Market Size of Middle-East and Africa Hot-melt Adhesives Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.50 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
MEA Hot-Melt Adhesives Market Analysis
The Middle-East and Africa hot-melt adhesives market is estimated to witness a significant growth, at an estimated CAGR of over 5.5%, over the forecast period. Increasing usage as substitute for solvent-borne adhesives and escalating demand for fuel-efficient and lightweight vehicles are expected to drive the market during the forecast period.
- Stringent environmental regulations regarding VOC emissions and rise in prices of raw materials are likely to hinder the market's growth.
- Adoption of bio-based hot-melt adhesives are projected to create opportunities to the market growth in the coming years.
- South Africa is expected to dominate the market and is also expected to witness the fastest CAGR during the forecast period.
