Global Middle East Hot Melt Adhesives Market Overview and Insights:
According to MarkNtel Advisors Report, Global Middle East Hot Melt Adhesives Market projected to grow at a CAGR of around 5.67% during the forecast period, i.e., 2023-28.
Middle East Hot Melt Adhesives Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Time Period Captured in the Report:
Historical Years: 2018-21
Base Years: 2022
Forecast Years: 2023-28
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Possible Restraint: High Prices & Lack of Awareness Among End-Users to Hinder the Market
Hot melt adhesives are relatively expensive compared to other types of adhesives, such as water solvent & solvent-based adhesives. The thermal load property of these adhesives confines their use in end-user industries, including automotive, packaging, etc., owing to their sensitive nature compared to others. Hence, this limit the adoption of these adhesives among certain end-users, particularly small & medium-sized enterprises. Furthermore, some end-users are not fully aware of the benefits & advantages offered by hot melt adhesive, which is expected to hinder the market growth during the forecast period.
Who are the Key Players Operating in the Middle East Hot Melt Adhesives Industry?
The top companies of the Middle East Hot Melt Adhesives market ruling the industry are:
- 3M
- Jowat SE
- Arkema Group
- Henkel AG & Co. KGaA
- Sika AG
- B. Fuller Company
- Dow Chemicals
- DuPont
- Bostik
- Huntsman Corporation
- Others
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What is Included in Middle East Hot Melt Adhesives Market Segmentation?
The report has segmented the market into the following categories:
-By End Users
- Automotive
- Buildings & Construction
- Electronics
- Healthcare
- Others (Paper, Board & Packaging, Textile etc.)
Here, Automotive accounted for the majority of end-use consumption of hot melt adhesives during the historical period, owing to the resourcefulness of resin-based hot melt adhesives & long-lasting durability in automotive work applications. Further, several applications in automobiles require highly heat-resistant materials that can hold the parts together & sustain them for a long time, increasing the reliability of automotive players on such adhesives.
Moreover, in recent year, automotive manufacturers have grown reliance on using these adhesives, as these adhesive helps to remove the dents in the paintwork. Thus, the demand for hot melt adhesive is expected to positively enhance in the automotive industry, contributing to the market growth during 2023-2028.
-By Resin Types
- Ethylene Vinyl Acetate
- Thermoplastic Polyurethane
- Styrenic-butadiene Copolymers
- Others ( Phenoxy resins, Polyesters, etc.)
Geographical Analysis:
-By Country
- The UAE
- Saudi Arabia
- Qatar
- Egypt
- Turkey
- Rest of Middle East
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