How big is the Saudi Arabia Construction Sealants & Adhesives market?
According to MarkNtel Advisors study, The Saudi Arabia Construction Sealants & Adhesives Market size was valued at around USD 16.3 billion in 2022 and is estimated to grow at a CAGR of about 5.1% during the forecast period, i.e., 2023-28.
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Saudi Arabia Construction Sealants & Adhesives Market Driver:
Exponential Increase in the Demand for Energy-efficient Buildings – The Saudi Arabian government has taken a strong stance on decreasing energy usage, and they have an effective plan in place. One vital aspect of this plan is promoting the construction of energy-efficient buildings. To achieve this, the use of sealants & adhesives is rapidly rising since they are envisioned to play a significant role in enhancing building energy efficiency, thus driving market growth.
Moreover, by sealing leaks & preventing air infiltration, these materials contribute to lower heating & cooling expenses for buildings, which would further support the Saudi Arabia Construction Sealants & Adhesives Market growth in the future years as well.
Leading Companies in the Saudi Arabia Construction Sealants & Adhesives market:
- BASF S.E.
- Dow Chemicals
- DuPont
- Fafa Adhesive & Labeling Company
- 3M Company
- Nordson Corporation
- Polywed Construction Chemicals
- Sika AG
- Saveto
- SAAF Technology Co. Ltd.
- Others
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Saudi Arabia Construction Sealants & Adhesives Market Segmentation:
By Sealants Type
- Silicone
- Polyurethane
- Emulsion
- Polysulfide
Silicone holds the plurality of the Saudi Arabia Construction Sealants & Adhesives Market Share since these are resin-based sealants that are widely applied for both interior & exterior purposes.
By Adhesive Technology
- Water-based
- Acrylic
- Polyvinyl Acetate (PVA) Emulsion
- Ethylene Vinyl Acetate (EVA) Emulsion
- Polyurethane Dispersion and CR (Chloroprene Rubber) Latex
- Solvent-based
- Chloroprene Rubber
- Styrene Butadiene Rubber (SBR)
- Poly Acrylate (PA)
- Hot-melt
- Ethylene Vinyl Acetate
- Styrenic Block Copolymers
- Thermoplastic Polyurethane
- Reactive
- Polyurethane
- Epoxy
- Modified Acrylic
- Anaerobic
- Silicone
By Application
- Bonding
- Protection
- Insulation
- Cable Management
- Sound Proofing
- Others (Glazing, Flooring & Joining, Sanitary & Kitchen, etc.)
By End Users
- Residential
- Commercial
- Industrial
Regional/ Countries Insight:
- West
- East
- Central
- South
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