Market Size of Middle-East and Africa Cyanoacrylate Adhesives Industry
| 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 |
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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 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 |
Middle-East and Africa Cyanoacrylate Adhesives Market Size Summary
The Middle-East and Africa cyanoacrylate adhesives market is poised for growth, driven primarily by increasing demand from the electronics and furniture sectors. Despite challenges such as fluctuating raw material prices, the market is expected to expand, with Saudi Arabia holding a significant portion of the market share. The healthcare industry is anticipated to experience the highest growth rate, fueled by the rising number of surgeries and the need for advanced tissue adhesives. Cyanoacrylate adhesives, particularly N-butyl-2-cyanoacrylate, have gained prominence in medical applications due to their effectiveness in surgical wound closure, earning them a gold standard status in medical adhesives. Technological advancements aimed at reducing toxicity further bolster their demand in the healthcare sector.
In Saudi Arabia, the cyanoacrylate adhesives market benefits from the burgeoning electronics and furniture industries, despite recent slowdowns in the electronics sector. The increasing population and demand for electronic goods, alongside the rising standard of living, contribute to the market's growth prospects. Additionally, the expanding use of cyanoacrylate adhesives in medical applications, such as dental and surgical adhesives, presents further opportunities. However, economic factors like the COVID-19 pandemic and fluctuating crude oil prices pose potential challenges. The market is moderately fragmented, with key players including 3M, Henkel AG & Co. KGaA, H.B. Fuller Company, Arkema Group, and Sika AG, among others, sharing the market landscape.
Middle-East and Africa Cyanoacrylate Adhesives Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand from Electronics and Furniture Industries
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1.1.2 Other Drivers
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1.2 Restraints
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1.3 Industry Value-chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Consumers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Alkoxy Ethyl-based
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2.1.2 Ethyl Ester-based
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2.1.3 Methyl Ester-based
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2.1.4 Other Product Types
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2.2 End-user Industry
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2.2.1 Transportation
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2.2.2 Footwear & Leather
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2.2.3 Furniture
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2.2.4 Consumer Goods
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2.2.5 Healthcare
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2.2.6 Electronics
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2.2.7 Other End-user Industries
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 South Africa
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2.3.3 Rest of Middle-East and Africa
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Middle-East and Africa Cyanoacrylate Adhesives Market Size 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.
