Market Forecast By Formulation Technology (Water-based, Solvent-based, Hot melt, Reactive & Others), By Application (Paper & Packaging, Building & Construction, Woodworking, Consumer/DIY, Automotive & Transportation, Leather & Footwear, Assembly, Others), By Resin Type (Silicone, Polyurethane, Plastisol, Emulsion, Polysulfide, Butyl, Others) And Competitive Landscape
Product Code: ETC018610 | Publication Date: Jun 2023 | Updated Date: Sep 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Kenya Adhesives And Sealants market currently, in 2024, has witnessed an HHI of 1753, Which has increased slightly as compared to the HHI of 866 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Kenya Adhesives and Sealants Marketย |
Forecast period | 2024-2030 |
CAGR | 8.3% |
Growing Sector | Building & Construction |
The Kenya Adhesives and Sealants Market report thoroughly covers the market by Formulation Technology, Application, and Resin Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Kenya Adhesives and Sealants Market is witnessing robust growth, driven by increasing demand from various industries, particularly in the construction sector.
According to 6Wresearch, the Kenya Adhesives and Sealants Market is projected to grow at a CAGR of 8.3% from 2024-2030. The building and construction sector is emerging as the fastest-growing segment, fueled by infrastructural development and urbanization across the country. The rising demand for sustainable and eco-friendly products, coupled with advancements in adhesive technology, is further propelling market growth. Additionally, the expanding automotive and packaging industries are contributing to the increased consumption of adhesives and sealants in Kenya.
However, the market faces challenges, including fluctuating raw material prices and stringent environmental regulations. The dependence on imported raw materials makes the market vulnerable to price volatility, impacting profitability. Moreover, adhering to environmental standards, particularly for solvent-based adhesives, poses challenges for manufacturers, necessitating investments in research and development for sustainable alternatives.
Leading players in the Kenya Adhesives and Sealants Market include Henkel AG & Co. KGaA, Sika AG, and 3M Company. Henkel AG & Co. KGaA is known for its innovative water-based adhesives, which are widely used in packaging and woodworking applications. Sika AG specializes in high-performance sealants for the construction industry, offering solutions that enhance building durability. 3M Company provides a comprehensive range of adhesives and sealants, including hot melt and reactive formulations, catering to diverse industrial needs.
The Kenyan government is actively supporting the growth of the adhesives and sealants market through various initiatives. These include policies aimed at promoting local manufacturing and reducing reliance on imports. Efforts to enhance infrastructure development and improve building standards are also driving the demand for high-quality adhesives and sealants. Moreover, government regulations encouraging the use of eco-friendly and low-emission products are pushing manufacturers to develop sustainable alternatives. Additionally, initiatives to attract foreign investment in the construction and automotive sectors are expected to further stimulate market growth.
The Kenya Adhesives and Sealants Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancements in adhesive formulations and a growing preference for sustainable products. The increasing demand for energy-efficient and environmentally friendly adhesives, coupled with the rising use of advanced sealants in construction, is likely to influence the market. Additionally, the automotive and packaging industries are expected to see substantial growth, contributing to the overall expansion of the adhesives and sealants market. In brief, the market will continue to evolve with a focus on innovation and sustainability, meeting the diverse needs of various industries in Kenya.
According to Ravi Bhandari, Research Head, 6Wresearch, water-based adhesives are leading the market due to their widespread use in applications requiring eco-friendly and sustainable solutions.
The building and construction sector is the dominant application, driven by ongoing infrastructure projects and urbanization efforts across Kenya.
Silicone and polyurethane resins are in high demand, particularly in construction and automotive applications, due to their superior performance and durability.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Kenya Adhesives and sealants Market Overview |
3.1 Kenya Country Macro Economic Indicators |
3.2 Kenya Adhesives and sealants Market Revenues & Volume, 2020 & 2030F |
3.3 Kenya Adhesives and sealants Market - Industry Life Cycle |
3.4 Kenya Adhesives and sealants Market - Porter's Five Forces |
3.5 Kenya Adhesives and sealants Market Revenues & Volume Share, By Formulation Technology, 2020 & 2030F |
3.6 Kenya Adhesives and sealants Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Kenya Adhesives and sealants Market Revenues & Volume Share, By Resin Type, 2020 & 2030F |
4 Kenya Adhesives and sealants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Kenya Adhesives and sealants Market Trends |
6 Kenya Adhesives and sealants Market, By Types |
6.1 Kenya Adhesives and sealants Market, By Formulation Technology |
6.1.1 Overview and Analysis |
6.1.2 Kenya Adhesives and sealants Market Revenues & Volume, By Formulation Technology, 2020 - 2030F |
6.1.3 Kenya Adhesives and sealants Market Revenues & Volume, By Water-based, 2020 - 2030F |
6.1.4 Kenya Adhesives and sealants Market Revenues & Volume, By Solvent-based, 2020 - 2030F |
6.1.5 Kenya Adhesives and sealants Market Revenues & Volume, By Hot melt, 2020 - 2030F |
6.1.6 Kenya Adhesives and sealants Market Revenues & Volume, By Reactive & Others, 2020 - 2030F |
6.2 Kenya Adhesives and sealants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Kenya Adhesives and sealants Market Revenues & Volume, By Paper & Packaging, 2020 - 2030F |
6.2.3 Kenya Adhesives and sealants Market Revenues & Volume, By Building & Construction, 2020 - 2030F |
6.2.4 Kenya Adhesives and sealants Market Revenues & Volume, By Woodworking, 2020 - 2030F |
6.2.5 Kenya Adhesives and sealants Market Revenues & Volume, By Consumer/DIY, 2020 - 2030F |
6.2.6 Kenya Adhesives and sealants Market Revenues & Volume, By Automotive & Transportation, 2020 - 2030F |
6.2.7 Kenya Adhesives and sealants Market Revenues & Volume, By Leather & Footwear, 2020 - 2030F |
6.2.8 Kenya Adhesives and sealants Market Revenues & Volume, By Others, 2020 - 2030F |
6.2.9 Kenya Adhesives and sealants Market Revenues & Volume, By Others, 2020 - 2030F |
6.3 Kenya Adhesives and sealants Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Kenya Adhesives and sealants Market Revenues & Volume, By Silicone, 2020 - 2030F |
6.3.3 Kenya Adhesives and sealants Market Revenues & Volume, By Polyurethane, 2020 - 2030F |
6.3.4 Kenya Adhesives and sealants Market Revenues & Volume, By Plastisol, 2020 - 2030F |
6.3.5 Kenya Adhesives and sealants Market Revenues & Volume, By Emulsion, 2020 - 2030F |
6.3.6 Kenya Adhesives and sealants Market Revenues & Volume, By Polysulfide, 2020 - 2030F |
6.3.7 Kenya Adhesives and sealants Market Revenues & Volume, By Butyl, 2020 - 2030F |
7 Kenya Adhesives and sealants Market Import-Export Trade Statistics |
7.1 Kenya Adhesives and sealants Market Export to Major Countries |
7.2 Kenya Adhesives and sealants Market Imports from Major Countries |
8 Kenya Adhesives and sealants Market Key Performance Indicators |
9 Kenya Adhesives and sealants Market - Opportunity Assessment |
9.1 Kenya Adhesives and sealants Market Opportunity Assessment, By Formulation Technology, 2020 & 2030F |
9.2 Kenya Adhesives and sealants Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Kenya Adhesives and sealants Market Opportunity Assessment, By Resin Type, 2020 & 2030F |
10 Kenya Adhesives and sealants Market - Competitive Landscape |
10.1 Kenya Adhesives and sealants Market Revenue Share, By Companies, 2023 |
10.2 Kenya Adhesives and sealants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |