Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Adhesives & Sealants Market By Resin Type, By Technology, By End Use Industry and By Sales Channel), By Adhesives (By Resin Type and By Technology), By Sealants (By Resin Type), Competition Forecast & Opportunities,2017-2030F” under Chemical & Materials Market Research Reports category. The Adhesives & Sealants Market in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
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.
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 Market. Bifurcation into adhesives and sealants ensures the appropriate records of market revenues generated from adhesives and sealant industry. 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 million 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 the 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.
Saudi Arabia Adhesives & Sealant Market is segmented into resin type and technology. Based on resin type, the market is further split into polyurethane adhesives, vinyl adhesives, silicone & modified silicone adhesive and sealants, Polysulfide Sealants, Epoxy Adhesives, Polyurethane Sealants, Cyanoacrylate, Acrylic Adhesives & Sealants, Others (Oil Caulking, Butyl Rubber, Natural Polymer etc).
Based on technology, the market is further fragmented into water based, solvent based, hot melt, reactive, and others (Water Soluble Polymers, Natural Polymers, Pressure Sensitive). 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 technology demand.
Based on end use industry the market is divided into furniture, building & construction, packaging & paper related products, automotive, DIY, aerospace, defense and others.
Based on sales channel the market is divided into B2B and B2C.
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.
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:
oBy Resin Type
Acrylic Adhesives & Sealants
Silicone & Modified Silicone Adhesives and Sealants
Others (Oil Caulking, Butyl Rubber, Natural Polymer, etc.)
Others (Water Soluble Polymers, Natural Polymers, Pressure Sensitive)
oBy End-Use Industry
Building & Construction
Packaging & Paper Related Products
Others (Footwear, Ceramics, Textile, Leather, etc.)
oBy Sales Channel
Saudi Arabia Adhesives and Sealants Market, By Adhesives:
oBy Resin Type
Silicone & Modified Silicone Adhesives
Others (Oil Caulking, Butyl Rubber, Natural Polymer)
Others (Water Soluble Polymers, Pressure Sensitive)
Saudi Arabia Adhesives and Sealants Market, By Sealants:
oBy Resin Type
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Adhesives and Sealants Market.
With the given market data,Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Detailed analysis and profiling of additional market players (up to five)..
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