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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