Malaysia Adhesives market - Segmented by Type and Application - Trends and Forecasts (2015-2020)
The Malaysia Adhesive Market has been estimated at USD 193.24 million in 2015 and is projected to reach USD 259.8 million by 2020, at a CAGR of 6.1% during the forecast period from 2015 to 2020. Key end user markets for adhesives and sealants vary from the construction, packaging, labelling, woodworking, transportation, footwear, and automotive, industry. The exponential growth in end user industries has led to the growth of adhesives and sealants consumption. The adhesives and sealants industry includes two chemically similar but functionally different groups of formulated products. Adhesive products are used to create a bond between two different or similar materials while sealants are used to create an impenetrable barrier to gas or moisture. Adhesives and sealants are made from precise blends of resins, synthetic rubber elastomers; and agents or additives used to enhance certain characteristics, depending on the end use. Industries that typically use adhesives and sealants include automotive, construction, consumer products, assembly, packaging and labelling. Earlier it was necessary to reinforce adhesives joints by other joining methods, today high-performance adhesives can undertake this structural task by themselves. Moreover, in applications that require a special degree of integrity of the construction, such as in aircraft construction, adhesives reached a level that allows a more widespread use. Bonded joints are smooth, reliable and permanent in holding together the most diverse materials.
The report has been segmented based on type and by application. By type it includes Hot Melt, Reactive Hot Melt, Solvent Based, Pressure Sensitive, Epoxy and other Polyurethane adhesives. It is identified that the Polyurethane Adhesives market has fastest and major reason for growth of the market is high production overall throughout every region. By application the market is segmentation includes Building & Construction, Paper board & Packaging, Woodworking & Joinery, Transportation, Footwear and Leather, Assembly operations and others. The building & construction segment has the largest market share of 23.3%.
Malaysia is a substantial increase in investments for expansion of adhesive & sealants facilities by the major global manufacturers, because of continuously increasing demand for adhesives in the country. The proximity of raw materials, manufacturing site and customers is a crucial advantage for the success of a global strategy. In order to provide the optimum service for the market-specific customer requirements, efficient regional supply structures as well as local product developments are an absolute must.
The dominating international players in adhesives market in Malaysia are Sika, Henkel, Jowat, H.B. Fuller, Wisdom and Adtekin. Revertex Finewaters Sdn. Bhd., which is a subsidiary of H.B.Fuller Company, has emerged as the leading adhesive manufacturer in Malaysia. The adhesives manufacturer Bostik, a subsidiary of the French oil and gas company Total SA, has a powder plant in Malaysia which serves the local and Singapore construction markets.
The main local adhesives manufacturers include: Chemibond Enterprise Sdn. Bhd., Malayan Adhesives & Chemicals Sdn. Bhd. Rovski Sdn. Bhd., Mohm Chemical Sdn. Bhd., Vital Technical Sdn. Bhd., Affluent Cycle Industries Sdn. Bhd. and Mapei Malaysia Sdn. Bhd among others.
Key Deliverables in the Study
Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the Malaysia Adhesive market A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market
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