Middle East & Africa Construction Adhesives Market Size & Outlook
Middle East & Africa construction adhesives market, 2018-2030 (US$M)
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MEA construction adhesives market highlights
- The MEA construction adhesives market generated a revenue of USD 387.7 million in 2022.
- The market is expected to grow at a CAGR of 6.9% from 2023 to 2030.
- In terms of segment, water based was the largest revenue generating technology in 2022.
- Reactive & Others 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 387.7 million |
| Market revenue in 2030 | USD 663.5 million |
| Growth rate | 6.9% (CAGR from 2022 to 2030) |
| Largest segment | Water based |
| Fastest growing segment | Reactive & Others |
| 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 | 3M Co, Sika AG, Dow Inc, Arkema SA, Henkel AG & Co KGaA, Illinois Tool Works Inc, Avery Dennison Corp, RPM International Inc, H.B. Fuller Co, Franklin International |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.6% of the global construction adhesives market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,876.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Construction Adhesives Market Scope
Construction Adhesives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa construction adhesives 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 construction adhesives market will help companies and investors design strategic landscapes.
Water based was the largest segment with a revenue share of 34.98% in 2022. Horizon Databook has segmented the Middle East & Africa construction adhesives market based on water based, solvent based, reactive & others covering the revenue growth of each sub-segment from 2018 to 2030.
According to the IMF, the GDP of the Middle East was valued at approximately USD 2.81 trillion in 2018 and is expected to reach USD 3.31 trillion by 2023. As per the reports of the World Bank, the economy of the Middle East & Africa region grew at a rate of 2.0% in 2018 as compared to 1.4% in 2017.
Stabilization and positive impact of reforms in many countries in the region reflect positive regional growth, thereby benefiting the Middle East & Africa construction output. Sub-Saharan African countries' quick development in the region offers an attractive opportunity.
For instance, the rate of urbanization in sub-Saharan Africa is predicted to be 3.6% in 2017, which is the highest rate of any region in the globe. As a result, construction sector in the Middle East & Africa is projected to grow at a positive rate, thereby boosting the demand for construction adhesives in the region.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa construction adhesives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa construction adhesives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Construction Adhesives Market Outlook Share, 2022 & 2030 (US$M)
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