Adhesives & sealants are non-metallic substances applied between two surfaces to bind them together. They are used primarily for attaching tiles and fixtures to ceilings & floors. Sealant is the substance used in construction activities to prevent fluid and other substances from passing through joints or openings. It can also help in blocking the passage of air, dust, and sound.
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 around 6.7% during 2021-26. The demand for industrial adhesives & sealants is primarily due to the rapidly growing construction industry, infrastructural developments, and the introduction of high-performance formulations. Besides, the rising adoption of new design techniques and technologies further provides lucrative growth opportunities to industrial adhesives & sealants in the Middle East & Africa Region.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR | 6.7% |
| Regions Covered | Middle East & Africa: UAE, Saudi Arabia, Qatar, Egypt, South Africa, Rest of Middle East & Africa |
| Key Companies Profiled | 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 |
| Unit Denominations | USD Million/Billion |
COVID-19 Pandemic Negatively Impacted the Market Growth
The sudden outbreak of the COVID-19 pandemic has impacted most industries due to nationwide lockdown and other stringent restrictions. The Middle East & Africa Industrial Adhesives & Sealants Market was no exception and faced several challenges, primarily due to disruption in supply chain and logistics, owing to the scarcity of human power. Further, the movement restrictions of people and their varying demand for different products also impacted the market growth.
However, with the gradual upliftment of lockdown and ease of norms, the construction & other industrial projects, which were on hold, are resuming and regaining their pace. Hence, the demand for Industrial Adhesives & Sealants in the coming future shall increase significantly in the Middle East & Africa in the coming years.
Market Segmentation
Building and Construction Segment Accounted for the Highest Market Share
Based on End-Users, the market bifurcates into Building and Construction, Paper, Board & Packaging, Transportation, Woodworking and Joinery, Footwear and Leather, Healthcare, and Electrical and Electronics. Of them all, the Building and Construction industry acquired the largest market share in the Middle East & Africa Industrial Adhesives & Sealants Market in the previous few years.
The adhesives and sealants are used extensively in the Building & Construction industry due to their physical properties & characteristics, including good elasticity, high cohesive strength, flexibility, high resistance from thermal expansion, and environmental resistance from UV light, corrosion, rain, & other extreme weathering conditions. Their several applications include ventilation, roofing, joint cement, resilient flooring, fixed window frames, etc. Hence, these crucial characteristics & applications of adhesives & sealants are likely to fuel their growth in the forecast period, cites MarkNtel Advisors in their research report, “Middle East & Africa Industrial Adhesives & Sealants Market Analysis, 2021.”
Acrylic Adhesives Dominated the Middle East & Africa Industrial Adhesives & Sealants Market
Based on the Product Type, the market bifurcates into Acrylic Adhesives, Silicone, Polyurethanes, Epoxy, Polyvinyl Acetate, and Acrylic Sealants. Among these segments, the Acrylic Adhesives captured the significant market share in the Middle East & Africa Industrial Adhesives & Sealants Market in the past few years. The demand for acrylic adhesives is soaring due to their various benefits, such as good resistance to the varying temperature range, oxidation, and UV light. Moreover, if incorrectly applied, they can easily be removed and reinstalled. Hence, the properties exhibited by the acrylic adhesives lead to boost the overall market growth.
Regional Landscape
Saudi Arabia Attained the Highest Share of the Middle East & Africa Industrial Adhesives & Sealants Market
Among all the Middle East & African countries, Saudi Arabia held the largest share in the Middle East & Africa Industrial Adhesives & Sealants Market in the previous few years, owing to the increasing number of construction activities. In addition to this, burgeoning demand for packaged consumer food also aids the need for adhesives in the packaging industry, thereby driving the market growth in Saudi Arabia.
Market Driver
Rising Demand from Developing Countries to Boost the Market Growth
The rapidly increasing construction industry, automotive industry, and packaging materials in developing countries fuel the demand for adhesives & sealants in these industries. Further, the rising middle-class population and rapid urbanization also lead to augment the need for adhesives & sealants in the infrastructure & construction activities, thereby propelling the overall market growth.
Market Challenge
The abundance of Chemicals Used in Adhesives and Sealants
A massive amount of chemicals used while producing adhesives and sealants are harmful & hazardous to health if inhaled. Hence, regulations imposed while using adhesives & sealants are strict, thereby hindering the market growth.
Competitive Landscape
According to MarkNtel Advisors, the major leading players in the Middle East & Africa Industrial Adhesives & Sealant 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, and Huntsman International LLC.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The Middle East & Africa Industrial Adhesives & Sealant Market is forecast to grow at a CAGR of 6.7% during 2021-26.
A. 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, are a few leading players in the Middle East & Africa Industrial Adhesives & Sealant Market
A. The Acrylic Adhesive is likely to attain the highest CAGR during the forecast period and maintain its significant market share.
A. Saudi Arabia continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Middle East & Africa Industrial Adhesives & Sealant Market.
A. The rapidly growing construction industry, infrastructural development, and rising adoption of new design techniques & technologies are the major factors fueling the growth of the Industrial Adhesives & Sealants in the Middle East & Africa Region.
A. The widespread pandemic has negatively impacted the growth of the Middle East & Africa Industrial Adhesives & Sealant Market due to disruption in supply chain & logistics owing to the scarcity of human power and varying demand for the product.
