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Malaysia Adhesives Market Size

The Malaysia Adhesives Market is experiencing growth, driven primarily by the packaging industry, which is a significant consumer of adhesives. The market's expansion is further supported by the automotive sector, although it faced challenges due to the COVID-19 pandemic. The construction adhesives and sealants segment is also projected to grow, despite previous stagnation in the construction industry. Overall, the market's size is expected to increase steadily over the forecast period, reflecting positive trends across these key industries.

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Market Size of malaysia adhesives Industry

Malaysia Adhesives Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 687.32 Million
svg icon Market Size (2028) USD 861.54 Million
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2028) 5.81 %
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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Malaysia Adhesives Market Analysis

The Malaysia Adhesives Market size is estimated at 687.32 million USD in 2024, and is expected to reach 861.54 million USD by 2028, growing at a CAGR of 5.81% during the forecast period (2024-2028).

687.32 Million

Market Size in 2024 (USD)

861.54 Million

Market Size in 2028 (USD)

6.12 %

CAGR (2017-2023)

5.81 %

CAGR (2024-2028)

Largest Market by End-user Industry

62.90 %

value share, Packaging, 2023

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

Fastest Growing Market by End-user Industry

8.30 %

Projected CAGR, Aerospace, 2024-2028

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In Malaysia, the footwear and leather industry is growing at the fastest rate due to the increasing usage of adhesives for assembling and joint sealing applications of footwear materials.

Largest Market by Technology

43.05 %

value share, Water-borne, 2023

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Water-borne technology, an environmentally friendly and economically viable solution, holds a significant share in the market due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.

Largest Market by Resin

23.24 %

value share, VAE/EVA, 2023

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The EVA-based adhesives segment holds the major market share owing to their hot melt applications in packaging, DIY, and other end-user industries.

Leading Market Player

10.83 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the leading adhesives manufacturer in Malaysia due to the popularity of its products in widespread industries, including building and construction, automotive, aerospace, and woodworking.

Packaging industry leading in terms of demand for adhesives in Malaysia

  • Across Malaysia, adhesives are largely being consumed across the packaging industry. The packaging industry of Malaysia is expected to record a CAGR of about 5.7% in terms of volume during the forecast period. Flexible packaging is an essential component of the transportation system for many industries and commodities, including consumer goods, electronics, cosmetics, and medical supplies. As of now, Ecoplas Sdn Bhd, Polymart, Tomypak Pvt. Ltd, Biszon, and Taisei Lamick are the leading packaging companies in the Malaysian adhesives market.
  • The consumption of automotive adhesives mainly depends on automotive production in the country. Vehicle production was expected to increase by 8.5% in 2022 from 481.7 thousand units in 2021. Malaysia registered a growth rate of 8.43% in 2022 in automotive adhesives consumption. Automotive adhesives consumption was hit by the COVID-19 pandemic in 2020. Production fell by around 10% in terms of value and volume in 2020 compared to 2019. Supply chain disruptions, shortage of raw materials, and lockdowns in the countries caused a halt in the production of automotive adhesives at the time.
  • The Malaysian construction adhesives and sealants market is projected to record a CAGR of about 3.89% in volume and 6.23% in value during the forecast period 2022 to 2028. In 2019, the construction output in Malaysia stood at approximately MYR 146.37 billion, exhibiting a slight growth over 2018. Malaysia's construction sector grew slower in 2019 as a few projects were stalled to cover the debt values. Owing to the halt in several mega construction projects, coupled with an increasing inventory of unsold housing stocks, the construction industry was almost stagnant in 2019.
Malaysia Adhesives Market

Malaysia 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.

  • Across Malaysia, adhesives are largely being consumed across the packaging industry. The packaging industry of Malaysia is expected to record a CAGR of about 5.7% in terms of volume during the forecast period. Flexible packaging is an essential component of the transportation system for many industries and commodities, including consumer goods, electronics, cosmetics, and medical supplies. As of now, Ecoplas Sdn Bhd, Polymart, Tomypak Pvt. Ltd, Biszon, and Taisei Lamick are the leading packaging companies in the Malaysian adhesives market.
  • The consumption of automotive adhesives mainly depends on automotive production in the country. Vehicle production was expected to increase by 8.5% in 2022 from 481.7 thousand units in 2021. Malaysia registered a growth rate of 8.43% in 2022 in automotive adhesives consumption. Automotive adhesives consumption was hit by the COVID-19 pandemic in 2020. Production fell by around 10% in terms of value and volume in 2020 compared to 2019. Supply chain disruptions, shortage of raw materials, and lockdowns in the countries caused a halt in the production of automotive adhesives at the time.
  • The Malaysian construction adhesives and sealants market is projected to record a CAGR of about 3.89% in volume and 6.23% in value during the forecast period 2022 to 2028. In 2019, the construction output in Malaysia stood at approximately MYR 146.37 billion, exhibiting a slight growth over 2018. Malaysia's construction sector grew slower in 2019 as a few projects were stalled to cover the debt values. Owing to the halt in several mega construction projects, coupled with an increasing inventory of unsold housing stocks, the construction industry was almost stagnant in 2019.
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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Malaysia Adhesives Market Size Summary

The Malaysia adhesives market is experiencing significant growth, driven primarily by the packaging and automotive industries. The packaging sector, a major consumer of adhesives, is expanding due to the increasing demand for flexible packaging across various industries such as consumer goods, electronics, cosmetics, and medical supplies. This growth is further fueled by the rapid development of the food and beverages industry, which has heightened the need for innovative and attractive packaging solutions. The automotive sector also plays a crucial role in the adhesives market, with the consumption of automotive adhesives closely tied to vehicle production levels. Despite challenges posed by the COVID-19 pandemic, which temporarily disrupted production and supply chains, the market is poised for recovery and expansion.

In addition to packaging and automotive, the construction industry in Malaysia is projected to contribute to the adhesives market's growth, albeit at a slower pace. The construction sector's recovery is expected to be gradual, influenced by the resolution of stalled projects and the absorption of unsold housing stocks. The market is characterized by a fragmented landscape with key players such as 3M, Arkema Group, AVERY DENNISON CORPORATION, Henkel AG & Co. KGaA, and Sika AG leading the charge. These companies are actively innovating, as seen in recent product launches that emphasize sustainability and advanced technology. The market's future growth is supported by the increasing integration of digitalization and new business models within the automotive industry, alongside the ongoing advancements in packaging and construction applications.

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Malaysia Adhesives 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 Footwear and Leather

      5. 1.1.5 Healthcare

      6. 1.1.6 Packaging

      7. 1.1.7 Woodworking and Joinery

      8. 1.1.8 Other End-user Industries

    2. 1.2 Technology

      1. 1.2.1 Hot Melt

      2. 1.2.2 Reactive

      3. 1.2.3 Solvent-borne

      4. 1.2.4 UV Cured Adhesives

      5. 1.2.5 Water-borne

    3. 1.3 Resin

      1. 1.3.1 Acrylic

      2. 1.3.2 Cyanoacrylate

      3. 1.3.3 Epoxy

      4. 1.3.4 Polyurethane

      5. 1.3.5 Silicone

      6. 1.3.6 VAE/EVA

      7. 1.3.7 Other Resins

Malaysia Adhesives Market Size FAQs

The Malaysia Adhesives Market size is expected to reach USD 687.32 million in 2024 and grow at a CAGR of 5.81% to reach USD 861.54 million by 2028.

In 2024, the Malaysia Adhesives Market size is expected to reach USD 687.32 million.

Malaysia Adhesives Market Report Snapshots

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