Saudi Arabia Adhesives & Sealant Market to Register a CAGR of 6.79% during the Forecast Period
Increasing investment among
construction industry and growth in automotive sector are the prominent factor
propelling the growth of Saudi Arabia Adhesives and Sealant market during the
forecast period.
According to
TechSci Research report, “Saudi Arabia Adhesives & Sealant Market –-
By Competition Forecast & Opportunities, 2017-2030” Saudi Arabia Adhesives &
Sealant Market is forecast to grow at an impressive CAGR of 6.79%. One of the
primary reasons for the market's inexorable expansion is the expanding
construction industry in Saudi Arabia. Owing to several useful uses for
adhesives and sealants in the healthcare industry as well as increased capacity
utilization for residential adhesives and sealants, the growth of Saudi
Arabia Adhesives and Sealant market has surged.
An effective
replacement technology for primitive techniques of combining two different
materials or surfaces has been discovered and is slowly gaining popularity in
the market among a wide range of sectors across plethora of industries.
There has been an increase in demand for adhesives and sealants from a variety
of industries, including furniture, building and construction, packaging,
automotive, and DIY, among others, which suggests that the market will rise
rapidly throughout the projection period.
The market for Saudi
Arabia adhesives and sealants market is being supported by modifications
in water-based and reactive-based technology, advancements in the working
methodology to improve the production cycle of adhesives and sealants, and
integration of their finished products in industries ranging from packaging to construction.
Browse
over 18 market data Figures spread through 70 Pages and an in-depth TOC on
"Saudi Arabia Adhesives & Sealant Market"
Saudi
Arabia Adhesives market is segmented based on resin type, technology, and
competitive landscape.
Based
on resin type, the market can be segmented into polyurethane adhesives, vinyl
adhesives, acrylic Adhesives, epoxy adhesives, silicone & modified silicone
adhesives and sealants, polyurethane sealants, polysulfide sealants,
cyanoacrylate, and others., and others. Polyurethane adhesives hold the largest
share of demand, followed by vinyl adhesives. Based on technology, the market can be
segmented into water-based, solvent-based, hot melt, reactive, and others. The
water-based adhesive segment held the largest share in 2021 owing to increased
capacity utilization in the furniture industry.
Silicone-based
sealants dominate the market, followed by polyurethane sealants. The majority
of sealants' market share is expected to remain with sealing applications
during the forecast period.
Major
market players operating in the Saudi Arabia Adhesives & Sealant Market are:
- Sika AG
- Huntsman Corporation
- H.B. Fuller
- Al Muqarram Industry
- 3M
- Henkel AG & Co. KGaA
- Laticrete
- Permabond Engineering Adhesives
- Anabond
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“40% of the demand for
adhesives comes from the construction and packaging industries together. The
usage of phenolic and amino adhesives as binders in wooden boards dominates the
construction market. The most common product for adhesives in the packaging
industry is corrugated boxes. Labels and pressure-sensitive tapes are
significant goods in this market. The construction, consumer goods,
transportation, industrial, aerospace, appliance, and electronics industries
represent most of the sealant market. Construction is the largest market,
followed by transportation and industry. Almost 70% of the market for sealants
is made up of synthetic sealants. Polyurethanes and silicones dominate the
synthetic sealant market, which is supported by a robust construction sector. Technological
upgradation and staggering demand from end-use industry is expected to fuel the
Saudi Arabia Adhesives & Sealant Market growth till 2030”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Saudi Arabia Adhesives
& Sealant Market By Resin Type (Polyurethane Adhesives, Vinyl Adhesives, Acrylic
Adhesives & Sealants, Epoxy Adhesives, Silicone & Modified Silicone
Adhesive and Sealants, Polyurethane Sealants, Polysulfide Sealants,
Cyanoacrylate and Others), By Technology (Water Based, Solvent Based, Hot Melt,
Reactive and Others), By End Use Industry (Furniture, Building &
Construction, Packaging & Paper Related Products, Automotive, DIY,
Aerospace, Defense and Others), By Sales Channel (B2B and B2C), By Region, Competition,
Forecast & Opportunities, 2017-2030F”, has evaluated the future
growth potential of Saudi Arabia Adhesives & Sealant 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 Adhesives & Sealant Market.
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