Saudi Arabia Construction Sealants Adhesives Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titledSaudi Arabia Construction Sealants Adhesives Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Saudi Arabia Construction Sealants Adhesives market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
Saudi Arabia Construction Sealants Adhesives Reports Highlights
What is the size of the Saudi Arabia Construction Sealants Adhesives Market?
The Saudi Arabia Construction Sealants Adhesives Market size was valued at USD 16.3 billion in 2022 is estimated to grow at a CAGR of around 5.1% during the forecast period, i.e., 2023-28. This can be attributed to the thriving investments by the government to expand infrastructure develop smart cities, the growing tourism sector, and the rising number of hospitals clinics.
Most of the market expansion is primarily due to a massive upsurge in the population urban development, especially in developing areas. This has led to rising demand for residential buildings, including permanent housing, in Saudi Arabia, which has contributed to enhancing the market share.
What do the growth prospects and trends look like in the Saudi Arabia Construction Sealants Adhesives Industry?
Growing Prevalence of the Tourism Sector to Offer Growth Opportunities The surge in Saudi Arabia's tourism sector has resulted in the development of numerous hotels resorts across the country, which is creating growth opportunities for the Saudi Arabia Construction Sealants Adhesives Market. The appropriate sealants adhesives are massively utilized to ensure the longevity robustness of these structures.
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What Components are encompassed within Saudi Arabia Construction Sealants Adhesives Market segmentation?
The report has divided the market into the following segments:
By Sealants Type
-Silicone
-Polyurethane
-Emulsion
-Polysulfide
By Adhesive Technology
-Water-based
--Acrylic
--Polyvinyl Acetate (PVA) Emulsion
--Ethylene Vinyl Acetate (EVA) Emulsion
--Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
-Solvent-based
--Chloroprene Rubber
--Styrene Butadiene Rubber (SBR)
--Poly Acrylate (PA)
-Hot-melt
--Ethylene Vinyl Acetate
--Styrenic Block Copolymers
--Thermoplastic Polyurethane
--Reactive
--Polyurethane
--Epoxy
--Modified Acrylic
--Anaerobic
--Silicone
By Application
-Bonding
-Protection
-Insulation
-Cable Management
-Sound Proofing
-Others (Glazing, Flooring Joining, Sanitary Kitchen, etc.)
By End Users
-Residential
-Commercial
-Industrial
By Region
-West
-East
-Central
-South.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-BASF S.E.
-Dow Chemicals
-DuPont
-Fafa Adhesive Labeling Company
-3M Company
-Nordson Corporation
-Polywed Construction Chemicals
-Sika AG
-Saveto
-SAAF Technology Co. Ltd.
-Others.
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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