Malaysia Adhesives & Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Adhesive Manufacturer in Malaysia and the Market is segmented by Adhesives Resin Type (Silicone, Polyurethane, Acrylic, Epoxy, Cyanoacrylate, VAE/EVA, and Other Resin Types), Adhesive Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), Sealant Resin Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Resin Types), and End-user Industry (Building and Construction, Paper, Board, and Packaging, Woodworking and Joinery, Transportation, Footwear and Leather, Healthcare, Electronics, and Other End-user Industries). The market size and forecasts are Provided in terms of revenue (USD million) and volume (kilotons) for all the above segments.

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Malaysia Adhesives & Sealants Market Size

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Market Summary - Malaysia Adhesives and Sealants Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 6.00 %
Market Concentration High

Major Players

Malaysia Adhesives and Sealants Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Malaysia Adhesives & Sealants Market Analysis

The Malaysia Adhesives market is expected to reach a value of USD 590 million by the end of this year. It is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.

  • The expanding packaging industry in the region will likely drive the market significantly in the coming years.
  • However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
  • The development of bio-based and hybrid Adhesives is expected to be an opportunity in the future.

Malaysia Adhesives & Sealants Market Trends

This section covers the major market trends shaping the Malaysia Adhesives & Sealants Market according to our research experts:

Increasing Demand from Packaging Industry

Packaging is a fast-growing industry in terms of design and technology for protecting and enhancing products' safety and longevity.

  • The demand for quick and on-the-go packaged items is increasing due to consumers' busier lifestyles, greater spending power, and related factors in the country. Due to the COVID-19 pandemic, the country-wide lockdowns and temporary shutdown of manufacturing facilities caused several issues, including disruptions in supply chains, imports, and exports.
  • The growing e-commerce sector is expected to boost packaging as people move toward convenience. Logistics companies are coming into play to support manufacturers, distributors, wholesalers, and retailers in delivering their packages. Hence, driving the market significantly.
  • For instance, in 2021, the gross value contributed by the e-commerce sector to the GDP increased to 13 percent from 11.6 percent in 2020. Since 2015, there has been an upward trend in the contribution of e-commerce to the Malaysian GDP.
  • Also, some of the significant factors contributing to the development of the packaging industry in the country are the growing demand for packaged goods from pharmaceutical, food processing, manufacturing, FMCG, healthcare, and ancillary industries.
  • For instance, from January to April 2022, Malaysia's food and beverage sales increased by 11.5 percent over the same time last year, contributing almost USD 1.7 billion to the USD 14 billion total wholesale sales value. The country's food shops are quickly expanding, with upscale grocery and convenience stores becoming increasingly popular.
  • Thus, owing to the factors mentioned above, expanding the packaging industry will likely drive the market during the forecast period.
Malaysia Adhesives and Sealants Market, Share of e-commerce to GDP, (in %), 2017-21

Growing Adoption of Water-borne Adhesives

  • Water-borne is the majorly consumed adhesive technology across the country due to its favorable properties for multiple applications or end-user industries.
  • Water-borne adhesives are often designed as dispersions or emulsions. The distributed polymer (latex) particles have a spherical form with a diameter of 50 - 300 nm. Since the concentration of the developing chains within each latex particle is shallow, high molecular weights are typically attained in emulsion polymerization.
  • These adhesives are commonly used in the woodworking and footwear industries for bonding wood, paper, textiles, leather, and other porous substrates.
  • Acrylic waterborne adhesives are the major resin type due to their cheaper cost and favorable environmental properties. They are also easier to use with multiple substrates and have moderate strength and resistance to temperature and other environmental factors.
  • Waterborne adhesives are more environmentally friendly, have negligible VOC content that does not hamper the safety of workers at manufacturing sites, and are less expensive than other types of technologies.
  • Thus, these factors are expected to boost demand for waterborne adhesives over the coming years.
Malaysia Adhesives and Sealants Market, By Technology, CAGR(%), 2022 - 2027

Malaysia Adhesives & Sealants Industry Overview

The Malaysia Adhesives and Sealants Market is consolidated in nature. The major companies include 3M, Arkema Group, Sika AG, HB Fuller Company, and Henkel AG & Co. KGaA, among others (in no particular order).

Malaysia Adhesives & Sealants Market Leaders

  1. 3M

  2. H.B. Fuller Company

  3. Henkel AG & Co. KGaA

  4. Arkema Group

  5. Sika AG

*Disclaimer: Major Players sorted in no particular order

malaysia adhesives and sealants market concentration.png
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Malaysia Adhesives & Sealants Market News

  • In 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.
  • In December 2021, under the Nuplaviva brand, Arkema introduced a new range of disposable hygiene adhesive solutions formulated with bio-based renewable content.

Malaysia Adhesives & Sealants Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from Packaging Industry

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value and Revenue)

    1. 5.1 Adhesives by Resin

      1. 5.1.1 Polyurethane

      2. 5.1.2 Acrylic

      3. 5.1.3 Silicone

      4. 5.1.4 Cyanoacrylate

      5. 5.1.5 VAE/EVA

      6. 5.1.6 Other Resins

      7. 5.1.7 Solvent-borne

    2. 5.2 Adhesives by Technology

      1. 5.2.1 Solvent-borne Coatings

      2. 5.2.2 Reactive

      3. 5.2.3 Hot Melt

      4. 5.2.4 UV-Cured Adhesives

    3. 5.3 Sealants by Resin

      1. 5.3.1 Polyurethane

      2. 5.3.2 Epoxy

      3. 5.3.3 Acrylic

      4. 5.3.4 Silicone

      5. 5.3.5 Other Resins

    4. 5.4 End-user Industry

      1. 5.4.1 Buildings and Construction

      2. 5.4.2 Paper, Board, and Packaging

      3. 5.4.3 Transportation

      4. 5.4.4 Woodworking and Joinery

      5. 5.4.5 Footwear and Leather

      6. 5.4.6 Healthcare

      7. 5.4.7 Electrical and Electronics

      8. 5.4.8 Other End-user Industries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share(%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 H.B. Fuller Company

      3. 6.4.3 Arkema Group

      4. 6.4.4 AVERY DENNISON CORPORATION

      5. 6.4.5 Mohm Chemical SDN. BHD.

      6. 6.4.6 VITAL TECHNICAL SDN BHD

      7. 6.4.7 Aica Kogyo Co.Ltd.

      8. 6.4.8 Henkel AG & Co. KGaA

      9. 6.4.9 Syarikat Chemibond Enterprise Sdn Bhd

      10. 6.4.10 Sika AG

      11. 6.4.11 Bostik

      12. 6.4.12 AICA ADTEK SDN. BHD.

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Malaysia Adhesives & Sealants Industry Segmentation

Adhesives are made from a combination of resins, additives, and solvents. The Malaysia adhesives and sealants market is segmented by adhesive resin, adhesive technology, sealant resin type, and end-user industry. By adhesives resin type, the market is segmented into silicone, polyurethane, acrylic, epoxy, cyanoacrylate, VAE/EVA, and other resin types. By adhesive technology, the market is segmented into water-borne, solvent-borne, reactive, hot melt, and other adhesive technologies. The market is segmented by sealant resin type: silicone, polyurethane, acrylic, polyvinyl acetate, and other sealant resin types. By end-user industry, the market is segmented into building and construction, paper, board, and packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical and electronics, and other end-user industries. The market sizing and forecasts for each segment are based on volume (kiloton) and revenue (USD million).

Adhesives by Resin
Polyurethane
Acrylic
Silicone
Cyanoacrylate
VAE/EVA
Other Resins
Solvent-borne
Adhesives by Technology
Solvent-borne Coatings
Reactive
Hot Melt
UV-Cured Adhesives
Sealants by Resin
Polyurethane
Epoxy
Acrylic
Silicone
Other Resins
End-user Industry
Buildings and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
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Malaysia Adhesives & Sealants Market Research FAQs

The Malaysia Adhesives and Sealants Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)

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

The report covers the Malaysia Adhesives and Sealants Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Malaysia Adhesives and Sealants Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Malaysia Adhesives & Sealants Industry Report

Statistics for the 2024 Malaysia Adhesives & Sealants market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Malaysia Adhesives & Sealants analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Malaysia Adhesives & Sealants Market Report Snapshots

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Malaysia Adhesives & Sealants Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)