Market Size of saudi arabia sealants Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2028 |
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Market Size (2024) | USD 171.18 Million |
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Market Size (2028) | USD 210.71 Million |
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Largest Share by End User Industry | Building and Construction |
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CAGR (2024 - 2028) | 5.33 % |
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Fastest Growing by End User Industry | Aerospace |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Sealants Market Analysis
The Saudi Arabia Sealants Market size is estimated at 171.18 million USD in 2024, and is expected to reach 210.71 million USD by 2028, growing at a CAGR of 5.33% during the forecast period (2024-2028).
171.18 Million
Market Size in 2024 (USD)
210.71 Million
Market Size in 2028 (USD)
4.98 %
CAGR (2017-2023)
5.33 %
CAGR (2024-2028)
Largest Market by End-user Industry
83.94 %
value share, Building and Construction, 2023
Building and construction is the dominant end-user industry for the Saudi Arabian sealants market owing to the wide range of applications, including joint sealing, heat sealing, curtain wall, and glazing.
Fastest Growing Market by End-user Industry
5.74 %
Projected CAGR, Aerospace, 2024-2028
The aerospace industry in Saudi Arabia is expected to register the fastest growth over the forecast period owing to the increasing demand for sealants from civil and general aircraft in the country.
Largest Market by Resin
38.98 %
value share, Silicone, 2023
Silicone sealant is the major resin-based sealant as its application share in the building and construction industry is the largest for both interior and exterior applications.
Fastest Growing Market by Resin
5.51 %
Projected CAGR, Polyurethane, 2024-2028
Due to its excellent sheer strength and high impact resistance and wide usage in the building and construction end-user industry, silicone sealant is likely to be the fastest-growing resin segment over the forecast period.
Leading Market Player
6.45 %
market share, Henkel AG & Co. KGaA, 2021
Henkel is the top player in the Saudi Arabian sealants market owing to its wide range of products offered through various sales and distribution channels.
Rapid growth of residential and commercial construction will augment the product demand
- The construction industry primarily dominates the Saudi Arabian sealants market due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather sealing, cracks sealing, and joint sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry plays a vital role in the country's economy. However, construction activities decreased in 2020 due to the COVID-19 pandemic and the resultant restrictions and scarcity of raw materials, which was partially restored in 2021, and helped boost the sealants demand across the country.
- Sealants are used in the healthcare industry for assembling and sealing medical device parts with their unique binding ability with various substrates such as glass, metal, plastic, and painted surfaces. Medical-grade sealants offer weather-proofing, heat resistance, and anti-aging properties on the applied surfaces. Therefore, the demand for sealants is likely to witness nominal growth over the coming years.
- The other end-user industries segment comprises electronics and electrical components, locomotive and marine, DIY, etc., of which the electronics industry holds the major share due to sealants' diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, etc. Saudi Arabia's electronics market is proliferating due to the rapidly growing demand for wearable gadgets and consumer appliances. The rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, is expected to boost demand for the Saudi Arabian sealants market over the forecast period.
Understand The Key Trends Shaping This Market
