Market Research Report

Saudi Arabia Construction Sealants & Adhesives Market Research Report: Forecast (2023-2028)

By Sealants Type (Silicone, Polyurethane, Emulsion, Polysulfide), By Adhesive Technology (Water-based, Solvent-based, Hot-melt, Reactive), By Application (Bonding, Protection, Insu...lation, Cable Management, Sound Proofing, Others), By End Users (Residential, Commercial, Industrial), By Region (West, East, Central, South), By Company (BASF S.E., Dow Chemicals, DuPont, Fafa Adhesive & Labeling Company, 3M Company, Nordson Corporation, Polywed Construction Chemicals, Sika AG, Saveto, SAAF Technology Co. Ltd., Others) Read more

  • Buildings, Construction, Metals & Mining
  • Aug 2023
  • 103
  • BM33010

Market Definition

Sealants & adhesives are essential materials used in the building or construction industry to create strong bonds & effective seals between various surfaces. They serve the dual purpose of joining different materials together, such as metals, glass, concrete, wood, and plastics, while also providing resistance against moisture, air infiltration, dust, and other environmental factors. These versatile products play a pivotal role in ensuring structural integrity, preventing leaks, and enhancing energy efficiency in buildings, making them vital components in modern construction projects.

Market Insights & Analysis: Saudi Arabia Construction Sealants & Adhesives Market (2023-28):

The Saudi Arabia Construction Sealants & Adhesives Market size was valued at USD 16.3 billion in 2022 & is estimated to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. This can be attributed to the thriving investments by the government to expand infrastructure & develop smart cities, the growing tourism sector, and the rising number of hospitals & clinics.

Most of the market expansion is primarily due to a massive upsurge in the population & urban development, especially in developing areas. This has led to rising demand for residential buildings, including permanent housing, in Saudi Arabia, which has contributed to enhancing the market share.

Report Coverage Details
Study Period Historical Data: 2018-21
Base Year: 2022
Forecast Period: 2023-28
CAGR (2023-2028) 5.1%
Region Cover Central, East, West, South
Key Companies Profiled BASF S.E., Dow Chemicals, DuPont, Fafa Adhesive & Labeling Company, 3M Company, Nordson Corporation, Polywed Construction Chemicals, Sika AG, Saveto, SAAF Technology Co. Ltd., Others
Market Value (2022) USD 16.3 Billion

 

Apart from this, the country's booming construction industry, the rise in infrastructure projects, and the growing demand for advanced construction materials are also contributing to the overall market growth in the foreseeable future. For instance:

  • In June 2023, KPM Engineering, a company based in Dubai, has exciting plans for growth in Saudi Arabia. They aim to expand the Kingdom's share in their GCC project portfolio from 30% to an ambitious 50% by 2023. To achieve this, they have extended their global team by more than 50% after successfully securing key projects in Saudi Arabia.

Hence, the construction industry is all set to amplify in the approaching years, which, in turn, would boost demand for sealants & adhesives, enabling the Saudi Arabia Construction Sealants & Adhesives Market to upscale at a moderate rate.

Saudi Arabia Construction Sealants & Adhesives Market Driver:

Exponential Increase in the Demand for Energy-efficient Buildings – The Saudi Arabian government has taken a strong stance on decreasing energy usage, and they have an effective plan in place. One vital aspect of this plan is promoting the construction of energy-efficient buildings. To achieve this, the use of sealants & adhesives is rapidly rising since they are envisioned to play a significant role in enhancing building energy efficiency, thus driving market growth.


Saudi Arabia Construction Sealants & Adhesives Market Research Report: Forecast (2023-2028)

Moreover, by sealing leaks & preventing air infiltration, these materials contribute to lower heating & cooling expenses for buildings, which would further support the Saudi Arabia Construction Sealants & Adhesives Market growth in the future years as well.

Saudi Arabia Construction Sealants & Adhesives Market Opportunity:

Growing Prevalence of the Tourism Sector to Offer Growth Opportunities – The surge in Saudi Arabia's tourism sector has resulted in the development of numerous hotels & resorts across the country, which is creating growth opportunities for the Saudi Arabia Construction Sealants & Adhesives Market. The appropriate sealants & adhesives are massively utilized to ensure the longevity & robustness of these structures.

Waterproofing sealants, tile & material bonding adhesives, and sealants for joint & crack sealing all contribute to the overall durability & quality of these new establishments, making them reliable & enjoyable destinations for tourists & visitors alike. Owing to these ongoing constructions to meet the demand of the tourism industry, leading players are multiplying their production of sealants & adhesives and are contributing to the expansion of the market.

Saudi Arabia Construction Sealants & Adhesives Market Challenge:

Unstable Raw Material Prices to Act as a Major Market Challenge – The prices of raw materials such as polymers, resins, and solvents used in the production of sealants & adhesives can fluctuate due to several factors, such as global supply & demand shifts, instabilities in oil prices, and changes in government regulations. For this reason, manufacturers often struggle to establish stable prices & maintain profitability. As a result, this volatility in the cost of raw materials can ultimately affect the overall cost of the final product & would create a challenge for the Saudi Arabia Construction Sealants & Adhesives Market to upscale.

Saudi Arabia Construction Sealants & Adhesives Market (2023-28): Segmentation Analysis

The Saudi Arabia Construction Sealants & Adhesives Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment & includes predictions for the period 2023–2028 at the national levels. Based on the analysis, the market has been further classified as:

By Sealants Type

  • Silicone
  • Polyurethane
  • Emulsion
  • Polysulfide

Silicone holds the plurality of the Saudi Arabia Construction Sealants & Adhesives Market Share since these are resin-based sealants that are widely applied for both interior & exterior purposes. In addition, it is gaining significant momentum in terms of demand due to its outstanding sheer strength, high impact resistance, and widespread adoption in the building & construction industry. Considering these factors, silicone sealant is the fastest-growing resin category that is anticipated to experience remarkable expansion in the foreseeable future.

By End Users

  • Residential
  • Commercial
  • Industrial

The Residential sector is more likely to contribute mainly to the Saudi Arabia Construction Sealants & Adhesives Market growth owing to the country's government's heavy investment in the construction sector, particularly in affordable housing. As a result, the demand for sealants & adhesives in residential projects is propelling. This growth is backed by the country's rising population, leading to a higher demand for housing.

As new homes are built to accommodate this growth, the need for sealants & adhesives to seal joints & cracks would become more crucial. Furthermore, the higher disposable incomes of the natives of the country are inclining towards investing in new homes & renovations, enabling the market to witness a considerable expansion during the forecast years.

Gain a Competitive Edge with Our Saudi Arabia Construction Sealants & Adhesives Market Report

  1. Saudi Arabia Construction Sealants & Adhesives Market Report by Markntel Advisors provides a detailed & thorough analysis of market size, growth rate, competitive landscape, and key players. This comprehensive analysis helps businesses gain a holistic understanding of the market dynamics & make informed decisions.
  2. This report also highlights current market trends & future projections, allowing businesses to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  3. Saudi Arabia Construction Sealants & Adhesives Market Report aids in assessing & mitigating risks associated with entering or operating in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, businesses can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Saudi Arabia Construction Sealants & Adhesives Market is expected to grow at a compound annual growth rate (CAGR) of around 5.1% from 2023 to 2028.

   A. The Saudi Arabia Construction Sealants & Adhesives Market size was estimated at around USD 16.3 billion in 2022.

   A. An exponential increase in the demand for energy-efficient buildings is more likely to drive the Saudi Arabia Construction Sealants & Adhesives Market during 2023-28.

   A. 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., and others.

   A. Silicone holds the potential share of the Saudi Arabia Construction Sealants & Adhesives Market.

   A. The growing prevalence of the tourism sector in the region is more likely to act as a growth opportunity in driving the Saudi Arabia Construction Sealants & Adhesives Market.

Saudi Arabia Construction Sealants & Adhesives Market Research Report (2023-2028) - Table of Contents

 

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Preface
  4. Executive Summary
  5. Saudi Arabia Construction Sealants & Adhesives Market Policies and Standards
  6. Saudi Arabia Construction Sealants & Adhesives Market Trends & Developments
  7. Saudi Arabia Construction Sealants & Adhesives Market Dynamics
    1. Growth Drivers
    2. Challenges
  8. Saudi Arabia Construction Sealants & Adhesives Market Hotspot & Opportunities
  9. Saudi Arabia Construction Sealants & Adhesives Market Supply Chain Analysis
  10. Saudi Arabia Construction Sealants & Adhesives Market Outlook, 2018-2028
    1. Market Size & Analysis
      1. By Revenues (USD Million)
    2. Market Share & Analysis
      1. By Sealants Type
        1. Silicone
        2. Polyurethane
        3. Emulsion
        4. Polysulfide
      2. By Adhesive Technology
        1. Water-based
          1. Acrylic
          2. Polyvinyl Acetate (PVA) Emulsion
          3. Ethylene Vinyl Acetate (EVA) Emulsion
          4. Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
        2. Solvent-based
          1. Chloroprene Rubber
          2. Styrene Butadiene Rubber (SBR)
          3. Poly Acrylate (PA)
        3. Hot-melt
          1. Ethylene Vinyl Acetate
          2. Styrenic Block Copolymers
          3. Thermoplastic Polyurethane
        4. Reactive
          1. Polyurethane
          2. Epoxy
          3. Modified Acrylic
          4. Anaerobic
          5. Silicone
      3. By Application
        1. Bonding
        2. Protection
        3. Insulation
        4. Cable Management
        5. Sound Proofing
        6. Others (Glazing, Flooring & Joining, Sanitary & Kitchen, etc.)
      4. By End Users
        1. Residential
        2. Commercial
        3. Industrial
      5. By Region
        1. West
        2. East
        3. Central
        4. South
      6. By Company
        1. Competition Characteristics
        2. Market Share & Analysis
  11. Saudi Arabia Construction Sealants & Adhesives Market Key Strategic Imperatives for Success & Growth
  12. Competition Outlook
    1. Competition Matrix
      1. Product/ Solution Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. BASF S.E.
      2. Dow Chemicals
      3. DuPont
      4. Fafa Adhesive & Labeling Company
      5. 3M Company
      6. Nordson Corporation
      7. Polywed Construction Chemicals
      8. Sika AG
      9. Saveto
      10. SAAF Technology Co. Ltd.
      11. Others
  13. Disclaimer


Saudi Arabia Construction Sealants & Adhesives Market Segmentation