Middle East Hot Melt Adhesives Market Comprehensive Analysis and Forecast 2023-28

Overview of the Middle East Hot Melt Adhesives Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “Middle East Hot Melt Adhesives Market 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.)), 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 report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

Middle East Hot Melt Adhesives Market Growth and Scope:

Base Year: 2022

Forecast Period: 2023-28

Historical Data: 2018-21

CAGR (2023-2028): 5.67%

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Possible Restraint: High Prices & Lack of Awareness Among End-Users to Hinder the Market

Hot melt adhesives are relatively expensive compared to other types of adhesives, such as water solvent & solvent-based adhesives. The thermal load property of these adhesives confines their use in end-user industries, including automotive, packaging, etc., owing to their sensitive nature compared to others. Hence, this limit the adoption of these adhesives among certain end-users, particularly small & medium-sized enterprises. Furthermore, some end-users are not fully aware of the benefits & advantages offered by hot melt adhesive, which is expected to hinder the market growth during the forecast period.

A Comprehensive Analysis of Leading Companies of Middle East Hot Melt Adhesives Market by MarkNtel Advisors:

3M
Jowat SE
Arkema Group
Henkel AG & Co. KGaA
Sika AG
B. Fuller Company
Dow Chemicals
DuPont
Bostik
Huntsman Corporation
Others

Key Middle East Hot Melt Adhesives Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/middle-east-hot-melt-adhesives-market.html

-By Resin Types

Ethylene Vinyl Acetate
Thermoplastic Polyurethane
Styrenic-butadiene Copolymers
Others (Phenoxy resins, Polyesters, etc.)

Thermoplastic Polyurethane-based hot melt adhesive is becoming more & more common in a variety of industries such as electronics, e-commerce, warehouses, etc.,

-By End Users

Automotive
Buildings & Construction
Electronics
Healthcare
Others (Paper, Board & Packaging, Textile etc.)

Here, Automotive accounted for the majority of end-use consumption of hot melt adhesives during the historical period, owing to the resourcefulness of resin-based hot melt adhesives & long-lasting durability in automotive work applications.

Geographical Analysis

-By Country

The UAE
Saudi Arabia
Qatar
Egypt
Turkey
Rest of Middle East

Of all the countries across the Middle Eastern region, the UAE was the dominant contributor to the demand for hot melt adhesives during the historical period.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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