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Middle-East and Africa Electronics Adhesives Market Size (2024 - 2029)

The Middle-East and Africa electronics adhesives market is anticipated to experience significant expansion, driven by increasing demand from developing countries in the region. Despite challenges posed by fluctuating raw material prices, the market is poised for growth, particularly due to the rising adoption of electric vehicles. Saudi Arabia is expected to maintain its leading position in terms of market share. Surface mounting applications are projected to dominate the market throughout the forecast period.

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Market Size of Middle-East and Africa Electronics Adhesives Industry

middle east and africa 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

middle east and africa electronics adhesives market major companies

*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 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
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Middle-East and Africa Electronics Adhesives Market Size Summary

The Middle-East and Africa electronics adhesives market is poised for significant growth, driven primarily by increasing demand from developing countries within the region. The market is experiencing a surge in opportunities due to the rising adoption of electric vehicles, which is expected to bolster the demand for electronic adhesives. Saudi Arabia currently holds the largest market share and is anticipated to maintain its dominant position throughout the forecast period. The surface mounting application, also known as chip bonding, is projected to lead the market, utilizing primarily one-component systems made from materials such as acrylics, epoxies, or urethane acrylates. These adhesives are favored for their superior physical and chemical properties, including long shelf life, high wet strength, rapid curing, and flexibility, making them ideal for holding SMT components on substrates.

Despite the promising growth prospects, the market faces challenges such as volatility in raw material prices and unstable political conditions, which could potentially hinder its expansion. The demand for electronic adhesives is further fueled by the increasing focus on vehicle safety and entertainment in Saudi Arabia, which drives the usage of printed circuit boards. The market is moderately consolidated, with key players like Henkel AG & Co. KGaA, Dow, H.B. Fuller Company, 3M, and Arkema holding significant shares. These companies are instrumental in shaping the competitive landscape of the Middle-East and Africa electronics adhesives market, which is expected to continue its upward trajectory in the coming years.

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Middle-East and Africa Electronics Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from the developing countries of the Region

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Raw Material Prices

      2. 1.2.2 Globalization and Growing Operating Costs

      3. 1.2.3 Other Restraints

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Resin Type

      1. 2.1.1 Epoxy

      2. 2.1.2 Acrylics

      3. 2.1.3 Polyurethane

      4. 2.1.4 Other Resin Types

    2. 2.2 Application

      1. 2.2.1 Conformal Coatings

      2. 2.2.2 Surface Mounting

      3. 2.2.3 Encapsulation

      4. 2.2.4 Wire Tacking

      5. 2.2.5 Other Applications

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 South Africa

      3. 2.3.3 United Arab Emirates

      4. 2.3.4 Qatar

      5. 2.3.5 Rest of Middle-East and Africa

Middle-East and Africa Electronics Adhesives Market Size FAQs

The Middle-East and Africa Electronics Adhesives Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)

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.

Middle-East and Africa Electronics Adhesives Report Snapshots

Middle-East and Africa Electronics Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)