Adhesives and tapes are materials with adhesive properties and they easily stick to various surfaces by the application of a little pressure. They refer to the chemical formulations employed for the binding of two substrates and are majorly being used in packaging, construction, footwear, automotive, medical, furniture, bookbinding, and electronic industries. Adhesives and tapes present the benefits of making solutions and products more compact and lighter, and also feature shorter processing time. These are utilized as good alternative for fasteners, joints, nails, clamps, and screws.
Browse Full Saudi Arabia Adhesives and Tapes Market Report with TOC :http://www.mrrse.com/saudi-arabia-adhesives-tapes-market
Soaring Food and Beverage Industry to Boost Saudi Arabia Adhesives and Tapes Market
The rising demand for adhesives and tapes from the major end-use industries such as that of construction and packaging is poised to stimulate the adhesives and tapes market in Saudi Arabia. In addition, the growing utilization of adhesives and tapes in the food and beverage industry for a number of packing applications will also positively impact the development of the Saudi Arabia adhesives and tapes market. However, the inconsistent prices of crude oil may pose a downward pressure on the margins of the major manufacturers of adhesives and tapes in Saudi Arabia. This may negatively impact the growth of the Saudi Arabia adhesives and tapes market.
Pressure Sensitive Technology Constituted a Share of over 50% in 2014
On the basis of technology, the Saudi Arabia adhesives and tapes market is segmented into hot melt, pressure sensitive, and other types of adhesives and tapes. Of these, by volume, the segment of pressure sensitive technology led the market by representing a share of over 50% in 2014. On the other hand, hot melt technology is predicted to be the most swiftly growing segment within Saudi Arabia in the coming years. This is owing to the soaring demand for hot melt adhesives and tapes from the furniture and construction industries within Saudi Arabia. Product-wise, the segment of acrylic adhesives and tapes led the market in 2014 with a share of more than 30% and will continue to maintain its superiority in the coming years in Saudi Arabia. On the other hand, polyvinyl acetate (PVAc) is anticipated to be the most rapidly growing segment in the Saudi Arabia adhesives and tapes market.
Industrial Application of Adhesives and Tapes Highest in Saudi Arabia Packaging Industry
Adhesives and tapes are utilized by a number of end-use industries in the Saudi Arabia, namely footwear, packaging, furniture, construction, and others including electronics, automotive, bookbinding, etc. Amongst these, the packaging industry is the prime consumer of adhesives and tapes within Saudi Arabia. This is because of the increasing usage of adhesives and tapes for labeling, bonding, and sealing applications within the packaging industry. In addition, the construction industry also highly utilizes adhesives and tapes in applications such as thermal, structural, tile, and audio insulation panel bonding. Hence, the expanding packaging and construction industries will positively impact the development of the Saudi Arabia adhesives and tapes market. The expansion in these industries is owing to the increasing activities of trade and the rising number of investments in these two industries within Saudi Arabia.
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Henkel AG & Company KGaA, 3M Company, BASF SE, H.B. Fuller Company, Avery Dennison Corporation, Ashland Inc, Nitto Denko Corporation, and The Dow Chemical Company, among others are the prime players dominant in the adhesives and tapes market in Saudi Arabia.