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 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
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Volumes in Tons, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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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.)
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Market Opportunities
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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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