Middle East & Africa Adhesives and Lubricants Market
The adhesives market in Middle East & Africa is expected to be valued at USD XX million and XX thousand tons’ volume in 2016 and is likely to reach USD XX and XX million volume by 2021, at an estimated CAGR of XX% (in terms of revenue) and XX% (in terms of volume), respectively, during the forecast period, 2016 to 2021. The sealants market in Middle East & Africa is expected to value at USD XX million and XX thousand tons’ volume in 2016 and is likely to reach USD XX and XX million volume by 2021, at an estimated CAGR of XX% (in terms of revenue) and XX% (in terms of volume), respectively, during the forecast period, 2016 to 2021.
Adhesives and sealants are often grouped together, as they both are applied to the surfaces of materials to adhere and seal them together. They are available in liquid form, which is viscous in nature, with no or little flow characteristics. Adhesives are majorly chosen for their bonding and holding power and have high tensile and shear strength. Adhesives are two varieties - structural adhesives (strength is vital for the success of the assembly) and non-structural adhesives (have low strength and are used to bond weak substrates and for temporary fastening). However, sealants are mostly selected for their ability to resist relative movement of the substrates, fill gaps, and contain or exclude another material. They have less strength compared to adhesives, however, are more flexible in nature.
The market is driven by many factors, such as the accelerating demand from the automotive industry, shifting focus towards composites, and strong demand from the well-established construction industry in the region. However, this market faces certain drawbacks, such as stringent environmental regulations regarding VOC emissions, and volatility in raw material prices. These factors may act as a roadblock to the growth of the market.
Adhesives and sealants, owing to their ability to bind different materials together by distributing stress more efficiently across the joints, are becoming an integral part of various commercial and industrial sectors. In the Middle East & Africa adhesives and sealants market report, we have considered the following major end-user sectors - building & construction, paper, board, & packaging, transportation, woodworking & joinery, footwear & leather, healthcare, electrical & electronics and others. The paper, board, & packaging segment accounted for XX% market share, while building and construction segment accounted for XX%, in 2016, as shown below:
The Middle East & Africa adhesives market, by technology, can be broadly segmented into water-borne adhesives, solvent-borne adhesives, reactive adhesives, hot melts adhesives, and others, which are further sub-segmented. The Middle East & Africa sealants market, by product type, can be broadly segmented into silicone sealants, polyurethane sealants, acrylic sealants and polyvinyl acetate sealants. The pressure sensitive adhesives segment has been segmented by technology, application, resins and the mode of application into corresponding sub-segments. The Middle East & African countries considered in the study are Saudi Arabia, Qatar, Bahrain, South Africa, Egypt, etc.
Opportunities and Major Players
The adhesives and sealants market in Middle East & Africa is expected to grow at a substantial pace owing to the shifting consumer focus towards flexible packaging and huge infrastructural investments in Africa, which are expected to boost the demand for adhesives & sealants in the region. These factors are expected to offer excellent opportunities for the growth of market during the forecast period.
Some of the major companies dominating this market for its products, services, and continuous product development are:
3M Dow Chemicals Henkel AG & Co. KGaA H.B. Fuller Huntsman Corp. Key Deliverables in the Study
Market analysis for the Middle East & Africa adhesives and sealants market, with region-specific assessments and competition analysis on a reginal scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share. Identification and analysis of the macro and micro factors that affect the Middle East and Africa adhesives and sealants market on a regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is growing and identify the regions that are still untapped.