Australia Adhesives & Sealants Market to Grow with a CAGR of 3.54% through 2029

Surge in research and development activities is expected to drive the Australia Adhesives & Sealants Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Australia Adhesives & Sealants Market– By Region, Competition, Forecast and Opportunities, 2019-2029F”, the Australia Adhesives & Sealants Market stood at USD 1.67 billion in 2023 and is anticipated to grow with a CAGR of 3.54% in the forecast period, 2024-2029. The governmental initiatives concerning adhesives & sealants have created favorable market conditions for the Australia Adhesives & Sealants Market. Several factors contribute to the growth of various products within this market segment. Australia has recognized the pressing need to reduce greenhouse gas emissions and has committed to implementing reforms aimed at cutting emissions by a significant 205 million metric tons by 2030. This proactive sustainability approach profoundly impacts various industries, including adhesives and sealants.

One notable outcome of this initiative is the encouragement and promotion of eco-friendly alternatives. As the nation embraces a greener future, there is a strong emphasis on developing and implementing alternative adhesive systems that can effectively replace formaldehyde-based ones. The National Waste Policy Action Plan complements these efforts by implementing measures to address waste management. For instance, the plan includes a ban on the export of waste plastic, paper, glass, and tires. This ban not only addresses environmental concerns associated with waste but also directly impacts the adhesives and sealants industry. It encourages the industry to explore and adopt sustainable and recyclable materials, such as bio-adhesives, aligning with the nation's commitment to environmental stewardship.

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Ongoing research is being conducted to explore innovative applications of adhesives and sealants across multiple industries. For instance, Australian researchers are investigating their potential use in advanced manufacturing methods like additive manufacturing and 3D printing. There is a focus on developing smart adhesives and sealants equipped with features such as self-healing or sensing abilities, which present promising opportunities for diverse applications.

The Australia Adhesives & Sealants Market is segmented in resin type, application, regional distribution, and company.

Based on its resin type, the acrylic adhesives segment held the largest share in the market. Acrylic adhesives are recognized for their straightforward application and management. They can be utilized through diverse techniques such as spraying, brushing, rolling, or dispensing, tailored to meet particular application needs and manufacturing procedures. This adaptability in application approaches streamlines production processes, enabling efficient and economical bonding solutions.

Based on region, Australia Capital Territory & New South Wales segment is expected to grow during the forecast period.

Manufacturers in the Australian Capital Territory (ACT) and New South Wales (NSW) are directing significant resources into research and development, aiming to produce pioneering and top-quality adhesives and sealants. Their focused efforts have yielded impressive outcomes, such as products featuring superior bonding properties, increased resilience, and minimized environmental footprint. These state-of-the-art advancements not only satisfy market needs but also foster considerable expansion within these areas. With a determined dedication to advancing adhesive and sealant technology, manufacturers in ACT and NSW are positioned to spearhead the industry towards even more remarkable progress in the future.

Major companies operating in Australia Adhesives & Sealants Market are:

• Bostik Australia Pty. Ltd.
• DuluxGroup (Australia) Pty Limited
• Sika Australia Pty Ltd
• Henkel Australia Pty. Ltd.
• AkzoNobel Pty Ltd

 

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“The utilization of acrylic adhesives is witnessing a notable surge within the realm of medical device manufacturing, diagnostic equipment fabrication, and healthcare product development. These adhesives present a host of advantageous characteristics, including biocompatibility, sterilizability, and skin-friendliness, rendering them exceptionally well-suited for a diverse array of applications in the healthcare sector. From the creation of advanced wound dressings to the formulation of medical tapes and the crafting of intricate surgical devices, acrylic adhesives are proving to be invaluable assets in ensuring the safety, efficacy, and comfort of various medical interventions and patient care practices.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Australia Adhesives & Sealants Market By Resin Type (Polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives, Rubber Based Adhesives, Epoxy Adhesives, Others), By Application (Furniture, Construction, Packaging, Transportation, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Australia Adhesives & Sealants Market 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 & Sealants Market.

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