MEA Reactive Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Reactive Adhesives Market Analysis
The Middle-East & Africa market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the rapid growth of solar electricity market in the region. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.
- Growing popularity of heat-resistant products 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 end-user industries, renewable energy industry dominated the market studied owing to the high demand from decking application.
MEA Reactive Adhesives Market Trends
This section covers the major market trends shaping the MEA Reactive Adhesives Market according to our research experts:
Renewable Energy Industry to Witness the Highest Growth Rate
- The consumption of wind energy has been significantly increasing in the Middle-East & Africa region in the past few years.
- Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- Hence, owing to the above-mentioned factors, renewable energy industry is likely to witness the highest growth rate during the forecast period.
Saudi Arabia to Dominate the Market
- Saudi Arabia accounts for the major share of the Middle-East & Africa Reactive Adhesives Market currently owing to the high demand from construction, aerospace, and electronics industry.
- The aircraft fleet in the Middle Eastern region is expected to be doubled in the next 10 years, owing to the increased air traffic, majorly from the Middle East to Africa. Infrastructure development and technological advances are primarily being focused by the Saudi Arabian aerospace industry to smoothen the market entry for multinational players into the country.
- Government and private investments in different sectors in the country have increased the industrial and commercial building and construction activity in the country which has boosted the demand for reactive adhesives in the country.
- Hence, owing to the above-mentioned reasons, Saudi Arabia is likely to dominate the market studied during the forecast period.
MEA Reactive Adhesives Industry Overview
The Middle-East & Africa reactive adhesives market is moderately fragmented as the market of the market share is divided among a large number of players. Some of the key players in the market include 3M, Collano AG, Arkema Group, Jowat SE, and Henkel AG & Co. KGaA, among others.
MEA Reactive Adhesives Market Leaders
-
3M
-
Collano AG
-
Arkema Group
-
HENKEL AG & Co. KGaA
-
Jowat SE
*Disclaimer: Major Players sorted in no particular order
MEA Reactive 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
-
4.1 Drivers
- 4.1.1 Rapid Growth of Solar Electricity Market
- 4.1.2 Other Drivers
-
4.2 Restraints
- 4.2.1 Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin
- 4.2.2 Other Restraints
- 4.3 Industry Value-chain Analysis
-
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
-
5.1 Resin Type
- 5.1.1 Polyurethane
- 5.1.2 Epoxy
- 5.1.3 Cyanoacrylate
- 5.1.4 Modified Acrylic
- 5.1.5 Anaerobic
- 5.1.6 Silicone
- 5.1.7 Other Resin Types
-
5.2 End-user Industry
- 5.2.1 Building & Construction
- 5.2.2 Renewable Energy
- 5.2.3 Transportation
- 5.2.4 Healthcare
- 5.2.5 Electronics
- 5.2.6 Aerospace
- 5.2.7 Sports & Leisure
- 5.2.8 Other End-user Industries
-
5.3 Geography
- 5.3.1 Saudi Arabia
- 5.3.2 South Africa
- 5.3.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share/Ranking Analysis**
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 3M
- 6.4.2 Arkema Group
- 6.4.3 Avery Dennison Corporation
- 6.4.4 Collano AG
- 6.4.5 Dow
- 6.4.6 Dymax Corporation
- 6.4.7 H.B. Fuller Company
- 6.4.8 Henkel AG & Co. KGaA
- 6.4.9 Hexion
- 6.4.10 Huntsman International LLC
- 6.4.11 Jowat SE
- 6.4.12 Sika AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Popularity of Heat-resistant Products
MEA Reactive Adhesives Industry Segmentation
The Middle-East & Africa Reactive Adhesives market report includes:
| Resin Type | Polyurethane |
| Epoxy | |
| Cyanoacrylate | |
| Modified Acrylic | |
| Anaerobic | |
| Silicone | |
| Other Resin Types | |
| End-user Industry | Building & Construction |
| Renewable Energy | |
| Transportation | |
| Healthcare | |
| Electronics | |
| Aerospace | |
| Sports & Leisure | |
| Other End-user Industries | |
| Geography | Saudi Arabia |
| South Africa | |
| Rest of Middle-East and Africa |
MEA Reactive Adhesives Market Research FAQs
What is the current Middle-East and Africa Reactive Adhesives Market size?
The Middle-East and Africa Reactive 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 Reactive Adhesives Market?
3M, Collano AG, Arkema Group, HENKEL AG & Co. KGaA and Jowat SE are the major companies operating in the Middle-East and Africa Reactive Adhesives Market.
What years does this Middle-East and Africa Reactive Adhesives Market cover?
The report covers the Middle-East and Africa Reactive Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Reactive Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Reactive Adhesives Industry Report
Statistics for the 2024 Middle-East and Africa Reactive Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Reactive 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.
