Indonesia Adhesives Market
Indonesia Adhesives Market
The market was valued at USD 585.75 million in 2017, and is estimated to register a CAGR of 6.23% during the forecast period 2018-2023.
The automotive industry is one of the major end-user industries to boost the adhesive demand. The automotive production is expected to grow owing to low labor costs and a rapidly-growing middle class population. Many global car makers, such as Toyota and Nissan, among others have decided to invest in expanding their production capacity in the country, and are thinking of making the country, their future production hub.
The Indonesia adhesives market is import based, with most of their adhesives being imported ones. The companies with manufacturing units in the country, manufacture application specific adhesives and serve the whole south Asian market. Most of the adhesives manufactured in the country are exported as well.
The market has been segmented based on technology, end-user industry, type and geography. Under the market segment based on technology, the water-borne adhesives segment is expected to have the largest market in 2017. With a CAGR of almost 7%, the reactive adhesives is the fastest growing segment of the market. Water-borne adhesives was estimated to be the second largest segment in 2017.
The Indonesia adhesives market, by end-user industry, 2017, is shown below:
They are of two types of adhesives - non-structural adhesives (generally have low-strength and are used to bond weak substrates and for temporary fastening) and structural adhesives (whose strength is vital to the success of the assembly). Also, the Indonesia adhesives market has been segmented into hot melt adhesives, reactive hot melt adhesives, solvent-based adhesives, pressure-sensitive adhesives, epoxy adhesives and polyurethane adhesives.
Opportunities and Major Players
The expanding construction industry and the increasing demand for adhesives in the automotive industry are expected to offer numerous opportunities for the growth of the Indonesia adhesives market. Some of the major companies in this market are:
Henkel – Indonesia (P.T. Henkel Indonesia)
Sika – Indonesia
P.T. 3M Indonesia
P.T. H.B. Fuller
Key Deliverables in the Study
Market analysis for the Indonesia adhesives market, with region-specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the Indonesia adhesives 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.