Middle East & Africa Construction Adhesives Market Size and Business Planning, Innovation to See Modest Growth Forecast 2022-2031

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Japan, Japan, Thu, 24 Mar 2022 07:30:25 / Comserve Inc. / — Middle East and Africa construction adhesives market with major country data, industry analysis, size , share, revenue, significant players, developing technologies, trends and forecasts

The construction adhesives market in the Middle East and Africa is expected to grow with a CAGR above 4% during the forecast period. One of the major market drivers is the rapid growth of the construction industry in the region.

– Rising demand from the insulation and soundproofing industries is expected to provide a major growth opportunity for the market studied.
– Saudi Arabia accounted for the highest market share among the geographic segments and is expected to continue dominating the market during the forecast period.
– Among the technologies, water accounted for the highest market share and is expected to dominate the market share during the forecast period.

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Main market trends

Water-Based Technology to Dominate the Market

– Water-based adhesives use water as a carrier or as a thinner to disperse a resin. They are fixed by allowing water to evaporate or be absorbed by the substrate. These adhesives are mixed with water as a thinner, rather than a volatile organic solvent.
– They can be considered low VOC adhesives. Water-based adhesives are made from soluble synthetic polymers (from polymers, such as cellulose ethers, polyvinyl alcohol, methylcellulose, carboxymethylcellulose, and polyvinylpyrrolidone) or natural polymers (from plant sources, such as starches and dextrins; protein sources, such as blood, fish, milk albumin and soy; and animal sources, such as bones and skins).
– Water-based acrylic adhesives and latex water-based adhesives are mainly used for different applications, in the building and construction industry.
– Water-based acrylic adhesives are mainly used as pressure-sensitive adhesives in the construction industry, in the form of labels and tapes, for bonding tiles and for lamination.
– Significant growth in the construction industry in the Middle East and Africa region has driven the demand for construction adhesives in the recent past.
– Therefore, for the above reasons, water-based technology is expected to dominate the market studied.

Saudi Arabia will dominate the market

– Saudi Arabia accounts for the highest share in the Middle East and Africa due to the growth of the construction industry in the country.
– The country’s primary growth in the construction sector has been largely fueled by the massive investments made by the government and the increased inflow of FDI.

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– In addition, the country plans to promote the tourism industry, thanks to which the country has had several hotel projects under construction in recent years. Thus, such construction projects are likely to significantly boost the demand for construction adhesives in the country.
– Hence, due to the above-mentioned reasons, Saudi Arabia is expected to dominate the market studied during the forecast period.

Competitive landscape

The construction adhesives market in the Middle East and Africa is moderately consolidated as the market share market is divided among few players. Major players in the market include 3M, Arkema Group, Dow, Henkel AG & KGaA, and Sika AG, among others.

1. INTRODUCTION
1.1 Assumptions of the study
1.2 Scope of the study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Rapidly Growing Construction Industry
4.2 Constraints
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

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