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

Adhesives and Tapes Market (Products - Acrylic, Epoxy, PVAc, EVA, Polyurethane, and Silicone and Polyisobutylene; Technologies - Pressure Sensitive, Hot Melt, and Moisture Curing, Radiation Curing, Heat Curing, and Chemical Curing; Formulations - Water Based and Spray and Cylinder Based; End Users - Packaging, Footwear, Construction, Furniture, and Automotive, Electronics, and Bookbinding) - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 - 2023

Saudi Arabia Adhesives and Tapes Market: Snapshot

The Saudi Arabia adhesives and tapes market is prophesied to gain impetus on the back of an augmenting demand in profit-making sectors, especially construction and packaging. First developed in 1960 on a commercial platform, modern-day adhesives and even tapes are engaged in various forms for the purpose of binding a wide range of substrates, including ceramics, textiles, metal, plastic, paper, and wood. The other key end users in the Saudi Arabia adhesives and tapes market are prognosticated to be furniture, medical, bookbinding, automotive, electronics, and footwear industries.

From 2015 to 2023, the adhesives and tapes market for Saudi Arabia could achieve a 5.5% CAGR. By 2023, the Saudi Arabia adhesives and tapes market is expected to earn a valuation of approximately US$1.0 bn, a telling progress from US$0.6 bn in 2016. Manufacturers operating in the adhesives and tapes market for Saudi Arabia could feel the pressure on their profit margins as downstream petrochemical prices are affected by volatility in crude oil prices. Howbeit, growth opportunities birthed from the increase in demand for sustainable flexible packaging solutions in the food and beverage sector are envisaged to pamper manufacturers with endurable advantages.

Global Trade Activities and Globalization Reward Support to Packaging

By end user, the packaging sector is anticipated to be a dominant segment with a more than 37.0% share secured in the Saudi Arabia adhesives and tapes market until the concluding forecast year. The packaging adhesives and tapes market in Saudi Arabia could witness the rise of applications such as graphic, labeling, sealing, and wrapping. The packaging industry in the Saudi Arabia adhesives and tapes market is envisioned to be bolstered by the high growth in international trade activities and globalization. As a result, packaging could also be a faster growing segment in the adhesives and tapes market for Saudi Arabia.

Predicted to account for a larger share second to that of packaging, construction could see a significant growth in the Saudi Arabia adhesives and tapes market, however, at a marginally reduced pace. The consumption in the construction adhesives and tapes market for Saudi Arabia could belong to the high-volume low-value category. Products that offer permanent adhesion could attract a handsome demand in the construction segment of the Saudi Arabia adhesives and tapes market.

The footwear segment of the Saudi Arabia adhesives and tapes market could hold a direct relation with the purchase power and disposable income parity of the general population and other microeconomic factors.

Key Geographies Benefit by Leading Pressure Sensitive Technology Advocating Demand

Major geographies of the Saudi Arabia adhesives and tapes market are foretold to win demand while riding on the bonding strength and versatile properties of different types of product such as epoxy, polyurethane (PU), polyvinyl acetate (PVAc), and acrylic. Furthermore, these chemical compounds could be used to create a broad scope of formulations with the help of solvents and water.

In order to attain the best share in the adhesives and tapes market, geographical markets in Saudi Arabia are forecasted to leverage opportunities produced by faster growing technologies such as hot melt and radiation curing adhesives. However, a massive count of growth prospects taking precedence on account of the lead taken by pressure sensitive technology could optimistically influence the geographical outlook of the Saudi Arabia adhesives and tapes market.

Some of the prominent players projected to work toward achieving an upward trend in their growth are Ashland Inc., Avery Dennison Corporation, Bostik SA, H.B. Fuller Co., and Henkel AG & Co. KgaA. The aforementioned companies are studied to offer a wide assortment of products in the Saudi Arabia adhesives and tapes market and boast of their global presence.

 
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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