Saudi Arabia Adhesives
and Sealant market is expected to register a CAGR of 6.79% during the forecast
period, 2023-2030, to achieve a market value of USD 333.07 million by 2030F. Advanced
synthetic polymer adhesives and sealants have emerged, causing expansion of
significant industrial products in recent years. As adhesives are
used in furniture making therefore, growth in the furniture industry is
expected to drive the Saudi Arabia Adhesives and Sealant Market during the
forecast period.
Saudi Arabia is very
well known for its vast number of underground hydrocarbon deposits and natural
gas reserves with prolific potential. Saudi Arabia holds the dominance in terms
of supplying various grades of crude oil, natural gas liquids, and other petroleum
feedstocks across various countries through a wide array of established
sophisticated distribution network of pipelines. Although, country is recognized
of having prospective natural source of Hydrocarbon in the world, it has also
thrived and contended amongst the class infrastructure of Chemical Industries
in the developed nations like US and several countries of Europe on the account
of ease availability of petroleum feedstocks (as a major raw material for most
of the chemicals). It is plausible to examine the growth of chemical industry
in Saudi Arabia, seeing its easy raw material sourcing and evolving
infrastructural industrial development in the recent years. Saudi Arabia has
earned the reputation in building the excellent class manufacturing facilities
and admirable supply chain of quality and reliable specialty chemicals such as
adhesives and sealants.
Inclusive research and analytical
studies were conducted to deeply understand the Saudi Arabia Adhesives &
Sealant Market. Bifurcation into adhesives and sealants ensures the appropriate
records of market revenues generated from adhesives and sealant industry respectively.
Market growth has been phenomenal in the past five years seeing the sales of
leading players who manufacture broad range of adhesives and sealants for
numerous end use industries.
Growing Packaging,
Furniture, and Construction Industry is Driving Saudi Arabia Adhesives Market
Growth
As
an outcome of a rise in utilization across a variety of industries, including
packaging, furniture, and construction, the Saudi Arabia Adhesives Market is
expected to achieve a market value of USD 201.11 by 2030F, registering an
impressive CAGR of 6.07% during the forecast period, 2023-2030F. The substantial usage of adhesives in the
construction and automotive industries has been the main factor driving market growth
in Saudi Arabia. To bridge the majority of the supply-demand gap and fulfill
the rising local demand, adhesive and sealant product imports are extremely
important. The Saudi Arabian market for adhesives will undoubtedly profit from
the optimistic manufacturing outlook in the next years. Lower VOC emissions,
increased awareness, and stricter restrictions, however, are also expected to
spur market expansion in the following years.
Consumer Acceptability of the
Saudi Arabia Sealants Market is Driving the Market Growth
A wide range of industries
utilize sealants for manufacturing products for various end-users.
Manufacturers produce materials for their own internal usage in addition to
selling adhesive and sealant solutions to other industries. There are numerous
instances of supplementary markets and specialized industrial applications
where sealants alone may outperform other prevailing bonding solutions. Numerous
efforts have been made to aid the expansion of the Saudi Arabia Sealant Market
through innovation and development.
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Market Segmentation
The Saudi Arabia Adhesives
& Sealant Market is segmented into Saudi Arabia Adhesives Market and Saudi
Arabia Sealants Market along with the major market players identification
through competitive analysis.
Saudi Arabia Adhesives Market
is segmented into resin type and technology. Based on resin type, the market is
further split into polyurethane adhesives, vinyl adhesives, acrylic adhesives,
epoxy adhesives, silicone & modified silicone adhesives and others. Based
on technology, the market is further fragmented into water based, solvent based,
hot melt, reactive, and others. As a result of growing demand in the furniture
and construction industries, water-based technology is predicted to have the
greatest revenue shares in the market and dominate the market segment in
the coming years. Higher efficiency and cost savings are two other elements
driving the development of the market's water-based adhesive technology demand.
Based on resin type, the
market is further segmented into Polyurethane adhesives, vinyl adhesives,
acrylic adhesives & sealants, epoxy adhesives, silicone & modified
silicone adhesives and sealants, polyurethane sealants, polysulfide sealants,
cyanoacrylate, and others. Based on technology, the market is fragmented into
water based, solvent based, hot melt, reactive, and others. Based on end use
industry the market is divided into furniture, building & construction,
packaging & paper related products, automotive, diy, aerospace, defense and
others.
Company Profiles
Sika
AG, H.B. Fuller, Henkel AG & Co. KGaA, Bostik, Al Muqarram Group, LATICRETE
International,Inc., 3M Saudi Arabia Pty Ltd. and Anabond Limited are among the major
market players in the Saudi Arabia adhesives and sealants market.
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Attribute
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Details
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Market size value in 2021
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USD 188.02 Million
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Revenue Forecast in 2030
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USD 333.07 Million
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Growth Rate
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6.79%
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2030
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Quantitative Units
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Revenue in USD Million, Volume in Million Kg and CAGR for 2017-2021
and 2022-2030
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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Adhesives
Resin Type
Technology
Sealants
Resin Type
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Key Companies Profiled
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Sika Saudi Arabia Limited, H.B. Fuller
Company, 3M Company, National Adhesives Limited (Henkel), Al Muqarram Group,
Laticrete International, Inc., Permabond Engineering Adhesives Ltd., Anabond Limited,
Dow Corning, Pidilite Industries Limited, Soudal Group, Bostik- Gerflor Middle East, Ashwa Technologies Co. Ltd.
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Customization Scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
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Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/pdf format on
special request)
|
Report Scope:
In this report, Saudi Arabia Adhesives
and Sealants is segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Saudi Arabia Adhesives and Sealants Market:
- By Resin Type
- Polyurethane Adhesives
- Vinyl Adhesives
- Acrylic Adhesives & Sealants
- Epoxy Adhesives
- Silicone & Modified Silicone Adhesives and Sealants
- Polyurethane Sealants
- Polysulfide Sealants
- Cyanoacrylate
- Others (Oil Caulking, Butyl Rubber, Natural Polymer, etc.)
- By Technology
- Water Based
- Solvent Based
- Hot Melt
- Reactive
- Others (Water Soluble Polymers, Natural Polymers, Pressure
Sensitive)
- By End-Use Industry
- Furniture
- Building & Construction
- Packaging & Paper Related Products
- Automotive
- DIY
- Aerospace
- Defense
- Others (Footwear, Ceramics, Textile, Leather, etc.)
- By Sales Channel
- Saudi Arabia Adhesives and Sealants Market, By Adhesives:
- By Resin Type
- Polyurethane Adhesives
- Vinyl Adhesives
- Acrylic Adhesives
- Epoxy Adhesives
- Silicone & Modified Silicone Adhesives
- Others (Oil Caulking, Butyl Rubber, Natural Polymer)
- By Technology
- Water Based
- Solvent Based
- Hot Melt
- Reactive
- Others (Water Soluble Polymers, Pressure Sensitive)
- Saudi Arabia Adhesives and Sealants Market, By Sealants:
- By Resin Type
- Silicone
- Polyurethane
- Polysulfide
- Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia Adhesives and Sealants
Market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).