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Indonesia Adhesives Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

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    Report

  • 205 Pages
  • January 2023
  • Region: Indonesia
  • Mordor Intelligence
  • ID: 5717124
The Indonesia Adhesives Market is projected to register a CAGR of 6.73%

Key Highlights

  • Largest Segment by End User Industry - Packaging: The packaging industry holds the largest share of the market owing to its widespread applications, including labels, tapes, carton sealing and joining, and labeling.
  • Fastest-growing Segment by End User Industry - Aerospace: The aerospace industry is likely to register the fastest growth in the market owing to the rapid expansion of general aviation and civil aviation for the domestic market.
  • Largest Segment by Technology - Hot Melt: In Indonesia, hot melt adhesives gain the major market share owing to their easy applicability, non-toxic, and fast curing process across industries.
  • Largest Segment by Resin - Polyurethane: Polyurethane adhesives hold the largest share owing to their wide applications in building construction, woodworking, and automotive industries, specifically for exterior applications.

Key Market Trends

Packaging is the largest segment by End User Industry.

  • The consumption of adhesives in Indonesia has shown a downward trend in 2020 due to the impact of COVID-19. The consumption was reduced by about 13% in terms of volume in the same year compared to 2019. The lockdown in the country has largely become the major reason for the shortage of adhesives in the country. Moreover, due to the shutdown of production facilities and supply chain disruption, the demand for these adhesives is largely being impacted.
  • The Indonesian packaging industry plays an important role in all industries and businesses. Therefore, the development of the packaging industry cannot be separated from the development of the national industry. In fact, packaging has become one of the determining factors for the competitiveness of national industrial products. In recent years, the packaging sector has grown by 6%-7% year-on-year, with a realized value of IDR 104,728 billion in 2021. In reality, as the COVID-19 epidemic began to spread, the packing business did not suffer considerably. The packaging industry is expected to increase at a 6%-8% annual rate, in conjunction with the growth of the major supporting sectors, such as food and beverage (Mamin), pharmaceutical, and retail.
  • On the other side, the industry is now investing in massive infrastructure projects to accelerate the country's growth. For example, Indonesia is planning to invest over USD 40 billion to expand Jakarta's metro network, which is expected to strengthen the country's construction industry. Indonesia is also planning ambitious construction projects worth more than USD 400 billion in the future years, including the construction of 25 airports and new power plants. All of these variables influence the demand for adhesives.


Competitive Landscape

The Indonesia Adhesives Market is fragmented, with the top five companies occupying 19.11%. The major players in this market are 3M, DEXTONE INDONESIA, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG (sorted alphabetically).

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1 EXECUTIVE SUMMARY & KEY FINDINGS

2 REPORT OFFERS

3 INTRODUCTION
3.1 Study Assumptions & Market Definition
3.2 Scope of the Study​
3.3 Research Methodology

4 KEY INDUSTRY TRENDS
4.1 End User Trends
4.2 Regulatory Framework
4.3 Value Chain & Distribution Channel Analysis

5 MARKET SEGMENTATION
5.1 End User Industry
5.1.1 Aerospace
5.1.2 Automotive
5.1.3 Building And Construction
5.1.4 Footwear And Leather
5.1.5 Healthcare
5.1.6 Packaging
5.1.7 Woodworking And Joinery
5.1.8 Other End-user Industries
5.2 Technology
5.2.1 Hot Melt
5.2.2 Reactive
5.2.3 Solvent-borne
5.2.4 UV Cured Adhesives
5.2.5 Water-borne
5.3 Resin
5.3.1 Acrylic
5.3.2 Cyanoacrylate
5.3.3 Epoxy
5.3.4 Polyurethane
5.3.5 Silicone
5.3.6 VAE/EVA
5.3.7 Other Resins

6 COMPETITIVE LANDSCAPE
6.1 Key Strategic Moves
6.2 Market Share Analysis
6.3 Company Landscape
6.4 Company Profiles
6.4.1 3M
6.4.2 ALTECO co., ltd.
6.4.3 DEXTONE INDONESIA
6.4.4 H.B. Fuller Company
6.4.5 Henkel AG & Co. KGaA
6.4.6 Huntsman International LLC
6.4.7 MAPEI S.p.A.
6.4.8 Pidilite Industries Ltd.
6.4.9 PT. Pamolite Adhesive Industry
6.4.10 Sika AG

7 KEY STRATEGIC QUESTIONS FOR ADHESIVES AND SEALANTS CEOS

8 APPENDIX
8.1 Global Adhesives and Sealants Industry Overview
8.1.1 Overview
8.1.2 Porter’s Five Forces Framework
8.1.3 Global Value Chain Analysis
8.1.4 Drivers, Restraints, and Opportunities
8.2 Sources & References
8.3 List of Tables & Figures
8.4 Primary Insights
8.5 Data Pack
8.6 Glossary of Terms

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M
  • ALTECO co., ltd.
  • DEXTONE INDONESIA
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman International LLC
  • MAPEI S.p.A.
  • Pidilite Industries Ltd.
  • PT. Pamolite Adhesive Industry
  • Sika AG

Methodology

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