Market Size of Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Polyurethane Hot Melt Adhesive Market Analysis
The Middle-East and Africa polyurethane (PU) hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 6%, over the forecast period. Increasing demand from the packaging industry in the region and booming woodworking industry in the United Arab Emirates are expected to drive the market during the forecast period.
- 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 Polyurethane Hot Melt Adhesive Industry Segmentation
The Middle-East and Africa polyurethane (PU) hot-melt adhesives market report includes:
Type | |
Non-reactive | |
Reactive |
Application | |
Paper, Board, and Packaging | |
Healthcare | |
Automotive | |
Furniture (Woodworking) | |
Footwear | |
Textiles | |
Electrical and Electronics | |
Bookbinding | |
Other Applications |
Geography | |
Saudi Arabia | |
United Arab Emirates | |
South Africa | |
Rest of Middle-East and Africa |
Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market Size Summary
The Middle-East and Africa polyurethane hot-melt adhesives market is poised for substantial growth, driven by increasing demand from the packaging sector and a thriving woodworking industry in the United Arab Emirates. The market is also expected to benefit from the adoption of bio-based hot-melt adhesives, which are anticipated to create new growth opportunities. South Africa is projected to lead the market, experiencing the fastest growth rate during the forecast period. The versatility of polyurethane hot melts in various applications, such as automotive interior panels and lamination processes, contributes to their rising demand. These adhesives offer advantages like quick cooling, high temperature and climate resistance, and flexibility even at low temperatures, making them suitable for diverse bonding needs across different materials.
In South Africa, the automotive sector's expansion, supported by government incentives, and the positive outlook of the building and construction industry are key factors propelling the market for polyurethane hot-melt adhesives. Despite challenges in the electronics market, the potential for growth remains, with opportunities for quality products to meet demand. The market is partially consolidated, with major players like Jowat SE, Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA, and Sika AG playing significant roles. These factors collectively suggest a promising trajectory for the polyurethane hot-melt adhesives market in the region over the forecast period.
Middle-East and Africa Polyurethane (PU) 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 Demand from the Packaging Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Impact of COVID-19 Pandemic on Global Economy
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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 Type
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2.1.1 Non-reactive
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2.1.2 Reactive
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2.2 Application
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2.2.1 Paper, Board, and Packaging
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2.2.2 Healthcare
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2.2.3 Automotive
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2.2.4 Furniture (Woodworking)
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2.2.5 Footwear
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2.2.6 Textiles
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2.2.7 Electrical and Electronics
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2.2.8 Bookbinding
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2.2.9 Other Applications
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 United Arab Emirates
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2.3.3 South Africa
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2.3.4 Rest of Middle-East and Africa
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Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market Size FAQs
What is the current Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market size?
The Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market?
Arkema Group, H.B. Fuller Company, Henkel AG & Co. KGaA and Sika AG are the major companies operating in the Middle-East and Africa Polyurethane (PU) Hot-melt Adhesives Market.