Malaysia Sealants Market Size

Malaysia Sealants Market Analysis

The Malaysia Sealants Market size is estimated at 57.78 million USD in 2024, and is expected to reach 69.22 million USD by 2028, growing at a CAGR of 4.62% during the forecast period (2024-2028).

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57.78 Million

Market Size in 2024 (USD)

69.22 Million

Market Size in 2028 (USD)

3.46 %

CAGR (2017-2023)

4.62 %

CAGR (2024-2028)

Largest Market by End-user Industry

45.31 %

value share, Building and Construction, 2023

In Malaysia, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, weatherproofing, curtain wall, glazing, and façade.

Fastest Growing Market by End-user Industry

7.11 %

Projected CAGR, Aerospace, 2024-2028

The aerospace industry is expected to be the fastest-growing end-user industry segment in the market owing to the rapid expansion of general aviation in the domestic market.

Largest Market by Resin

43.82 %

value share, Silicone, 2023

Silicone sealant is the largest resin-based sealant segment owing to its largest application share in the building and construction industry for both interior and exterior applications.

Fastest Growing Market by Resin

4.69 %

Projected CAGR, Polyurethane, 2024-2028

Owing to their wide applications in building construction and automotive industries, specifically for exterior applications, polyurethane resin is expected to witness the fastest growth over the coming years.

Leading Market Player

23 %

market share, Sika AG, 2021

Sika AG has been witnessing increasing volume sales in Malaysia owing to the popularity of its products mostly in the building and construction industry.

Malaysia's growing emergence as an outsourcing destination and medical device manufacturing hub to substantially boost the sealants demand

Malaysia Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

• The Malaysian sealants market is primarily driven by the construction industry, followed by the other end-user industries segment due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Construction sealants are designed for longevity and ease of application on different substrates. The construction industry plays a vital role in the Malaysian economy. However, construction activities decreased in 2020 due to the COVID-19 pandemic-induced restrictions and scarcity of raw materials, which was restored in 2021, thus, boosting the sealants demand across the country.
• Sealants have considerable applications in the healthcare industry and are primarily used for assembling and sealing medical device parts. Medical-grade sealants have unique applicability to various substrates, such as glass, metal, plastic, painted surfaces, etc., and significant features such as weather-proofing, heat resistance, and anti-aging are likely to boost the demand for sealants. Malaysia is emerging as an outsourcing destination and medical device manufacturing hub for manufacturers in the Southeast Asian region. This, in turn, is expected to boost the sealants demand in the country over the forecast period.
• The other end-user industries segment is likely to obtain a decent share in the Malaysian sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, etc. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, is likely to propel the Malaysian sealants market.