Australia Adhesives Market to Grow with a CAGR of 5.53% through 2027
Rising
consumer awareness about the versatile applications of Adhesives and sealants
is propelling the market growth in forecast period.
According
to TechSci Research report, “Australia Adhesives and Sealants Market - Global Industry Size, Share, Trends,
Competition, Opportunity, and Forecast, 2017-2027”. The Australian adhesives market stood at USD 579.94 million
in 2021 and is expected to grow at a CAGR of 5.53% during the forecast period. Impeccable
growth in this Australia Adhesives and Sealants Market can be attributed to
various factors such as growing construction activities across Australia. In
addition, numerous practical implications of adhesives and sealants in healthcare
industry and the growing capacity utilisation for household adhesives and
sealants have led to the growth of the Australian adhesives and sealants
market.
Browse over 23
market data Figures spread through 95 Pages and an
in-depth TOC on "Australia Adhesives & Sealants Market"
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Australia Adhesives market is segmented
based on technology, by resin type, application., region, and competitive
landscape.
Based on Technology,
the market can be segmented into reactive, hot melt, solvent based, water based
& others. The water-based adhesive segment holds the largest share in 2021
due to increased capacity consumption in the 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 hold the largest share of demand, followed by acrylic
adhesives. Based on Application, the market is segmented into furniture,
packaging paper & related products, construction, automotive, footwear, DIY,
and others. furniture is the largest demand-driven industry in the Australian
adhesive market and is expected to retain its top 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, silyl modified polymer,
silane terminated polymer & other segments. Silicone based sealants have
the largest market share, 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 mostly used in
glazing applications, and they are expected to retain the largest market share
during the forecast period. Depending on the end use industry, the market is
divided into building and construction, general industrial, automotive,
flexible packaging, marine and others. The building and construction industry
is one of the largest end use industries in Australia.
Major
market players operating in the Australia
adhesives and sealants market are:
·
Bostik
Australia Pty Ltd.
·
Selleys
Australia Pty. Ltd.
·
Sika
Australia Pty Ltd.
·
Henkel
Australia Pty Ltd.
·
3M
Australia Pty Ltd.
·
DuPont
(Australia) Pty Ltd.
·
H.B.
Fuller Company Australia Pty Ltd.
·
Mapei Australia
Pty Ltd.
·
RLA Polymers Pty Ltd.
·
Akzo Nobel Pty Ltd.
·
Soudal Pty. Ltd.
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Regionally, the Australian adhesives and
sealant market is subdivided into Southern Australia & Northern Territory,
New South Wales, Western Australia, Victoria & Tasmania, and Queensland. New
South Wales is expected to gain the largest share of the country's adhesives
and sealants market by 2027 due to an increase in building and construction
activities in the region. In the second round of the Smart City project in
Australia, major construction projects in New South Wales meet the housing
demand. In addition, growth in construction activities in the region will boost
the furniture market, further influencing the development of acrylates, epoxy
and polyurethane-based adhesives and sealants. Areas such as North Sydney,
Chatswood, St. Leonards, Macquarie Park are seeing an increase in demand for
residential as well as commercial spaces. Consumer interest is growing in these
areas, which can be attributed to increased governmental and private sector capital
investments in the residential and commercial sector, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Australia Adhesives and Sealants Market Market By Technology, By Resin Type, By Application,
By Region; Australia Sealants Market By Resin Type, By Application, By End Use Industry,
By Region, Competition, Forecast & Opportunities, 2027”, 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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