. 2.4.1 Buildings and Construction

      2. 2.4.2 Paper, Board, and Packaging

      3. 2.4.3 Transportation

      4. 2.4.4 Woodworking and Joinery

      5. 2.4.5 Footwear and Leather

      6. 2.4.6 Healthcare

      7. 2.4.7 Electrical and Electronics

      8. 2.4.8 Other End-user Industries

Malaysia Adhesives and Sealants Market Size FAQs

The Malaysia Adhesives and Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

3M, H.B. Fuller Company, Henkel AG & Co. KGaA, Arkema Group and Sika AG are the major companies operating in the Malaysia Adhesives and Sealants Market.

Malaysia Adhesives & Sealants Market Report Snapshots

Malaysia Adhesives & Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)