Middle-East and Africa Reactive Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Middle-East & Africa market is expected to grow at with a CAGR greater than 6% during the forecast period. One of the major factors driving the market is the rapid growth of solar electricity market in the region. However, negative effects of epoxy and acrylic reactive adhesives on skin is hindering the growth of the market studied.

• Growing popularity of heat-resistant products is expected to provide a major growth opportunity for the market studied.
• Saudi Arabia accounted for the highest share of the market and is likely to continue dominating the market during the forecast period.
• Among the end-user industries, renewable energy industry dominated the market studied owing to the high demand from decking application.

Key Market Trends

Renewable Energy Industry to Witness the Highest Growth Rate

• The consumption of wind energy has been significantly increasing in the Middle-East & Africa region in the past few years.
• Wind energy offers many advantages over traditional energy sources which include unlimited & free energy, clean and non-polluting way to generate electricity. Unlike other types of power plants, it emits no air pollutants or greenhouse gases.
• Reactive adhesives are used to bond blades together. They offer a solution of reduced weight, as well as providing benefits in reduced assembly time and corrosion protection.
• Hence, owing to the above-mentioned factors, renewable energy industry is likely to witness the highest growth rate during the forecast period.

Saudi Arabia to Dominate the Market

• Saudi Arabia accounts for the major share of the Middle-East & Africa Reactive Adhesives Market currently owing to the high demand from construction, aerospace, and electronics industry.
• The aircraft fleet in the Middle Eastern region is expected to be doubled in the next 10 years, owing to the increased air traffic, majorly from the Middle East to Africa. Infrastructure development and technological advances are primarily being focused by the Saudi Arabian aerospace industry to smoothen the market entry for multinational players into the country.
• Government and private investments in different sectors in the country have increased the industrial and commercial building and construction activity in the country which has boosted the demand for reactive adhesives in the country.
• Hence, owing to the above-mentioned reasons, Saudi Arabia is likely to dominate the market studied during the forecast period.

Competitive Landscape

The Middle-East & Africa reactive adhesives market is moderately fragmented as the market of the market share is divided among a large number of players. Some of the key players in the market include 3M, Collano AG, Arkema Group, Jowat SE, and Henkel AG & Co. KGaA, among others.

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