Market Size of Middle East and Africa Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Sealants Market Analysis
Middle-East and Africa Sealants Market is likely to be valued at USD 516 million by the end of this year, and the market is projected to register a CAGR of 5.3% during the forecast period. The COVID pandemic has negatively affected the market for sealants in the region. However, post-COVID pandemic, the rising demand from the construction and healthcare industries is expected to revive the market for sealants in the region.
- The increasing demand from the construction industry is expected to drive the market for sealants. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to sealants.
- The innovation and development of bio-based sealants will likely create opportunities for the sealants market.
- Saudi Arabia is the largest market for sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, and healthcare.
MEA Sealants Industry Segmentation
Sealants are designed to close gaps between surfaces and prevent dust, water, or dirt from entering them. The sealants market is segmented by resin type, end-user industry, and geography. By resin type, the market is segmented into acrylic, epoxy, polyurethane, silicone, and Other resins. By end-user Industry, the market is segmented into aerospace, automotive, building and construction, healthcare, and other end-user industries. The report also covers the market size and forecasts for the market in three countries across the Middle East and Africa. For each segment, the market sizing and forecasts have been done on the basis of volume (kilotons) and revenue (USD million).
| Resin | |
| Acrylic | |
| Epoxy | |
| Polyurethane | |
| Silicone | |
| Other Resins |
| End-User Industry | |
| Aerospace | |
| Automotive | |
| Building and Construction | |
| Healthcare | |
| Other End-user Industries |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle-East and Africa |
Middle East and Africa Sealants Market Size Summary
The Middle-East and Africa sealants market is poised for growth, driven by increasing demand from the construction and healthcare sectors. Despite the initial setbacks caused by the COVID-19 pandemic, the market is expected to recover as these industries expand. The construction sector, particularly in Saudi Arabia, plays a significant role in this growth, supported by large-scale projects like the Neom mega-city and various luxury developments. However, the market faces challenges from environmental concerns and regulations regarding VOC emissions. Innovations in bio-based sealants present new opportunities, potentially offsetting some of these challenges.
Saudi Arabia stands out as the largest consumer of sealants in the region, with demand fueled by its robust construction activities, automotive industry, and healthcare sector. The government's investment in futuristic projects and electric vehicles is expected to further boost the market. South Africa also shows promise, with increasing population-driven construction and a focus on energy-efficient building practices. The market is characterized by fragmentation, with key players like Dow, Henkel AG & Co. KGaA, and Sika AG actively participating. Recent product launches, such as H.B. Fuller Company's Gorilla adhesives and Wacker Chemie AG's renewables-based silicone sealants, highlight ongoing innovation in the sector.
Middle East and Africa Sealants 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 Rising Demand from the Construction Industry in Saudi Arabia
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1.1.2 Other Drivers
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1.2 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
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2.1.1 Acrylic
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2.1.2 Epoxy
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2.1.3 Polyurethane
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2.1.4 Silicone
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2.1.5 Other Resins
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2.2 End-User Industry
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2.2.1 Aerospace
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2.2.2 Automotive
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2.2.3 Building and Construction
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2.2.4 Healthcare
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2.2.5 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 Sealants Market Size FAQs
What is the current Middle East and Africa Sealants Market size?
The Middle East and Africa Sealants Market is projected to register a CAGR of greater than 5.30% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Sealants Market?
Dow, Henkel AG & Co. KGaA, Sika AG, Soudal Holding N.V. and The Industrial Group are the major companies operating in the Middle East and Africa Sealants Market.
