Press Release

GCC Construction Adhesive Market to Record a Substantial CAGR of Around 5.5% During 2024-30

The GCC Construction Adhesive Market size is projected to grow at a CAGR of about 5.5% during the forecast period of 2024–30, cites MarkNtel Advisors in the recent research report. The GCC construction adhesive market is driven by the infrastructural and tourism sectors across the region. GCC countries are moving toward infrastructure development to attract tourism and foreign investment. The increase in urbanization is also increasing the demand for construction adhesives in the GCC region. As the number of tourists increases, the number of hotels in GCC countries like Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates will rise. Saudi Arabia has the largest position among these countries in the construction adhesive industry. Rapid infrastructure development, growing urbanization, and a growing population are boosting the construction adhesive market. In addition, the Saudi Government’s Vision 2030 initiative is boosting the construction industry in Saudi Arabia, which is anticipated to enhance the market size during 2024–2030.

Moreover, countries are promoting awareness of the environmental effects caused by conventional adhesives. The improved existing chemicals and the idea of building sustainable green buildings are increasing the demand for construction adhesives in urban areas. In addition, some developers are concentrating on underground structure protection with sustainable materials to improve thermal insulation and building protection and allow cool-roof treatment. With the growing infrastructure sector, the need for building repairs and rehabilitation is also growing and requires construction chemicals to increase strength and corrosion resistance while decreasing the use of water and cement in construction activities, further states the research report, “GCC Construction Adhesive Market Analysis, 2024.”

Segmentation Analysis

Acrylic Adhesives Leading Construction Adhesive Industry

Over the past few years, Acrylic Adhesives have emerged as the dominant force in the diverse segments of the GCC Construction Adhesives Market. This market trend underscores the substantial demand for acrylic adhesives, fueled by their multitude of benefits, which encompass robust resistance to varying temperature ranges, oxidation, and UV light. Notably, their user-friendly characteristics facilitate easy removal and reinstallation in the event of an incorrect application.

The outstanding properties exhibited by acrylic adhesives serve as a driving force for the overall growth of the market, indicating a rising preference for their versatile applications across various industrial sectors within the GCC region. This surge in demand aligns with the recognition of acrylic adhesives as a reliable and effective solution, further solidifying their position in the competitive landscape of the GCC Construction Adhesives Market.

Saudi Arabia Holds the Largest Share of the GCC Construction Adhesive Market

The Saudi Arabian government has actively encouraged private foreign investors to establish business units by offering incentives and duty-free access. This initiative aligns with the Saudi Vision 2030 strategy, which includes the Programme HQ policy requiring foreign companies to establish their regional base headquarters in the country to qualify for state-sponsored contracts. Additionally, the government has allocated approximately USD 3 trillion in funding to support foreign companies conducting business in Saudi Arabia. As a result, the demand for construction adhesives has surged due to increased construction and expansion activities in commercial infrastructure, necessitating various bonding, sealing, and insulation applications in commercial buildings and facilities.

Furthermore, advancements in adhesive technology, such as the development of hybrid adhesives and moisture-curing adhesives, are enhancing the performance and durability of construction adhesives. These innovative products offer improved bonding strength, flexibility, and resistance to harsh environmental conditions, meeting the evolving needs of construction projects in Saudi Arabia.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including Sika GCC, NAPCO Middle East, Akrema Middle East DMCC, Dow Inc., Jowat Adhesives, Pidilite MEA Chemicals LLC, H.B Fuller Middle East, Huntsman International LLC, MAPEI S.p.A., Tackmix Adhesives, Dubai Adhesive, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various countries?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?