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Indonesia Sealants Market Size

The Indonesia sealants market is experiencing growth driven primarily by the construction industry, which is a major contributor to the country's economy. The market's expansion is supported by the diverse applications of sealants in construction activities, including waterproofing and joint-sealing. Additionally, other industries such as electronics, healthcare, and automotive are contributing to the market's size due to the increasing demand for sealants in manufacturing and assembly processes. The rapid growth of e-commerce and the consumer electronics sector further enhance the market's potential. Despite challenges posed by COVID-19 and raw material shortages, the market is poised for growth, reflecting the dynamic needs of various end-user industries.

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Market Size of indonesia sealants Industry

Indonesia Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 78.77 Million
svg icon Market Size (2028) USD 97.15 Million
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.38 %
svg icon Fastest Growing by End User Industry Aerospace
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Indonesia Sealants Market Analysis

The Indonesia Sealants Market size is estimated at 78.77 million USD in 2024, and is expected to reach 97.15 million USD by 2028, growing at a CAGR of 5.38% during the forecast period (2024-2028).

78.77 Million

Market Size in 2024 (USD)

97.15 Million

Market Size in 2028 (USD)

3.65 %

CAGR (2017-2023)

5.38 %

CAGR (2024-2028)

Largest Market by End-user Industry

26.66 %

value share, Building and Construction, 2023

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

Fastest Growing Market by End-user Industry

6.72 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry is likely to witness the fastest growth owing to the rapid expansion of general aviation for the domestic market.

Largest Market by Resin

46.53 %

value share, Silicone, 2023

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Due to their excellent tear and abrasion resistance and wide usage in building and construction end users, silicone sealants have dominated the market.

Fastest Growing Market by Resin

5.68 %

Projected CAGR, Polyurethane, 2024-2028

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

Leading Market Player

9.85 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel AG & Co. KGaA has been witnessed as the leading sealants manufacturer in Indonesia. This can be attributed to the popularity of its products, mostly in the building and construction industry.

Rising popularity of electric vehicles in addition to government incentives for the purchase of EVs predicted to raise the consumption of sealants in Indonesia

  • The Indonesian sealants market is largely driven by the construction industry, followed by other end-user industries due to the wide range of applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry has registered as the fourth-largest contributor to the country’s GDP in 2021. However, construction activities decreased in 2020 due to COVID-19 restrictions and the scarcity of raw materials.
  • Other end-user industries are likely to obtain the second largest market share of the Indonesian sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials, and they are used for sealing sensors and cables, etc. The electronics market of Indonesia is expected to showcase a considerable growth rate which will create demand for sealants over the projected time period. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Indonesian sealants market.
  • Sealants have considerable applications in the healthcare and automotive industries, and Indonesia has achieved significant development in these sectors in recent times. Sealants are used in healthcare mostly for assembling and sealing medical device parts. Increasing demand for electric vehicles due to favourable government policies, along with consumer preferences for lightweight vehicles, will gradually influence the demand for sealants.
Indonesia Sealants Market

Indonesia 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 Indonesian sealants market is largely driven by the construction industry, followed by other end-user industries due to the wide range of applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry has registered as the fourth-largest contributor to the country’s GDP in 2021. However, construction activities decreased in 2020 due to COVID-19 restrictions and the scarcity of raw materials.
  • Other end-user industries are likely to obtain the second largest market share of the Indonesian sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials, and they are used for sealing sensors and cables, etc. The electronics market of Indonesia is expected to showcase a considerable growth rate which will create demand for sealants over the projected time period. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Indonesian sealants market.
  • Sealants have considerable applications in the healthcare and automotive industries, and Indonesia has achieved significant development in these sectors in recent times. Sealants are used in healthcare mostly for assembling and sealing medical device parts. Increasing demand for electric vehicles due to favourable government policies, along with consumer preferences for lightweight vehicles, will gradually influence the demand for sealants.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
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Indonesia Sealants Market Size Summary

The Indonesian sealants market is experiencing growth driven primarily by the construction industry, which is a significant contributor to the country's GDP. Sealants are extensively used in construction for applications such as waterproofing, weather-sealing, and joint-sealing, benefiting from their durability and ease of application on various substrates. The market is also supported by the electronics and electrical equipment sectors, where sealants are used for potting and protecting materials, as well as sealing sensors and cables. The rapid expansion of e-commerce and the strong position of the consumer electronics segment further bolster the demand for sealants. Additionally, the healthcare and automotive industries are emerging as important end-users, with sealants being used for assembling medical devices and in the production of electric vehicles, respectively.

The construction sector in Indonesia is poised for expansion, with significant investments in infrastructure projects such as the extension of Jakarta's metro network and the development of a new capital city on Borneo. These projects are expected to drive demand for sealants and adhesives. The automotive industry, despite challenges posed by the COVID-19 pandemic, is recovering and showing promising growth, which is likely to influence the sealants market. The Indonesian sealants market is fragmented, with major players like 3M, DEXTONE INDONESIA, Henkel AG & Co. KGaA, Pioneer Adhesives, Inc., and Sika AG holding a substantial share. The market's growth trajectory is supported by ongoing developments in various sectors, positioning Indonesia as a key player in the regional sealants industry.

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Indonesia Sealants Market Size - Table of Contents

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

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Healthcare

      5. 1.1.5 Other End-user Industries

    2. 1.2 Resin

      1. 1.2.1 Acrylic

      2. 1.2.2 Epoxy

      3. 1.2.3 Polyurethane

      4. 1.2.4 Silicone

      5. 1.2.5 Other Resins

Indonesia Sealants Market Size FAQs

The Indonesia Sealants Market size is expected to reach USD 78.77 million in 2024 and grow at a CAGR of 5.38% to reach USD 97.15 million by 2028.

In 2024, the Indonesia Sealants Market size is expected to reach USD 78.77 million.

Indonesia Sealants Market Report Snapshots

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