Southeast Asia Adhesives and Sealants Market Size (2024 - 2029)

The Southeast Asia adhesives and sealants market is experiencing a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's expansion is primarily fueled by increasing demand from the construction and packaging industries, although growth is challenged by strict regulations on VOC emissions. Opportunities are emerging from innovations in bio-based adhesives and a shift towards adhesive bonding in composite materials. Indonesia stands out as the largest market in the region, driven by its robust construction, electronics, and packaging sectors.

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Market Size of Southeast Asia Adhesives and Sealants Industry

Southeast Asia Adhesives and Sealants Market - Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 6.50 %
Market Concentration Low

Major Players

Southeast Asia Adhesives and Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order

Southeast Asia Adhesives and Sealants Market Analysis

Southeast Asia's adhesives and sealants market is currently estimated at USD 3 billion. It is expected to reach USD 4.11 billion over the forecast period, registering a CAGR of over 6.5% during the forecast period.

Due to the COVID-19 outbreak, nationwide lockdowns worldwide, disruption in manufacturing activities and supply chains, and production halts negatively impacted the market in 2020. However, the conditions started recovering in 2021, restoring the market's growth trajectory.

  • The demand for adhesives and sealants is extensively driven by the growing demand from the construction industry and increasing application in the packaging industry.
  • However, the growth is likely to be hindered by the stringent VOC emissions regulations related to adhesives and sealants.
  • The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives and sealants market.
  • Indonesia is the region's largest market for adhesives and sealants, where the end-user industries, such as construction, electronics, and packaging, drive consumption.

Southeast Asia Adhesives and Sealants Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The composition of the resins and additives entirely depends on the end use to which they are put. The market is segmented by adhesive technology, sealant product type, geography, and end-user industry. The market is segmented by adhesive technology into water-borne, solvent-borne, reactive, hot melt, and other technologies. By sealant product type, the market is segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and other product types. The end-user industry segments the market into building and construction, paper, board, packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical, electronics, and other industries. Each segment's market sizing and forecasts are based on value (USD).

Adhesive Technology
Water Borne
Acrylic
Ethylene Vinyl Acetate (EVA) Emulsion
Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
Polyvinyl Acetate (PVA) Emulsion
Other Water-borne Adhesives
Solvent-borne
Styrene-Butadiene Rubber (SBR)
Styrene-Butadiene Rubber (SBR)
Poly Acrylate (PA)
Other Solvent-borne Adhesives
Reactive
Epoxy
Modified Acrylic
Silicone
Polyurethane
Anaerobic
Cyanoacrylate
Other Reactive Adhesives
Hot Melt
Ethylene Vinyl Acetate
Styrenic Block Copolymers
Thermoplastic Polyurethane
Other Hot Melt Adhesives
Other Technologies
Sealant Product Type
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Product Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
Indonesia
Vietnam
Thailand
Malaysia
Philippines
Singapore
Rest of Southeast Asia
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Southeast Asia Adhesives and Sealants Market Size Summary

The Southeast Asia adhesives and sealants market is experiencing a robust growth trajectory, driven primarily by the burgeoning construction and packaging industries. The market, currently valued at a significant sum, is poised for substantial expansion over the forecast period. The construction sector, in particular, is a major consumer of adhesives and sealants, leveraging their superior properties such as high cohesive strength, flexibility, and resistance to environmental factors. This demand is further bolstered by government initiatives in countries like Vietnam and Thailand, which are witnessing large-scale housing and infrastructure projects. Despite challenges posed by stringent VOC emissions regulations, the market is expected to benefit from innovations in bio-based adhesives and the increasing adoption of adhesive bonding in composite materials.

Indonesia stands out as the largest market within the region, with its adhesives and sealants consumption driven by active construction, electronics production, and a growing packaging industry. The country's commitment to infrastructure development, including a significant housing program and advancements in the automotive sector, underscores its pivotal role in the market's expansion. Additionally, Indonesia's push towards electric vehicle adoption and the development of new power plants are anticipated to further stimulate market growth. The Southeast Asia adhesives and sealants market is characterized by its fragmented nature, with key players like 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA actively shaping the competitive landscape through strategic acquisitions and innovations.

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Southeast Asia Adhesives and Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Construction Industry

      2. 1.1.2 Increasing Application in Packaging Industry

      3. 1.1.3 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)

    1. 2.1 Adhesive Technology

      1. 2.1.1 Water Borne

        1. 2.1.1.1 Acrylic

        2. 2.1.1.2 Ethylene Vinyl Acetate (EVA) Emulsion

        3. 2.1.1.3 Polyurethane Dispersion and CR (Chloroprene Rubber) Latex

        4. 2.1.1.4 Polyvinyl Acetate (PVA) Emulsion

        5. 2.1.1.5 Other Water-borne Adhesives

      2. 2.1.2 Solvent-borne

        1. 2.1.2.1 Styrene-Butadiene Rubber (SBR)

        2. 2.1.2.2 Styrene-Butadiene Rubber (SBR)

        3. 2.1.2.3 Poly Acrylate (PA)

        4. 2.1.2.4 Other Solvent-borne Adhesives

      3. 2.1.3 Reactive

        1. 2.1.3.1 Epoxy

        2. 2.1.3.2 Modified Acrylic

        3. 2.1.3.3 Silicone

        4. 2.1.3.4 Polyurethane

        5. 2.1.3.5 Anaerobic

        6. 2.1.3.6 Cyanoacrylate

        7. 2.1.3.7 Other Reactive Adhesives

      4. 2.1.4 Hot Melt

        1. 2.1.4.1 Ethylene Vinyl Acetate

        2. 2.1.4.2 Styrenic Block Copolymers

        3. 2.1.4.3 Thermoplastic Polyurethane

        4. 2.1.4.4 Other Hot Melt Adhesives

      5. 2.1.5 Other Technologies

    2. 2.2 Sealant Product Type

      1. 2.2.1 Silicone

      2. 2.2.2 Polyurethane

      3. 2.2.3 Acrylic

      4. 2.2.4 Polyvinyl Acetate

      5. 2.2.5 Other Product Types

    3. 2.3 End-user Industry

      1. 2.3.1 Building and Construction

      2. 2.3.2 Paper, Board, and Packaging

      3. 2.3.3 Transportation

      4. 2.3.4 Woodworking and Joinery

      5. 2.3.5 Footwear and Leather

      6. 2.3.6 Healthcare

      7. 2.3.7 Electrical and Electronics

      8. 2.3.8 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Indonesia

      2. 2.4.2 Vietnam

      3. 2.4.3 Thailand

      4. 2.4.4 Malaysia

      5. 2.4.5 Philippines

      6. 2.4.6 Singapore

      7. 2.4.7 Rest of Southeast Asia

Southeast Asia Adhesives and Sealants Market Size FAQs

The Southeast Asia Adhesives and Sealants Market is projected to register a CAGR of greater than 6.5% during the forecast period (2024-2029)

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

Southeast Asia Adhesive Market Report Snapshots

Southeast Asia Adhesive Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)