Middle East and Africa Acrylic Adhesives Market – Growth & Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Regional

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Home > Reports > Adhesives Sealants > Chemicals And Materials > Middle East and Africa Acrylic Adhesives Market – Growth & Forecast (2024 – 2032)
Middle East and Africa Acrylic Adhesives Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

The acrylic adhesives are the key material to many extensive sections of the modern industry by providing high strength bonds that work well as an alternative to rivets or other more mechanical joining techniques. They have been used for their strong structural adhesive properties, and a structural adhesive is an adhesive that is used to create a load-bearing joint.

The Middle East & Africa Acrylic Adhesives Market Segments Size & Growth:

The Middle East & Africa acrylic adhesives market size is expected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include dynamic economic development in Asia-Pacific, growing Middle East & Africa automotive industry, increased demand for water-based acrylic adhesives, increasing demand from packaging industry, and technological advancements in end-user industries. However, volatility in raw material prices, and stringent environmental regulations in European countries are hindering the growth of the market. Various opportunities for acrylic adhesives market include the development of bio-based products, increasing export from Asia-Pacific region, and innovation in applications and products

The Middle East & Africa Acrylic Adhesives Market Segments Share:

The Middle East & Africa acrylic adhesives market is categorised into technology which comprises of water-based acrylic adhesives, solvent-based acrylic adhesives, and reactive & other acrylic adhesives. The water-based acrylic adhesives segment is expected to hold the largest share in the market because of its unique characteristics such as

Middle East and Africa Acrylic Adhesives Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
UV, humidity, and discolouration resistance. By type, the market is segmented into acrylic polymer emulsion, cyanoacrylic adhesives, methacrylic adhesives, and UV curable acrylic adhesives. Acrylic polymer emulsion segment is further categorised into pure acrylic, styrene acrylics, and vinyl acrylics. Cyanoacrylic adhesives segment is further categorised into ethyl cyanoacrylate, methyl cyanoacrylate, N-butyl cyanoacrylate, 2-octyl cyanoacrylate, and others. By end-users, the market is segmented into electrical & electronics, furniture, paper & packaging, automotive, construction, healthcare, and others. Among them, paper & packaging segment is expected to hold the largest share in the market because of increasing demand for consumer goods in several countries across the globe. In the packaging application, acrylic adhesives are majorly used in the production of labels, cases, cartons, and others.

On the basis of Geography, Middle East & Africa is projected to hold the largest share in the market and anticipated to witness the highest growth rate during the forecast period because of increasing industrial investment and high GDP growth in the emerging economies, growing population, and increasing demand for various applications, such as paper & packaging and construction are estimated to boost the growth of the Middle East & Africa acrylic adhesives market. Countries like UAE, Africa, Saudi Arabia are estimated to be the major markets for acrylic adhesives in the Middle East & Africa region, and among them, Africa is estimated to be the largest market regarding consumption. The developing countries in Africa is projected to offer huge growth

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Middle East and Africa Acrylic Adhesives Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
opportunity for acrylic adhesives market.

The Middle East & Africa Acrylic Adhesives Market Trends:

  • Lord Corporation has introduced a fast-cure, low exothermic, urethane family of adhesives designed to speed up work truck manufacturing processes at the Work Truck Show.

The Middle East & Africa Acrylic Adhesives Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players, such as

  • 3M Company
  • Ashland Inc.
  • Dow Chemical Company
  • B. Fuller Co.
  • Henkel AG & Co. KGaA

Along with these companies, there were many other companies considered/cited in the report while analyzing the Middle East & Africa acrylic adhesives market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

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