Saudi Arabia Adhesives and Sealant market is expected to register a CAGR of 6.79% during the forecast period, 2023-2030, to achieve a market value of USD 333.07 million by 2030F. Advanced synthetic polymer adhesives and sealants have emerged, causing expansion of significant industrial products in recent years. As adhesives are used in furniture making therefore, growth in the furniture industry is expected to drive the Saudi Arabia Adhesives and Sealant Market during the forecast period.
Saudi Arabia is very well known for its vast number of underground hydrocarbon deposits and natural gas reserves with prolific potential. Saudi Arabia holds the dominance in terms of supplying various grades of crude oil, natural gas liquids, and other petroleum feedstocks across various countries through a wide array of established sophisticated distribution network of pipelines. Although, country is recognized of having prospective natural source of Hydrocarbon in the world, it has also thrived and contended amongst the class infrastructure of Chemical Industries in the developed nations like US and several countries of Europe on the account of ease availability of petroleum feedstocks (as a major raw material for most of the chemicals). It is plausible to examine the growth of chemical industry in Saudi Arabia, seeing its easy raw material sourcing and evolving infrastructural industrial development in the recent years. Saudi Arabia has earned the reputation in building the excellent class manufacturing facilities and admirable supply chain of quality and reliable specialty chemicals such as adhesives and sealants.
Inclusive research and analytical studies were conducted to deeply understand the Saudi Arabia Adhesives & Sealant Market. Bifurcation into adhesives and sealants ensures the appropriate records of market revenues generated from adhesives and sealant industry respectively. Market growth has been phenomenal in the past five years seeing the sales of leading players who manufacture broad range of adhesives and sealants for numerous end use industries.
Growing Packaging, Furniture, and Construction Industry is
Consumer Acceptability of the Saudi Arabia Sealants Market is Driving the Market Growth
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Market Segmentation
Saudi Arabia Adhesives Market is segmented into resin type and technology. Based on resin type, the market is further split into polyurethane adhesives, vinyl adhesives, acrylic adhesives, epoxy adhesives, silicone & modified silicone adhesives and others. Based on technology, the market is further fragmented into water based, solvent based, hot melt, reactive, and others. As a result of growing demand in the furniture and construction industries, water-based technology is predicted to have the greatest revenue shares in the market and dominate the market segment in the coming years. Higher efficiency and cost savings are two other elements driving the development of the market's water-based adhesive technology demand.
Based on resin type, the market is further segmented into Polyurethane adhesives, vinyl adhesives, acrylic adhesives & sealants, epoxy adhesives, silicone & modified silicone adhesives and sealants, polyurethane sealants, polysulfide sealants, cyanoacrylate, and others. Based on technology, the market is fragmented into water based, solvent based, hot melt, reactive, and others. Based on end use industry the market is divided into furniture, building & construction, packaging & paper related products, automotive, diy, aerospace, defense and others.
Company Profiles
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Attribute
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Details
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Market size value in 2021
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USD 188.02 Million
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Revenue Forecast in 2030
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USD 333.07 Million
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Growth Rate
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6.79%
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Base Year
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2021
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Historical Years
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2030
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Quantitative Units
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Revenue in USD Million, Volume in Million Kg and CAGR for 2017-2021
and 2022-2030
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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Adhesives
Resin Type
Technology
Sealants
Resin Type
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Key Companies Profiled
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Sika Saudi Arabia Limited, H.B. Fuller
Company, 3M Company, National Adhesives Limited (Henkel), Al Muqarram Group,
Laticrete International, Inc., Permabond Engineering Adhesives Ltd., Anabond Limited,
Dow Corning, Pidilite Industries Limited, Soudal Group, Bostik- Gerflor Middle East, Ashwa Technologies Co. Ltd.
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/pdf format on
special request)
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