Market Trends and Forecast Analysis of the Middle East Hot Melt Adhesives Market Forecast 2023-28

Middle East Hot Melt Adhesives Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled Middle East Hot Melt Adhesives Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing Middle East Hot Melt Adhesives market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and Country while spotlighting the most recent developments in the market.

Middle East Hot Melt Adhesives Reports Highlights

What is the size of the Middle East Hot Melt Adhesives Market?

The Middle East Hot Melt Adhesives market is projected to grow at a CAGR of around 5.67% during the forecast period, i.e., 2023-28. The region observed significant demand for these adhesives owing to the rising construction of residential & commercial infrastructure, which augmented the need for these adhesives for multipurpose uses such as the bonding of glass to the walls, flooring, etc. Furthermore, countries such as the UAE, Saudi Arabia, Bahrain, and others are focusing on boosting non-oil sectors such as retail, hospitality, tourism, and others to reduce reliance on an oil-focused economy, which has increased demand for hot melt adhesives in recent years.

What do the growth prospects and trends look like in the Middle East Hot Melt Adhesives Industry?

The rising e-commerce sector in Middle Eastern countries like the UAE, Saudi Arabia, Qatar, etc., has observed significant growth owing to soaring demand for consumer & FMCG goods. The rising internet penetration & the presence of a digitally savvy population contributed to the growth of the e-commerce sector. Henceforth, the requirement for hot melt adhesives used with glue guns for carton sealing increased as the e-commerce industry witnessed robust development.

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What Components are encompassed within Middle East Hot Melt Adhesives Market segmentation?

The report has divided the market into the following segments:

By Resin Types

-Ethylene Vinyl Acetate

-Thermoplastic Polyurethane

-Styrenic-butadiene Copolymers

-Others ( Phenoxy resins, Polyesters, etc.)

By End Users

-Automotive

-Buildings & Construction

-Electronics

-Healthcare

-Others (Paper, Board & Packaging, Textile etc.)

By Country

-The UAE

-Saudi Arabia

-Qatar

-Egypt

-Turkey

-Rest of Middle East.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

-3M

-Jowat SE

-Arkema Group

-Henkel AG & Co. KGaA

-Sika AG

-H.B. Fuller Company

-Dow Chemicals

-DuPont

-Bostik

-Huntsman Corporation

-Others.

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