MEA Electronics Adhesives Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 8.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
MEA Electronics Adhesives Market Analysis
The Middle-East & Africa electronics adhesives market is expected to grow at with a CAGR greater than 8% during the forecast period. One of the major factors driving the market is the growing demand from the developing countries of the region. However, volatility in the raw material prices is hindering the growth of the market studied.
- Growing demand and penetration of electric vehicles 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 application areas, surface mounting is expected to dominate the market studied during the forecast period.
MEA Electronics Adhesives Market Trends
This section covers the major market trends shaping the MEA Electronics Adhesives Market according to our research experts:
Surface Mounting Application to Dominate the Market
- Surface mounting, also known as chip bonding, accounts for the highest share of the Middle-East and Africa electronics adhesives market.
- The major types of adhesives used in this application include mostly one-component systems, made from acrylics, epoxies, or urethane acrylates, and can be either electrically or thermally conductive.
- These adhesives used have superior physical and chemical quality which helps them to have a long shelf life, a high wet strength, rapid curing, strength, and flexibility.
- This surface mounting adhesives are used to hold SMT components on a substrate that requires double-sided processing before it goes into a solder reflow or wave solder process. Additionally, they are used to add extra holding power for larger components exposed to high shock environments.
- Hence, owing to the above-mentioned reasons, the surface mounting application is likely to dominate the market studied during the forecast period.
Saudi Arabia to Dominate the Market
- Saudi Arabia accounts for the highest share of the Middle-East & Africa electronics adhesives market currently.
- With increasing focus on improving the safety of the vehicles in the country while at the same time ensuring entertainment, the demand and usage of printed circuit boards is consistently increasing. This, in turn, is accelerating the demand for electronic adhesives.
- However, the unstable political conditions may have have negative effect on the market growth in the coming years.
- Owing to the above-mentioned factors, Saudi Arabia is likely to dominate the market during the forecast period.
MEA Electronics Adhesives Industry Overview
The Middle-East & Africa electronics adhesives market is moderately consolidated as the market of the market share is divided among a few players. Some of the key players in the market include Henkel AG & Co. KGaA, Dow,H.B. Fuller Company, 3M, and Arkema, amongst others.
MEA Electronics Adhesives Market Leaders
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Henkel AG & Co. KGaA
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Dow
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H.B. Fuller Company
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3M
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Arkema
*Disclaimer: Major Players sorted in no particular order
MEA Electronics 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 the developing countries of the Region
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4.1.2 Other Drivers
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4.2 Restraints
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4.2.1 Volatility in Raw Material Prices
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4.2.2 Globalization and Growing Operating Costs
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4.2.3 Other 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 Resin Type
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5.1.1 Epoxy
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5.1.2 Acrylics
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5.1.3 Polyurethane
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5.1.4 Other Resin Types
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5.2 Application
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5.2.1 Conformal Coatings
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5.2.2 Surface Mounting
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5.2.3 Encapsulation
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5.2.4 Wire Tacking
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5.2.5 Other Applications
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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 United Arab Emirates
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5.3.4 Qatar
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5.3.5 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 Ashland
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6.4.4 Avery Dennison Corporation
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6.4.5 BASF SE
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6.4.6 Cyberbond L.L.C.
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6.4.7 Dow
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6.4.8 Drytac
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6.4.9 Dymax Corporation
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6.4.10 H.B. Fuller Company
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6.4.11 Henkel AG & Co. KGaA
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6.4.12 Huntsman International LLC
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6.4.13 Parker Hannifin Corp
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6.4.14 Pidilite Industries Ltd.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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7.1 Growing Demand and Penetration of Electric Vehicles
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MEA Electronics Adhesives Industry Segmentation
The Middle-East & Africa Electronics Adhesives market report include:
| Resin Type | |
| Epoxy | |
| Acrylics | |
| Polyurethane | |
| Other Resin Types |
| Application | |
| Conformal Coatings | |
| Surface Mounting | |
| Encapsulation | |
| Wire Tacking | |
| Other Applications |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| United Arab Emirates | |
| Qatar | |
| Rest of Middle-East and Africa |
MEA Electronics Adhesives Market Research FAQs
What is the current Middle-East and Africa Electronics Adhesives Market size?
The Middle-East and Africa Electronics Adhesives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Electronics Adhesives Market?
Henkel AG & Co. KGaA , Dow, H.B. Fuller Company , 3M and Arkema are the major companies operating in the Middle-East and Africa Electronics Adhesives Market.
What years does this Middle-East and Africa Electronics Adhesives Market cover?
The report covers the Middle-East and Africa Electronics Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Electronics Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle-East and Africa Electronics Adhesives Industry Report
Statistics for the 2024 Middle-East and Africa Electronics Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Electronics 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.
