MEA Cyanoacrylate Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Cyanoacrylate Adhesives Market Analysis
The Middle-East and Africa cyanoacrylate adhesives market is expected to grow with a CAGR greater than 4% during the forecast period. One of the major factors driving the market is the growing demand from the electronics and furniture industries in the region. However, volatility in the raw material prices is hindering the growth of the market studied.
- Among the countries, Saudi Arabia is likely to occupy the major market share during the forecast period.
- Among the end-user industries, the healthcare industry is likely to witness the highest growth rate during the forecast period.
MEA Cyanoacrylate Adhesives Market Trends
This section covers the major market trends shaping the MEA Cyanoacrylate Adhesives Market according to our research experts:
Healthcare Industry to Witness the Highest Growth Rate
- The number of surgeries performed in the Middle-East & Africa region witnessed significant growth in the past few years. Sutures, staples, and metallic grafts are an integral part of the surgery, and also the highest standard possible at present for wound closure.
- However, the pain and discomfort caused by these invasive techniques have led to an urgent need for the development of tissue adhesives for surgical settings.
- The ester form of cyanoacrylate, N-butyl-2-cyanoacrylate, is one of the adhesive components that have been widely used as a tissue adhesive in medical and veterinary applications for surgical wound closure and to close the wounds from cat declawing, etc.
- Cyanoacrylate adhesives even acquired the gold standard status in medical adhesives, which helped these adhesives to retain good market share in the medical adhesives market.
- Technological advancements in improving non-toxicity are driving the demand for cyanoacrylate adhesives market.
- Hence, owing to the above-mentioned reasons, healthcare industry is likely to witness the highest growth rate during the forecast period.
Saudi Arabia to Dominate the Market
- Saudi Arabia accounts for the highest market share of the Middle-East and Africa Cyanoacrylate market currently owing to the high demand from its end-user industries.
- The market demand for cyanoacrylate adhesives in the country is majorly driven by expanding various industries such as electronics and furniture in the country.
- Although the electronics market in Saudi Arabia slowed down in the recent past, it has good market potential with the increasing population and demand for electronic goods, such as LED lights, LCD/LED screens for mobiles, laptops, televisions, and other appliances. This market arena is quite instrumental in boosting the market demand for methanol in the country over the forecast period.
- Furthermore, increasing usage in the medical application, such as dental and surgical adhesives, and rising standard of living is increasing the demand for home furnishings, which in turn, will offer numerous opportunities in the growth of the cyanoacrylate adhesives market, in the country.
- However, curfew has been called (for a brief period) for in the Kingdom in mid-March to tackle the growing COVID-19 cases in the Gulf region. This, along with the recent fall in the crude oil prices, is likely to leave an impact on the economic growth of the country in 2020, to some extent.
MEA Cyanoacrylate Adhesives Industry Overview
The Middle-East and Africa cyanoacrylate 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, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG, among others.
MEA Cyanoacrylate Adhesives Market Leaders
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3M
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Henkel AG & Co. KGaA
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H.B. Fuller Company
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Arkema Group
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Sika AG
*Disclaimer: Major Players sorted in no particular order
MEA Cyanoacrylate Adhesives Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Growing Demand from Electronics and Furniture Industries
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4.1.2 Other Drivers
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4.2 Restraints
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Product Type
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5.1.1 Alkoxy Ethyl-based
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5.1.2 Ethyl Ester-based
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5.1.3 Methyl Ester-based
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5.1.4 Other Product Types
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5.2 End-user Industry
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5.2.1 Transportation
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5.2.2 Footwear & Leather
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5.2.3 Furniture
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5.2.4 Consumer Goods
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5.2.5 Healthcare
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5.2.6 Electronics
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5.2.7 Other End-user Industries
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5.3 Geography
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5.3.1 Saudi Arabia
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5.3.2 South Africa
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5.3.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 3M
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6.4.2 Arkema
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6.4.3 Dow
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6.4.4 H.B. Fuller Company
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6.4.5 Henkel AG & Co. KGaA
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6.4.6 Jowat SE
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6.4.7 Sika AG
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6.4.8 tesa SE
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
MEA Cyanoacrylate Adhesives Industry Segmentation
The Middle-East and Africa Cyanoacrylate Adhesives market report include:
| Product Type | |
| Alkoxy Ethyl-based | |
| Ethyl Ester-based | |
| Methyl Ester-based | |
| Other Product Types |
| End-user Industry | |
| Transportation | |
| Footwear & Leather | |
| Furniture | |
| Consumer Goods | |
| Healthcare | |
| Electronics | |
| Other End-user Industries |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| Rest of Middle-East and Africa |
MEA Cyanoacrylate Adhesives Market Research FAQs
What is the current Middle-East and Africa Cyanoacrylate Adhesives Market size?
The Middle-East and Africa Cyanoacrylate Adhesives Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Cyanoacrylate Adhesives Market?
3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group and Sika AG are the major companies operating in the Middle-East and Africa Cyanoacrylate Adhesives Market.
What years does this Middle-East and Africa Cyanoacrylate Adhesives Market cover?
The report covers the Middle-East and Africa Cyanoacrylate Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Cyanoacrylate Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Cyanoacrylate Adhesives Industry Report
Statistics for the 2024 Middle-East and Africa Cyanoacrylate Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Cyanoacrylate Adhesives analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
