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Southeast Asia Adhesives And Sealants Market Size (2024 - 2029)

The Southeast Asia adhesives and sealants market is experiencing a recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's expansion is primarily fueled by increasing demand from the construction and packaging industries, although growth is challenged by strict regulations on VOC emissions. Opportunities are emerging from innovations in bio-based adhesives and a shift towards adhesive bonding in composite materials. Indonesia stands out as the largest market in the region, driven by its robust construction, electronics, and packaging sectors.

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Market Size of Southeast Asia Adhesives And Sealants Industry

Southeast Asia Adhesives And Sealants Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 3.57 Billion
Market Size (2029) USD 4.86 Billion
CAGR (2024 - 2029) > 6.30 %
Market Concentration Low

Major Players

Southeast Asia Adhesive Market Major Players

*Disclaimer: Major Players sorted in no particular order

Southeast Asia Adhesives and Sealants Market Analysis

The Southeast Asia Adhesives And Sealants Market size is estimated at USD 3.57 billion in 2024, and is expected to reach USD 4.86 billion by 2029, at a CAGR of greater than 6.30% during the forecast period (2024-2029).

The Southeast Asia adhesives and sealants market faced setbacks due to COVID-19. Global lockdowns and stringent government regulations led to widespread shutdowns of production hubs. However, the market rebounded in 2021 and is projected to see significant growth in the upcoming years.

  • Over the short term, growing demand from the construction sector and increasing adoption in the packaging industry are the major factors driving the demand for the market studied.
  • However, stringent VOC emissions regulations related to adhesives and sealants are expected to hinder the market's growth.
  • Nevertheless, the innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials is expected to create new opportunities for the market studied.
  • Indonesia is expected to dominate the market and witness the highest growth during the forecast period.

Southeast Asia Adhesives and Sealants Industry Segmentation

Adhesives, often known as glues, cement, mucilages, or pastes, are non-metallic agents applied to one or both surfaces of two distinct items, effectively binding them. Sealants are materials that prevent fluids and other substances from passing through surfaces and mechanical joints. Both adhesives and sealants resist separation and are employed to bond a wide array of materials, including metals, plastics, glass, and wood.

The Southeast Asia adhesives market is segmented by adhesive technology, sealant product type, end-user industry, and geography. By adhesive technology, the market is segmented into water-borne (acrylic, ethylene vinyl acetate (EVA) emulsion, polyurethane dispersion and CR (chloroprene rubber) latex, polyvinyl acetate (PVA) emulsion, and other water-borne adhesives), solvent-borne (styrene-butadiene rubber (SBR ), polyacrylate (PA), and other solvent-borne adhesives), reactive (epoxy, modified acrylic, silicone, polyurethane, anaerobic, cyanoacrylate, and other reactive adhesives), hot melt (ethylene vinyl acetate, styrenic block copolymers, thermoplastic polyurethane, and other hot melt adhesives), and other technologies. By sealant product type the market is segmented into silicone, polyurethane, acrylic, polyvinyl acetate, and other product types. By end-user industry segments, the market is segmented into building and construction, paper, board, packaging, transportation, woodworking and joinery, footwear and leather, healthcare, electrical and electronics, and other industries. The report also covers the market sizes and forecasts for the Southeast Asia adhesive and sealants market in 6 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Adhesive Technology
Water Borne
Acrylic
Ethylene Vinyl Acetate (EVA) Emulsion
Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
Polyvinyl Acetate (PVA) Emulsion
Other Water-borne Adhesives
Solvent-borne
Styrene-Butadiene Rubber (SBR)
Styrene-Butadiene Rubber (SBR)
Poly Acrylate (PA)
Other Solvent-borne Adhesives
Reactive
Epoxy
Modified Acrylic
Silicone
Polyurethane
Anaerobic
Cyanoacrylate
Other Reactive Adhesives
Hot Melt
Ethylene Vinyl Acetate
Styrenic Block Copolymers
Thermoplastic Polyurethane
Other Hot Melt Adhesives
Other Technologies
Sealant Product Type
Silicone
Polyurethane
Acrylic
Polyvinyl Acetate
Other Product Types
End-user Industry
Building and Construction
Paper, Board, and Packaging
Transportation
Woodworking and Joinery
Footwear and Leather
Healthcare
Electrical and Electronics
Other End-user Industries
Geography
Indonesia
Malaysia
Philippines
Singapore
Thailand
Vietnam
Rest of Southeast Asia
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Southeast Asia Adhesives And Sealants Market Size Summary

The Southeast Asia adhesives and sealants market is experiencing a robust growth trajectory, driven primarily by the burgeoning construction and packaging industries. The market, currently valued at a significant sum, is poised for substantial expansion over the forecast period. The construction sector, in particular, is a major consumer of adhesives and sealants, leveraging their superior properties such as high cohesive strength, flexibility, and resistance to environmental factors. This demand is further bolstered by government initiatives in countries like Vietnam and Thailand, which are witnessing large-scale housing and infrastructure projects. Despite challenges posed by stringent VOC emissions regulations, the market is expected to benefit from innovations in bio-based adhesives and the increasing adoption of adhesive bonding in composite materials.

Indonesia stands out as the largest market within the region, with its adhesives and sealants consumption driven by active construction, electronics production, and a growing packaging industry. The country's commitment to infrastructure development, including a significant housing program and advancements in the automotive sector, underscores its pivotal role in the market's expansion. Additionally, Indonesia's push towards electric vehicle adoption and the development of new power plants are anticipated to further stimulate market growth. The Southeast Asia adhesives and sealants market is characterized by its fragmented nature, with key players like 3M, Arkema Group, Sika AG, H.B. Fuller, and Henkel AG & Co. KGaA actively shaping the competitive landscape through strategic acquisitions and innovations.

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Southeast Asia Adhesives And Sealants Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Construction Sector

      2. 1.1.2 Increasing Adoption in Packaging Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Adhesive Technology

      1. 2.1.1 Water Borne

        1. 2.1.1.1 Acrylic

        2. 2.1.1.2 Ethylene Vinyl Acetate (EVA) Emulsion

        3. 2.1.1.3 Polyurethane Dispersion and CR (Chloroprene Rubber) Latex

        4. 2.1.1.4 Polyvinyl Acetate (PVA) Emulsion

        5. 2.1.1.5 Other Water-borne Adhesives

      2. 2.1.2 Solvent-borne

        1. 2.1.2.1 Styrene-Butadiene Rubber (SBR)

        2. 2.1.2.2 Styrene-Butadiene Rubber (SBR)

        3. 2.1.2.3 Poly Acrylate (PA)

        4. 2.1.2.4 Other Solvent-borne Adhesives

      3. 2.1.3 Reactive

        1. 2.1.3.1 Epoxy

        2. 2.1.3.2 Modified Acrylic

        3. 2.1.3.3 Silicone

        4. 2.1.3.4 Polyurethane

        5. 2.1.3.5 Anaerobic

        6. 2.1.3.6 Cyanoacrylate

        7. 2.1.3.7 Other Reactive Adhesives

      4. 2.1.4 Hot Melt

        1. 2.1.4.1 Ethylene Vinyl Acetate

        2. 2.1.4.2 Styrenic Block Copolymers

        3. 2.1.4.3 Thermoplastic Polyurethane

        4. 2.1.4.4 Other Hot Melt Adhesives

      5. 2.1.5 Other Technologies

    2. 2.2 Sealant Product Type

      1. 2.2.1 Silicone

      2. 2.2.2 Polyurethane

      3. 2.2.3 Acrylic

      4. 2.2.4 Polyvinyl Acetate

      5. 2.2.5 Other Product Types

    3. 2.3 End-user Industry

      1. 2.3.1 Building and Construction

      2. 2.3.2 Paper, Board, and Packaging

      3. 2.3.3 Transportation

      4. 2.3.4 Woodworking and Joinery

      5. 2.3.5 Footwear and Leather

      6. 2.3.6 Healthcare

      7. 2.3.7 Electrical and Electronics

      8. 2.3.8 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Indonesia

      2. 2.4.2 Malaysia

      3. 2.4.3 Philippines

      4. 2.4.4 Singapore

      5. 2.4.5 Thailand

      6. 2.4.6 Vietnam

      7. 2.4.7 Rest of Southeast Asia

Southeast Asia Adhesives And Sealants Market Size FAQs

The Southeast Asia Adhesives And Sealants Market size is expected to reach USD 3.57 billion in 2024 and grow at a CAGR of greater than 6.30% to reach USD 4.86 billion by 2029.

In 2024, the Southeast Asia Adhesives And Sealants Market size is expected to reach USD 3.57 billion.

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