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Middle East and Africa adhesives and sealants market illuminated by new report

Materials & Chemicals Research

This report helps to analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Middle East and Africa Adhesives and Sealants Market.

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The Middle East & Africa Adhesive… Sealants Market is expected to register a CAGR of 5.11% (in terms of value) and 4.39% (in terms of volume) during the forecast period, 2018 to 2023. Saudi Arabia accounted for the largest market, holding almost 29% of the global market share in 2017.

Accelerating Demand from Automotive Industry

Unlike traditional manufacturing methods, adhesives offer the advantage of flexibility during the production process of automotive components. In addition, they also aid in reducing the processing and set up time, as they can be applied easily and at a relatively high speed.

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Furthermore, it has been observed that during new car assessment programs and crash tests, vehicles bonded with adhesives perform better, compared to welded vehicles, as they do not affect the substrate used in the automobile assembly. Moreover, the recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel efficient vehicles.

In Africa, automotive production increased by 7.9% in 2016 from 2015. Such positive growth is expected to drive the market through the forecast period.

Silicone Sealants – one of the fastest growing segment

Silicones are versatile polymers. These are designed to provide permanent and temporary bonding to the surfaces, such as glass, metal and stone.

The nature of bonding depends on the application for which it is used. These sealants effectively work under harsh environments of temperature range, abrasion and climatic change.

Hence, they are water, chemical and temperature resistant, flexible, and they deliver outstanding performance. Furthermore, these sealants are transparent, permeable to gas and water vapor, and they provide thermal and electrical conductivity.

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Silicone sealants are used in numerous applications owing to the excellent properties that they offer. The major end-user industries for these sealants are electronics & electrical, automotive, aerospace, and building & construction.

The usage is increasing in countries such as UAE, Jordon, and Kuwait., owing to the rising construction and infrastructure projects in these countries. Additionally, sale of electronic products are also increasing, in turn augmenting the usage of silicone in the region.

Saudi Arabia is the Largest Consumer

The government’s 10th development plan has supported investments in sectors such as healthcare, housing projects, construction & maintenance in the oil & gas sector and so on. The population of the country is also increasing at a good rate, which has also increased the demand for houses in the country.

These growth plans are expected to grow at a faster rate during the forecast period, which is also expected to drive the market for adhesives and sealants. The electronics market in Saudi Arabia slowed down in the recent past, but has good market potential owing to rising population and demand for electronic goods such as smartphones, LED & LCD TVs, tablets, electrical machines & equipment, and washing machines.

Moreover, the packaging industry in Saudi Arabia is the key driver for the market of adhesives and sealants. They have multiple applications in the packaging sector such as sealing, bonding, and labeling.

The food packaging market is growing with increasing population and accelerating demand for hygienic products. The growth of these industries is expected to increase during the forecast period, which in turn will propel the adhesives and sealants market in the country.

 

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Key Developments in the Market

  • November 2017: Sika AG acquired the Istanbul-based ABC Sealants
  • May 2017: H.B. Fuller to acquire Royal Adhesives & Sealants

The MAJOR KEY PLAYERS IN THE MARKET ARE

3M CO., SIKA AG, ALFA INTERNATIONAL CORPORATION, ARKEMA GROUP (BOSTIK SA), HUNTSMAN CORP., DOWDUPONT, H.B. FULLER CO., and HENKEL AG & CO.

KGAA; while other players in the market include LORD CORP., MAPEI SPA, PIDILITE INDUSTRIES LTD., CYBERBOND LLC, VOELKEL INDUSTRIAL PRODUCTS LLC, DUBAI ADHESIVE MATERIAL FACTORY LLC, TAWAZON CHEMICAL COMPANY LLC, and SAVETO.

Reasons to Access this Report

  • Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
  • Various market perspectives, with the help of Porter’s five forces analysis
  • Regions or countries that are expected to witness the fastest growth during the forecast period
  • Information about the product type, technology, and end-user industry which is going to dominate the market over the forecast period, Continued…

Customization of the Report

This report can be customized to meet your requirements.

 

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Table of Content:         

  1. Introduction

1.1 Research Methodology

1.2 Scope of the Study

  1. Executive Summary
  1. Market Insights

3.1 Industry Value Chain Analysis

3.2 Industry Attractiveness - Porter's Five Forces Analysis

3.2.1 Bargaining Power of Suppliers

3.2.2 Bargaining Power of Consumers

3.2.3 Threat of New Entrants

3.2.4 Threat of Substitute Products and Services

3.2.5 Degree of Competition

  1. Market Dynamics

4.1 Drivers

4.1.1 Shifting Focus toward Composites

4.1.2 Accelerating Demand from the Automotive Industry

4.1.3 Huge Infrastructural Investments Boosting the Demand for Adhesives and Sealants in the Region

4.2 Constraints

4.2.1 Stringent Environmental Regulations Regarding VOC Emissions

4.3 Opportunities, Continued…

  1. Market Segmentation and Analysis

5.1 Adhesive, by Technology

5.1.1 Water-Borne

5.1.1.1 Acrylics

5.1.1.2 Polyvinyl Acetate (PVA) Emulsion

5.1.1.3 Ethylene Vinyl Acetate (EVA) Emulsion

5.1.1.4 Polyurethane Dispersions & CR (Chloroprene Rubber) Latex

5.1.1.5 Others

5.1.2 Solvent-Borne

5.1.2.1 Styrene-Butadiene Rubber (SBR)

5.1.2.2 Chloroprene Rubber

5.1.2.3 Poly Acrylate (PA)

5.1.2.4 Others

5.1.2 Solvent-Borne

5.1.2.1 Styrene-Butadiene Rubber (SBR)

5.1.2.2 Chloroprene Rubber

5.1.2.3 Poly Acrylate (PA)

5.1.2.4 Others, Continued…

 

  1. Regional Market Analysis (Market Size, Growth and Forecast)

6.1 Saudi Arabia

6.2 UAE

6.3 Qatar

6.4 Bahrain

6.5 Egypt, Continued…

  1. Competitive Landscape

7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

7.3 Market Shares Analysis*

7.4 Strategies Adopted by Leading Players

  1. Company Profiles (Overview, Financials*, Products & Services, Recent Developments, and Analyst View)

8.1 3M

8.2 Al Mehraj Adhesives

8.3 Alfa International Corporation

8.4 Arkema Group (Bostik SA)

8.5 Beardow & Adams (Adhesives) Ltd

8.6 Cyberbond LLC

8.7 Dow Chemical Co., Continued…

  1. Disclaimer

 

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