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Published Date: 2015-08-24Number of Pages: 81

Adhesives and Tapes (Acrylic, Epoxy, PVAc, EVA, PU, and Others) Market by Technology (Pressure Sensitive, Hot Melt, and Others) and Formulation (Water Based and Spray & Cylinder Based) for Packaging, Footwear, Construction, Furniture and Other End-users - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023


Adhesives and tapes are chemical formulations used in binding two substrates. These are primarily utilized in construction, packaging, automotive, footwear, furniture, medical, electronics, and bookbinding industries. Adhesives and tapes offer the advantage of developing products and solutions that are lighter and more compact. These are typically used as effective substitutes for joints, fasteners, screws, nails, and clamps. In addition to compactness, adhesives and tapes enable shorter process time, which can be attributed to their easy handling and dispensing technologies. Technologies such as hot melt and radiation curing enable bonding of substrates within a few seconds of application. This has helped end-users, especially in packaging and construction industries, to achieve time and cost benefits that are purely attributed to fast process time.

Currently, the packaging industry is the major consumer of adhesives and tapes in Saudi Arabia. Adhesives and tapes are used as building blocks in the manufacture of packaging solutions. These are used in sealing, labeling, and bonding applications in the packaging industry. Adhesives and tapes are also widely used in a variety of applications in the construction industry including tile, structural, thermal, and audio insulation panel bonding. Adhesives and tapes are very versatile and can be formulated differently for specific applications. Construction and packaging industries primarily boost demand for adhesives and tapes. Hence, growth in these industries is anticipated at an above-average rate in Saudi Arabia in the next few years. These end-user segments are primarily driven by rising trade activities and increasing investments in the construction industry in Saudi Arabia.

Downward pressure on manufacturers’ margins based on volatile crude oil prices primarily restrains the adhesives and tapes market in Saudi Arabia. However, rapidly rising demand for flexible packaging solutions in food and beverage packaging applications is anticipated to provide prospective opportunities for growth of the adhesives and tapes market in Saudi Arabia in the near future.

In terms of volume, acrylic adhesives and tapes continued to dominate the adhesives and tapes market in Saudi Arabia, accounting for over 30% share in 2014. Polyvinyl acetate (PVAc) is estimated to be the fastest-growing segment of the adhesives and tapes market during the forecast period in Saudi Arabia. This fast-paced growth can be attributed to high growth in the packaging industry in the country during the forecast period. Ethyl vinyl acetate (EVA) is projected to expand at a CAGR higher than the market average during the forecast period due to recovering construction industry and strong growth in the footwear industry in Saudi Arabia. Polyurethane (PU) is also consumed in high volumes in construction, packaging, footwear, and automotive industries in Saudi Arabia. 

In terms of volume, pressure sensitive technology dominated the adhesives and tapes market in Saudi Arabia, constituting more than 50% share in 2014. Hot melt technology is projected to be the fastest-growing technology segment in Saudi Arabia during the forecast period. High demand for hot melt adhesives and tapes is anticipated to arise from the construction and furniture industry in Saudi Arabia during the forecast period.

Water-based formulations are estimated to dominate the adhesives and tapes market in Saudi Arabia during the forecast period. These formulations are eco-friendly, emit minimal volatile organic compounds, and are available at lower prices as compared to spray & cylinder based formulations.

The adhesives and tapes market in Saudi Arabia is fragmented in nature. The market comprises a small number of local players. Multinational large-scale producers are abundant in the adhesives and tapes market in Saudi Arabia. These players have vertically integrated operations, which offer them cost advantage over smaller players. Key players include 3M Company, Henkel AG & Company KGaA, Avery Dennison Corporation, BASF SE, H.B. Fuller Company, Ashland Inc, Bostik SA, Nitto Denko Corporation, Scapa plc, tesa SE, The Dow Chemical Company, Dymax Corporation, SAAF Co., Ltd., ABRO Industries Inc., and Sika AG.

saudi-arabia-adhesives-tapes-market


Chapter 1 Preface
1.1 Report Description
1.2 Market Segmentation
1.3 Research Scope And Assumptions
      1.3.1 Research Scope
      1.3.2 Assumptions
      1.3.3 Abbreviations
1.4 Research Methodology

Chapter 2 Executive Summary
2.1 Saudi Arabia Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
      2.1.1 Saudi Arabia Adhesives and Tapes Market Snapshot, 2014 & 2023

Chapter 3 Saudi Arabia Adhesives and Tapes Market - Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
      3.3.1 Booming Packaging Market in Saudi Arabia
              3.3.1.1 Saudi Arabia Packaging Market, 2014 - 2023 (US$ Bn)
      3.3.2 Large Investments in the Construction Industry in Saudi Arabia
3.4 Market Restraints
      3.4.1 Volatile Crude Oil Prices Put Pressure on Margins
              3.4.1.1 Saudi Arabia Crude Oil Prices, June 2014 - June 2015 (US$/Barrel)
3.5 Opportunities
      3.5.1 Flexible Packaging for Food and Beverages
3.6 Porter’s Five Forces Analysis
      3.6.1 Bargaining Power of Suppliers
      3.6.2 Bargaining Power of Buyers
      3.6.3 Threat from Substitutes
      3.6.4 Threat of New Entrants
      3.6.5 Degree of Competition
3.7 Adhesives and Tapes: Market Attractiveness Analysis

Chapter 4 Saudi Arabia Adhesives and Tapes Market – Raw Material and Price Trend Analysis
4.1 Saudi Arabia Adhesives and Tapes Market: Technical Overview
4.2 Raw Material Price Trend Analysis
      4.2.1 Saudi Arabia Average Raw Material Price Trends, 2013 – 2023
4.3 Adhesives and Tapes Price Trend Analysis
      4.3.1 Saudi Arabia Average Adhesives and Tapes Price Trends, 2013 – 2023

Chapter 5 Saudi Arabia Adhesives and Tapes Market – Technology Analysis
5.1 Saudi Arabia Adhesives and Tapes Market: Technology Overview
      5.1.1 Saudi Arabia Adhesives and Tapes Market Volume Share, by Technology, 2014 and 2023
5.2 Pressure Sensitive Adhesives and Tapes
      5.2.1 Saudi Arabia Market for Pressure Sensitive Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.3 Hot Melt Adhesives and Tapes
      5.3.1 Saudi Arabia Market for Hot Melt Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)
5.4 Others
      5.4.1 Saudi Arabia Market for Other Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 6 Saudi Arabia Adhesives and Tapes Market – Formulation Analysis
6.1 Saudi Arabia Adhesives and Tapes Market : Formulation Overview
      6.1.1 Saudi Arabia Adhesives and Tapes Market Volume Share, by Formulation, 2014 and 2023
6.2 Water Based Adhesives
      6.2.1 Saudi Arabia Market for Water Based Adhesives, 2014 – 2023 (Kilo Tons) (US$ Mn)
6.3 Spray & Cylinder Adhesives
      6.3.1 Saudi Arabia Market for Spray & Cylinder Adhesives, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 7 Saudi Arabia Adhesives and Tapes Market – Product Segment Analysis
7.1 Saudi Arabia Adhesives and Tapes Market: Product Segment Overview
      7.1.1 Saudi Arabia Adhesives and Tapes Market Volume Share, by Product Segment, 2014 and 2023
7.2 Acrylic
      7.2.1 Saudi Arabia Acrylic Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.3 Epoxy
      7.3.1 Saudi Arabia Epoxy Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.4 Polyvinyl Acetate (PVAc)
      7.4.1 Saudi Arabia PVAc Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.5 Ethyl Vinyl Acetate (EVA)
      7.5.1 Saudi Arabia EVA Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.6 Polyurethane (PU)
      7.6.1 Saudi Arabia PU Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
7.7 Others
      7.7.1 Saudi Arabia Other Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)

Chapter 8 Saudi Arabia Adhesives and Tapes Market – End-user Analysis
8.1 Saudi Arabia Adhesives and Tapes Market : End-user Overview
      8.1.1 Saudi Arabia Adhesives and Tapes Market Volume Share, by End-user, 2014 and 2023
8.2 Packaging
      8.2.1 Saudi Arabia Adhesives and Tapes Market for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)
8.3 Footwear
      8.3.1 Saudi Arabia Adhesives and Tapes Market for Footwear, 2014 – 2023 (Kilo Tons) (US$ Mn)
8.4 Construction
      8.4.1 Saudi Arabia Adhesives and Tapes Market for Construction, 2014 – 2023 (Kilo Tons) (US$ Mn)
8.5 Furniture
      8.5.1 Saudi Arabia Adhesives and Tapes Market for Furniture, 2014 – 2023 (Kilo Tons) (US$ Mn)
8.6 Others
      8.6.1 Saudi Arabia Adhesives and Tapes Market for Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)

Chapter 9 Company Profiles
9.1 Ashland Inc.
9.2 BASF SE
9.3 The Dow Chemical Company
9.4 H.B. Fuller Company
9.5 Henkel AG & Company KGaA (Henkel)
9.6 Avery Dennison Corporation
9.7 Bostik S.A.
9.8 Dymax Corporation
9.9 ABRO Industries, Inc.
9.10 SAAF Co. Ltd.
9.11 Sika AG
9.12 Scapa Group plc
9.13 Nitto Group
9.14 tesa SE

Chapter 10 Primary Research – Key Findings

List of Figures 

FIG. 1 Saudi Arabia Adhesives and Tapes Market Segmentation by Technology, Formulation, Product Type, and End-user
FIG. 2 Saudi Arabia Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 3 Adhesives and Tapes market: Value Chain Analysis
FIG. 4 Saudi Arabia Packaging Market, 2014 - 2023 (US$ Bn)
FIG. 5 Saudi Arabia Crude Oil Prices, June 2014 - June 2015 (US$/Barrel)
FIG. 6 Porter’s Five Forces Analysis for Adhesives and Tapes
FIG. 7 Adhesives and Tapes: Market Attractiveness Analysis
FIG. 8 Saudi Arabia Average Raw Material Price Trends, 2013 – 2023
FIG. 9 Saudi Arabia Average Adhesives and Tapes Price Trends, 2013 – 2023
FIG. 10 Saudi Arabia Adhesives and Tapes Market Volume Share, by Technology, 2014 and 2023
FIG. 11 Saudi Arabia Market Pressure Sensitive Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 12 Saudi Arabia Market for Hot Melt Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 13 Saudi Arabia Market for Other Adhesives and Tapes, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 14 Saudi Arabia Adhesives and Tapes Market Volume Share, by Formulation, 2014 and 2023
FIG. 15 Saudi Arabia Adhesives and Tapes Market for Water Based Adhesives, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 16 Saudi Arabia Market for Spray & Cylinder Adhesives, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 17 Saudi Arabia Adhesives and Tapes Market Volume Share, by Product Segment, 2014 and 2023
FIG. 18 Saudi Arabia Acrylic Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 19 Saudi Arabia Epoxy Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 20 Saudi Arabia PVAc Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 21 Saudi Arabia EVA Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 22 Saudi Arabia PU Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 23 Saudi Arabia Other Adhesives and Tapes Market, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 24 Saudi Arabia Adhesives and Tapes Market Volume Share, by End-user, 2014 and 2023
FIG. 25 Saudi Arabia Adhesives and Tapes Market for Packaging, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 26 Saudi Arabia Adhesives and Tapes Market for Footwear, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 27 Saudi Arabia Adhesives and Tapes Market for Construction, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 28 Saudi Arabia Adhesives and Tapes Market for Furniture, 2014 – 2023 (Kilo Tons) (US$ Mn)
FIG. 29 Saudi Arabia Adhesives and Tapes Market for Other End-users, 2014 - 2023 (Kilo Tons) (US$ Mn)

List of Tables

TABLE 1 Saudi Arabia Adhesives and Tapes Market Snapshot, 2014 and 2023
TABLE 2 Drivers for Adhesives and Tapes Market: Impact analysis
TABLE 3 Tenth Development Plan (2015-2020) Expenditure Areas
TABLE 4 Restraints for Adhesives and Tapes Market: Impact Analysis


Adhesives and tapes are binding materials used to join two surfaces. These are used as compact replacements for fasteners such as screws, clamps, and nails. Adhesives and tapes are used in packaging, construction, footwear, furniture, automotive, bookbinding, crafts, and medical industries in Saudi Arabia. 

This report provides a detailed description of the adhesives and tapes market in Saudi Arabia based on volume share (kilo tons) and revenue (US$ Mn) from 2014 to 2023. It highlights factors contributing to growth of the market and restraints hindering the market. Detailed forecast for adhesives and tapes from 2015 to 2023 has been provided separately for a better understanding of the market scenario. The adhesives and tapes market is described with respect to various segments along with potential opportunities during the next six years.

In terms of technology, the adhesives and tapes market in Saudi Arabia has been segmented into pressure sensitive, hot melt, and others (including moisture curing, heat curing, radiation curing, and chemical curing). The study provides forecasts and estimates for each technology segment in terms of revenue and volume during the forecast period. The study also includes bifurcation of the adhesives and tapes market in Saudi Arabia on the basis of formulations into water based and spray & cylinder based adhesive and tapes formulations from 2014 to 2023. 

The study further segments the adhesives and tapes market in Saudi Arabia on the basis of key products such as acrylic, epoxy, polyvinyl acetate (PVAc), ethyl vinyl acetate (EVA), polyurethane (PU), and others (including silicone and polyisobutylene). It provides forecasts and estimates for each product segment in terms of revenue and volume during the forecast period. The study also analyzes market attractiveness for all products of adhesives and tapes with the help of the market attractiveness tool. Additionally, the study segments the adhesives and tapes market in Saudi Arabia into key end-users such as packaging, footwear, construction, furniture, and others (including, bookbinding, automotive, and electronics). It includes forecasts and estimates for each end-user segment in terms of revenue and volume between 2014 and 2023.

Increasing demand for adhesives and tapes in key end-user industries such as packaging and construction is projected to fuel the adhesives and tapes market in Saudi Arabia. However, downward pressure on manufacturers’ margins due to volatility in crude oil prices is likely to hamper growth of the adhesives and tapes market in Saudi Arabia during the forecast period.

Value chain analysis and Porter’s Five Forces Model have been presented to provide a comprehensive view of the market. These would also help understand specifics of the industry structure apart from giving an overview of degree of competitiveness. The report also includes detailed profiles of key players such as Henkel AG & Company KGaA, Avery Dennison Corporation, BASF SE, H.B. Fuller Company, Ashland Inc, Bostik SA, Nitto Denko Corporation, Scapa plc, tesa SE, The Dow Chemical Company, Dymax Corporation, SAAF Co. Ltd., ABRO Industries Inc., and Sika AG. A detailed description of players includes parameters such as company overview, financial overview, business strategies, upcoming facilities, capacity addition, mergers, acquisitions, and joint ventures, new products, and recent developments.

The report segments the adhesives and tapes market in Saudi Arabia as follows:
  • Saudi Arabia Adhesives and Tapes Market - Technology Analysis
    • Pressure Sensitive
    • Hot Melt
    • Others (Including Moisture Curing, Radiation Curing, Heat Curing, and Chemical Curing)
  • Saudi Arabia Adhesives and Tapes Market - Formulation Analysis
    • Water Based
    • Spray & Cylinder Based
  • Saudi Arabia Adhesives and Tapes Market - Product Segment Analysis
    • Acrylic
    • Epoxy
    • PVAc
    • EVA
    • Polyurethane
    • Others (Including Silicone and Polyisobutylene)
  • Saudi Arabia Adhesives and Tapes Market - End-user Analysis
    • Packaging
    • Footwear
    • Construction
    • Furniture
    • Others (Including Automotive, Electronics, Bookbinding, etc.)


 
 
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