According to MarkNtel Advisors’ research report, the Saudi Arabia Construction Sealants & Adhesives Market is likely to witness around 4.8% CAGR during 2022-27. The market growth attributes primarily to the booming utilization of sealants & adhesives in building & construction activities to provide tight bonds between close-fitting surfaces, seal against moisture & salts, and protection against UV light & other environmental conditions.
With the introduction of high-performance polymers & formulations, the demand for sealants & adhesives is substantially increasing across the construction sector. Moreover, the increasing inclination toward green buildings and massive government investments in extensive construction projects are other prominent aspects driving the market through 2027.
According to the research report, the Saudi Arabia Construction Sealants & Adhesives Market, based on Sealant Type, segments into:
Of them all, the demand for Polyurethane is expected to grow at the fastest pace during the forecast period. Its booming production & sales owes to its application in joining & sealing floors, tunnels, bridges, and other public infrastructure that need to stand still for a longer span in the changing weather & environmental conditions like adverse temperature, UV rays, cracking & yellowing, etc.
Besides, benefits like elasticity for joint movements, durable adhesion in substrates for tightness, and improved handling for efficient & reliable sealant application are other crucial factors likely to lead to their fastest growing demand in construction activities across Saudi Arabia, states MarkNtel Advisors in their research report, “Saudi Arabia Construction Sealants & Adhesives Market Analysis, 2022.”
Key Market Competitors
According to MarkNtel Advisors, the leading players in the Saudi Arabia Construction Sealants & Adhesives Market are BASF S.E., Dow Chemicals, DuPont, Fafa Adhesive & Labeling Company, 3M Company, Nordson Corporation, Polywed Construction Chemicals, Sika AG, Saveto, SAAF Technology Co. Ltd., Techno Zone, and Valve Serve.
Key Questions Answered in the Study