Middle East & Africa Waterborne Adhesives Market - Segmented by Type, Application, End-user Industry, Polymer, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The Middle East & African waterborne adhesives market in expected to witness a CAGR of 6.2% during the forecast period (2018 - 2023). Increased investments in infrastructure and transportation activities have driven the waterborne adhesive market in this region. An estimated USD 4.3 trillion is tipped to be invested in the Middle East & Africa by 2020, across various mega projects. Driven by these projects, the demand for construction, chemicals and materials, which also include paints, coatings, concrete admixtures, flooring compounds, waterproofing compounds, and adhesives and sealants, has increased.
Increased Construction Activity Leads to High Demand in Flooring and Construction Applications
High construction activity in the Middle East & African region has led to heightened requirement for waterborne adhesives. Also, the assembly and manufacturing of equipment has boosted the growth of this market. The population of the GCC rose by almost 20% – more than six times the rate of growth in the United Kingdom or United States (2.9% and 2.7%, respectively). This increase in the population on the Middle East has forced the government to increase spending on the construction industry. Saudi Arabia, Qatar, and UAE are the fastest growing counties when it comes to construction activities and that makes them an important market for waterborne adhesives.
UAE is the Fastest Growing Market in Middle East & Africa region
UAE is a hot tourist destination, making better and improving infrastructure and transportation a top priority. This is the driving force for the growth of UAE as a leading country for waterborne adhesives in the Middle East & African region. UAE consists of some of the world’s fastest growing cities like Abu Dhabi and Dubai. Both the cities were ranked amongst the top five cities in the world. Infrastructural demand in these cities is the reason for the growing market size in UAE.
Major Players: XCHEM International LLC, Eagle Chemicals, The Dow Chemical Co., 3M, Henkel AG & Co. KGaA, Wacker Chemie AG, Sika AG, Bostik SA, Jowat Middle East FZE, and MAPEI, among others.
March 2017: Adhesive supplier H.B. Fuller opens in Dubai. H.B. Fuller serves customers in more than 100 countries across a variety of markets, offers solutions for the hygiene, construction, oil and gas, packaging, graphic arts, filtration, and the tapes and labels markets, with a focused approach for the Middle East and Egypt regions.
August 2017: Sika has announced that it acquired the Istanbul-based ABC Sealants.
Reasons to Purchase the Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
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