Market Size of Middle-East and Africa Construction Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
MEA Construction Adhesives Market Analysis
The Middle-East and Africa construction adhesives market is expected to grow at with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the rapidly growing construction industry in the region.
- Growing demand from Insulation and Soundproofing industries is expected to provide a major growth opportunity for the market studied.
- Saudi Arabia accounted for the highest share of the market among the geographical segments and is likely to continue dominating the market during the forecast period.
- Among the technology, waterborne has accounted for the highest market share and is expected to dominate the market share during the forecast period.
MEA Construction Adhesives Industry Segmentation
The Middle-East and Africa construction adhesives market report includes:
Resin Type | |
Acrylics | |
Epoxy | |
Polyurethanes | |
Polyvinyl Acetate (PVA) | |
Silicones | |
Other Resin Types |
Technology | |
Water-borne | |
Reactive | |
Hot-melt | |
Other Technologies |
End-use Sector | |
Residential | |
Commercial | |
Infrastructure | |
Industrial |
Geography | |
Saudi Arabia | |
South Africa | |
Rest of Middle-East and Africa |
Middle-East and Africa Construction Adhesives Market Size Summary
The Middle-East and Africa construction adhesives market is poised for significant growth, driven by the burgeoning construction industry in the region. This expansion is further fueled by increasing demand from the insulation and soundproofing sectors, presenting substantial opportunities for market players. Saudi Arabia stands out as the leading country in terms of market share, largely due to its robust construction activities supported by substantial government investments and foreign direct investment inflows. The country's focus on boosting its tourism sector has led to numerous hotel projects, which in turn are expected to significantly enhance the demand for construction adhesives.
In terms of technology, waterborne adhesives are expected to maintain their dominance in the market. These adhesives, which utilize water as a carrier or diluting medium, are favored for their low volatile organic compound (VOC) content. They are derived from both synthetic and natural polymers, with acrylic and latex variants being particularly popular in the construction industry for applications such as tile bonding and laminating. The market is moderately consolidated, with key players like 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG holding significant shares. The ongoing growth in the construction sector across the Middle-East and Africa is anticipated to continue driving the demand for these adhesives in the coming years.
Middle-East and Africa Construction 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 Rapidly Growing Construction Industry
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1.2 Restraints
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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 Type
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2.1.1 Acrylics
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2.1.2 Epoxy
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2.1.3 Polyurethanes
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2.1.4 Polyvinyl Acetate (PVA)
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2.1.5 Silicones
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2.1.6 Other Resin Types
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2.2 Technology
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2.2.1 Water-borne
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2.2.2 Reactive
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2.2.3 Hot-melt
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2.2.4 Other Technologies
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2.3 End-use Sector
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2.3.1 Residential
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2.3.2 Commercial
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2.3.3 Infrastructure
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2.3.4 Industrial
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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 Construction Adhesives Market Size FAQs
What is the current Middle-East and Africa Construction Adhesives Market size?
The Middle-East and Africa Construction Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Construction Adhesives Market?
3M, H.B. Fuller Company , Dow, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Middle-East and Africa Construction Adhesives Market.