Middle East & Africa Wood Adhesives Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The wood adhesives market in the Middle East and Africa is projected to grow significantly, reaching approximately US$ 442.42 million by 2031, up from US$ 323.35 million in 2023, with an estimated compound annual growth rate (CAGR) of 4.0% from 2023 to 2031.

Executive Summary and Market Analysis

The demand for wood adhesives in the Middle East and Africa is on the rise, driven by ongoing urbanization and infrastructure development. Countries in the region are heavily investing in the construction of new cities, residential complexes, commercial buildings, and public infrastructure. A notable example is the partnership between Partana and Roshan, Saudi Arabia's housing development authority, which plans to invest US$ 63 billion to construct 400,000 homes using sustainable materials. This initiative aims to tackle the housing shortage while promoting eco-friendly construction practices. Wood products like medium-density fiberboard (MDF) and plywood, which depend on wood adhesives for their production, are crucial in these construction efforts. The construction boom is a key factor driving the demand for wood adhesives, essential for creating robust and durable wood-based components.

Additionally, the furniture manufacturing sector in the Middle East and Africa is expanding, further boosting the wood adhesives market. The growing middle-class population and rising living standards are leading to increased consumption of furniture and home decor items. Furniture manufacturers extensively use wood adhesives in producing a variety of items, from cabinetry to upholstered furniture, which enhances the demand for high-quality adhesives that provide strong bonding and durability.

Market Segmentation Analysis

The Middle East and Africa wood adhesives market can be segmented based on resin type, technology, and application.

Resin Type: The market is divided into natural and synthetic resins, with synthetic resins holding a larger market share in 2023.
Technology: The market is categorized into solvent-based, water-based, and other technologies, with water-based adhesives dominating the market in 2023.
Application: The applications of wood adhesives include furniture, plywood, flooring, doors and windows, among others, with the furniture segment leading the market share in 2023.

Market Outlook

Wood adhesives play a vital role in the furniture industry, facilitating bonding between various materials such as fabrics, foams, and wood. In furniture production, these adhesives are crucial for assembling soft furniture and upholstery used in diverse settings, including offices, schools, hospitals, and airports. Eco-friendly options like waterborne adhesives are gaining popularity due to their solvent-free nature, while hot melt adhesives are applied using heat. Key players in the market comply with various international and domestic sustainability and safety standards in their production processes. The UAE, in particular, is emerging as a significant hub for furniture manufacturing and trade, with rapid urbanization leading to increased furniture demand across multiple sectors, thereby propelling the wood adhesives market.

Country Insights

The wood adhesives market in the Middle East and Africa includes key countries such as South Africa, Saudi Arabia, the UAE, and the Rest of the Middle East and Africa. In 2023, the Rest of the Middle East and Africa accounted for the largest market share. This region includes countries like Iran, Bahrain, Qatar, Turkey, Israel, and Zambia, which are making substantial investments in their construction sectors. For instance, Kuwait has invested over US$ 60 billion in various projects as part of its Vision Kuwait 2035 strategy, with an additional US$ 100 billion expected in future investments. Wood adhesives are integral to constructing wooden flooring, kitchen cabinets, doors, and windows. Furthermore, the increasing demand for wooden home decor to enhance aesthetic appeal is contributing to the growth of the wood adhesives market in this region.

Company Profiles

Key players in the wood adhesives market include Henkel AG & Co KGaA, 3M Co, Sika AG, Arkema SA, Dow Inc, H.B. Fuller Company, Akzo Nobel NV, Aica Kogyo Co. Ltd, Pidilite Industries Ltd, Mapei SpA, Jubilant Industries Ltd, Franklin International, Jowat SE, STAUF Klebstoffwerk GmbH, RPM International Inc, Huntsman Corp, Follmann GmbH and Co KG, Bolton Group S.r.l, Wacker Chemie AG, and IFS Industries Inc, among others. These companies are pursuing various strategies, including expansion, product innovation, and mergers and acquisitions, to enhance their market presence and offer innovative products to consumers.

Product Code: BMIRE00032139

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Middle East & Africa Wood Adhesives Market Landscape

4.1 Overview
4.2 Porter's Five Forces Analysis
- 4.2.1 Bargaining Power of Suppliers
- 4.2.2 Bargaining Power of Buyers
- 4.2.3 Threat of New Entrants
- 4.2.4 Intensity of Competitive Rivalry
- 4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Wood Adhesives Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 End Use
4.4 Average Selling Price, by Resin Type, 2023
4.5 Import - Export Analysis of Key Countries, 2023

5. Middle East & Africa Wood Adhesives Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growth of the Global Furniture Industry
- 5.1.2 Robust Construction and Infrastructure Development
5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices
5.3 Market Opportunities
- 5.3.1 Strategic Research Initiatives Associated with Wood Adhesives
5.4 Future Trends
- 5.4.1 Development of Sustainable and Eco-Friendly Wood Adhesives
5.5 Impact of Drivers and Restraints:

6. Wood Adhesives Market - Middle East & Africa Analysis

6.1 Middle East & Africa Wood Adhesives Market Volume (Kilo Tons), 2021-2031
6.2 Middle East & Africa Wood Adhesives Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East & Africa Wood Adhesives Market Revenue (US$ Million), 2023-2031
6.4 Middle East & Africa Wood Adhesives Market Forecast and Analysis

7. Middle East & Africa Wood Adhesives Market Volume and Revenue Analysis - by Resin Type

7.1 Natural
- 7.1.1 Overview
- 7.1.2 Natural: Middle East & Africa Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Natural: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.2 Synthetic
- 7.2.1 Overview
- 7.2.2 Synthetic: Middle East & Africa Wood Adhesives Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Synthetic: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East & Africa Wood Adhesives Market Revenue Analysis - by Technology

8.1 Solvent-based
- 8.1.1 Overview
- 8.1.2 Solvent-based: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Water-based
- 8.2.1 Overview
- 8.2.2 Water-based: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 Others
- 8.3.1 Overview
- 8.3.2 Others: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Middle East & Africa Wood Adhesives Market Revenue Analysis - by Application

9.1 Furniture
- 9.1.1 Overview
- 9.1.2 Furniture: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Plywood
- 9.2.1 Overview
- 9.2.2 Plywood: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Flooring
- 9.3.1 Overview
- 9.3.2 Flooring: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Doors and Windows
- 9.4.1 Overview
- 9.4.2 Doors and Windows: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)

10. Middle East & Africa Wood Adhesives Market - Country Analysis

10.1 Middle East & Africa
- 10.1.1 Middle East & Africa Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Middle East & Africa Wood Adhesives Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Middle East & Africa Wood Adhesives Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 South Africa: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 South Africa: Middle East & Africa Wood Adhesives Market Share - by Resin Type
    - 10.1.1.3.2 South Africa: Middle East & Africa Wood Adhesives Market Share - by Technology
    - 10.1.1.3.3 South Africa: Middle East & Africa Wood Adhesives Market Share - by Application
  - 10.1.1.4 Saudi Arabia: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 Saudi Arabia: Middle East & Africa Wood Adhesives Market Share - by Resin Type
    - 10.1.1.4.2 Saudi Arabia: Middle East & Africa Wood Adhesives Market Share - by Technology
    - 10.1.1.4.3 Saudi Arabia: Middle East & Africa Wood Adhesives Market Share - by Application
  - 10.1.1.5 United Arab Emirates: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 United Arab Emirates: Middle East & Africa Wood Adhesives Market Share - by Resin Type
    - 10.1.1.5.2 United Arab Emirates: Middle East & Africa Wood Adhesives Market Share - by Technology
    - 10.1.1.5.3 United Arab Emirates: Middle East & Africa Wood Adhesives Market Share - by Application
  - 10.1.1.6 Rest of Middle East & Africa: Middle East & Africa Wood Adhesives Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.6.1 Rest of Middle East & Africa: Middle East & Africa Wood Adhesives Market Share - by Resin Type
    - 10.1.1.6.2 Rest of Middle East & Africa: Middle East & Africa Wood Adhesives Market Share - by Technology
    - 10.1.1.6.3 Rest of Middle East & Africa: Middle East & Africa Wood Adhesives Market Share - by Application

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning and Concentration

12. Industry Landscape

12.1 Overview
12.2 Merger and Acquisition
12.3 Collaboration
12.4 Expansion
12.5 New Product Launch

13. Company Profiles

13.1 Henkel AG & Co KGaA
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 3M Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Sika AG
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Arkema SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Dow Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 H.B. Fuller Company
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Akzo Nobel NV
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Aica Kogyo Co. Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Pidilite Industries Ltd
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Mapei SpA
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments
13.11 Jubilant Industries Ltd
- 13.11.1 Key Facts
- 13.11.2 Business Description
- 13.11.3 Products and Services
- 13.11.4 Financial Overview
- 13.11.5 SWOT Analysis
- 13.11.6 Key Developments
13.12 Franklin International
- 13.12.1 Key Facts
- 13.12.2 Business Description
- 13.12.3 Products and Services
- 13.12.4 Financial Overview
- 13.12.5 SWOT Analysis
- 13.12.6 Key Developments
13.13 Jowat SE
- 13.13.1 Key Facts
- 13.13.2 Business Description
- 13.13.3 Products and Services
- 13.13.4 Financial Overview
- 13.13.5 SWOT Analysis
- 13.13.6 Key Developments
13.14 STAUF Klebstoffwerk GmbH
- 13.14.1 Key Facts
- 13.14.2 Business Description
- 13.14.3 Products and Services
- 13.14.4 Financial Overview
- 13.14.5 SWOT Analysis
- 13.14.6 Key Developments
13.15 RPM International Inc
- 13.15.1 Key Facts
- 13.15.2 Business Description
- 13.15.3 Products and Services
- 13.15.4 Financial Overview
- 13.15.5 SWOT Analysis
- 13.15.6 Key Developments
13.16 Huntsman Corp
- 13.16.1 Key Facts
- 13.16.2 Business Description
- 13.16.3 Products and Services
- 13.16.4 Financial Overview
- 13.16.5 SWOT Analysis
- 13.16.6 Key Developments
13.17 Follmann GmbH and Co KG
- 13.17.1 Key Facts
- 13.17.2 Business Description
- 13.17.3 Products and Services
- 13.17.4 Financial Overview
- 13.17.5 SWOT Analysis
- 13.17.6 Key Developments
13.18 Bolton Group S.r.l
- 13.18.1 Key Facts
- 13.18.2 Business Description
- 13.18.3 Products and Services
- 13.18.4 Financial Overview
- 13.18.5 SWOT Analysis
- 13.18.6 Key Developments
13.19 Wacker Chemie AG
- 13.19.1 Key Facts
- 13.19.2 Business Description
- 13.19.3 Products and Services
- 13.19.4 Financial Overview
- 13.19.5 SWOT Analysis
- 13.19.6 Key Developments
13.20 IFS Industries Inc
- 13.20.1 Key Facts
- 13.20.2 Business Description
- 13.20.3 Products and Services
- 13.20.4 Financial Overview
- 13.20.5 SWOT Analysis
- 13.20.6 Key Developments

14. Appendix

14.1 About The Insight Partners