Market Size of MEA Adhesives And Sealants Industry
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.83 Billion |
| Market Size (2029) | USD 6.45 Billion |
| CAGR (2024 - 2029) | 5.96 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Adhesives and Sealants Market Analysis
The MEA Adhesives And Sealants Market size is estimated at USD 4.83 billion in 2024, and is expected to reach USD 6.45 billion by 2029, growing at a CAGR of 5.96% during the forecast period (2024-2029).
The COVID-19 pandemic disrupted the raw materials supply chain network, negatively affecting the adhesives and sealants market. Post-pandemic, the rising demand for construction, healthcare, and packaging industries is excepted to revive the market for adhesives and sealants.
- Over the short term, the demand for adhesives and sealants is extensively driven by the growing demand from the construction industry, increasing healthcare infrastructure, and growing usage in the packaging industry.
- However, the market growth is likely to be hindered by the rising environmental concerns regarding the usage of chemicals.
- The innovation and development of bio-based adhesives and shifting focus toward adhesive bonding for composite materials will likely offer opportunities for the adhesives and sealants market in the region.
- Saudi Arabia is the region's largest market for adhesives and sealants, where the end-user industries, such as construction, healthcare, and packaging, majorly drive consumption.
