Indonesia Adhesives And Sealants Market Size (2024 - 2029)

Indonesia Adhesives and Sealants Market Analysis

The Indonesia Adhesives And Sealants Market size is estimated at USD 0.90 billion in 2024, and is expected to reach USD 1.24 billion by 2029, growing at a CAGR of 6.66% during the forecast period (2024-2029).

The COVID-19 pandemic had a negative impact on the market for Indonesia adhesives and sealants. Nationwide lockdowns and strict social distancing measures led to the closure of aerospace, automotive, construction, healthcare, packaging, and footwear industries consequently affecting the Indonesia adhesives and sealants market. However, after the COVID-19 pandemic, the market recovered well following the lifting of restrictions. It rebounded significantly due to the increased consumption of adhesives and sealants in various applications such as aerospace, automotive, construction, healthcare, packaging, footwear, and others. 

• Growing demand from the construction industry and increasing demand from the packaging industry in the country are expected to drive the market for Indonesia's adhesives and sealants market during the forecast period.
• On the flip side, the over-reliance on the import of raw materials is likely to hinder the market's growth.
• The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to act as opportunities for the market studied over the forecast period.

Indonesia Adhesives and Sealants Industry Segmentation

Adhesives are substances that are capable of holding at least two surfaces together in a strong and permanent manner while sealants are designed to close gaps between surfaces and prevent things such as water, dust, or dirt from entering them.

The Indonesia adhesives and sealants market is segmented into adhesives by resin, adhesives by technology, sealants by resin, and end-user industry. Based on adhesive by resin, the market is segmented into acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and other adhesives by resin. Based on adhesive by technology, the market is segmented into hot melt, reactive, solvent-borne, UV-cured, and waterborne. Based on sealant by resin, the market is segmented into polyurethane, epoxy, acrylic, silicone, and other sealants by resin. Based on the end-user industry, the market is segmented into aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and other end-user industries. The market sizing and forecasts for each segment have been done on the basis of value (USD).