MEA Hot-Melt Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Hot-Melt Adhesives Market Analysis
The Middle-East and Africa hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 5.5%, over the forecast period. Increasing usage as substitute for solvent-borne adhesives and escalating demand for fuel-efficient and lightweight vehicles are expected to drive the market during the forecast period.
- Stringent environmental regulations regarding VOC emissions and rise in prices of raw materials are likely to hinder the market's growth.
- Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
- South Africa is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
MEA Hot-Melt Adhesives Market Trends
This section covers the major market trends shaping the MEA Hot-Melt Adhesives Market according to our research experts:
Rising Demand from Paper, Board and Packaging Industry
- An extremely high proportion of all industrial products are sold in packaging - either due to stability requirements for storage and transport or for aesthetic reasons.
- Hot-melt adhesives are mainstream adhesives in the paper, board, and packaging industry. It is most widely used for carton closing, sealing, and pallet stabilization.
- Applications of hot-melt adhesives range from corrugated box construction and lamination of printed sheets, to packaging materials used for all types of consumer products and the production of large industrial tubes and cores.
- Although normal envelopes and paper bags consist of just a single layer of material, most packaging materials used nowadays are of different materials laminated together.
- The most crucial market for hot-melt adhesives has been packaging. The production of tapes and labels has been experiencing immense growth. The improvement in living standards and higher incomes, especially in developing countries, have increased the demand for a broad range of products, all of which require packaging. Moreover, the growing market for e-commerce and online purchasing is providing huge support and opportunities to the hot-melt adhesives market.
- Most of the demand for packaging is from the food and beverage industry. On the other hand, healthcare products are the largest users of folding cartons. These end-user segments are likely to boost the demand for PU hot-melt adhesives in the coming years.
- The aforementioned factors have been boosting the demand for hot-melt adhesives, in the recent times.
South Africa to Dominate the Market
- South Africa is the largest automotive manufacturer in Africa. In recent years, many vehicle manufacturers have increased their production and export from the South African operations, on the back of incentives that were offered as part of the government's Automotive Production and Development Plan (APDP).
- The building & construction industry in South Africa has a positive outlook, despite the decline in the market. The increase in demand for housing and the growth in new residents in urban areas has led to increase in new constructions. The government's National Infrastructural Plan is supporting this growth with new projects in the near future.
- The electronics market in South Africa slowed down, due to a lack of government support and unfair import duties on many electro-mechanical components and switches. The market potential for this electronics market is higher, with quality products, until major supportive plans by government or FDI are implemented and the demand for production increases.
- Owing to all the above-mentioned factors, the market for hot-melt adhesives in the country is expected to increase during the forecast period.
MEA Hot-Melt Adhesives Industry Overview
The Middle-East and Africa hot-melt adhesives market is partially consolidated in nature. Key players in the market include Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat, and Sika AG, among others.
MEA Hot-Melt Adhesives Market Leaders
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Jowat
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Arkema Group
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Henkel AG & Co. KGaA
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Sika AG
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H.B. Fuller Company
*Disclaimer: Major Players sorted in no particular order
MEA Hot-Melt Adhesives Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Usage as Substitute for Solvent-borne Adhesives
- 4.1.2 Escalating Demand for Fuel-efficient and Lightweight Vehicles
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4.2 Restraints
- 4.2.1 Stringent Environmental Regulations Regarding VOC Emissions
- 4.2.2 Rise in Prices of Raw Materials
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Resin Type
- 5.1.1 Ethylene Vinyl Acetate
- 5.1.2 Styrenic-butadiene Copolymers
- 5.1.3 Thermoplastic Polyurethane
- 5.1.4 Other Resin Types
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5.2 End-user Industry
- 5.2.1 Building and Construction
- 5.2.2 Paper, Board, and Packaging
- 5.2.3 Woodworking and Joinery
- 5.2.4 Transportation
- 5.2.5 Footwear and Leather
- 5.2.6 Healthcare
- 5.2.7 Electronics
- 5.2.8 Other End-user Industries
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5.3 Geography
- 5.3.1 Saudi Arabia
- 5.3.2 South Africa
- 5.3.3 United Arab Emirates
- 5.3.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share Analysis**
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Ashland
- 6.4.4 Avery Dennison Corporation
- 6.4.5 Beardow & Adams
- 6.4.6 Dow
- 6.4.7 H.B. Fuller Company
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 Hexcel Corporation
- 6.4.10 Huntsman Corporation LLC
- 6.4.11 Jowat
- 6.4.12 Paramelt BV
- 6.4.13 Sika AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Adoption of Bio-Based Hot-melt Adhesives
MEA Hot-Melt Adhesives Industry Segmentation
The Middle-East and Africa hot-melt adhesives market report includes:
| Resin Type | Ethylene Vinyl Acetate |
| Styrenic-butadiene Copolymers | |
| Thermoplastic Polyurethane | |
| Other Resin Types | |
| End-user Industry | Building and Construction |
| Paper, Board, and Packaging | |
| Woodworking and Joinery | |
| Transportation | |
| Footwear and Leather | |
| Healthcare | |
| Electronics | |
| Other End-user Industries | |
| Geography | Saudi Arabia |
| South Africa | |
| United Arab Emirates | |
| Rest of Middle-East and Africa |
MEA Hot-Melt Adhesives Market Research FAQs
What is the current Middle-East and Africa Hot-melt Adhesives Market size?
The Middle-East and Africa Hot-melt Adhesives Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Hot-melt Adhesives Market?
Jowat, Arkema Group, Henkel AG & Co. KGaA, Sika AG and H.B. Fuller Company are the major companies operating in the Middle-East and Africa Hot-melt Adhesives Market.
What years does this Middle-East and Africa Hot-melt Adhesives Market cover?
The report covers the Middle-East and Africa Hot-melt Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Hot-melt Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Hot-melt Adhesives Industry Report
Statistics for the 2024 Middle-East and Africa Hot-melt Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Hot-melt Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
