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Adhesives and tapes are materials for binding used to join two surfaces. These are utilized as smaller trades for latches, for example, nails screws, and clamps. Adhesives and tapes are utilized in bundling, development, footwear, furniture, car, bookbinding, artworks, and pharmaceuticals sectors in Saudi Arabia. 

The Saudi Arabia adhesives and tapes market is anticipated to grow quickly in the forthcoming years. This is because of the expanding demand for adhesives and tapes from the development and bundling enterprises globally. Extension of exchanging exercises various territories of Saudi Arabia will additionally drive the adhesives and tapes market. 

The Saudi Arabia adhesives and tapes market are probably going to be driven by rising demand from construction and packaging sectors. There is a rise in demand for the packaging sector in the forthcoming years because of fast development of exchange exercises Saudi Arabia. This, thus, is anticipated to support demand for adhesives and tapes in the following couple of years. Also, increment in construction exercises is relied upon to fuel demand for adhesives and tapes in the construction business. 

Nevertheless, accessibility of substitutes for adhesives and tapes in the entirety of its application regions is probably going to hamper development of the adhesives and tapes market in the forthcoming years. Regarding opportunity, utilization of adhesives and tapes in high-esteem adaptable packaging solutions in purchaser enterprises, for example, food and beverages, is foreseen to open new prospects for development sooner rather than later. 

Polyurethane and Acrylic to Hold Prominent Shares in the Market 

The adhesives and tapes market are categorized based on products, end user, technology, and formulation. On the basis of technology, the adhesives and tapes market is divided into pressure sensitive, and hot melt. Among these, the pressure sensitive category was leading the adhesives and tapes market, acquiring over half of revenue share of the market. On the basis of formulation, the adhesives and tapes market were led by water-based formulations in the recent years. On the basis of product type, the adhesives and tapes market were categorized into polyurethane, acrylic, PVAc, epoxy, and EVA. On the basis of volume, the Saudi Arabia adhesives and tapes market was led by acrylic products in the past few years. Polyurethane is utilized in high volumes in sectors for example footwear, construction, and automotive in Saudi Arabia. 

Saudi Arabia to Register Highest Demand on the Binding 

The significant region i.e., Saudi Arabia adhesives and tapes market are predicted to win demand while riding on the binding quality and flexible properties of various kinds of item, for example, polyvinyl acetic acid, acrylic, polyurethane, and epoxy. Besides, these chemical compounds could be utilized to make an expansive extent of formulations with the assistance of solvents and water. 

So as to accomplish the best offer in the adhesives and tapes market, regional markets in Saudi Arabia are estimated to use prospects delivered by more quickly developing innovations, for example, radiation curing and hot melt adhesives. Nonetheless, a huge development prospects assessing the lead taken by pressure sensitive technology could hopefully impact the regional standpoint of the Saudi Arabia adhesives and tapes market. 

Some of the major companies likely to operate toward attaining an upward inclination in their development are Henkel AG & Co. KgaA, Bostik SA, Avery Dennison Corporation, H.B. Fuller Co., and Ashland Inc. The above-mentioned enterprises are studied to offer an extensive assortment of products in the adhesives and tapes market and boast of their global existence.

 
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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Saudi Arabia Adhesives Tapes Market

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