DUBLIN--(BUSINESS WIRE)--The "Southeast-Asia Adhesives and Sealants Market - Segmented by Technology, Product Type, End-User Industry and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The Southeast Asia Adhesives and Sealants market are expected to grow at steady pace during the forecast period, 2018 to 2023.
The production of automotive in Thailand and Indonesia has shown a growth by 2.28% and 3.30 % respectively in 2017. Adhesives and Sealants have become a prime technology component of automotive applications, as they are continuously replacing traditional bonding or adhesion methods. Moreover, the recent advancements in adhesive technologies in the region are aiding automobile manufacturers in the production of lightweight and fuel-efficient vehicle. The focus on minimizing carbon emission and enhancing fuel economy, by reducing the vehicle's weight, has provided an impetus to adhesives, as a bonding material for the manufacturing of automobiles.
Adhesives and sealants, owing to their characteristics and physical properties have extensive use in the building and construction industry. They have a myriad of applications; they are used in heating, ventilation, air conditioning, concrete, joint cements etc. With growing urbanization and infrastructure development across the region, supporting the continuous increase of consumers, it will likely thrive higher construction demand.
The growth potential in the Indonesian market is huge and government economic reforms have supplemented the growth environment. The construction sector in Indonesia has a huge demand for more spending on infrastructure and population growth has boosted lifestyle trends and new housing and construction activity in the country. The automotive industry is recovering, which is increasing the demand for adhesives & sealants in the country. The electronics industry too has an increasing demand year on year basis due to increasing middle-class income and upper-class preference for new trends that have significantly increased the market for adhesives & sealants in the country.
- Arkema Co. Ltd
- H.B. Fuller
- Jowat Corporation
- LORD Corporation
- Mapei Construction Products India Pvt Ltd
- Nan Pao Group
- Permabond LLC
- Pidilite Industries Limited
- PT. ArindcoPacific Chemicals -Indonesia
- Republic Chemical Insustries
- Sika AG
- Thai Mitsui Specialty Chemicals Co.
- Wacker Chemie AG.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/jrt34r/southeastasia?w=4