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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1005650

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PUBLISHER: Mordor Intelligence | PRODUCT CODE: 1005650

Middle-East and Africa Cyanoacrylate Adhesives Market - Growth, Trends, and Forecasts (2022 - 2027)

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PAGES: 110 Pages
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The Middle-East and Africa cyanoacrylate adhesives market is expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the growing demand from the electronics and furniture industries in the region. However, volatility in the raw material prices is hindering the growth of the market studied.

Key Highlights

  • Among the countries, Saudi Arabia is likely to occupy the major market share during the forecast period.
  • Among the end-user industries, the healthcare industry is likely to witness the highest growth rate during the forecast period.

Key Market Trends

Healthcare Industry to Witness the Highest Growth Rate

  • The number of surgeries performed in the Middle-East & Africa region witnessed significant growth in the past few years. Sutures, staples, and metallic grafts are an integral part of the surgery, and also the highest standard possible at present for wound closure.
  • However, the pain and discomfort caused by these invasive techniques have led to an urgent need for the development of tissue adhesives for surgical settings.
  • The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the adhesive components that have been widely used as a tissue adhesive in medical and veterinary applications for surgical wound closure and to close the wounds from cat declawing, etc.
  • Cyanoacrylate adhesives even acquired the gold standard status in medical adhesives, which helped these adhesives to retain good market share in the medical adhesives market.
  • Technological advancements in improving non-toxicity are driving the demand for cyanoacrylate adhesives market.
  • Hence, owing to the above-mentioned reasons, healthcare industry is likely to witness the highest growth rate during the forecast period.

Saudi Arabia to Dominate the Market

  • Saudi Arabia accounts for the highest market share of the Middle-East and Africa Cyanoacrylate market currently owing to the high demand from its end-user industries.
  • The market demand for cyanoacrylate adhesives in the country is majorly driven by expanding various industries such as electronics and furniture in the country.
  • Although the electronics market in Saudi Arabia slowed down in the recent past, it has good market potential with the increasing population and demand for electronic goods, such as LED lights, LCD/LED screens for mobiles, laptops, televisions, and other appliances. This market arena is quite instrumental in boosting the market demand for methanol in the country over the forecast period.
  • Furthermore, increasing usage in the medical application, such as dental and surgical adhesives, and rising standard of living is increasing the demand for home furnishings, which in turn, will offer numerous opportunities in the growth of the cyanoacrylate adhesives market, in the country.
  • However, curfew has been called (for a brief period) for in the Kingdom in mid-March to tackle the growing COVID-19 cases in the Gulf region. This, along with the recent fall in the crude oil prices, is likely to leave an impact on the economic growth of the country in 2020, to some extent.

Competitive Landscape

The Middle-East and Africa cyanoacrylate adhesives market is moderately fragmented as the market of the market share is divided among a large number of players. Some of the key players in the market include 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG, among others.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 56702

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand from Electronics and Furniture Industries
    • 4.1.2 Other Drivers
  • 4.2 Restraints
  • 4.3 Industry Value-chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5 MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Alkoxy Ethyl-based
    • 5.1.2 Ethyl Ester-based
    • 5.1.3 Methyl Ester-based
    • 5.1.4 Other Product Types
  • 5.2 End-user Industry
    • 5.2.1 Transportation
    • 5.2.2 Footwear & Leather
    • 5.2.3 Furniture
    • 5.2.4 Consumer Goods
    • 5.2.5 Healthcare
    • 5.2.6 Electronics
    • 5.2.7 Other End-user Industries
  • 5.3 Geography
    • 5.3.1 Saudi Arabia
    • 5.3.2 South Africa
    • 5.3.3 Rest of Middle-East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share/Ranking Analysis**
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 3M
    • 6.4.2 Arkema
    • 6.4.3 Dow
    • 6.4.4 H.B. Fuller Company
    • 6.4.5 Henkel AG & Co. KGaA
    • 6.4.6 Jowat SE
    • 6.4.7 Sika AG
    • 6.4.8 tesa SE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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Jeroen Van Heghe

Manager - EMEA

+32-2-535-7543

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Christine Sirois

Manager - Americas

+1-860-674-8796

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