Market Size of indonesia sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 78.77 Million |
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Market Size (2028) | USD 97.15 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.38 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
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
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
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
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
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
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.
Understand The Key Trends Shaping This Market
