Market Size of Middle East and Africa Sealants Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 5.30 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Sealants Market Analysis
Middle-East and Africa Sealants Market is likely to be valued at USD 516 million by the end of this year, and the market is projected to register a CAGR of 5.3% during the forecast period. The COVID pandemic has negatively affected the market for sealants in the region. However, post-COVID pandemic, the rising demand from the construction and healthcare industries is expected to revive the market for sealants in the region.
- The increasing demand from the construction industry is expected to drive the market for sealants. However, the growth is likely hindered by rising environmental concerns and VOC emissions regulations related to sealants.
- The innovation and development of bio-based sealants will likely create opportunities for the sealants market.
- Saudi Arabia is the largest market for sealants in the region, where the consumption is driven by the end-user industries, such as automotive, construction, and healthcare.
