Increasing investment in the construction industry and growth in the automotive sector is the prominent factor propelling the growth of Saudi Arabia Adhesives and Sealant market during the forecast period. According to TechSci Research report, “Saudi Arabia Adhesives & Sealant Market –- By Competition Forecast & Opportunities, 2017-2030” Saudi Arabia Adhesives & Sealant Market is forecast to grow at an impressive CAGR of 6.79%.
The Important Factors of the Global Saudi Arabia Adhesives & Sealants Market
One of the primary reasons for the market’s inexorable expansion is the expanding construction industry in Saudi Arabia. Owing to several useful uses for adhesives and sealants in the healthcare industry as well as increased capacity utilization for residential adhesives and sealants, the growth of Saudi Arabia’s Adhesives and Sealant market has surged.
An effective replacement technology for primitive techniques of combining two different materials or surfaces has been discovered and is slowly gaining popularity in the market among a wide range of sectors across a plethora of industries. There has been an increase in demand for adhesives and sealants from a variety of industries, including furniture, building and construction, packaging, automotive, and DIY, among others, which suggests that the market will rise rapidly throughout the projection period.
The market for Saudi Arabia adhesives and sealants market is being supported by modifications in water-based and reactive-based technology, advancements in the working methodology to improve the production cycle of adhesives and sealants, and integration of their finished products in industries ranging from packaging to construction.
Browse over 18 market data Figures spread through 70 Pages and an in-depth TOC on “Saudi Arabia Adhesives & Sealant Market” @ https://www.techsciresearch.com/report/saudi-arabia-adhesives-and-sealants-market/14244.html
Saudi Arabia’s Adhesives market is segmented based on resin type, technology, and competitive landscape.
Based on resin type, the market can be segmented into polyurethane adhesives, vinyl adhesives, acrylic Adhesives, epoxy adhesives, silicone & modified silicone adhesives and sealants, polyurethane sealants, polysulfide sealants, cyanoacrylate, and others., and others. Polyurethane adhesives hold the largest share of demand, followed by vinyl adhesives. Based on technology, the market can be segmented into the water-based, solvent-based, hot melt, reactive, and others. The water-based adhesive segment held the largest share in 2021 owing to increased capacity utilization in the furniture industry.
Silicone-based sealants dominate the market, followed by polyurethane sealants. The majority of sealants’ market share is expected to remain with sealing applications during the forecast period.
Major market players operating in the Saudi Arabia Adhesives & Sealant Market are:
- Sika AG
- Huntsman Corporation
- H.B. Fuller
- Al Muqarram Industry
- 3M
- Henkel AG & Co. KGaA
- Laticrete
- Permabond Engineering Adhesives
- Anabond
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“40% of the demand for adhesives comes from the construction and packaging industries together. The usage of phenolic and amino adhesives as binders in wooden boards dominates the construction market. The most common product for adhesives in the packaging industry is corrugated boxes. Labels and pressure-sensitive tapes are significant goods in this market. The construction, consumer goods, transportation, industrial, aerospace, appliance, and electronics industries represent most of the sealant market. Construction is the largest market, followed by transportation and industry. Almost 70% of the market for sealants is made up of synthetic sealants. Polyurethanes and silicones dominate the synthetic sealant market, which is supported by a robust construction sector. Technological upgradation and staggering demand from the end-use industry are expected to fuel the Saudi Arabia Adhesives & Sealant Market growth till 2030”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Adhesives & Sealant Market By Resin Type (Polyurethane Adhesives, Vinyl Adhesives, Acrylic Adhesives & Sealants, Epoxy Adhesives, Silicone & Modified Silicone Adhesive and Sealants, Polyurethane Sealants, Polysulfide Sealants, Cyanoacrylate, and Others), By Technology (Water Based, Solvent Based, Hot Melt, Reactive, and Others), By End Use Industry (Furniture, Building & Construction, Packaging & Paper Related Products, Automotive, DIY, Aerospace, Defense and Others), By Sales Channel (B2B and B2C), By Region, Competition, Forecast & Opportunities, 2017-2030F”, has evaluated the future growth potential of Saudi Arabia Adhesives & Sealant Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Adhesives & Sealant Market.
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