UAE Contact Adhesive Market to Grow with a CAGR of 3.48% through 2028
Surge in research and development activities is expected to drive the UAE
Contact Adhesive Market growth in the forecast period, 2024-2028.
According to TechSci Research report, “UAE Contact
Adhesive Market– By Region, Competition, Forecast and Opportunities, 2018-2028F”,
the UAE Contact Adhesive Market stood at USD61.38 million in 2022 and is
anticipated to grow with a CAGR of 3.48% in the forecast period, 2023-2028. The
initiatives taken by government based on contact adhesive has led to favorable
market conditions for the UAE Contact Adhesive Market. Several factors
contribute to the growth of various contact adhesive market products.
The UAE
government is dedicated to achieving more sustainable consumption and
production (SCP), as well as meeting SDG 12, by transitioning from a
degenerative linear model to a regenerative circular economy. By adopting this
approach, the UAE aims to minimize waste and maximize resource efficiency,
leading to a greener and more sustainable future.
As part of these
efforts, initiatives that promote the development and use of eco-friendly
adhesives are being encouraged. These adhesives not only contribute to reducing
environmental impact but also align with the UAE's commitment to fostering a
circular economy.
Moreover, the
UAE has been actively implementing measures to improve waste management and
treatment through the implementation of regulations, adoption of advanced
technologies, and raising consumer awareness. These comprehensive actions are
expected to have a positive influence on the adhesive market, particularly in
terms of reducing waste generated from packaging adhesives and promoting the
development of recyclable alternatives. By considering these factors, the UAE
is taking significant strides towards a more sustainable and environmentally
conscious future.
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The contact
adhesive market in the UAE is experiencing significant growth, driven by a
surge in research and development activities aimed at creating innovative and
high-performance adhesives. To stay ahead in the competitive landscape,
numerous companies are making substantial investments in research facilities
and innovative projects. These endeavors are focused on developing advanced
adhesive solutions that cater to the evolving needs of diverse industries such
as construction, automotive, and packaging.
Moreover, there
is an increasing demand for eco-friendly adhesives, primarily due to the
growing emphasis on sustainability and environmental conservation. This trend
has further intensified research and development efforts in the pursuit of
green adhesives that are not only effective but also environmentally friendly.
By addressing the need for sustainable alternatives, these eco-friendly
adhesives are poised to play a crucial role in shaping the future of the
adhesive industry in the UAE.
The UAE Contact
Adhesive Market is segmented in type, end user, regional distribution, and company.
Based on its type, the neoprene segment held the
largest share in the market. Neoprene adhesives play a crucial role in the
automotive industry. They are widely utilized for various applications,
including bonding fabrics in car interiors, weather stripping to ensure
airtight seals, and sealing glass components for enhanced safety. The
significant growth of the automotive industry in the UAE has directly
influenced the demand for neoprene adhesives, as it continues to be a preferred
choice for manufacturers seeking reliable and durable bonding solutions.
Moreover, neoprene's exceptional resilience to adverse
conditions, such as extreme temperatures and chemical exposure, makes it an
ideal choice for a wide range of industrial applications. Its ability to
withstand harsh environments without compromising performance has led to its
widespread use in the packaging industry, where secure and long-lasting
adhesion is crucial. As a result, the demand for neoprene adhesives in the
overall adhesive market has been steadily increasing, driven by the need for
reliable bonding solutions that can withstand diverse operational and
environmental challenges.
Based on region, Dubai segment is expected to grow
during the forecast period.
The availability of abundant and diverse raw
materials, coupled with low production costs, has played a significant role in
Dubai's market dominance. As an emirate, Dubai has strategically positioned
itself as a global hub for international trade and commerce, offering seamless
access to a wide range of raw materials. This advantageous location has
attracted numerous adhesive manufacturers to establish their operations in
Dubai, taking advantage of the favorable government policies and support.
Moreover, the government's efforts to streamline
business processes and reduce bureaucratic hurdles have further contributed to
the cost-effectiveness of production in Dubai. These factors, combined with the
emirate's world-class infrastructure and business-friendly environment, make
Dubai an immensely attractive market for adhesive manufacturing companies
seeking growth and success.
Major companies operating in UAE Contact Adhesive
Market are:
- 3M Company
- Delo Industrial Adhesives, LLC
- Hexcel Corporation
- Lord Corporation
- HUNTSMAN (UAE) FZE
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“Growing application of contact adhesive in various
end user industries are key drivers of the contact adhesive market. Growth in
competitive landscape and presence of well-established companies in the market
who are dedicated to enhance their productivity of contact adhesive with every
passing year are anticipated to register an impressive growth to UAE Contact
Adhesive Market in the forecast period.,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“UAE Contact Adhesive Market By Type (Neoprene,
Polyurethane, Acrylic, Styrene Butadiene Copolymer, Others), By End User (Automotive,
Leather & Footwear, Construction, Others), By
Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of UAE Contact 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 UAE Contact Adhesive Market.
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