Press Release

Saudi Arabia Spray Adhesive Market to Grow with a CAGR of 3.25% through 2029

Growth in research and development activities is expected to drive the Saudi Arabia Spray Adhesive Market growth in the forecast period, 2025-2029.

 

According to TechSci Research report, “Saudi Arabia Spray Adhesive Market – By Region, Competition, Forecast and Opportunities, 2019-2029F”, the Saudi Arabia Spray Adhesive Market stood at USD 74.64 million in 2023 and is anticipated to grow with a CAGR of 3.25% through 2029. The initiatives taken by government based on spray adhesive has led to favorable market conditions for the Saudi Arabia Spray Adhesive Market. Several factors contribute to the growth of various spray adhesive market products.

The government of Saudi Arabia is taking proactive measures to boost the manufacturing sector by offering attractive financial incentives and tax breaks specifically for companies investing in the production of spray adhesives. By doing so, they aim to stimulate the growth of the industry and create an environment that is conducive to attracting foreign investment. These initiatives not only demonstrate the government's commitment to supporting local businesses but also highlight the potential for economic development and job creation in this particular sector.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Saudi Arabia Spray Adhesive Market

 

The growth of the Saudi Arabia Spray Adhesive Market is being driven by technological upgradation and the staggering demand from various end-use industries. These advancements have a direct impact on the spray adhesive market, as manufacturers continue to develop new and improved adhesive formulations. To meet the evolving needs of industries, manufacturers are investing heavily in research and development (R&D) to create sustainable, efficient, and durable adhesive products. This focus on R&D ensures that the adhesive products can effectively address the specific challenges faced by different industries, leading to increased adoption and growth in the market.


The Saudi Arabia Spray Adhesive Market is segmented in chemistry, end user, regional distribution, and company.

Based on its chemistry, the epoxy segment held the largest share in the market. The construction industry in Saudi Arabia is experiencing a significant boom, driven by the ongoing infrastructure projects as part of the Vision 2030 initiative. These projects encompass a wide range of sectors, including transportation, energy, and urban development, creating a surge in the demand for construction materials.

Among these materials, epoxy adhesives have emerged as a preferred choice among contractors and builders. With their exceptional bonding capabilities and long-lasting durability, epoxy adhesives offer a reliable solution for various construction applications. They provide strong adhesion to different surfaces, ensuring the structural integrity of buildings and infrastructure projects.

As the construction industry continues to expand and evolve in Saudi Arabia, the demand for high-quality construction materials like epoxy adhesives is expected to grow even further. This presents a significant opportunity for suppliers and manufacturers to meet the increasing needs of the market and contribute to the successful realization of the Vision 2030 goals.

Based on region, Northern & Central segment is expected to grow during the forecast period.

The strategic location of these regions contributes significantly to their dominance. The Northern Region, with its borders shared with Jordan and Iraq, serves as a hub for trade and import/export activities, fostering economic growth and opportunities. Similarly, the Central Region's favorable location makes it an ideal distribution point, allowing easy access to other parts of the country. This level of accessibility not only attracts businesses but also fuels the growth of the local spray adhesive market, creating a thriving ecosystem of commerce and innovation.

 

Major companies operating in Saudi Arabia Spray Adhesive Market are:

  • Arkema SA
  • AVERY DENNISON CORPORATION
  • The Dow Chemical Company
  • H.B. Fuller Company
  • Henkel AG & Co. KGaA
  • Huntsman International LLC

 

Download Free Sample Report

Customers can also request for 10% free customization on this report

 

“Growing application of spray adhesive in various end user industries are key drivers of the spray adhesive market. Growth in competitive landscape and presence of well-established companies in the market who are dedicated to enhance their productivity of spray adhesive with every passing year are anticipated to register an impressive growth to Saudi Arabia Spray Adhesive Market in the forecast period”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

Saudi Arabia Spray Adhesive Market By Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others), By End User (Transportation, Construction, Furniture, Packaging, Textile, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F”, has evaluated the future growth potential of Saudi Arabia Spray 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 Spray Adhesive Market.

 

Contact

TechSci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +13322586602

Email: [email protected]

Website: www.techsciresearch.com

Relevant Reports

Saudi Arabia Spray Adhesive Market By Chemistry (Epoxy, Polyurethane, Synthetic Rubber, Vinyl Acetate Ethylene, Others), By End User (Transportation, Construction, Furniture, Packaging, Textile, Others), By Region, Competition, Forecast and Opportunities, 2019-2029F

Chemicals | May, 2024

Growing demand of spray adhesive in automotive and construction industries are factors driving the Saudi Arabia Spray Adhesive Market in the forecast period 2025-2029.

Relevant News