Market Trends of Middle-East and Africa Reactive Adhesives Industry
This section covers the major market trends shaping the MEA Reactive Adhesives Market according to our research experts:
Renewable Energy Industry to Witness the Highest Growth Rate
- The consumption of wind energy has been significantly increasing in the Middle-East & Africa region in the past few years.
- Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
- Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
- Hence, owing to the above-mentioned factors, renewable energy industry is likely to witness the highest growth rate during the forecast period.
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Saudi Arabia to Dominate the Market
- Saudi Arabia accounts for the major share of the Middle-East & Africa Reactive Adhesives Market currently owing to the high demand from construction, aerospace, and electronics industry.
- The aircraft fleet in the Middle Eastern region is expected to be doubled in the next 10 years, owing to the increased air traffic, majorly from the Middle East to Africa. Infrastructure development and technological advances are primarily being focused by the Saudi Arabian aerospace industry to smoothen the market entry for multinational players into the country.
- Government and private investments in different sectors in the country have increased the industrial and commercial building and construction activity in the country which has boosted the demand for reactive adhesives in the country.
- Hence, owing to the above-mentioned reasons, Saudi Arabia is likely to dominate the market studied during the forecast period.
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