Market Size of Middle East and Africa Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.30 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Adhesives Market Analysis
The Middle East and Africa Adhesives Market is likely to be valued at around USD 3,600 million by the end of this year. The market is projected to register a CAGR of 6.3% during the forecast period. The COVID pandemic negatively affected the market for adhesives in the region. However, post-COVID pandemic, the rising demand from the construction, packaging, and healthcare industries is expected to revive the region's adhesive market.
- The increasing application in the packaging industry and growing demand from the construction industry extensively drive the demand for adhesives. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to adhesives.
- In the studied market, water-borne dominates the adhesive technology segment.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives market.
- Saudi Arabia is be the largest market for adhesive in the region, where consumption is mainly driven by the end-user industries, such as construction, healthcare, and packaging.
MEA Adhesives Industry Segmentation
Adhesives are made from a combination of resins, additives, and solvents. The composition of the resins and additives entirely depends on the end-user industry in which they are used. The adhesives market is segmented by resin type, technology, end-user industry, and geography. By resin type, the market is segmented into acrylic, cyanoacrylate, epoxy, polyurethane, silicone, VAE/EVA, and Other resins. By technology, the market is segmented into the hot melt, reactive, solvent-borne, UV cured, water-borne, and solvent-borne, and by end-user Industry, the market is segmented into aerospace, automotive, building and construction, footwear and leather, healthcare, packaging, woodworking and joinery, and other end-user industries. The report also covers the market size and forecasts for the market in three countries across the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).
| Resin | |
| Acrylic | |
| Cyanoacrylate | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| VAE/EVA | |
| Other Resins |
| Technology | |
| Hot Melt | |
| Reactive | |
| Solvent-borne | |
| UV Cured | |
| Water-borne |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Footwear and Leather | |
| Healthcare | |
| Packaging | |
| Woodworking and Joinery | |
| Other End-user Industries |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle East and Africa Adhesives Market Size Summary
The Middle East and Africa adhesives market is poised for significant growth, driven by increasing demand from the construction, packaging, and healthcare sectors. The market, which experienced a downturn due to the COVID-19 pandemic, is expected to recover as these industries expand. The packaging segment, in particular, is the largest consumer of adhesives, fueled by the rising demand for packaged goods in sectors such as food and beverages, cosmetics, and consumer goods. The growth of e-commerce, especially in countries like Saudi Arabia and South Africa, is further propelling the need for adhesives in packaging applications. Despite the positive outlook, the market faces challenges from environmental concerns and regulations regarding VOC emissions.
Saudi Arabia stands out as the largest market for adhesives in the region, with substantial consumption driven by extensive construction projects and a burgeoning packaging industry. The country's ambitious development initiatives, such as the Neom project and various luxury tourism destinations, are expected to significantly boost the demand for adhesives in construction applications. Additionally, investments in electric vehicles and the expansion of the aviation sector are likely to increase the demand for automotive and aerospace adhesives. The market is characterized by consolidation, with major players like Arkema Group, Henkel AG & Co. KGaA, H.B. Fuller Company, and Dow leading the industry. Strategic agreements and expansions, such as H.B. Fuller's new facility in Egypt, highlight the ongoing efforts to strengthen market presence and meet the growing demand across the region.
Middle East and Africa Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from the Construction Industry in Saudi Arabia
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1.1.2 Growing Usage in the Packaging Industry
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1.2 Restraints
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1.2.1 The Rising environmental concerns
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1.2.2 Other Restrains
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Resin
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2.1.1 Acrylic
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2.1.2 Cyanoacrylate
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2.1.3 Epoxy
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2.1.4 Polyurethane
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2.1.5 Silicone
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2.1.6 VAE/EVA
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2.1.7 Other Resins
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2.2 Technology
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2.2.1 Hot Melt
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2.2.2 Reactive
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2.2.3 Solvent-borne
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2.2.4 UV Cured
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2.2.5 Water-borne
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2.3 End-user Industry
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2.3.1 Aerospace
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2.3.2 Automotive
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2.3.3 Building and Construction
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2.3.4 Footwear and Leather
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2.3.5 Healthcare
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2.3.6 Packaging
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2.3.7 Woodworking and Joinery
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2.3.8 Other End-user Industries
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2.4 Geography
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2.4.1 Saudi Arabia
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2.4.2 South Africa
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2.4.3 Rest of Middle-East and Africa
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Middle East and Africa Adhesives Market Size FAQs
What is the current Middle East and Africa Adhesives Market size?
The Middle East and Africa Adhesives Market is projected to register a CAGR of greater than 6.30% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Adhesives Market?
Arkema Group, Dow, Henkel AG & Co. KGaA, H.B. Fuller Company and The Industrial Group Ltd. are the major companies operating in the Middle East and Africa Adhesives Market.
