Market Research Report
Middle East & South Africa Adhesives & Sealants Market Outlook, 2027
|Middle East & South Africa Adhesives & Sealants Market Outlook, 2027|
Published: May 4, 2022
Bonafide Research & Marketing Pvt. Ltd.
Content info: 80 Pages
Delivery time: 1-2 business days
UAE is emerging as the innovative construction engineering of the world. It is on the spur of constructing cutting edge technology buildings one after the other. The world renowned Burj Khalifa is one such wonder of the technology. It is constructing world's smartest buildings to reduce operating costs and improve working environment. These buildings are sensor driven that aim to provide efficiency, comfort and productivity. The solutions are focused on energy efficiency, such as smart power systems, systems to track energy wastage, and track building occupancy to reduce power consumptions in facilities which are unoccupied. Coupled with cloud technologies Building Information Modelling (BIM) is enabling companies to streamline their process and become more efficient. The other tools like robotics, drones, 4D & 5D simulation, pre fab construction, and GPS enabled devices are also used in construction of these smart buildings. All this drives the demand for adhesives & sealants in construction industry and also, interdependent industries, where assembling of the devices is done through he application of these adhesives & sealants.
According to the research report "Middle East & South Africa Adhesives & Sealants Market Outlook, 2027" by Bonafide Research, the adhesive & sealants market is expected to grow over USD 7 Billion by the end of the forecast period 2027. UAE and Saudi Arabia together form over 50% market share in the region. Paper & packaging, Building & construction and healthcare form the major users of these adhesives & sealants in the region worth USD 3 Billion. The region's growth is anticipated to be driven by the demand for sealers in construction and health surgeries. Acrylic sealants are expected to grow at an expected CAGR of 7.24% during the forecast years. This is mainly due to reduced VOC emissions from acrylic sealants. Development of renewable resources as an alternative to petroleum-derived chemicals is expected to act as an opportunity in the future. Hot melt adhesives have the second largest market share in the region of over 22% applied in construction, packaging and healthcare industries. Healthcare industry is the fastest growing industry in the region during the forecast period.
The home confinement resulted in to growing online shopping driving the demands and remote working a decline in demand for adhesives. The rising ecommerce has resulted into growing demands for the paper & packaging industries during the pandemic in the region while a decline in office & stationary adhesives. Packaging and labelling adhesives have seen an accelerated growth along with healthcare industry. Building renovations and construction activities furthers the demand. However, the sector was affected due to weak economy, cheap imports, and increase in the production costs, power outages and pandemic crisis. However, innovation by industry players by developing new products for enhanced safety and environmental concerns further bolster the market growth. Quality, costing, brand reputation and loyalty are the major drivers for the manufacturer's position in the market.
Saudi Arabia is the leading market for healthcare adhesives & sealants where the consumption is driven by reconstructive surgery, post trauma incidents and other chronic diseases. The number of chronic diseases is on the rise like cardiovascular, obesity and other which demand for operative procedures. The adhesives & sealants have replaced the traditional sutures and staplers that earlier caused shadow marks. With the advanced technologies the post-operative healings have improved to a greater extent reducing infections levels. The major companies are Cryolife Inc, Johnson & Johnson, Ethicon Inc, Baxter International, Cohera Medical, Ocular Therapietix Inc, Medtronic PLC., and Sanofi Group among others.
UAE and Qatar are expected to remain prominent markets for the construction adhesives & sealants with the FIFA World Cup 2022 to be held in the country. The government is planning to construct more smart cities in the country and make Dubai the world's complete smart city by the end of 2022. Saudi Arabia has very few adhesive and sealant manufacturers, as a result of which it has to depend on imports from other countries. The government has plans to develop social infrastructure, transportation and utility construction in the country. Massive government investments and increased FDI is furthering the construction industry to blossom in the country. South Africa's industry is represented by National Adhesives & Sealants Manufacturer's Association (NASMA) that produces a wide range of products to cater to all the industries in South Africa. Most of the local production is also exported to other countries. The pandemic has affected the supple to construction, automotive and general manufacturing sectors due to low economic environment.
The Pandemic hit the demand and supply chains severely affecting the adhesives & sealants market in the region. The raw materials were not soured in time that delayed production activities across industries. Construction and automotive sectors faced large scale workforce shortage due to immobility of labourers. However, the construction of temporary hospitals and quarantine centres increased with this outbreak of coronavirus. Certain adhesive products witnessed strong demand due to their applications in the paper and packaging, as well as healthcare industry. However, dependence of adhesive & sealant on healthcare and packaging sector is expected to lead the adhesives and sealants market to recover soon post the pandemic.
Major Companies present in the market:
Henkel AG, 3m Inc. , Sika AG, H.B. Fuller Company, Arkema S.A., Huntsman Corporation, Illinois Tool Works Inc., Wacker Chemie AG, DuPont De Nemours, Inc., Pidilite Industries Limited, Avery Dennison Corporation, Dow Inc., Ashland Global Specialty Chemicals Inc.
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The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning. Post this we have started doing primary calls to industry people by equally segmenting in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources.
This report can be useful to industry manufactures, consultants, Key vendors related to Adhesive & Sealant industry. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.