【海旗环球快讯】Malaysia Adhesives Market Forecast 2016-2021

According to a new market report from Mordor Intelligence, the Malaysia adhesives market was valued at $193.61 million in terms of revenue and 65.62 kilo tons in terms of volume in 2016. This market is expected to reach $259.92 million and 79.70 kilo tons by 2021, witnessing a CAGR of 6.07% and 3.96% respectively, from 2016 to 2021.

Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are usually available in the liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are mainly selected for their bonding and holding power and have high tensile and shear strength. Adhesives are of two varieties, i.e. structural adhesives whose strength is vital for the success of the assembly and non-structural adhesives that generally have low strength and are used to bond weak substrates and for temporary fastening. Due to the ability to bind different materials together by distributing stress more efficiently across the joint, adhesives are becoming an integral part of a variety of commercial and industrial sectors, such as building and construction, paper, board & packaging, transportation, woodworking and joinery, footwear & leather, healthcare, electrical & electronics, and others.

The Malaysia adhesives market is propelled by several factors such as growing purchasing of consumers and rising demand from the packaging industry. However, this market faces certain drawbacks such as stringent regulations on VOC emissions. The factor may act as a roadblock to the growth of the market.In terms of technology, the Malaysia adhesives market can be broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others. They can be sub-segmented on the basis of the sub-segmentations of the technology.

Malaysia has seen a substantial rise in investments for expansion of adhesive facilities by the major global producers, owing to continuously rising demand for adhesives in the country. The proximity of raw materials, manufacturing site and customers is acrucial advantage for the success of a global strategy. 

To provide the optimum service for the market-specific customer requirements, efficient regional supply structures and local product developments are an absolute must. Moreover, the shifting focus towards bio-based tackifiers will offer a number of opportunities for the growth of the Malaysia adhesives and sealants market.

Some of the major players in the Malaysia adhesives market include Sika, Henkel, H.B. Fuller, Jowat, and Mapei.