Report Overview

Increasing disposable income among people driving the renovations of existing buildings across the kingdom and growing investments in the construction industry are expected to boost the expansion of Saudi Arabia floor adhesives market during the forecast period between 2023 and 2029.

Saudi Arabia Floor Adhesive Market - Industry Trends & Forecast Report, 2029

Saudi Arabia floor adhesive market size is projected to grow at a CAGR of 6.7% during the forecast period between 2023 and 2029. Major growth factors for the Saudi Arabia floor adhesive market include expanding construction activities in the country. The Saudi Government is focusing on economic diversification and boosting tourism, as part of its Saudi Vision 2030. For this purpose, it is investing in the construction of commercial, industrial, and residential spaces. The increasing development of commercial spaces, such as offices, schools, and shopping complexes, and the rising demand for housing in Saudi Arabia will eventually boost the demand for flooring materials, propelling the overall market growth.

Saudi Arabia Floor Adhesive Market – Overview

The purpose of flooring adhesives is to join two surfaces, often the bottom of the flooring and the concrete beneath it. Liquid flooring glue is applied, hardens as it dries, and permanently fuses the two components. There are three types of floor adhesives available in the market: water-based, polyurethane-based, and acrylic. Various adhesives dry at various speeds. This refers to the amount of time before the glue dries out to use it. It will also show how long it will take for the floor to set once it has been put up. The user may work more quickly during installation and move more quickly over the floor the shorter the dry period.

Saudi Arabia Floor Adhesive Market

Growth Drivers

Growing Investments in the Construction Industry

The Saudi Arabian construction market is expected to grow as a result of the government's plans to develop the housing industry. In addition, the market is growing due to the expansion of the tourism industry and the rise in residential construction. “Not surprisingly, the Kingdom has maintained its position as the strongest market across the MENA region with the highest total value of project awards for four consecutive years,” as the Arab News reported. As a result, the demand for floor adhesives is projected to surge during the forecast period, propelling the overall market growth.

Restraints

Hazardous Health Effects Due to VOC Emissions

Floor adhesives can emit VOCs, just as other products with petrochemical bases (Volatile Organic Compounds). Other compounds in the product have the potential to cause immediate damage to exposed employees and building occupants. They may deteriorate over time, putting building inhabitants in danger. By inhaling it over an extended period of time, tile adhesive poses a major health risk. Ingestion of these adhesives may result in significant irritation of the mouth, esophagus, and digestive system. These health hazards act as a major restraining factor for the Saudi Arabia floor adhesive market growth.

Impact of COVID -19 on Saudi Arabia Floor Adhesive Market

The COVID-19 pandemic drastically slowed the demand for floor adhesive in Saudi Arabia market. Saudi Arabia's construction work was briefly put on hold due to the lockdown and the suspension of non-essential economic operations. Due to the building and construction sector's sluggish growth, the demand for flooring adhesive products in 2020 were slow. Additionally, the residential sector's lack of demand for remodeling and restoration projects resulted in significant losses for the Saudi Arabian floor adhesive industry.

Saudi Arabia Floor Adhesive Market

Segmental Coverage

Saudi Arabia Floor Adhesive Market – By Resin Type

Based on resin type, the Saudi Arabia floor adhesive market is segregated into epoxy, polyurethane, acrylic, vinyl, and other segments. The acrylic segment accounts for the highest share in the Saudi Arabia floor adhesive market. The substantial growth of this segment is ascribed to acrylic resins' properties, which include quick setting times and improved adherence to bond-challenging surfaces. They give good resistance to the environment. The creation of UV light-curing adhesives as well as waterborne and heat-resistant adhesives uses acrylic resins.

Saudi Arabia Floor Adhesive Market – By Technology

Based on technology, the Saudi Arabia floor adhesive market is segmented into water-borne, solvent-borne, and other technologies. The water-borne technology has the highest demand in the Saudi Arabia floor adhesive market, as water-based adhesives can be used with diverse types of floorings including tile and stone. They are simple to use and inexpensive to create. With a wet bond glue, it is typically simpler to have a consistent consistency, which also acts as a favorable factor for the market growth of the water-borne floor adhesive in the Saudi Arabia market.

Saudi Arabia Floor Adhesive Market – By Application

Based on application, the Saudi Arabia floor adhesive market is segmented into tile & stone, carpet, wood, laminate, resilient flooring, and other applications. Tiles and stones are the most common flooring type in Saudi Arabia. Tiles are widely applied as dining room table tops as well as flooring in kitchens, baths, parking lots, and rooftops. Furthermore, ceramic floor tiles do not draw dust and dust mites as carpets do. Because there is less dust in homes with ceramic tiles and fewer household allergens, the air is significantly better, which acts as a favorable factor in the demand for tiles and stone flooring in Saudi Arabia.

Saudi Arabia Floor Adhesive Market – By End-User Industry

Based on the end-user industry, the Saudi Arabia floor adhesive market is categorized into residential, commercial, and industrial segments. The commercial segment accounts for the highest share in the Saudi Arabia floor adhesive market owing to the increasing construction of commercial spaces such as offices, retail stores, hotels, medical centers, warehouses, in the country. With an increasing focus and investments towards boosting tourism, the number of tourist-centered spaces such as hotels, airports, and guest houses, is also rising, significantly boosting the demand for floor adhesives for flooring installation purposes.

Competitive Landscape

Major players operating in the Saudi Arabia floor adhesive market include Bostik SA, Mapei S.P.A., Laticrete International Inc., Forbo Holding AG, Wacker Chemie AG, The DOW Chemical Company, Henkel AG & Co. KGaA, Sika AG, Pidilite Industries Limited, and BASF. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Resin Type

• Epoxy

• Polyurethane

• Acrylic

• Vinyl

• Others

By Technology

• Water-borne

• Solvent-borne

• Other Technologies

By Application

• Tile & Stone

• Carpet

• Wood

• Laminate

• Resilient Flooring

• Other Applications

By End-Use Industry

• Residential

• Commercial

• Industrial