Middle East and Africa Hot Melt Adhesives Market

The Middle East and Africa hot melt adhesives market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5.5% during 2023–2031. The growth of market is attributed owing to the escalated demand for light-weighted and energy efficient vehicles.

Hot melt adhesives are used in wide range of applications such as fabrics, papers, ceramics, cardboards, metals and more which make them suitable agents for DIY applications, theses DIY application involves wood working, general goods packaging, and craft work.

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Increasing construction activities and re-designing of the buildings are boosting the demand for hot melt adhesives market owing to its series of applications, which includes installation of flooring, carpets, tiles, glass, and so on. With the increase usage of hot melt adhesives it makes the floor looks more aesthetic when compared to nails and staples.

On the other hand the segment has witnessed an increase in demand for bio-based melt adhesives in the parts of United States due to its sustainable nature it becomes the driving force of the market.

With the global pandemic outbreak industries faced a massive shortage in supply of raw materials such as polymers, resins etc and with a sudden disruption of supply chain the prices skyrocketed. The pandemic not only impacted the raw material segment but it caused a nightmare for the end-user industries.

Middle East and Africa Hot Melt Adhesives Market Trends, Drivers, Restraints, and Opportunities

• Increasing demand for fuel-efficient and light weighted vehicles is expected to drive the market in the coming years.

• Growing usage of substitute for solvent-borne adhesives is estimated to propel the market during the forecast period.

• Increase usage of hot melt adhesives in wide variety of materials is anticipated to augments the market during the projected period.

• Growing product demand from packaging industry for sealing of boxes spur the market in the coming years.

• Rising consumption and production of hot melt adhesives amid COVID-19 pandemic is anticipated to drive the market during the forecast period.

• Lack of favorable policies and strict environmental regulation related to emission of VOC act as a factor that can hinder the growth of the market.

• Increased price of raw materials possess a challenge that can impede the market expansion during the projected period.

Scope of Middle East and Africa Hot Melt Adhesives Market Report

The report on the Middle East and Africa hot melt adhesives market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Middle East and Africa Hot Melt Adhesives Market Segment Insights

The ethylene vinyl acetate segment is expected to exhibit high CAGR

Based on resin types, the market is segregated into styrenic-butadiene copolymers, thermoplastic polyurethane, and ethylene vinyl acetate. The ethylene vinyl acetate segment is expected to exhibit high CAGR in the coming years due to its excellent adhesion, paraffin solubility, flexibility, and durable mechanical strength it propels within the segment. Several industries such as packaging, paper, automation has a high demand for this adhesive.

The paper, board, packaging & construction segment is projected to hold major market share

On the basis of end-users, the market is categorized into transportation, woodworking & joinery, paper, board, packaging, building & constructions, footwear & leather, electronics, healthcare, and others. The paper, board, packaging & construction segment is projected to hold a major market share during the forecast period owing to the nature of the adhesive it is widely used for carton closing, pallet stabilization, and sealing along with the growing demand from food and beverages and healthcare segment as they are the biggest users of the cartons.

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South Africa dominates the market

In the terms of geographies, the market is fragmented into South Africa, Saudi Arabia, United Arab Emirates, and Rest of Middle East and Africa. South Africa dominates the market due to the major automotive manufacturers recites in the segment, the construction activities and demand for housing has risen exponentially despite the downfall of the market with the favorable government support and attracting FDI’s for electronic market the demand for the products increase eventually.

Segments

Middle East and Africa hot melt adhesives market has been segmented on the basis of

Resin Types

• Styrenic-butadiene Copolymers
• Thermoplastic Polyurethane
• Ethylene Vinyl Acetate
• Others

End-users

• Transportation
• Woodworking and Joinery
• Paper, Board, Packaging
• Building and Constructions
• Footwear and Leather
• Electronics
• Healthcare
• Others

Geographies

• South Africa
• Saudi Arabia
• United Arab Emirates
• Rest of Middle East and Africa

Key Players

• Arkema Group
• Sika AG
• H.B. Fuller Company
• Henkel AG & Co. KGaA
• Jowat

Competitive Landscape

Key players competing in the Middle East and Africa hot melt adhesives market include Arkema Group; Sika AG; H.B. Fuller Company; Henkel AG & Co. KGaA; Jowat.

Some of these players are targeting on business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares. For instance

• In December 2020, H.B. Fuller Company launched extreme cold resistant adhesives for the pharmaceutical industry.

• In July 2021, H.B. Fuller Company and Covestro announced a strategic alliance to make adhesives more sustainable.

• In August 2021 Arkema signed for the acquisition of Ashland’s performance adhesive business, a first- class leader when it comes to adhesives.