Adhesives & Sealants are used for bonding different types of substrates & fill gaps between two or more surfaces. Adhesives provide adhesion, elasticity, strength, UV protection, corrosion, etc. As a result, they are utilized in different applications like floor tile, continuous flooring installation, etc. On the other hand, sealants are known for preventing fluids & substances from passing through surfaces & joints since they are more flexible among substrates.
A recent research report says that the Saudi Arabia Construction Adhesives & Sealants Market is expecting around 4.8% CAGR during 2022-27. The most prominent factors projected to drive the market are the abilities of adhesives & sealants to join building substrates in a flexible, durable, & cost-effective manner, provide longer protection against weather & corrosion, coupled with the rising number of construction projects due to increasing infrastructural developments under Saudi Arabia Vision 2030.
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Observing these aspects, several leading players are actively participating in the market. These players are BASF S.E., Dow Chemicals, DuPont, Fafa Adhesive & Labeling Company, 3M Company, Nordson Corporation, Polywed Construction Chemicals, Sika AG, Saveto, SAAF Technology Co. Ltd., Techno Zone, and Valve Serve.
Amongst the leading players, Sika AG is projected to remain an active participant in the Saudi Arabia Construction Adhesive & Sealants Market during 2022-27. Sika has successfully expanded its scalability across Saudi Arabia by launching a new Adhesive & Sealant production plant for concrete admixtures in the south of Saudi Arabia. The factory has increased its production capacity to optimize its logistics and improve the cost structure by reducing transportation distances. In addition, the leader has also been placed to expand the market across the bordering markets around the Gulf.
Moreover, the Saudi Arabia Construction Adhesives & Sealants Market is highly fragmented and bifurcates into numerous segmentations. Among the Adhesive Type, Water-based acquired the largest market share, mainly due to the following reasons:
- Its burgeoning use in residential construction due to its easy application and availability in premix solutions or dry powder form
- Its cost-effectiveness
- Environmentally friendly & contain no volatile organic compounds.
- Ideal for an interior application since it is non-inflammatory, easy to clean, odorless, etc.
- The polymer in water is soluble and receptive to water & moisture.
Considering all these aspects, it can be said that the Saudi Arabia Construction Adhesives & Sealants Market hint toward an opportunistic prospect for the leading players in the forecast period.