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:
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