By Resin Types (Ethylene Vinyl Acetate, Thermoplastic Polyurethane, Styrenic-butadiene Copolymers, Others (Phenoxy resins, Polyesters, etc.)), By End Users (Automotive, Buildings &...... Construction, Electronics, Healthcare, Others (Paper, Board & Packaging, Textile etc.)), By Country (The UAE, Saudi Arabia, Qatar, Egypt, Turkey, Rest of Middle East), By Company (3M, Jowat SE, Arkema Group, Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Dow Chemicals, DuPont, Bostik, Huntsman Corporation, Others) Read more
- Chemicals
- Jan 2023
- 178
- PDF, Excel, PPT
Introduction
Hot melt adhesives (HMA) are a type of thermoplastic adhesive substance used in a variety of industrial applications, such as packaging & construction. Since these are applied over a specific area with a hot glue gun that uses a heating element to melt the adhesive, it is also referred to as hot glue. Hot melt adhesives are increasing in popularity across the world, as they do not contain formaldehyde, which has several negative impacts on human & environmental health.
Market Insights
The Middle East Hot Melt Adhesives market is projected to grow at a CAGR of around 5.67% during the forecast period, i.e., 2023-28. The region observed significant demand for these adhesives owing to the rising construction of residential & commercial infrastructure, which augmented the need for these adhesives for multipurpose uses such as the bonding of glass to the walls, flooring, etc. Furthermore, countries such as the UAE, Saudi Arabia, Bahrain, and others are focusing on boosting non-oil sectors such as retail, hospitality, tourism, and others to reduce reliance on an oil-focused economy, which has increased demand for hot melt adhesives in recent years.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 5.67% |
| Country Covered | The UAE, Saudi Arabia, Qatar, Egypt, Turkey, Rest of Middle East |
| Key Companies Profiled | 3M, Jowat SE, Arkema Group, Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Dow Chemicals, DuPont, Bostik, Huntsman Corporation, Others |
| Unit Denominations | USD Million/Billion |
Moreover, the rising healthcare sector in these countries further contributed to the surging demand for hot melt adhesives in the historical years. The growth was led by the surging need to seal disposable hygiene products in clinics & labs to ensure safety hazards & protocols for the safe disposal of used products in the respective segments. In addition, countries in the Middle East region, such as Kuwait, the UAE, and Saudi Arabia, have been extensively focusing on improving the healthcare sector, with the motive to reduce outbound medical tourism & provide world-class facilities to treat patients in the country. Therefore, the rising requirement for these adhesives to seal disposable used products in the past years is also expected to continue in the coming years as well.
Additionally, the expanding e-commerce sector in the region is another factor driving the need for hot melt adhesives for packaging purposes in warehouses and the food & beverages industry. As these adhesives are used with glue guns to seal packages airtight, they are safe for shipping goods from warehouses to end-use industries. In addition, the adoption of bio-based hot melt adhesives in the food and beverage industry for food packaging has stimulated requirement for bio-based adhesives in recent years to meet countries' sustainability goals and practices. Hence, emerging e-commerce sectors & various government initiatives to improve the food & beverage industry are expected to drive demand for these adhesives in the coming years.
- Market Segmentation
- Introduction
- Product Definition
- Research Process
- Assumptions
- Executive Summary
- Middle East Hot Melt Adhesives Market Porters Five Forces Analysis
- Middle East Hot Melt Adhesives Market Supply Chain Analysis
- Middle East Hot Melt Adhesives Market Trends & Insights
- Middle East Hot Melt Adhesives Market Dynamics
- Drivers
- Challenges
- Middle East Hot Melt Adhesives Market Growth Opportunities & Hotspots
- Middle East Hot Melt Adhesives Market Policy & Regulations
- Middle East Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Types
- Ethylene Vinyl Acetate
- Thermoplastic Polyurethane
- Styrenic-butadiene Copolymers
- Others ( Phenoxy resins, Polyesters, etc.)
- By End Users
- Automotive
- Buildings & Construction
- Electronics
- Healthcare
- Others (Paper, Board & Packaging, Textile etc.)
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Egypt
- Turkey
- Rest of Middle East
- By Company
- Market Share & Analysis
- Competition Characteristics
- By Resin Types
- Market Size & Outlook
- The UAE Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Type
- By End Users
- Market Size & Outlook
- Saudi Arabia Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Type
- By End Users
- Market Size & Outlook
- Qatar Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Type
- By End Users
- Market Size & Outlook
- Egypt Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Type
- By End Users
- Market Size & Outlook
- Turkey Hot Melt Adhesives Market Outlook, 2018-2028F
- Market Size & Outlook
- By Revenues (USD Million)
- By Volume (Thousand Tons)
- Market Share & Outlook
- By Resin Type
- By End Users
- Market Size & Outlook
- The Middle East Hot Melt Adhesives Market Key Strategic Imperatives for Growth & Success
- Competitive Benchmarking
- Competition Matrix
- Product Portfolio
- Target Markets
- Target End Users
- Research & Development
- Strategic Alliances
- Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
- 3M
- Jowat SE
- Arkema Group
- Henkel AG & Co. KGaA
- Sika AG
- H.B. Fuller Company
- Dow Chemicals
- DuPont
- Bostik
- Huntsman Corporation
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making
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