Australia Adhesives and Sealants to Cross $ 840 Million by 2025

According to TechSci Research report, “Australia Adhesives Market By Technology, By Resin Type, By End Use Industry, By Region; Australia Sealants Market By Resin Type, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2025”, Australia adhesives and sealants market is projected to surpass $ 840 million by 2025. Growth in the market is anticipated on account of increasing adhesive demand from furniture, packaging & paper industries and increasing demand for sealants from the country’s building & construction industry. Leading players operating in Australia adhesives and sealants market include Bostik Australia Pty Ltd, Sika Australia Pty Ltd, Henkel Australia Pty Ltd, 3M Australia Pty Ltd, DuPont (Australia) Pty Ltd, Hernon Manufacturing Inc., H.B. Fuller Company Australia Pty Ltd., Dulux Group Limited, among others.

Browse over 22  market data Figures spread through 80  Pages and an in-depth TOC on "Australia Adhesives Market"

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Australia Adhesives market is segmented based on Technology, By Resin Type, By End Use Industry.  Based on Technology, the market can be segmented into Reactive, Hot Melt, Solvent Based, Water Based & Others. Solvent Based adhesives segment held the largest share in 2019 on account of increase in demand from furniture industry. Based on resin type, the market can be segmented into Polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives, Rubber Based Adhesives, Epoxy Adhesives & Others. Polyurethane Adhesives account for the largest chunk of demand, followed by Acrylic Adhesives. Based on end use industry, the market is segmented into Furniture, Packaging Paper & related Products, Construction, Transportation, Footwear, DIY and Others. Furniture is the largest demand generating industry in Australia adhesives market and is expected to hold its dominant position during the forecast period.

Australia Sealants market is segmented based on Resin Type, By Application and By End Use Industry.  Based on Resin type, the market is categorized into Silicone, Polyurethane, Polysulfide & Others segments. Silicone based sealants hold the largest share in the market, followed by Polyurethane sealants. Based on Application, the market can be segmented into Glazing, Flooring and Join Application, Sanitary and Kitchen Application & Others. Sealants are majorly used in Glazing application and they are expected to continue holding the largest market share during the forecast period. Based on end use industry, the market is segmented into Building & Construction, General Industrial Automotive, Flexible Packaging, Marine and Others. Building & Construction is the largest demand generating industry in Australia.

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Regionally, Australia adhesives and sealants market has been segmented into regions including Northern Territory & Southern Australia, New South Wales, Western Australia, Victoria & Tasmania, and Queensland. New South Wales, followed by Victoria & Tasmania, are expected to grab the largest share in the country’s adhesives and sealants market through 2025. “New South Wales is expected to dominate the adhesives and sealants market during the forecast period, owing to increase in building & construction activities in the region. Further in round two of Smart city projects in Australia, New South Wales has major construction projects to meet the residential demand. Further, the growth in construction activities in the region will propel the furniture market, which will further influence the growth of acrylates, epoxy and polyurethane based adhesives and sealants. Demand for residential as well as commercial spaces is witnessing a rise in areas like North Sydney, Chatswood, St Leonards, Macquarie Park, among others.  The buyer interest in these territories is also increasing with rising investments from public as well as private sectors in residential and commercial segments.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Australia Adhesives Market By Technology, By Resin Type, By End Use Industry, By Region; Australia Sealants Market By Resin Type, By Application, By End Use Industry, By Region, Competition, Forecast & Opportunities, 2025”, has evaluated the future growth potential of adhesives & sealants and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Australia adhesives and sealants market.

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