“Middle East & Africa Adhesives And Sealants Market – Segmented By Product Type, Technology, End-User Industry, And Geography – Growth, Trends And Forecasts (2018 – 2023)” presents an in-depth assessment of the Adhesives And Sealants including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Adhesives And Sealants investments from 2018 till 2023.
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Global Adhesives And Sealants Market Major Key players: PPG, AKZONOBEL, SHERWIN WILLIAMS, RPM, NIPPON PAINT, VALSPAR, AXALTA, BASF and KANSAI, and Other Players Include HENKEL AG & CO. KGAA, SIKA AG, 3M, ASIAN PAINTS LTD., H.B. FULLER, JOTUN PAINTS, MASCO, HEMPEL, CHUGOKU MARINE PAINTS LIMITED, TIKKURILA OYJ, BECKERS GROUP, BERGER PAINTS INDIA LTD., GUANGDONG CARPOLY CHEMICAL GROUP CO., LTD., DAW SE, MATERIS PAINTS (CROMOLOGY), SHAWCOR, SK KAKEN CO., LTD., DULUX GROUP LIMITED, KCC CORP, DAI NIPPON TORYO COMPANY, LIMITED, BENJAMIN MOORE & CO. INC., FUJIKURA KASAI, SHANGHAI COATINGS CO., LTD, NATIONAL PAINTS, and PINTUCO.
The Middle East & Africa adhesives and sealants market is expected to register a CAGR of 5.11% (in terms of value) and 4.39% (in terms of volume) during the forecast period, 2018 to 2023.
Saudi Arabia accounted for the largest market, holding almost 29% of the global market share in 2017.
Accelerating Demand from Automotive Industry:
Unlike traditional manufacturing methods, adhesives offer the advantage of flexibility during the production process of automotive components. In addition, they also aid in reducing the processing and set up time, as they can be applied easily and at a relatively high speed. Furthermore, it has been observed that during new car assessment programs and crash tests, vehicles bonded with adhesives perform better, compared to welded vehicles, as they do not affect the substrate used in the automobile assembly. Moreover, the recent advancements in the adhesives technologies are aiding automobile manufacturers in the production of lightweight and fuel efficient vehicles. In Africa, automotive production increased by 7.9% in 2016 from 2015. Such positive growth is expected to drive the market through the forecast period.
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This independent 272 pages report guarantees you will remain better informed than your competition. With over 170 tables and figures examining the Adhesives And Sealants market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.
Silicone Sealants _ one of the fastest growing segment:
Silicones are versatile polymers. These are designed to provide permanent and temporary bonding to the surfaces, such as glass, metal and stone. The nature of bonding depends on the application for which it is used. These sealants effectively work under harsh environments of temperature range, abrasion and climatic change. Hence, they are water, chemical and temperature resistant, flexible, and they deliver outstanding performance. Furthermore, these sealants are transparent, permeable to gas and water vapor, and they provide thermal and electrical conductivity. Saudi Arabia is the Largest Consumer:
Silicone sealants are used in numerous applications owing to the excellent properties that they offer. The major end-user industries for these sealants are electronics & electrical, automotive, aerospace, and building & construction. The usage is increasing in countries such as UAE, Jordon, and Kuwait etc., owing to the rising construction and infrastructure projects in these countries. Additionally, sale of electronic products are also increasing, in turn augmenting the usage of silicone in the region.
Saudi Arabia is the Largest Consumer:
The government’s 10th development plan has supported investments in sectors such as healthcare, housing projects, construction & maintenance in the oil & gas sector and so on. The population of the country is also increasing at a good rate, which has also increased the demand for houses in the country. These growth plans are expected to grow at a faster rate during the forecast period, which is also expected to drive the market for adhesives and sealants. The electronics market in Saudi Arabia slowed down in the recent past, but has good market potential owing to rising population and demand for electronic goods such as smartphones, LED & LCD TVs, tablets, electrical machines & equipment, and washing machines. Moreover, the packaging industry in Saudi Arabia is the key driver for the market of adhesives and sealants. They have multiple applications in the packaging sector such as sealing, bonding, and labeling. The food packaging market is growing with increasing population and accelerating demand for hygienic products. The growth of these industries is expected to increase during the forecast period, which in turn will propel the adhesives and sealants market in the country.
Key Developments in the Market:
November 2017: Sika AG acquired the Istanbul-based ABC Sealants
May 2017: H.B. Fuller to acquire Royal Adhesives & Sealants
The research includes historic data from 2013 to 2017 and forecasts until 2023 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs. The report will make detailed analysis mainly on above questions and in-depth research on the development environment, market size, development trend, operation situation and future development trend of Adhesives And Sealants on the basis of stating current situation of the industry in 2018 so as to make comprehensive organization and judgment on the competition situation and development trend of Adhesives And Sealants Market and assist manufacturers and investment organization to better grasp the development course of Adhesives And Sealants Market.
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