Market Size of Middle-East and Africa Hot-melt Adhesives Industry
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 |
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 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 |
Middle-East and Africa Hot-melt Adhesives Market Size Summary
The Middle-East and Africa hot-melt adhesives market is poised for substantial growth, driven by the increasing preference for these adhesives as alternatives to solvent-borne options and the rising demand for fuel-efficient, lightweight vehicles. The market is expected to benefit from the adoption of bio-based hot-melt adhesives, which presents new growth opportunities. However, the market's expansion may be constrained by stringent environmental regulations concerning VOC emissions and the rising costs of raw materials. South Africa is anticipated to lead the market, experiencing the fastest growth rate during the forecast period, supported by its robust automotive manufacturing sector and positive outlook in the building and construction industry.
Hot-melt adhesives play a crucial role in the packaging industry, which remains the most significant market for these adhesives. Their applications are widespread, encompassing carton closing, sealing, and pallet stabilization, as well as packaging materials for consumer products and industrial tubes. The demand for hot-melt adhesives is particularly strong in the food and beverage sector, with healthcare products also being significant users. The growth of e-commerce and online purchasing further bolsters the market. Despite challenges in the electronics sector, South Africa's market for hot-melt adhesives is expected to grow, supported by government initiatives and increased construction activities. The market is partially consolidated, with key players including Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, Jowat, and Sika AG.
Middle-East and Africa Hot-melt 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 Increasing Usage as Substitute for Solvent-borne Adhesives
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1.1.2 Escalating Demand for Fuel-efficient and Lightweight Vehicles
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1.2 Restraints
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1.2.1 Stringent Environmental Regulations Regarding VOC Emissions
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1.2.2 Rise in Prices of Raw Materials
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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 Ethylene Vinyl Acetate
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2.1.2 Styrenic-butadiene Copolymers
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2.1.3 Thermoplastic Polyurethane
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2.1.4 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building and Construction
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2.2.2 Paper, Board, and Packaging
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2.2.3 Woodworking and Joinery
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2.2.4 Transportation
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2.2.5 Footwear and Leather
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2.2.6 Healthcare
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2.2.7 Electronics
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2.2.8 Other End-user Industries
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 South Africa
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2.3.3 United Arab Emirates
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2.3.4 Rest of Middle-East and Africa
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Middle-East and Africa Hot-melt Adhesives Market Size 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.