Middle East & Africa Building And Construction Sealants Market Size & Outlook
Middle East & Africa building and construction sealants market, 2018-2030 (US$M)
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MEA building and construction sealants market highlights
- The MEA building and construction sealants market generated a revenue of USD 269.2 million in 2022.
- The market is expected to grow at a CAGR of 9.2% from 2023 to 2030.
- In terms of segment, reactive & others was the largest revenue generating technology in 2022.
- Water Based is the most lucrative technology segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 269.2 million |
| Market revenue in 2030 | USD 544.4 million |
| Growth rate | 9.2% (CAGR from 2022 to 2030) |
| Largest segment | Reactive & others |
| Fastest growing segment | Water Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water Based, Solvent Based, Reactive & Others |
| Key market players worldwide | Sika AG, 3M Co, Dow Inc, H.B. Fuller Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.0% of the global building and construction sealants market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 735.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Building And Construction Sealants Market Scope
Building And Construction Sealants Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa building and construction sealants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to building and construction sealants market will help companies and investors design strategic landscapes.
Reactive & others was the largest segment with a revenue share of 37.44% in 2022. Horizon Databook has segmented the Middle East & Africa building and construction sealants market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
The GDP growth across GCC is expected to reach 2.3% in 2017 influenced by the present oil price rebound, increased market confidence and strategic initiatives aimed at reduced dependency on oil such as Vision 2030 in Saudi Arabia.
Reducing volume of construction projects due to the tightened government budgets has created a downward pressure on pricing and reduced margins in the preparation of project budgets.
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Target buyers of Middle East & Africa building and construction sealants market databook
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Our clientele includes a mix of building and construction sealants market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa building and construction sealants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa building and construction sealants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA building and construction sealants market size, by country, 2018-2030 (US$M)
Middle East & Africa Building And Construction Sealants Market Outlook Share, 2022 & 2030 (US$M)
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