According to MarkNtel Advisors’ research report, “Middle East & Africa Industrial Adhesives & Sealants Market Analysis, 2021,” the market is likely to grow at a CAGR of 6.7% during 2021-26. It attributes to the rising demand for adhesives & sealants in the construction industry and the growing penetration of smartphones & tablets fueling the demand for products from the electronics industry. Moreover, the rising adoption of advanced adhesives & sealants in the automotive industry to cater to the surging demand for high-quality vehicles is also likely to accelerate the growth of the Middle East & Africa Industrial Adhesives & Sealants Market in the forecast period.
Key Questions Answered in the Study
Electrical and Electronics Industry to Grow at a Significant Rate
Based on the End-User, the market bifurcates into Building and Construction, Paper, Board & Packaging, Transportation, Woodworking & Joinery, Footwear & Leather, Healthcare, and Electrical & Electronics. Of these, the Electrical & Electronics industry is likely to grow at a considerable rate in the Middle East & Africa Industrial Adhesives & Sealants Market during the forecast period.
Sealants are a crucial part of electronic components used in the manufacturing and assembling of electronic items. They are of immense use in the Electrical and Electronics Industry for bonding exterior plastic housings, surface mount devices, heat sinks, and potting. Further, they are also beneficial in conformal coatings and other electronic gadgets. Hence, with these aspects, the Electrical & Electronics industry shall witness significant growth in the forecast period.
“Middle East & Africa Industrial Adhesives & Sealants Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Industrial Adhesives & Sealants providers across the region. Moreover, the report also encompasses the key strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Saudi Arabia Exhibits Fastest Growth in the Middle East & Africa Industrial Adhesives & Sealants Market
Saudi Arabia is likely to register the fastest growth in the Middle East & Africa Industrial Adhesives & Sealants Market during 2021-26. Mounting investments by the manufacturing sector leads to aiding the demand for sealants in the country. Moreover, the rapidly growing chemical industry in the country is another crucial aspect that increases the usage of adhesives & sealants. Hence, all these factors are likely to fuel the overall market growth in Saudi Arabia, reveals MarkNtel Advisors in their research report, “Middle East & Africa Industrial Adhesives & Sealants Market Analysis, 2021.”
According to MarkNtel Advisors, the major leading players in the Middle East & Africa Industrial Adhesives & Sealants Market are 3M Company, Dow, Arkema Group, ITW Performance Polymers, Henkel Ag & Co KGaA, H.B. Fuller Company, Momentive Performance Materials Inc, Pidilite Industries Ltd., Star UAE, Huntsman International LLC.