Product Code: ETC018599 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Adhesives And Sealants market currently, in 2023, has witnessed an HHI of 1277, Which has increased slightly as compared to the HHI of 756 in 2017. The market is moving towards highly 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.
Adhesives and sealants are chemical compounds that are used to bind surfaces together. They help keep the objects in place, prevent corrosion, and protect the materials from environmental factors such as water, chemicals, or temperature changes. Adhesives and sealants have a wide range of applications in various industries ranging from automotive and construction to medical devices. These products exhibit strong bonding properties because they form a permanent mechanical bond between different substrates when cured. In Saudi Arabia, there has been an increase in demand for adhesives and sealants due to their ability to reduce costs associated with manufacturing processes and improve product quality.
The increasing demand for eco-friendly products is one of the major drivers of growth for the adhesives & sealants market in Saudi Arabia. As manufacturers become more conscious about sustainability practices, companies are looking for ways to reduce emissions caused by using traditional glues or solvents while still maintaining high performance standards at competitive prices. This has led many global players like 3M Company, Henkel AG & Co., Bostik SA etc.,to introduce new eco-friendly solutions into their portfolio that adhere better than traditional ones but require less energy during production process. The growing trend towards personalized packaging is also expected to drive market growth over next few years as consumers increasingly demand customized packaging solutions with unique features such as sustainable material usage along with attractive designs which can be achieved through use of adhesive labels on packages . Additionally ,the rising investment in infrastructure projects across Saudi Arabia coupled with government initiatives encouraging private sector participation will open up opportunities for adhesives & sealsant producers who can cater effectively offer cost efficient solutions tailored needs.
Despite being an attractive market ,adhesive producers face certain challenges within this industry .Firstly ,the presence of numerous local players offering low cost solution makes it difficult for established international brands compete effectively . Secondly ,most end users prefer conventional solvent based products over newer water based options thereby limiting scope progress made terms innovation leading companies introducing new technologies into this space. Moreover availability raw materials such vinyl acetate monomer (VAM) would need be addressed sustain long term growth prospects this segment given lack reliable suppliers providing consistent quality feedstock required produce superior grade adhesion systems at optimal price points.
The Covid-19 pandemic has caused disruption across all industries across various regions including Saudi Arabia due to lockdowns imposed by governments globally which resulted in stopping production activities temporarily hindering the growth fo adhesives and sealants market in Saudi Arabia too. However with restrictions being relaxed gradually post lockdown scenarios ,the positive outlook towards recovery would be seen throughout 2021 leading subsequent year??s growth relatively better than 2020 until complete global normalcy returns.
Major Key Players: Henkel AG&Co KGaA (Germany), 3M Company (U.S.), Avery Dennison Corporation(U.S.), Bostik SA (France), Hernon Manufacturing Inc.(Florida) Sika AG (Switzerland), Illinois Tool Works Inc.(U S.) Arkema Group(France) DowDuPont Inc.( U S ) Franklin Internationals LLC(US).
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 Saudi Arabia Adhesives and sealants Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Adhesives and sealants Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Adhesives and sealants Market - Industry Life Cycle |
3.4 Saudi Arabia Adhesives and sealants Market - Porter's Five Forces |
3.5 Saudi Arabia Adhesives and sealants Market Revenues & Volume Share, By Formulation Technology, 2020 & 2030F |
3.6 Saudi Arabia Adhesives and sealants Market Revenues & Volume Share, By Application, 2020 & 2030F |
3.7 Saudi Arabia Adhesives and sealants Market Revenues & Volume Share, By Resin Type, 2020 & 2030F |
4 Saudi Arabia Adhesives and sealants Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Adhesives and sealants Market Trends |
6 Saudi Arabia Adhesives and sealants Market, By Types |
6.1 Saudi Arabia Adhesives and sealants Market, By Formulation Technology |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Formulation Technology, 2020-2030F |
6.1.3 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Water-based, 2020-2030F |
6.1.4 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Solvent-based, 2020-2030F |
6.1.5 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Hot melt, 2020-2030F |
6.1.6 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Reactive & Others, 2020-2030F |
6.2 Saudi Arabia Adhesives and sealants Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Paper & Packaging, 2020-2030F |
6.2.3 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Building & Construction, 2020-2030F |
6.2.4 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Woodworking, 2020-2030F |
6.2.5 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Consumer/DIY, 2020-2030F |
6.2.6 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Automotive & Transportation, 2020-2030F |
6.2.7 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Leather & Footwear, 2020-2030F |
6.2.8 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Others, 2020-2030F |
6.2.9 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Others, 2020-2030F |
6.3 Saudi Arabia Adhesives and sealants Market, By Resin Type |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Silicone, 2020-2030F |
6.3.3 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Polyurethane, 2020-2030F |
6.3.4 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Plastisol, 2020-2030F |
6.3.5 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Emulsion, 2020-2030F |
6.3.6 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Polysulfide, 2020-2030F |
6.3.7 Saudi Arabia Adhesives and sealants Market Revenues & Volume, By Butyl, 2020-2030F |
7 Saudi Arabia Adhesives and sealants Market Import-Export Trade Statistics |
7.1 Saudi Arabia Adhesives and sealants Market Export to Major Countries |
7.2 Saudi Arabia Adhesives and sealants Market Imports from Major Countries |
8 Saudi Arabia Adhesives and sealants Market Key Performance Indicators |
9 Saudi Arabia Adhesives and sealants Market - Opportunity Assessment |
9.1 Saudi Arabia Adhesives and sealants Market Opportunity Assessment, By Formulation Technology, 2020 & 2030F |
9.2 Saudi Arabia Adhesives and sealants Market Opportunity Assessment, By Application, 2020 & 2030F |
9.3 Saudi Arabia Adhesives and sealants Market Opportunity Assessment, By Resin Type, 2020 & 2030F |
10 Saudi Arabia Adhesives and sealants Market - Competitive Landscape |
10.1 Saudi Arabia Adhesives and sealants Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Adhesives and sealants Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |