Saudi Arabia Floor Adhesive Market to Grow with a CAGR of 4.15% through 2029
Growth in research and development activities is expected
to drive the Saudi Arabia Floor Adhesive Market growth in the forecast period, 2025-2029
According to TechSci Research report, “Saudi Arabia
Floor Adhesive Market – By Region, Competition, Forecast and Opportunities,
2019-2029F”, the Saudi Arabia Floor Adhesive Market stood at USD 192.44
million in 2023 and is anticipated to grow with a CAGR of 4.15% through 2029. The initiatives taken by government based on floor adhesive has
led to favorable market conditions for the Saudi Arabia Floor Adhesive Market.
Several factors contribute to the growth of various floor adhesive market products.
One of the key initiatives that is
significantly boosting the floor adhesive market is the government's
comprehensive plan to develop the housing industry. With a strong focus on providing
affordable housing solutions to the population, this strategic approach has
sparked a remarkable increase in construction activities across various
regions. As a result, there has been a surge in the demand for high-quality
floor adhesives that are crucial in the construction of low-cost houses,
ensuring durability and longevity.
Moreover, the Saudi Arabian government, in line with
global sustainability trends, is actively promoting the construction of
energy-efficient buildings. This forward-thinking initiative not only aims to
reduce energy consumption but also emphasizes the importance of environmental
conservation. As a result, there has been a significant rise in the demand for
adhesives and sealants that contribute to enhancing energy efficiency in
building structures. These advanced adhesives not only provide excellent bonding
properties but also play a vital role in reducing energy wastage and improving
the overall sustainability of construction projects.
Manufacturers are constantly allocating resources to research and development (R&D) in order to create adhesives that not only provide superior bonding strength and durability but also exhibit exceptional resistance to environmental factors such as heat, moisture, and chemicals. These adhesive properties make them the ideal choice for a wide range of flooring applications, including high-traffic areas and environments with challenging conditions. As a result, the demand for these advanced adhesives continues to surge in the market, as more industries and sectors recognize their significant benefits and long-term value.
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The Saudi Arabia Floor Adhesive Market is segmented in
resin type, application, regional distribution, and company.
Based on the category of resin type, the acrylic adhesive segment emerged as the fastest-growing segment in the Saudi Arabian market for Floor adhesives in 2023. The substantial growth of this segment can be attributed to the remarkable properties of acrylic resins. These resins offer quick setting times and enhanced adherence to surfaces that are typically challenging to bond. Additionally, they exhibit good resistance to various environmental conditions. Notably, acrylic resins have been widely utilized in the development of UV light-curing adhesives, as well as waterborne and heat-resistant adhesives. These advancements in adhesive technology have further propelled the utilization of acrylic resins in various industries.
Major companies operating in Saudi Arabia Floor
Adhesive Market are:
- Arkema Middle East DMCC
- Mapei Saudia LLC
- LATICRETE MIDDLE EAST LLC (BAYT ALEBAA)
- Forbo Flooring Middle East
- Wacker Chemicals Middle East
- Dow Materials Science Saudi Arabia Limited
- AkzoNobel Saudi Arabia Ltd
- H.B. Fuller Company
- Henkel Jebel Ali FZCO
- The Gulf Industrial Group Ltd.
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“Growing application of floor adhesive in various end
user industries are key drivers of the floor adhesive market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of floor adhesive with every
passing year are anticipated to register an impressive growth to Saudi Arabia
Floor Adhesive Market in the forecast period.,” said Mr. Karan Chechi, Research
Director of TechSci Research, a research-based management consulting firm.
“Saudi Arabia Floor Adhesive Market By Resin Type (Polyurethane
Adhesive, Epoxy Adhesive, Vinyl Adhesive, Acrylic Adhesive, Others), By Application
(Wood, Carpet, Laminate, Tile & Stone, Others), By Region, Competition, Forecast & Opportunities,
2019-2029F”, has evaluated the future growth potential of Saudi Arabia Floor
Adhesive 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 Saudi Arabia Floor Adhesive
Market.
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