Market Size of Indonesia Adhesives and Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.66 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Indonesia Adhesives & Sealants Market Analysis
The Indonesia Adhesives and Sealants Market valued at around USD 696 million by the end of this year, and the market is projected to register a CAGR of 6.66% during the forecast period. The COVID pandemic has disrupted the supply chain network of raw materials, negatively affecting the adhesives and sealants market. Post-pandemic, the rising demand for construction and packaging industries is excepted to revive the market for adhesives and sealants.
- The demand for adhesives and sealants is extensively driven by the growing demand from the construction industry in the country.
- The over-reliance on the import of raw materials is likely to hinder the market's growth.
- In the studied market, the packaging end-user segment is expected to dominate. However, the aerospace end-user segment is expected to be the fastest-growing segment in the country during the forecast period.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials are likely to offer opportunities for the adhesives and sealants market in the country.
