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Middle East and Africa (MEA) Sealants Market – Industry Trends and Forecast to 2030

Chemical and Materials

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Middle East and Africa (MEA) Sealants Market – Industry Trends and Forecast to 2030

  • Chemical and Materials
  • Upcoming Report
  • Jun 2023
  • MEA
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Middle East and Africa (MEA) Sealants Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 24,040.80 USD million
Diagram Market Size (Forecast Year) USD 36,898.60 USD million
Diagram CAGR %

Major Markets Players

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Middle East and Africa (MEA) Sealants Market, By Resin Type (Silicone, Polyurethane, Plastisol, Acrylic, Emulsion, Polysulfide, Polyvinyl Acetate, Butyl), Application (Paper Board and Packaging, Building, Construction, Woodworking and Joinery, Transportation, Electrical and Electronics, Footwear and Leather, Medical, Others) – Industry Trends and Forecast to 2030.

Middle East and Africa (MEA) Sealants Market

Middle East and Africa (MEA) Sealants Market Analysis and Size

The worldwide construction industry's growth rate has largely accelerated in recent years. Construction is expected to be one of the most dynamic industrial areas, and it is critical to the development of thriving communities all over the world. Sealants are widely used in the construction industry, so demand is expected to increase throughout the anticipated period. Consequently, the sealants market is estimated to witness huge growth.

Data Bridge Market Research analyses that the Middle East and Africa (MEA) Sealants market which was USD 24040.8 in 2022, would rocket up to USD 36898.6 million by 2030, and is expected to undergo a CAGR of 6% during the forecast period.

“Silicone” dominates the resin type segment of the Middle East and Africa (MEA) Sealants market owing to the increased demand across end users. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Middle East and Africa (MEA) Sealants Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Thousand, Volumes in Tons, Pricing in USD

Segments Covered

Resin Type (Silicone, Polyurethane, Plastisol, Acrylic, Emulsion, Polysulfide, Polyvinyl Acetate, Butyl), Application (Paper Board and Packaging, Building, Construction, Woodworking and Joinery, Transportation, Electrical and Electronics, Footwear and Leather, Medical, Others)

Countries Covered

U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

Dupont (U.S.), CEM Corporation (U.S.), SOLVAY (Belgium), AVERY DENNISON CORPORATION (U.S.), DAIKIN (Japan), Dow (U.S.), HUSK-ITT Corporation (U.S.), Metalubgroup (Israel), Henkel Ag & Co. KGaA (Germany), Saint-Gobain (France), Bostik (France), H.B. Fuller Company (U.S.), Sika AG (Switzerland), Arkema (France), DSM (Netherlands), Paroc Group (Finland), The Chemours Company (U.S.) and 3M (U.S.)

Market Opportunities

  • Growing product developments
  • The surging focus of manufacturers on green construction techniques 

Market Definition

Sealants possess various advantageous characteristics and physical properties (such as good cohesion, adhesion, elasticity, high cohesive strength, flexibility, the high elastic modulus of the substrate, thermal expansion resistance, environmental resistance to UV light, corrosion, salt water, rain, and other weathering conditions). They are mostly utilized to fill gaps and cracks between substrates. As a result, they play an essential role in the building industry. Sealants are used to prevent air, water, and other elements from leaving or entering a structure.

Middle East and Africa (MEA) Sealants Market Dynamics

Drivers

  • High Demand Across End Users

Strong building activity in emerging countries is driving demand for polyurethane sealants, bituminous sealants, and caulks, which are critical for infrastructure renovation. Furthermore, the building and construction sealant market is expected to fuel long-term growth as the construction sector recovers from its current slump. In addition, as hybrid sealants gain traction, novel sealant solutions are in high demand in the flexible packaging industry, and sealants are widely accepted in medical applications, the market is expected to expand.

Opportunities

  • Green Construction Techniques and Product Developments

The surging focus of manufacturers on green construction techniques extends profitable opportunities to the market players in the forecast period of 2023 to 2030. Additionally, the growing product developments will further expand the future growth of the sealants market.

 Restraints/Challenges

  • Disadvantage of Sealants

The sealant's inability to contain extreme temperatures are estimated to create hindrances for the growth of the sealants market.

  • Stringent Regulations Associated with Sealants

Also, the stringent regulations pertaining to VOC emissions, along with the regulatory concerns for medical sealants, will prove to be a demerit for the sealants market. Therefore, this will challenge the sealants market growth rate.

 This Middle East and Africa (MEA) Sealants Market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pocket, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sealants market contact Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

  • In July 2021, Bostik, a leading manufacturer of adhesive solutions, announced the launch of its new Polyurethane sealants line to strengthen its position in the Sealing and Bonding construction market 
  • In March 2023, WACKER chemical group announced to expand its production capacities for silicone sealants at their Nunchritz site. This will increase the company’s supply capability. This project will also create new job opportunities at their site.

Middle East and Africa (MEA) Sealants Market Scope

The Middle East and Africa (MEA) Sealants market is segmented on the basis of resin type and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Resin Type

  • Silicone
  • Polyurethane
  • Plastisol
  • Acrylic
  • Emulsion
  • Polysulfide
  • Polyvinyl Acetate
  • Butyl

Application

  • Paper Board and Packaging
  • Building and Construction
  • Woodworking and Joinery
  • Transportation
  • Electrical and Electronics
  • Footwear and Leather
  • Medical
  • Others

Middle East and Africa (MEA) Sealants Market Regional Analysis/Insights

The Middle East and Africa (MEA) Sealants market is analysed and market size insights and trends are provided by country, resin type, and application as referenced above.

The countries covered in the Middle East and Africa (MEA) Sealants market report are Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

U.A.E. dominates the Middle East and Africa (MEA) Sealants market because of the growing demand of consumer electronics and increased application in smartphones and tablets.   

Saudi Arabia is expected to witness significant growth during the forecast period of 2023 to 2030 due to the growing automotive industry and the shift towards optically clear adhesives in automotive.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Middle East and Africa (MEA) Sealants Market Share Analysis

The sealants market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the sealants market.

Some of the major players operating in the sealants market are:

  •  Dupont (U.S.)
  • CEM Corporation (U.S.)
  • SOLVAY (Belgium)
  • AVERY DENNISON CORPORATION (U.S.)
  • DAIKIN (Japan)
  • Dow (U.S.)
  • HUSK-ITT Corporation (U.S.)
  • Metalubgroup (Israel)
  • Henkel Ag & Co. KGaA (Germany)
  • Saint-Gobain (France)
  • Bostik (France)
  • H.B. Fuller Company (U.S.)
  • Sika AG (Switzerland)
  • Arkema (France)
  • DSM (Netherlands)
  • Paroc Group (Finland)
  • The Chemours Company (U.S.)
  • 3M (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The Middle East and Africa (MEA) Sealants Market value was USD 25483.24 million in 2023.
The Middle East and Africa (MEA) Sealants Market is projected to grow at a CAGR of 6% during the forecast period of 2023-2030.
The Middle East and Africa (MEA) Sealants market is segmented on the basis of resin type and application.
The countries covered in the Middle East and Africa (MEA) Sealants market report are Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
U.A.E. dominates the Middle East and Africa (MEA) Sealants market because of the growing demand of consumer electronics and increased application in smartphones and tablets.
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