Market Trends of Middle-East and Africa Contact Adhesives Industry
This section covers the major market trends shaping the MEA Contact Adhesives Market according to our research experts:
Building and Construction Industry to Drive the Market Demand
- Contact adhesives' properties such as good cohesion, adhesion and elasticity, high cohesive strength, flexibility, high elastic modulus of substrate, resistance from thermal expansion, environmental resistance from UV light, corrosion, salt water, rain, and other weathering conditions, makes it extensively useful for application in construction industry.
- They are mainly used in wooden flooring and artificial turf, owing to their property of strain crystallization.
- Countries, such as Saudi Arabia, Qatar, United Arab Emirates, and Egypt has been witnessing strong growth in construction investments and activities. The growth of construction industry in the region is majorly fueled by the Middle Eastern countries' efforts to develop non-oil sectors.
- Hence, such trends leading to the growth of construction industry is expected to propel the consumption of contact adhesive for construction applications in the region.
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Saudi Arabia to Dominate the Market
- Saudi Arabia dominate the consumption of contact adhesive in the region, where the growth in construction, footwear, packaging and consumer goods segments have been driving the consumption of contact adhesive.
- Saudi Arabia is focusing on establishing itself as the new automotive hub in the Middle East. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the Kingdom, to develop the domestic auto industry.
- The country is embarking a large number of residential and commercial projects which is expected to increase the demand for adhesives and sealant for construction applications. Besides, there are numerous construction projects (including construction of hotels, hospitals, entertainment city, etc.) in line for development. With such projects scheduled to be completed within the next five years, the demand for acrylic adhesives is likely to increase for applications in construction industry.
- The packaging industry in Saudi Arabia is one of the major drivers for the contact adhesive market. With increasing demand for instant foods, the demand for safe, and sustainable packaging is growing at a rapid pace, which is further likely to offer opportunities for the studied market.
- Hence, all such trends are likely to drive the growth of contact adhesive market in the country during the forecast period.
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