Saudi Arabia Construction Sealants & Adhesives

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

By Sealant Type (Silicone, Polyurethane, Emulsion, Polysulfide) By Adhesive Technology (Water-based (Acrylic, Polyvinyl Acetate (PVA) Emulsion, Ethylene Vinyl Acetate (EVA) Emulsion, Polyurethane Disp Read more

  • Buildings, Construction, Metals & Mining
  • Nov 2021
  • 103
  • BM33010

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.

Report Coverage Details
Study Period Historical Data: 2017-20
Base Year: 2021
Forecast Period: 2022-27
CAGR 4.8%
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., Techno Zone, Valve Serve
Unit Denominations USD Million/Billion

 

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

Market Segmentation

Based on the Sealant Type, the Saudi Arabia Construction Sealants & Adhesives Market segments into:

  • Silicone
  • Polyurethane
  • Emulsion
  • Polysulfide

Of them all, Silicone acquired the largest market share in recent years, primarily due to its extensive application across various construction activities, owing to its benefits like ultraviolet resistance, flexibility, durability, and temperature resistance. In addition, it observed a booming demand for glass & bonding on frames for structural support and air & weatherproofing at joints of structural components. Silicone helps prevent elements from inter-lock and sustaining the quality of the application. Hence, its demand has soared significantly in recent years across Saudi Arabia for various construction projects. 

On the other hand, the demand for Polyurethane is projected to witness the fastest growth in the forecast period. It owes mainly to its extensive application in both new construction & renovation projects. These sealants are available in single & multi-component formulations and provide improved adhesion & abrasion resistance than Silicone. Polyurethane offers excellent adhesion to diverse substrates like concrete, plastic, wood, & glass due to its elasticity & other structural properties. Hence, its demand is expected to witness substantial growth in the coming years, states MarkNtel Advisors in their research report, “Saudi Arabia Construction Sealants & Adhesives Market Analysis, 2022.”

Market Dynamics:

Key Driver

An increasing number of construction activities in the country remain a prominent aspect in driving the Saudi Arabia Sealants & Adhesives Market through 2027 and creating lucrative growth opportunities for the market players.

Growth Restraint

Fluctuating prices of raw materials like crude oil affecting the profitability & participation of market players might act as the most prominent factor that would hamper the Saudi Arabia Construction Sealants & Adhesives Market growth during 2022-27.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Saudi Arabia Construction Sealants & Adhesives Market?
  2. What is the industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Construction Sealants & Adhesives Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Saudi Arabia Construction Sealants & Adhesives Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Saudi Arabia Construction Sealants & Adhesives Market study?

Frequently Asked Questions

A. The Saudi Arabia Construction Sealants & Adhesives Market is likely to grow at a CAGR of around 4.8% during the forecast period, i.e., 2022-27.

A. The burgeoning demand for Polyurethane is projected to create lucrative growth opportunities for the leading players in the Saudi Arabia Construction Sealants & Adhesives Market through 2027.

A. Rapidly increasing number of construction activities due to increasing tourism and the rising government focus on infrastructure development shall drive the Saudi Arabia Construction Sealants & Adhesives Market in the years to come.

A. The Saudi Arabia Construction Sealants & Adhesives Market is anticipated to witness considerable growth over the forecast years due to the recommencement of construction projects and the availability of a balanced supply chain.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Market Segmentation
    4. Assumptions
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Saudi Arabia Construction Sealants & Adhesives Market
  5. Saudi Arabia Construction Sealants & Adhesives Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  6. Saudi Arabia Construction Sealants & Adhesives Market Policies and Standards
  7. Saudi Arabia Construction Sealants & Adhesives Market Trends & Insights
  8. Saudi Arabia Construction Sealants & Adhesives Market Hotspot & Opportunities
  9. Saudi Arabia Construction Sealants & Adhesives Market Key Strategic Imperatives for Success & Growth
  10. Saudi Arabia Construction Sealants & Adhesives Market Outlook, 2017-2027
    1. Market Size & Analysis
      1. By Revenues
    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 Company
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitor Placement in MarkNtel Quadrant
  11. 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. Techno Zone
      12. Valve Serve
      13. Others
  12. Disclaimer
Saudi Arabia Construction Sealants & Adhesives Market Segmentation