Market Forecast By Formulation Technology (Water-based, Solvent-based, Hot melt, Reactive & Others), By Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear, Assembly, Others), By Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl, Others) And Competitive Landscape
Product Code: ETC018595 | Publication Date: Oct 2020 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Adhesives And Sealants market currently, in 2023, has witnessed an HHI of 1216, Which has decreased slightly as compared to the HHI of 1324 in 2017. The market is moving towards highly competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Australia Adhesives And Sealants Market |
Forecast period | 2025-2031 |
CAGR | 4.7% |
Growing Sector | Constructionย |
Australia Adhesives and sealants Market report thoroughly covers the market by formulation technology, application and Resin type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Adhesives and sealants Market expected to grow significantly in the coming years. This growth can be attributed to various factors such as expanding construction industry, increasing demand from automotive and aerospace sectors, and growing use of bio-based adhesives. Additionally, technological advancements and rising awareness towards environmental sustainability are also driving the growth of this market.
According to 6Wresearch, the Australia Adhesives and sealants Market size is projected to grow at the CAGR of 4.7% during the forecast period of 2025-2031. The growth of the Australian adhesives and sealants market is primarily driven by the expanding construction industry, increasing demand from automotive and aerospace sectors, and growing use of bio-based adhesives. The government's focus on infrastructure development projects, such as road construction, public transportation systems, and affordable housing, is also fueling the demand for adhesives and sealants in the country. Moreover, the rise in disposable income and changing lifestyle patterns are leading to a higher demand for consumer goods, which use adhesives and sealants in their production process. However, the market growth is hindered by certain challenges, such as volatile raw material prices and strict environmental regulations regarding the use of adhesives and sealants. Additionally, the presence of alternative joining methods, such as mechanical fasteners and welding, poses a threat to the demand for adhesives and sealants in some industries. Furthermore, the high costs associated with research and development activities for new adhesive formulations also act as a restraint on Australia Adhesives and sealants Market Growth.
The government of Australia has introduced various policies and schemes that positively impact the adhesives and sealants market. Environmental regulations, such as the National Clean Air Agreement and the Industrial Chemicals Act 2019, influence manufacturers to develop more eco-friendly and less volatile adhesive products. Moreover, initiatives such as the Advanced Manufacturing Growth Centre (AMGC) aim to drive innovation, productivity, and competitiveness in the sector, potentially leading to the creation of more advanced adhesive materials.
Key players in the Australia adhesives and sealants Industry are pivotal to the industry's growth. Companies such as Henkel Australia Pty Ltd, Selleys Pty Ltd, and Bostik Australia Pty Ltd have a significant presence, contributing to the market through product innovation and strategic partnerships. These industry leaders are investing in research and development to create sustainable products that comply with governmental guidelines and meet the robust demands from various end-user industries. Their efforts are not only enhancing the performance attributes of adhesive products but are also setting benchmarks for environmental responsibility within the sector.
The Adhesives and sealants market in Australia is poised to undergo significant transformations. The push towards sustainability will likely escalate, with an increased emphasis on the production and utilization of adhesives derived from renewable resources and reduced volatile organic compound (VOC) emissions. Furthermore, the integration of digital technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) is expected to revolutionize the industry, leading to smarter, adaptive adhesives capable of self-healing and signaling when repairs are necessary. This innovation could extend the lifespan of various products, ultimately reducing waste and promoting circular economic models. The medical industry, in particular, could see a surge in the demand for biocompatible adhesives for surgical applications, drug delivery systems, and tissue engineering, potentially opening new avenues for market expansion in Australia.
Water-based adhesives and sealants are expected to dominate the market due to their eco-friendly nature and low VOC emissions. As the demand for environmentally friendly products increases, the market for water-based adhesives and sealants is projected to grow significantly.
The packaging industry is expected to hold a significant share in the market due to the increasing demand for packaged goods in various sectors such as food & beverages, pharmaceuticals, and consumer goods. Adhesives and sealants are widely used for sealing, labeling, and packaging applications in these industries.
According to Dhaval, Research Manager, 6Wresearch, on the basis of resin type, silicone is expected to dominate the market in Australia. This can be attributed to its superior properties such as high temperature resistance, flexibility, and strong adhesive strength. Silicone-based adhesives and sealants find wide application in industries such as construction, automotive, electronics, aerospace, and healthcare.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Adhesives and sealants Market Overview |
3.1 Australia Country Macro Economic Indicators |
3.2 Australia Adhesives and sealants Market Revenues & Volume, 2021 & 2031F |
3.3 Australia Adhesives and sealants Market - Industry Life Cycle |
3.4 Australia Adhesives and sealants Market - Porter's Five Forces |
3.5 Australia Adhesives and sealants Market Revenues & Volume Share, By Formulation Technology, 2021 & 2031F |
3.6 Australia Adhesives and sealants Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Australia Adhesives and sealants Market Revenues & Volume Share, By Resin Type, 2021 & 2031F |
4 Australia Adhesives and sealants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Adhesives and sealants Market Trends |
6 Australia Adhesives and sealants Market, By Types |
6.1 Australia Adhesives and sealants Market, By Formulation Technology |
6.1.1 Overview and Analysis |
6.1.2 Australia Adhesives and sealants Market Revenues & Volume, By Formulation Technology, 2021 - 2031F |
6.1.3 Australia Adhesives and sealants Market Revenues & Volume, By Water-based, 2021 - 2031F |
6.1.4 Australia Adhesives and sealants Market Revenues & Volume, By Solvent-based, 2021 - 2031F |
6.1.5 Australia Adhesives and sealants Market Revenues & Volume, By Hot melt, 2021 - 2031F |
6.1.6 Australia Adhesives and sealants Market Revenues & Volume, By Reactive & Others, 2021 - 2031F |
6.2 Australia Adhesives and sealants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Australia Adhesives and sealants Market Revenues & Volume, By Paper & Packaging, 2021 - 2031F |
6.2.3 Australia Adhesives and sealants Market Revenues & Volume, By Building & Construction, 2021 - 2031F |
6.2.4 Australia Adhesives and sealants Market Revenues & Volume, By Woodworking, 2021 - 2031F |
6.2.5 Australia Adhesives and sealants Market Revenues & Volume, By Consumer/DIY, 2021 - 2031F |
6.2.6 Australia Adhesives and sealants Market Revenues & Volume, By Automotive & Transportation, 2021 - 2031F |
6.2.7 Australia Adhesives and sealants Market Revenues & Volume, By Leather & Footwear, 2021 - 2031F |
6.2.8 Australia Adhesives and sealants Market Revenues & Volume, By Others, 2021 - 2031F |
6.2.9 Australia Adhesives and sealants Market Revenues & Volume, By Others, 2021 - 2031F |
6.3 Australia Adhesives and sealants Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Australia Adhesives and sealants Market Revenues & Volume, By Silicone, 2021 - 2031F |
6.3.3 Australia Adhesives and sealants Market Revenues & Volume, By Polyurethane, 2021 - 2031F |
6.3.4 Australia Adhesives and sealants Market Revenues & Volume, By Plastisol, 2021 - 2031F |
6.3.5 Australia Adhesives and sealants Market Revenues & Volume, By Emulsion, 2021 - 2031F |
6.3.6 Australia Adhesives and sealants Market Revenues & Volume, By Polysulfide, 2021 - 2031F |
6.3.7 Australia Adhesives and sealants Market Revenues & Volume, By Butyl, 2021 - 2031F |
7 Australia Adhesives and sealants Market Import-Export Trade Statistics |
7.1 Australia Adhesives and sealants Market Export to Major Countries |
7.2 Australia Adhesives and sealants Market Imports from Major Countries |
8 Australia Adhesives and sealants Market Key Performance Indicators |
9 Australia Adhesives and sealants Market - Opportunity Assessment |
9.1 Australia Adhesives and sealants Market Opportunity Assessment, By Formulation Technology, 2021 & 2031F |
9.2 Australia Adhesives and sealants Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Australia Adhesives and sealants Market Opportunity Assessment, By Resin Type, 2021 & 2031F |
10 Australia Adhesives and sealants Market - Competitive Landscape |
10.1 Australia Adhesives and sealants Market Revenue Share, By Companies, 2024 |
10.2 Australia Adhesives and sealants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |