Market Size of Middle-East and Africa Electronics Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Electronics Adhesives Market Analysis
The Middle-East & Africa electronics adhesives market is expected to grow at with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing demand from the developing countries of the region. However, volatility in the raw material prices is hindering the growth of the market studied.
- Growing demand and penetration of electric vehicles is expected to provide a major growth opportunity for the market studied.
- Saudi Arabia accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
- Among the application areas, surface mounting is expected to dominate the market studied during the forecast period.
MEA Electronics Adhesives Industry Segmentation
The Middle-East & Africa Electronics Adhesives market report include:
| Resin Type | |
| Epoxy | |
| Acrylics | |
| Polyurethane | |
| Other Resin Types |
| Application | |
| Conformal Coatings | |
| Surface Mounting | |
| Encapsulation | |
| Wire Tacking | |
| Other Applications |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| United Arab Emirates | |
| Qatar | |
| Rest of Middle-East and Africa |
Middle-East and Africa Electronics Adhesives Market Size Summary
The Middle-East and Africa electronics adhesives market is poised for significant growth, driven primarily by increasing demand from developing countries within the region. The market is experiencing a surge in opportunities due to the rising adoption of electric vehicles, which is expected to bolster the demand for electronic adhesives. Saudi Arabia currently holds the largest market share and is anticipated to maintain its dominant position throughout the forecast period. The surface mounting application, also known as chip bonding, is projected to lead the market, utilizing primarily one-component systems made from materials such as acrylics, epoxies, or urethane acrylates. These adhesives are favored for their superior physical and chemical properties, including long shelf life, high wet strength, rapid curing, and flexibility, making them ideal for holding SMT components on substrates.
Despite the promising growth prospects, the market faces challenges such as volatility in raw material prices and unstable political conditions, which could potentially hinder its expansion. The demand for electronic adhesives is further fueled by the increasing focus on vehicle safety and entertainment in Saudi Arabia, which drives the usage of printed circuit boards. The market is moderately consolidated, with key players like Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and Arkema holding significant shares. These companies are instrumental in shaping the competitive landscape of the Middle-East and Africa electronics adhesives market, which is expected to continue its upward trajectory in the coming years.
Middle-East and Africa Electronics Adhesives Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Growing Demand from the developing countries of the Region
-
1.1.2 Other Drivers
-
-
1.2 Restraints
-
1.2.1 Volatility in Raw Material Prices
-
1.2.2 Globalization and Growing Operating Costs
-
1.2.3 Other Restraints
-
-
1.3 Industry Value-chain Analysis
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Resin Type
-
2.1.1 Epoxy
-
2.1.2 Acrylics
-
2.1.3 Polyurethane
-
2.1.4 Other Resin Types
-
-
2.2 Application
-
2.2.1 Conformal Coatings
-
2.2.2 Surface Mounting
-
2.2.3 Encapsulation
-
2.2.4 Wire Tacking
-
2.2.5 Other Applications
-
-
2.3 Geography
-
2.3.1 Saudi Arabia
-
2.3.2 South Africa
-
2.3.3 United Arab Emirates
-
2.3.4 Qatar
-
2.3.5 Rest of Middle-East and Africa
-
-
Middle-East and Africa Electronics Adhesives Market Size FAQs
What is the current Middle-East and Africa Electronics Adhesives Market size?
The Middle-East and Africa Electronics Adhesives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Electronics Adhesives Market?
Henkel AG & Co. KGaA , Dow, H.B. Fuller Company , 3M and Arkema are the major companies operating in the Middle-East and Africa Electronics Adhesives Market.
