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

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

The Indonesia Sealants Market is projected to register a CAGR of 5.95%

Key Highlights

• Largest Segment by End User Industry - Building and Construction : In Indonesia, building and construction is the dominant end-user industry owing to the wide range of sealant applications, including joint sealing, weatherproofing, window sealing, glazing, façade, and others.
• Fastest-growing Segment by End User Industry - Aerospace : The aerospace industry is likely to witness the fastest growth owing to the rapid expansion of general aviation for the domestic market.
• Largest Segment by Resin - Silicone : Due to their excellent tear and abrasion resistance and wide usage in building and construction end users, silicone sealants have dominated the market.
• Fastest-growing Segment by Resin - Polyurethane : Owing to their wide applications in building construction and automotive industries, specifically for exterior applications, the resin is expected to witness the fastest growth in the coming years.

Key Market TrendsBuilding and Construction is the largest segment by End User Industry.

• The Indonesian sealants market is largely driven by the construction industry, followed by other end-user industries due to the wide range of applications of sealants in building and construction activities such as waterproofing, weather-sealing, cracks-sealing, and joint-sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry has registered as the fourth-largest contributor to the country’s GDP in 2021. However, construction activities decreased in 2020 due to COVID-19 restrictions and the scarcity of raw materials.
• Other end-user industries are likely to obtain the second largest market share of the Indonesian sealants market owing to the diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials, and they are used for sealing sensors and cables, etc. The electronics market of Indonesia is expected to showcase a considerable growth rate which will create demand for sealants over the projected time period. Moreover, the rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, would like to propel the industry size of the Indonesian sealants market.
• Sealants have considerable applications in the healthcare and automotive industries, and Indonesia has achieved significant development in these sectors in recent times. Sealants are used in healthcare mostly for assembling and sealing medical device parts. Increasing demand for electric vehicles due to favourable government policies, along with consumer preferences for lightweight vehicles, will gradually influence the demand for sealants.

Competitive Landscape

The Indonesia Sealants Market is fragmented, with the top five companies occupying 28.76%. The major players in this market are 3M, DEXTONE INDONESIA, Henkel AG & Co. KGaA, Pioneer Adhesives, Inc. and Sika AG (sorted alphabetically).

Additional Benefits:

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

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