Report Overview

High demand for adhesives and sealants in the construction and building sector, increasing R&D activities, growing need for environmentally safe and non-toxic adhesives, and technology advancements could boost the growth of Saudi Arabia Adhesives and Sealants Market during the forecast period between 2023 and 2029.

Saudi Arabia Adhesive and Sealants Market – Industry Trends & Forecast Report, 2029

Saudi Arabia adhesives and sealants market size was estimated at USD 2.5 billion in 2022. During the forecast period between 2023 and 2029, the Saudi Arabia adhesives and sealants market size is projected to grow at a CAGR of 5.17% reaching a value of USD 3.54 billion by 2029. Major growth drivers for Saudi Arabia adhesives and sealants market include the demand for a variety of electrical and electronic devices, including tablets, smartphones, laptops, and others, where adhesives and sealants are frequently used for bonding various components, which has increased due to a rise in technology advancements and R&D activities. Adhesives and sealants are frequently used to fill cracks, openings, and seal joints in the building and construction industry, which has also seen significant growth due to factors like population growth, urbanization, and increased government spending. The market for adhesives and sealants has grown as a result of the increase in popularity of these products in the building and construction industry.

Saudi Arabia Adhesive and Sealants Market – Overview

A sealant is a semisolid substance used to stop fluid leakage, whereas an adhesive is a chemical mixture that unites two surfaces to form a single unit. Adhesives are ideal for applications involving holding and bonding because they have high shear and tensile strengths. Sealants, on the other hand, are used to close gaps and stop substrates from moving relative to one another. In a variety of industries, including paper packaging, woodworking, footwear manufacturing, building & construction, electrical & electronics, automotive, and others, adhesives and sealants are created using comparable chemicals and technologies.

Saudi Arabia Adhesive and Sealants Market

Growth Drivers

High Demand for Adhesive & Sealants from Thriving Building & Construction Sector

The residential construction segment is being driven by rising population and rapid urbanization. Hence, there is a growing demand for permanent housing, which is driving up demand for adhesives and sealants. Adhesives and sealants are used in a variety of construction applications, including carpet, tiling, wallpaper, and exterior insulation systems. Curtain wall panels and insulating glass units are also held in place with adhesives and sealants.

Restraints

Excessive Use of Chemicals in Manufacturing Adhesives & Sealants

Adhesives and sealants emit a large number of chemical gases, which are considered harmful and hazardous when inhaled. As a result, the rules governing their use are becoming more stringent. Rising consumer awareness about health and the environment has emerged as a major concern for manufacturers. The regulatory landscape is creating significant challenges for the industry. Environmental agencies are taking various measures and imposing more hurdles and restrictions on manufacturers.

Impact of COVID-19 on Saudi Arabia Adhesive and Sealants Market

Most supply chains have been disrupted by the COVID-19 outbreak. A logistical problem has arisen in part as a result of a lack of resources and manpower. Alcohol is one of the raw materials that has been diverted to other industries so they can make sanitizers and other necessary products. Also, the market's lack of consumers has negatively impacted business in the second quarter of 2020. Due to their uses in the paper and packaging industry, as well as the healthcare industry, certain adhesive products are in high demand. The extension of lockdown and other restrictions, which have negatively impacted building and construction activities, were expected to cause a double–digit decline in sealant consumption in 2020.

Saudi Arabia Adhesive and Sealants Market

Segmental Coverage

Saudi Arabia Adhesive and Sealants Market – By Technology

Based on technology, the Saudi Arabia adhesives and sealants market is segmented into Solvent–based, Water–based, Hot melt, and Reactive & others. In terms of volume, the reactive & others segment accounts the highest market share. Reactive technology–based products provide several benefits and are thus driving the segment's growth. These benefits include faster manufacturing speeds due to the short setting time, increased heat resistance, and strong adhesion properties to a variety of substrates. From 2023 to 2029, the hot–melt segment is expected to grow at a rapid pace. Polyester hot melt adhesives have gained popularity in the textiles and fabrics industry in the last decade. Over the last few years, the product has seen increased use in the cotton, wool, and fabricssub–sector. The product significantly enhances the anti–pilling performance of cotton–woven fabrics while also enhancing the fabric's elastic recovery rate.

Saudi Arabia Adhesive and Sealants Market – By Product

For Adhesives:

On basis of product, Saudi Arabia adhesives market is divided into PVA (Polyvinyl alcohol), EVA (Ethylene–vinyl acetate), Polyurethanes, Acrylic, Styrenic block, Epoxy, and Others. Polyurethane adhesive products have superior properties like fast curing, good abrasion and chemical resistance, and excellent bond strength on a variety of substrates like metal, plastic, rubber, wood, and glass. These products are typically based on reactive technology and contain urethane–linked polymers. These materials give adhesive solidity, low viscosity, and a shorter cure time. Epoxy–based products adhere to a wide range of materials, and the nature of the cross–linking polymers determines their superior properties. They have high chemical and environmental resistance, as well as high–temperature resistance and high-strength bonding on a variety of substrates. These adhesives are usually made using reactive technology.

For Sealants:

On basis of product, Saudi Arabia sealants market is segmented into Silicones, Polyurethanes, Acrylic, Polyvinyl Acetate, and Others. The silicone segment attracted the highest level of demand. Due to increased infrastructure spending and construction activity, the segment is expected to grow. Construction of chemical/industrial process plants, stadiums, bridges, museums, concert halls, research facilities, and medical structures is expected to be advantageous for the segment's growth.

Saudi Arabia Adhesive and Sealants Market

Saudi Arabia Adhesive Market – By Application

On basis of application, Saudi Arabia adhesives market is divided into Paper & packaging, Consumer & DIY, Building & construction, Furniture & woodworking, Automotive & transportation, and Others. The adhesives industry's largest segment, paper & packaging holds the highest market share. In the upcoming years, flexible packaging is expected to provide new growth opportunities for market participants. Due to the demand for PPE kits, surgical masks, and other healthcare products, the sudden increase in healthcare spending has a positive impact on the demand for packaging products.

Saudi Arabia Sealants Market – By Application

On basis of application, Saudi Arabia sealants market is segmented into Construction, Automotive, Packaging, Assembly, Consumers, and Others. Numerous opportunities are expected to arise in the construction segment. Rapid technological and architectural innovation is occurring in this area of the sealants market. Airports, mining operations, transportation routes, and even residential projects are going through significant changes to meet evolving standards and requirements.

Competitive Landscape

Major players operating in Saudi Arabia adhesives and sealants market include 3M Company, Reckitt Benckiser Group Plc, Ashland Inc., Avery Denison Corporation, H B Fuller, Henkel AG, Sika AG, Pidilite Industries, Huntsman, and Wacker Chemie AG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In November 2020 – H.B. Fuller introduced Full-Care 5885 to meet the growing industry demand for natural–based hygiene products. Full-Care 5885 adhesive provides high–performance 100% cotton bonding with a minimal cost of use.

Scope of the Report

By Adhesives

• Technology

  • • Solvent–based

    • Water–based

    • Hot melt

    • Reactive & others

• Product

  • • PVA (Polyvinyl alcohol)

    • EVA (Ethylene–vinyl acetate)

    • Polyurethanes

    • Acrylic

    • Styrenic block

    • Epoxy

    • Others

• Application

  • • Paper & packaging

    • Consumer & DIY

    • Building & construction

    • Furniture & woodworking

    • Automotive & transportation

    • Others

By Sealants

• Product

  • • Silicones Polyurethanes

    • Acrylic

    • Polyvinyl Acetate

    • Others

• Application

  • • Construction

    • Automotive

    • Packaging

    • Assembly

    • Consumers

    • Others