The market is driven by number of factors such as rising purchasing of the consumers and increasing demand from the packaging industry . However , this market faces certain drawbacks such as stringent regulations regarding VOC emissions . The factor may act as a roadblock to the growth of the market .
The Malaysia adhesives market , based on technology can be broadly segmented into water-borne adhesives , solvent-borne adhesives , reactive adhesives , hot melts adhesives , and others . These are again segmented according to the sub-segmentations of the technology . In terms of revenue , in 2016 , XX segment is expected to dominate the market with a share over 50 %.
Malaysia has been witnessing a substantial increase in investments for expansion of adhesive 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 .
Furthermore , the shifting focus towards bio-based tackifiers will offer numerous opportunities for the growth of the Malaysia adhesives and sealants market .
Some of the major companies dominating the market with their products and services are Sika , Henkel , H . B . Fuller , Jowat , and Mapei .
No . of Report Pages : 115
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