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MEA Polyurethane (PU) Adhesives Market Size (2024 - 2029)

The Middle East and Africa Polyurethane Adhesives Market is projected to experience growth over the forecast period, driven by increasing demand from the construction and healthcare sectors. Despite challenges posed by stringent environmental regulations on VOC emissions, the market is expected to benefit from opportunities arising from a shift towards bio-based adhesives and the production of lightweight products. The market's expansion is further supported by a recovery from the impacts of the COVID-19 pandemic, which had previously hindered growth due to industrial disruptions. Saudi Arabia is anticipated to lead the region in market growth.

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Market Size of MEA Polyurethane (PU) Adhesives Industry

MEA Polyurethane (PU) Adhesives Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 0.79 Billion
Market Size (2029) USD 1.03 Billion
CAGR (2024 - 2029) 5.50 %
Market Concentration Low

Major Players

MEA Polyurethane (PU) Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

MEA Polyurethane (PU) Adhesives Market Analysis

The MEA Polyurethane Adhesives Market size is estimated at USD 0.79 billion in 2024, and is expected to reach USD 1.03 billion by 2029, growing at a CAGR of 5.5% during the forecast period (2024-2029).

The COVID-19 outbreak negatively impacted the market. Stoppage or slowdown of several industrial projects, movement restrictions, production halts, and labour shortages led to a decline in the polyurethane (PU) adhesives market growth. However, it recovered significantly in 2021, owing to rising consumption from various end-use industries, including building and construction, packaging, healthcare, and automotive.

  • Over the short term, increasing demand from the construction industry and healthcare infrastructure are some of the major factors driving the studied market's growth.
  • Conversely, stringent environmental regulations regarding VOC emissions are expected to hinder the studied market's growth.
  • However, shifting focus towards bio-based adhesives and growing inclination towards manufacturing lightweight products will likely offer opportunities for the PU adhesives market.
  • Saudi Arabia dominates the Middle East and Africa PU adhesives market and will also witness the highest CAGR during the forecast period.

MEA Polyurethane (PU) Adhesives Industry Segmentation

Polyurethane adhesives offer a good blend of cohesive strength and flexibility, making them tough and durable. Polyurethanes bond well to the most unconditioned substrates but may require solvent-based primers to achieve high bond strengths. These adhesives facilitate easy application and offer superior tensile strength and heat resistance. The Middle East and Africa polyurethane (PU) adhesives market is segmented by resin type, technology, end-user, and geography. By resin type, the market is segmented into thermoset and thermoplastic. By technology, the market is segmented into water-borne, solvent-borne, hot-melt, and other technologies. By end-user, the market is segmented into automotive and aerospace, building and construction, electrical and electronics, footwear and leather, healthcare, Packaging, and other end-user industries. The report also covers the market size and forecasts in five major countries across the Middle East and Africa. Each segment's market sizing and forecasts are based on revenue (USD million).

Resin Type
Thermoset
Thermoplastic
Technology
Water Borne
Solvent-borne
Hot Melt
Other Technologies
End-user Industry
Automotive and Aerospace
Building and Construction
Electrical and Electronics
Footwear and Leather
Healthcare
Packaging
Other End-user Industries
Geography
Saudi Arabia
United Arab Emirates
Qatar
South Africa
Egypt
Rest of Middle-East and Africa
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MEA Polyurethane (PU) Adhesives Market Size Summary

The Middle East and Africa polyurethane (PU) adhesives market is poised for significant growth, driven by increasing demand from the construction and healthcare sectors. The market, which experienced a downturn due to the COVID-19 pandemic, has shown resilience and is expected to expand steadily over the forecast period. The construction industry, particularly in countries like Saudi Arabia, Kuwait, and the United Arab Emirates, is a major consumer of PU adhesives, with substantial investments in residential and commercial projects. These adhesives are favored for their rapid curing and high-strength properties, making them ideal for various construction applications. Additionally, the healthcare infrastructure's expansion further fuels the demand for these adhesives. However, the market faces challenges from stringent environmental regulations concerning VOC emissions, although the shift towards bio-based adhesives presents new opportunities.

Saudi Arabia stands out as the dominant player in the region's PU adhesives market, benefiting from its Vision 2030 initiative, which aims to diversify the economy away from oil dependency through massive infrastructure projects. The country's construction sector is witnessing a surge in activities, with numerous mega-projects underway, including Neom and the Red Sea Project, which are expected to significantly boost the demand for PU adhesives. The automotive and healthcare sectors also contribute to the market's growth, with efforts to establish Saudi Arabia as a regional automotive hub and substantial investments in healthcare facilities. The market is characterized by its fragmentation, with key players like 3M, Arkema, Dow, H.B. Fuller, and Henkel AG & Co. KGaA actively participating in the region.

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MEA Polyurethane (PU) Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Robust Growth of Construction Industry

      2. 1.1.2 Growing Healthcare Infrastructure

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Stringent Environmental Regulations Regarding VOC Emissions

      2. 1.2.2 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 Buyers

      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 Thermoset

      2. 2.1.2 Thermoplastic

    2. 2.2 Technology

      1. 2.2.1 Water Borne

      2. 2.2.2 Solvent-borne

      3. 2.2.3 Hot Melt

      4. 2.2.4 Other Technologies

    3. 2.3 End-user Industry

      1. 2.3.1 Automotive and Aerospace

      2. 2.3.2 Building and Construction

      3. 2.3.3 Electrical and Electronics

      4. 2.3.4 Footwear and Leather

      5. 2.3.5 Healthcare

      6. 2.3.6 Packaging

      7. 2.3.7 Other End-user Industries

    4. 2.4 Geography

      1. 2.4.1 Saudi Arabia

      2. 2.4.2 United Arab Emirates

      3. 2.4.3 Qatar

      4. 2.4.4 South Africa

      5. 2.4.5 Egypt

      6. 2.4.6 Rest of Middle-East and Africa

MEA Polyurethane (PU) Adhesives Market Size FAQs

The MEA Polyurethane (PU) Adhesives Market size is expected to reach USD 0.79 billion in 2024 and grow at a CAGR of 5.5% to reach USD 1.03 billion by 2029.

In 2024, the MEA Polyurethane (PU) Adhesives Market size is expected to reach USD 0.79 billion.

MEA Polyurethane (PU) Adhesives Market Report Snapshots

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