Saudi Arabia Construction Sealants & Adhesives Market Research Report: Forecast (2022-2027)

Sealants & Adhesives have vast characteristics and are used principally to bond substrates & eliminate self-loosening caused by dynamic loads. Their features like adhesion, elasticity, cohesive strength, UV protection, thermal expansion resistance, etc., drive their use across different construction applications like wall covering, roofing, carpet adhesives, floor tile & continuous flooring installation, countertop lamination, etc. The rapidly increasing construction activities across Saudi Arabia are leading to the mounting sales of sealants & adhesives.

According to MarkNtel Advisors, the Saudi Arabia Construction Sealants & Adhesives Market is projected to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27. The market is driven primarily by the swiftly expanding construction industry leading to various building & construction projects in Saudi Arabia, coupled with substantial investments by the government.

Besides, the growing tourism sector leading to several hotels being constructed, increasing usage of adhesives & sealants in the packaging industry, and the mounting number of hospitals & clinics in the country shall also fuel the overall market growth in the coming years.

Impact of Covid-19 on the Saudi Arabia Construction Sealants & Adhesives Market

• With the Covid-19 pandemic in 2020, the Saudi Arabia Construction Sealants & Adhesives Market observed significant disruptions like hampered supply chain, lack of labor & raw materials, affected logistics, etc., principally due to the sudden imposition of movement restrictions & frequent lockdowns.
• Besides, the absence of consumers in the market introduced severe challenges for the business.
• Additionally, the ongoing constructions of roads, buildings, flyovers, etc., were suspended, which, in turn, resulted in the project cancellations and a decline in the production & sales of sealants & adhesives.
• However, the market witnessed a hike with the development of Covid-19 quarantine centers & temporary hospitals in the country amidst the crisis.
• Also, with the upliftment of lockdown & movement restrictions and recommencement of industries, production & sales of sealants & adhesives have risen significantly.
• Moreover, the resumption of tourism in the country has led to more building & construction projects, which are fueling the demand for sealants & adhesives