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Indonesia Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028

The Indonesia Adhesives Market Report is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery), by Technology (Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne) and by Resin (Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA). Market Value in USD and Volume in tons are both presented. Key Data Points observed include the volume of automobile production, plastic and paper and paperboard packaging production, new construction floor area, aircraft production and deliveries.

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Indonesia Adhesives Market Size

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Indonesia Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 0.82 Billion
svg icon Market Size (2028) USD 1.04 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 5.95 %
svg icon Fastest Growing by End User Industry Aerospace

Major Players
major-player-company-image

*Disclaimer: Major Players sorted in alphabetical order.

Key Players

Compare market size and growth of Indonesia Adhesives Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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Indonesia Adhesives Market Analysis

The Indonesia Adhesives Market size is estimated at 0.82 billion USD in 2024, and is expected to reach 1.04 billion USD by 2028, growing at a CAGR of 5.95% during the forecast period (2024-2028).

0.82 Billion

Market Size in 2024 (USD)

1.04 Billion

Market Size in 2028 (USD)

5.91 %

CAGR (2017-2023)

5.95 %

CAGR (2024-2028)

Largest Market by End-user Industry

39.32 %

value share, Packaging, 2023

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The packaging industry holds the largest share of the market owing to its widespread applications, including labels, tapes, carton sealing and joining, and labeling.

Fastest Growing Market by End-user Industry

8.18 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry is likely to register the fastest growth in the market owing to the rapid expansion of general aviation and civil aviation for the domestic market.

Largest Market by Technology

32.26 %

value share, Hot Melt, 2023

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In Indonesia, hot melt adhesives gain the major market share owing to their easy applicability, non-toxic, and fast curing process across industries.

Largest Market by Resin

25.60 %

value share, Polyurethane, 2023

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Polyurethane adhesives hold the largest share owing to their wide applications in building construction, woodworking, and automotive industries, specifically for exterior applications.

Leading Market Player

11.47 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading adhesives manufacturer in Indonesia. This can be attributed to the popularity of its products in widespread industries, including building and construction, automotive, aerospace, woodworking, and others.

The numerous ongoing and planned infrastructure projects in the country to have a key role in the growth of adhesive demand

  • The consumption of adhesives in Indonesia has shown a downward trend in 2020 due to the impact of COVID-19. The consumption was reduced by about 13% in terms of volume in the same year compared to 2019. The lockdown in the country has largely become the major reason for the shortage of adhesives in the country. Moreover, due to the shutdown of production facilities and supply chain disruption, the demand for these adhesives is largely being impacted.
  • The Indonesian packaging industry plays an important role in all industries and businesses. Therefore, the development of the packaging industry cannot be separated from the development of the national industry. In fact, packaging has become one of the determining factors for the competitiveness of national industrial products. In recent years, the packaging sector has grown by 6%-7% year-on-year, with a realized value of IDR 104,728 billion in 2021. In reality, as the COVID-19 epidemic began to spread, the packing business did not suffer considerably. The packaging industry is expected to increase at a 6%-8% annual rate, in conjunction with the growth of the major supporting sectors, such as food and beverage (Mamin), pharmaceutical, and retail.
  • On the other side, the industry is now investing in massive infrastructure projects to accelerate the country's growth. For example, Indonesia is planning to invest over USD 40 billion to expand Jakarta's metro network, which is expected to strengthen the country's construction industry. Indonesia is also planning ambitious construction projects worth more than USD 400 billion in the future years, including the construction of 25 airports and new power plants. All of these variables influence the demand for adhesives.
Indonesia Adhesives Market

Indonesia Adhesives Market Trends

The government initiatives to promote paper and paperboard packaging will escalate the industry size

  • The packaging is mainly used for protection, containment, information, utility of use, and promotion. This makes packaging an integral part of most industries. The growing Indonesian market is expected to boost packaging usage and register a CAGR of 4.33% during the forecast period. In 2017, packaging usage accounted for 143.46 million tons of packaging, including paper and paperboard and plastic. Due to COVID-19, in 2020, the market registered a negative growth of -5.77%, and this was due to disruption in the supply chain, shortage of packaging material, restrictions on the import and export of goods, and factories operating at low capacity.
  • In 2021, the market registered a positive growth of 4.28%, with 153.41 million tons of packaging material used for various purposes. It is expected that the packaging industry will keep growing as there has been a rise in the e-commerce sector which has given a significant boost to the packaging industry in the past few years as special packaging is required for shipping goods.
  • The government of Indonesia has taken steps toward the use of plastic, as Indonesia is the second-largest contributor of plastic waste in the ocean after China. The extended producer responsibility (EPR) regulation imposed by the Indonesian government will oblige producers and retailers to redesign their product packaging to have a higher proportion of recyclable material. This will encourage manufacturers to use paper and paperboard as the base material for the packaging, which will increase the volume of adhesives used in the packaging process.
  • In today's competitive market of consumer products, it has become inevitable for companies to use attractive packaging to stand out from their competitors and maintain their brand value in the market.
Indonesia Adhesives Market

Considerable growth of export values for automotive parts & components will proliferate the industry growth

  • The automotive industry in Indonesia remains a promising sector that contributes significantly to the country's economic progress. According to Agus Gumiwang Kartasasmita, Minister of Sector Republic of Indonesia, the automobile industry in Indonesia witnessed tremendous growth in 2021, with a double-digit growth rate of 17.82%. In 2019, the country produced about 12,86,848 units of vehicles which drastically reduced to 6,90,176 units in 2020, accounting for a decline of about 46% owing to the COVID-19 pandemic. Due to this reason, the variation in automotive production between 2019 and 2021 resulted in about -13%, whereas between 2020 and 2021, the variation was about 63%.
  • The trade in the automotive sector in Indonesia showed a surplus in all years from 2019 to 2021. Both exports and imports fell in 2020 as a result of the global pandemic, which generated limitations and disruptions in economic activities, so impeding the global supply chain and hurting total production. However, in line with the robust output in 2021, both export and import values increased significantly, with a trade balance of USD 1.93 billion. Although 2021 had the highest level of commercial activity in the prior ten years, the trade balance surplus was the lowest in comparison to 2019 and 2020, which had balance values of USD 2 billion and USD 1.95 billion, respectively.
  • Globally, the development of EVs signaled a fundamental shift in the Indonesian transportation sector's policies. Given the country's nickel reserves, Indonesia is well-placed to become a major player in the global EV supply chain. To be a part of the region's EV future, Indonesia needs to invest in technology, talent resources, renewable energy, and infrastructure.
Indonesia Adhesives Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing demand from civil aviation will likely boost the need for light aircraft
  • Significant foreign investments will impetus the growth of the footwear industry of the country
  • Government & public investments in residential and non-residential construction projects will boost the industry
  • Rise in export of wooden furniture to the Western countries will aid the industry growth

Indonesia Adhesives Industry Overview

The Indonesia Adhesives Market is fragmented, with the top five companies occupying 15.91%. The major players in this market are 3M, DEXTONE INDONESIA, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).

Indonesia Adhesives Market Leaders

  1. 3M

  2. DEXTONE INDONESIA

  3. H.B. Fuller Company

  4. Henkel AG & Co. KGaA

  5. Sika AG

Indonesia Adhesives Market Concentration

Other important companies include ALTECO co., ltd., Huntsman International LLC, MAPEI S.p.A., Pidilite Industries Ltd., PT. Pamolite Adhesive Industry.

*Disclaimer: Major Players sorted in alphabetical order.

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Indonesia Adhesives Market News

  • October 2021: 3M introduced a new generation of acrylic adhesives, including 3M Scotch-Weld Low Odor Acrylic Adhesive 8700NS Series, 3M Scotch-Weld Flexible Acrylic Adhesive 8600NS Series, and 3M Scotch-Weld Nylon Bonder Structural Adhesive DP8910NS.
  • September 2021: Henkel launched its newly developed solvent-free and zero-VOC adhesive range for rubber lining.
  • July 2021: H.B. Fuller announced a strategic agreement with Covestro to offer sustainable adhesives in the market.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on various end-user production trends including automobile production, newly built construction floor area, packaging production, aircraft deliveries, footwear production, and regional data on adhesives and sealants demand, etc.

Indonesia Adhesives Market
Indonesia Adhesives Market
Indonesia Adhesives Market
Indonesia Adhesives Market

Indonesia Adhesives Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Footwear and Leather

      5. 2.1.5. Packaging

      6. 2.1.6. Woodworking and Joinery

    2. 2.2. Regulatory Framework

      1. 2.2.1. Indonesia

    3. 2.3. Value Chain & Distribution Channel Analysis

  5. 3. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Footwear and Leather

      5. 3.1.5. Healthcare

      6. 3.1.6. Packaging

      7. 3.1.7. Woodworking and Joinery

      8. 3.1.8. Other End-user Industries

    2. 3.2. Technology

      1. 3.2.1. Hot Melt

      2. 3.2.2. Reactive

      3. 3.2.3. Solvent-borne

      4. 3.2.4. UV Cured Adhesives

      5. 3.2.5. Water-borne

    3. 3.3. Resin

      1. 3.3.1. Acrylic

      2. 3.3.2. Cyanoacrylate

      3. 3.3.3. Epoxy

      4. 3.3.4. Polyurethane

      5. 3.3.5. Silicone

      6. 3.3.6. VAE/EVA

      7. 3.3.7. Other Resins

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. 3M

      2. 4.4.2. ALTECO co., ltd.

      3. 4.4.3. DEXTONE INDONESIA

      4. 4.4.4. H.B. Fuller Company

      5. 4.4.5. Henkel AG & Co. KGaA

      6. 4.4.6. Huntsman International LLC

      7. 4.4.7. MAPEI S.p.A.

      8. 4.4.8. Pidilite Industries Ltd.

      9. 4.4.9. PT. Pamolite Adhesive Industry

      10. 4.4.10. Sika AG

  7. 5. KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Adhesives and Sealants Industry Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Drivers, Restraints, and Opportunities

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. VOLUME OF AIRCRAFTS DELIVERED, UNITS, INDONESIA, 2017-2028
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, INDONESIA, 2017-2028
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, INDONESIA, 2017-2028
  1. Figure 4:  
  2. PRODUCTION VOLUME OF FOOTWEAR, PAIRS, INDONESIA, 2017-2028
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PAPER & PAPER BOARD AND PLASTIC PACKAGING, TONS, INDONESIA, 2017-2028
  1. Figure 6:  
  2. PRODUCTION VOLUME OF FURNITURE, UNITS, INDONESIA, 2017-2028
  1. Figure 7:  
  2. VOLUME OF CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 8:  
  2. VALUE OF CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 9:  
  2. VOLUME OF ADHESIVES CONSUMED BY END USER INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 10:  
  2. VALUE OF ADHESIVES CONSUMED BY END USER INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 11:  
  2. VOLUME SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2022 VS 2028
  1. Figure 12:  
  2. VALUE SHARE OF ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2022 VS 2028
  1. Figure 13:  
  2. VOLUME OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 14:  
  2. VALUE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 15:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN AEROSPACE INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 16:  
  2. VOLUME OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 17:  
  2. VALUE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 18:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN AUTOMOTIVE INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 19:  
  2. VOLUME OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 20:  
  2. VALUE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 21:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 22:  
  2. VOLUME OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 23:  
  2. VALUE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 24:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN FOOTWEAR AND LEATHER INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 25:  
  2. VOLUME OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 26:  
  2. VALUE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 27:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN HEALTHCARE INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 28:  
  2. VOLUME OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 29:  
  2. VALUE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 30:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN PACKAGING INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 31:  
  2. VOLUME OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 32:  
  2. VALUE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 33:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN WOODWORKING AND JOINERY INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 34:  
  2. VOLUME OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 35:  
  2. VALUE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, INDONESIA, 2017 - 2028
  1. Figure 36:  
  2. VALUE SHARE OF ADHESIVES CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY TECHNOLOGY, %, INDONESIA, 2021 VS 2028
  1. Figure 37:  
  2. VOLUME OF ADHESIVES CONSUMED BY TECHNOLOGY, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 38:  
  2. VALUE OF ADHESIVES CONSUMED BY TECHNOLOGY, USD, INDONESIA, 2017 - 2028
  1. Figure 39:  
  2. VOLUME SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, INDONESIA, 2022 VS 2028
  1. Figure 40:  
  2. VALUE SHARE OF ADHESIVES CONSUMED BY TECHNOLOGY, %, INDONESIA, 2022 VS 2028
  1. Figure 41:  
  2. VOLUME OF HOT MELT ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 42:  
  2. VALUE OF HOT MELT ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 43:  
  2. VALUE SHARE OF HOT MELT ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2021 VS 2028
  1. Figure 44:  
  2. VOLUME OF REACTIVE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 45:  
  2. VALUE OF REACTIVE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 46:  
  2. VALUE SHARE OF REACTIVE ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2021 VS 2028
  1. Figure 47:  
  2. VOLUME OF SOLVENT-BORNE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 48:  
  2. VALUE OF SOLVENT-BORNE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 49:  
  2. VALUE SHARE OF SOLVENT-BORNE ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2021 VS 2028
  1. Figure 50:  
  2. VOLUME OF UV CURED ADHESIVES ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 51:  
  2. VALUE OF UV CURED ADHESIVES ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 52:  
  2. VALUE SHARE OF UV CURED ADHESIVES ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2021 VS 2028
  1. Figure 53:  
  2. VOLUME OF WATER-BORNE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 54:  
  2. VALUE OF WATER-BORNE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 55:  
  2. VALUE SHARE OF WATER-BORNE ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2021 VS 2028
  1. Figure 56:  
  2. VOLUME OF ADHESIVES CONSUMED BY RESIN, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 57:  
  2. VALUE OF ADHESIVES CONSUMED BY RESIN, USD, INDONESIA, 2017 - 2028
  1. Figure 58:  
  2. VOLUME SHARE OF ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2022 VS 2028
  1. Figure 59:  
  2. VALUE SHARE OF ADHESIVES CONSUMED BY RESIN, %, INDONESIA, 2022 VS 2028
  1. Figure 60:  
  2. VOLUME OF ACRYLIC ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 61:  
  2. VALUE OF ACRYLIC ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 62:  
  2. VALUE SHARE OF ACRYLIC ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 63:  
  2. VOLUME OF CYANOACRYLATE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 64:  
  2. VALUE OF CYANOACRYLATE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 65:  
  2. VALUE SHARE OF CYANOACRYLATE ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 66:  
  2. VOLUME OF EPOXY ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 67:  
  2. VALUE OF EPOXY ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 68:  
  2. VALUE SHARE OF EPOXY ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 69:  
  2. VOLUME OF POLYURETHANE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 70:  
  2. VALUE OF POLYURETHANE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 71:  
  2. VALUE SHARE OF POLYURETHANE ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 72:  
  2. VOLUME OF SILICONE ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 73:  
  2. VALUE OF SILICONE ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 74:  
  2. VALUE SHARE OF SILICONE ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 75:  
  2. VOLUME OF VAE/EVA ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 76:  
  2. VALUE OF VAE/EVA ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 77:  
  2. VALUE SHARE OF VAE/EVA ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 78:  
  2. VOLUME OF OTHER RESINS ADHESIVES CONSUMED, KILOGRAM, INDONESIA, 2017 - 2028
  1. Figure 79:  
  2. VALUE OF OTHER RESINS ADHESIVES CONSUMED, USD, INDONESIA, 2017 - 2028
  1. Figure 80:  
  2. VALUE SHARE OF OTHER RESINS ADHESIVES CONSUMED BY END USER INDUSTRY, %, INDONESIA, 2021 VS 2028
  1. Figure 81:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, INDONESIA, 2019 - 2021
  1. Figure 82:  
  2. MOST ADOPTED STRATEGIES, COUNT, INDONESIA, 2019 - 2021
  1. Figure 83:  
  2. REVENUE SHARE OF ADHESIVES BY MAJOR PLAYERS, %, INDONESIA, 2021

Indonesia Adhesives Industry Segmentation

Aerospace, Automotive, Building and Construction, Footwear and Leather, Healthcare, Packaging, Woodworking and Joinery are covered as segments by End User Industry. Hot Melt, Reactive, Solvent-borne, UV Cured Adhesives, Water-borne are covered as segments by Technology. Acrylic, Cyanoacrylate, Epoxy, Polyurethane, Silicone, VAE/EVA are covered as segments by Resin.

  • The consumption of adhesives in Indonesia has shown a downward trend in 2020 due to the impact of COVID-19. The consumption was reduced by about 13% in terms of volume in the same year compared to 2019. The lockdown in the country has largely become the major reason for the shortage of adhesives in the country. Moreover, due to the shutdown of production facilities and supply chain disruption, the demand for these adhesives is largely being impacted.
  • The Indonesian packaging industry plays an important role in all industries and businesses. Therefore, the development of the packaging industry cannot be separated from the development of the national industry. In fact, packaging has become one of the determining factors for the competitiveness of national industrial products. In recent years, the packaging sector has grown by 6%-7% year-on-year, with a realized value of IDR 104,728 billion in 2021. In reality, as the COVID-19 epidemic began to spread, the packing business did not suffer considerably. The packaging industry is expected to increase at a 6%-8% annual rate, in conjunction with the growth of the major supporting sectors, such as food and beverage (Mamin), pharmaceutical, and retail.
  • On the other side, the industry is now investing in massive infrastructure projects to accelerate the country's growth. For example, Indonesia is planning to invest over USD 40 billion to expand Jakarta's metro network, which is expected to strengthen the country's construction industry. Indonesia is also planning ambitious construction projects worth more than USD 400 billion in the future years, including the construction of 25 airports and new power plants. All of these variables influence the demand for adhesives.
End User Industry
Aerospace
Automotive
Building and Construction
Footwear and Leather
Healthcare
Packaging
Woodworking and Joinery
Other End-user Industries
Technology
Hot Melt
Reactive
Solvent-borne
UV Cured Adhesives
Water-borne
Resin
Acrylic
Cyanoacrylate
Epoxy
Polyurethane
Silicone
VAE/EVA
Other Resins
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Woodworking & Joinery, Footwear & Leather, Healthcare, and Others are the end-user industries considered under the adhesives market.
  • Product - All adhesive products are considered in the market studied
  • Resin - Under the scope of the study, resins like Polyurethane, Epoxy, Acrylic, Cyanoacrylate, VAE/EVA, and Silicone are considered
  • Technology - For the purpose of this study, Water-borne, Solvent-borne, Reactive, Hot Melt, and UV Cured adhesive technologies are taken into consideration.
Keyword Definition
Hot-melt Adhesive Hot melt adhesives are generally 100% solid formulations, based on thermoplastic polymers. They are solid at room temperature and are activated upon heating above their softening point, at which stage they are liquid, and hence, can be processed.
Reactive Adhesive A reactive adhesive is made up of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive.
Solvent-borne Adhesive Solvent-borne adhesives are mixtures of solvents and thermoplastic, or slightly cross-linked polymers, such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers (elastomers).
Water-borne Adhesive Water-borne adhesives use water as a carrier or diluting medium to disperse a resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a diluent, rather than a volatile organic solvent.
UV Cured Adhesive UV curing adhesives induce curing and create a permanent bond without heating by using ultraviolet (UV) light or other radiation sources. An aggregation of monomers and oligomers is cured or polymerized by ultraviolet (UV) or visible light in a UV adhesive. Because UV is a radiating energy source, UV adhesives are often referred to as radiation curing or rad-cure adhesives.
Heat-resistant Adhesive Heat-resistant Adhesives refer to those that do not break down under high temperatures. One aspect of a complicated system of circumstances is the adhesive's capacity to withstand disintegration brought on by high temperatures. As the temperature rises, adhesives may liquefy. They can withstand stresses resulting from differing coefficients of expansion and contraction, which might be an additional advantage.
Reshoring Reshoring is the practice of moving commodity production and manufacturing back to the nation where the business was founded. Onshoring, inshoring, and back shoring are further terms used. Offshoring, the practice of producing items abroad to lower labor and manufacturing costs, is the opposite of this.
Oleochemicals Oleochemicals are compounds produced from biological oils or fats. They resemble petrochemicals, which are substances made from petroleum. The oleochemical business is built on the hydrolysis of oils or fats.
Nonporous Materials Nonporous materials are substances that do not permit the passage of liquid or air. Nonporous materials are those that are not porous, such as glass, plastic, metal, and varnished wood. Since no air can get through, less airflow is required to raise these materials, negating the requirement for high airflow.
EU-Vietnam Free Trade Agreement A trade agreement and an investment protection agreement were concluded between the European Union and Vietnam on June 30, 2019.
VOC content Compounds with limited solubility in water and high vapor pressure are known as Volatile Organic Compounds (VOCs). Many VOCs are human-made chemicals that are used and produced in the manufacture of paints, pharmaceuticals, and refrigerants.
Emulsion Polymerization Emulsion polymerization is a method of producing polymers or connected groups of smaller chemical chains known as monomers, in a water solution. The method is often used to make water-based paints, adhesives, and varnishes, in which the water stays with the polymer and is marketed as a liquid product.
2025 National Packaging Targets In 2018, the Australian Environment Ministry set the following 2025 National Packaging Targets: 100% of the packaging must be reusable, recyclable, or compostable by 2025, 70% of plastic packaging must be recycled or composted by 2025, 50% of average recycled content must be included in packaging by 2025, and problematic and unnecessary single-use plastic packaging must be phased out by 2025.
Russian Government’s Import Substitution Policy The Western sanctions suspended the distribution of several high-tech items to Russia, including those required by the raw material export sectors and the military-industrial complex. In response, the government launched an "import substitution" scheme, appointing a special commission to oversee its implementation in early 2015.
Paper Substrate Paper substrates are paper sheets, reels, or boards with a base weight of up to 400 g/m2 that has not been converted, printed or otherwise altered.
Insulation Material A material that inhibits or blocks heat, sound, or electrical transmission is known as Insulation Material. The variety of insulation materials includes thick fibers like fiberglass, rock and slag wool, cellulose, and natural fibers as well as stiff foam boards and sleek foils.
Thermal Shock A temperature change known as thermal shock generates stress in a material. It commonly results in material breakdown and is especially prevalent in brittle materials like ceramics. When there is a quick temperature change, either from hot to cold or vice versa, this process occurs abruptly. It occurs more frequently in materials with poor heat conductivity and insufficient structural integrity.
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Research Methodology

Mordor Intelligence follows a four-step methodology in all our reports.

  • Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
  • Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
  • Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
  • Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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Indonesia Adhesives Market Research FAQs

The Indonesia Adhesives Market size is expected to reach USD 821.76 million in 2024 and grow at a CAGR of 5.95% to reach USD 1.04 billion by 2028.

In 2024, the Indonesia Adhesives Market size is expected to reach USD 821.76 million.

3M, DEXTONE INDONESIA, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Indonesia Adhesives Market.

In the Indonesia Adhesives Market, the Packaging segment accounts for the largest share by end user industry.

In 2024, the Aerospace segment accounts for the fastest growing by end user industry in the Indonesia Adhesives Market.

In 2023, the Indonesia Adhesives Market size was estimated at 821.76 million. The report covers the Indonesia Adhesives Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Adhesives Market size for years: 2024, 2025, 2026, 2027 and 2028.

Indonesia Adhesives Industry Report

Statistics for the 2024 Indonesia Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Indonesia Adhesives analysis includes a market forecast outlook 202 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Indonesia Adhesives Market Report Snapshots

Indonesia Adhesives Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2028