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Malaysia Adhesives and Sealants Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The market is segmented by Adhesive Technology (Water-borne, Solvent-borne, Reactive, Hot Melt, and Other Technologies), Sealant Product Type (Silicone, Polyurethane, Acrylic, Polyvinyl Acetate, and Other Sealant Product Types), End-user Industry (Building and Construction, Paper, Board, and Packaging, Transportation, Woodworking and Joinery, Footwear and Leather, Healthcare, Electrical and Electronics, and Other End-user Industries)
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2019
CAGR:
7 %
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Market Overview
The Malaysia adhesives and sealants market is estimated to witness a healthy growth, at an estimated CAGR of over 7%, over the forecast period. Increasing demand form packaging industry is expected to drive the market during the forecast period.
- Growing popularity of bio-based adhesives is likely to create opportunities for the market’s growth in the future.
- Stringent environmental regulations regarding VOC emissions is likely to hinder the market’s growth.
- By end-user industry, the paper, board, and packaging segment dominated the market.
Scope of the report
The Malaysia adhesives and sealants market report includes:
| Adhesives Technology | |||||||||
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| Other Technologies |
| Sealants by Product Type | |
| Silicone | |
| Polyurethane | |
| Acrylic | |
| Polyvinyl Acetate | |
| Other Sealant Product Types |
| 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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Key Market Trends
Increasing Usage of Acrylic Water Borne Adhesives
- Water-borne acrylic adhesives are considered as an environmentally friendly and economically feasible substitute to solvent-based adhesives. The major advantage of water-borne adhesives is the absence of volatile organic compounds.
- The properties of the acrylics include durability, color retention, quick-drying, environmentally friendly, impact-resistant, etc. Acrylics are majorly used on exterior and interior surfaces, such as on frames, doors, wall surfaces, trim, etc.
- Acrylics can be applied to areas, such as primed metals, direct to metal applications, wood, and masonry surfaces. Acrylics are also used directly to metal or as a topcoat for many colors and gloss levels.
- The application of the acrylics includes bonding wood, paper, wall panel bonding, sealing (grouts), textiles bonding, paper stamps, leather tile envelopes, labels, etc. Acrylics are used by various end-user industries, such as buildings and construction, woodworking and joinery, paper, board, packaging, etc.
- Furthermore, acrylics are majorly used by paper, board, and packaging industries. Packaging industry dominates the demand for acrylic adhesives with numerous applications in products, such as tapes, labels, cases, and cartons.
- Factors, such as e-commerce, online food deliveries, and innovation and development in the packaging industry has been driving the growth of the packaging industry in the country.
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Rising Demand from Building and Construction Industry
- Adhesives and sealants have been extensively used in the building and construction industry owing to their characteristics and physical properties. These properties include good adhesion and elasticity, cohesion, high cohesive strength, flexibility, the high elastic modulus of the substrate, resistance from thermal expansion, and environmental resistance from UV light, corrosion, saltwater, rain, and other weathering conditions.
- They have a myriad of applications. They are used in heating, ventilation, air conditioning (HVAC), concrete, joint cement, manufactured housing, resilient flooring, roofing, wall covering, pre-finish panels, drywall lamination, joints in exterior walls, spandrels, repair of larger cracks, the perimeter of doors and fixed window frames, etc.
- The Malaysian Prime Minister, Mahathir Mohamad has scrapped two megaprojects funded by China. These projects were awarded to China by the previous government and were valued around USD 22.3 billion combined.
- Even though some major projects were withdrawn, the construction industry in Malaysia is stable due to the focus of the government on improving rural areas.
- All the aforementioned factors, in turn, are expected to boost the demand for adhesives and sealants in the country during the forecast period.
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Competitive Landscape
The Malaysia adhesives and sealants market is a consolidated market with many healthy competitions in the market. The major companies include 3M, Henkel AG & Co. KGaA, Sika AG, Arkema Group, and H.B. Fuller Company, among others.
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Table Of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Demand from Packaging Industry
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
4.2.2 Impact of COVID-19 Pandemic
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. MARKET SEGMENTATION
5.1 Adhesives Technology
5.1.1 Water-borne
5.1.1.1 Acrylic
5.1.1.2 Polyvinyl Acetate (PVA) Emulsion
5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion
5.1.1.4 Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
5.1.1.5 Other Water-borne Adhesives
5.1.2 Solvent-borne
5.1.2.1 Chloroprene Rubber
5.1.2.2 Poly Acrylate (PA)
5.1.2.3 Styrenic Block Copolymers
5.1.2.4 Other Solvent-borne Adhesives
5.1.3 Reactive
5.1.3.1 Polyurethane
5.1.3.2 Epoxy
5.1.3.3 Cyanoacrylate
5.1.3.4 Modified Acrylic
5.1.3.5 Anaerobic
5.1.3.6 Silicone
5.1.3.7 Other Reactive Adhesives
5.1.4 Hot Melt
5.1.4.1 Ethyl Vinyl Acetate
5.1.4.2 Styrenic Block Copolymers
5.1.4.3 Thermoplastic Polyurethane
5.1.4.4 Other Hot Melt Adhesives
5.1.5 Other Technologies
5.2 Sealants by Product Type
5.2.1 Silicone
5.2.2 Polyurethane
5.2.3 Acrylic
5.2.4 Polyvinyl Acetate
5.2.5 Other Sealant Product Types
5.3 End-user Industry
5.3.1 Buildings and Construction
5.3.2 Paper, Board, and Packaging
5.3.3 Transportation
5.3.4 Woodworking and Joinery
5.3.5 Footwear and Leather
5.3.6 Healthcare
5.3.7 Electrical and Electronics
5.3.8 Other End-user Industries
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 3M
6.4.2 Anabond
6.4.3 Arkema Group
6.4.4 AVERY DENNISON CORPORATION
6.4.5 Dow
6.4.6 DuPont
6.4.7 H.B. Fuller Company
6.4.8 Henkel AG & Co. KGaA
6.4.9 Huntsman International LLC
6.4.10 Jowat SE
6.4.11 LORD Corporation
6.4.12 MAPEI S.p.A.
6.4.13 Sika AG
6.4.14 Wacker Chemie AG
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
** Subject to Availability
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