Transparency Market Research has published a new report on the Saudi
Arabia adhesives and tapes market. As per the new report, the Saudi
Arabia adhesives and tapes market will grow at a 5.50% CAGR during
the period from 2015 to 2023. The report, titled ‘Adhesives and
Tapes Market - Saudi Arabia Industry Analysis, Size, Share, Growth,
Trends and Forecast 2015 - 2023’, states that the Saudi Arabia
adhesives and tapes market stood at a value of US$632.5 mn in 2014
and is predicted to reach US$1,008.9 mn by 2023.
The Saudi Arabia adhesives and tapes market is predicted to develop
rapidly during the forecast period due to the increasing demand for
adhesives and tapes from the construction and packaging industries
across the region. Expansion of trading activities in different areas
of Saudi Arabia will further propel the adhesives and tapes market.
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The Saudi Arabia adhesives and tapes market is segmented on the basis
of technology, formulation, products, and end user. By technology,
the Saudi Arabia adhesives and tapes market is divided into pressure
sensitive, hot melt, and others. In 2014, the pressure sensitive
adhesives and tapes market was in the leading position, with a 50%
market share.
By formulation, the market for adhesives and tapes was dominated by
water-based formulations in 2014. As water-based formulations emit
minimum volatile organic compounds and are thus eco-friendly, they
have been commonly used in many industries. Based on product type,
the Saudi Arabia adhesives and tapes market is divided into acrylic,
epoxy, PVAc, EVA, and polyurethane. In terms of volume, in 2014, the
Saudi Arabia adhesives and tapes market was dominated by acrylic
products. Polyurethane (PU) is used in high volumes in industries
such as construction, automotive, and footwear in Saudi Arabia.
The Saudi Arabia adhesives and tapes market is fragmented in nature,
as many prominent companies offer adhesives and tapes. The Saudi
Arabia adhesives and tapes market comprises a large number of
multinational players and a relatively small number of domestic
players. The multinational companies have vertically combined
operations, offering them a competitive advantage over the domestic
players. Some of the leading players in the Saudi Arabia adhesives
and tapes market are Henkle AG and Company KGaA, BASF SE, Ashnald
Inc., 3M Company, Nitto Denko Corporation, The Dow Chemical Company,
Sika AG, Dymax Corporation, Avery Dennison Corporation, and H.B.
Fuller Company.
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Market Research Report with ToC & Analysis :
Rising demand for adhesives and tapes from various industries such as
bookbinding, construction, crafts, furniture, footwear, packaging,
and medical will drive the Saudi Arabia adhesives and tapes market
during the forecast period. Constant demand for adhesives and tapes
from end-use industries including construction and packaging is
expected to propel the Saudi Arabia adhesives and tapes market during
the forecast period.
Key
segments of The Global Radiofrequency Identification (RFID) Market
Saudi
Arabia Adhesives and Tapes Market - Technology Analysis
- Pressure Sensitive
- Hot Melt
- Others (Including Moisture Curing, Radiation Curing, Heat Curing, and Chemical Curing)
Saudi
Arabia Adhesives and Tapes Market - Formulation Analysis
- Water Based
- Spray & Cylinder Based
Saudi
Arabia Adhesives and Tapes Market - Product Segment Analysis
- Acrylic
- Epoxy
- PVAc
- EVA
- Polyurethane
- Others (Including Silicone and Polyisobutylene)
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