Middle East & Africa Composite Adhesive Market Size & Outlook
Middle East & Africa composite adhesive market, 2018-2030 (US$M)
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MEA composite adhesive market highlights
- The MEA composite adhesive market generated a revenue of USD 53.0 million in 2023.
- The market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, epoxy was the largest revenue generating product in 2023.
- Acrylic is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 53.0 million |
| Market revenue in 2030 | USD 71.5 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Epoxy |
| Fastest growing segment | Acrylic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Acrylic, Epoxy, Polyurethane, Cyanoacrylate, Other Products |
| Key market players worldwide | 3M Co, Arkema SA, Dow Inc, Henkel AG & Co KGaA, H.B. Fuller Co, Huntsman Corp, Illinois Tool Works Inc, Parker Hannifin Corp, Sika AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.5% of the global composite adhesive market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 1,135.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Composite Adhesive Market Scope
Composite Adhesive Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa composite adhesive 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 composite adhesive market will help companies and investors design strategic landscapes.
Epoxy was the largest segment with a revenue share of 37.36% in 2023. Horizon Databook has segmented the Middle East & Africa composite adhesive market based on acrylic, epoxy, polyurethane, cyanoacrylate, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the MEA composite adhesive market is anticipated to be high in various application segments such as aerospace & defense, construction, and automotive. Countries including Israel, Jordan, Kuwait, Lebanon, Saudi Arabia, and Oman are the leading spenders on the defense budget, which is likely to remain a promising factor for the market growth over the forecast period.
In September 2021, CSIR developed a polymer composite solution for Hall Longmore, one of the leading steel pipe manufacturers in Africa. This new product is expected to help Hall Longmore in offering a domestic push-fit application for pressurized steel pipelines for the South African water industry.
Potential growth opportunities in Africa are attracting adhesive manufacturers to expand their presence in the region. For example, the strategy of Arkema to target high-growth regions was implemented in Africa as well.
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Target buyers of Middle East & Africa composite adhesive market databook
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Our clientele includes a mix of composite adhesive 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa composite adhesive market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa composite adhesive market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA composite adhesive market outlook size, by country, 2018-2030 (US$M)
Middle East & Africa Composite Adhesive Market Outlook Share, 2023 & 2030 (US$M)
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