Market Size of Malaysia Adhesives and Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 6.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Malaysia Adhesives & Sealants Market Analysis
The Malaysia Adhesives market is expected to reach a value of USD 590 million by the end of this year. It is projected to register a CAGR of more than 6% during the forecast period. COVID-19 negatively impacted the market in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is forecasted to grow steadily.
- The expanding packaging industry in the region will likely drive the market significantly in the coming years.
- However, the strict regulations on the usage of VOC-free content are expected to hinder the market's growth.
- The development of bio-based and hybrid Adhesives is expected to be an opportunity in the future.
