Market Size of Middle-East and Africa Reactive Adhesives Industry
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 |
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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 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 |
Middle-East and Africa Reactive Adhesives Market Size Summary
The Middle-East and Africa reactive adhesives market is poised for significant growth, driven primarily by the burgeoning solar electricity sector in the region. Despite challenges posed by the adverse effects of epoxy and acrylic reactive adhesives on skin, the market is expected to benefit from the increasing demand for heat-resistant products. Saudi Arabia emerges as a key player, holding the largest market share, largely due to its robust construction, aerospace, and electronics industries. The renewable energy sector, particularly wind energy, is a major consumer of reactive adhesives, utilizing them for their advantages in weight reduction, assembly time, and corrosion protection. This sector's expansion is fueled by the clean and non-polluting nature of wind energy, which aligns with the region's growing energy needs.
The market landscape in the Middle-East and Africa is moderately fragmented, with numerous players such as 3M, Collano AG, Arkema Group, Jowat SE, and Henkel AG & Co. KGaA contributing to the competitive environment. Saudi Arabia's dominance is further reinforced by government and private investments that have spurred industrial and commercial construction activities, thereby increasing the demand for reactive adhesives. The aerospace industry in the region is also set for growth, with expectations of a doubling of the aircraft fleet over the next decade, driven by rising air traffic between the Middle East and Africa. This growth, coupled with infrastructure development and technological advancements, positions Saudi Arabia as a leading force in the reactive adhesives market during the forecast period.
Middle-East and Africa Reactive 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 Rapid Growth of Solar Electricity Market
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Negative Effects of Epoxy and Acrylic Reactive Adhesives on Skin
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1.2.2 Other Restraints
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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 Polyurethane
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2.1.2 Epoxy
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2.1.3 Cyanoacrylate
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2.1.4 Modified Acrylic
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2.1.5 Anaerobic
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2.1.6 Silicone
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2.1.7 Other Resin Types
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2.2 End-user Industry
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2.2.1 Building & Construction
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2.2.2 Renewable Energy
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2.2.3 Transportation
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2.2.4 Healthcare
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2.2.5 Electronics
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2.2.6 Aerospace
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2.2.7 Sports & Leisure
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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 Rest of Middle-East and Africa
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Middle-East and Africa Reactive Adhesives Market Size 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.