Middle East & Africa Industrial Wood Adhesives Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Resin Type (Natural and Synthetic), and Technology (Solvent-Based, Water-Based, Solventless, and Others)
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The Middle East & Africa industrial wood adhesives market is expected to grow from US$ 564.85 million in 2020 to US$ 727.34 million by 2027; it is estimated to grow at a CAGR of 3.7% from 2020 to 2027.
The Middle East & Africa region includes countries such as South Africa, Saudi Arabia, the UAE, and the rest of MEA. The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the varied industrial sectors. New investment and better marketing strategies have led to the capture of market share in the MEA region. The construction industry in the MEA is one of the fastest-growing sectors. The market in MEA is expected to expand due to rising demand for wood in the construction industry. Factors such as population growth, affordable housing, and a rise in tourism due to the hosting of mega-events have prompted the government to invest more in construction projects. Adoption of long-term economic diversification plans, such as Abu Dhabi Vision 2030 and Saudi Vision 2030, is further expected to increase investment in infrastructure, thus improving the construction industry. Also, the demand for the wood in the Middle East is expected to grow due to an increase in the construction of restaurants and hotels, re-painting of old hotels, and maintenance of the architecture.
In case of COVID-19, in Middle East & Africa, especially South America, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of industrial wood adhesives manufacturing activities. Downfall in other chemical and materials manufacturing sectors has subsequently impacted the demand for industrial wood adhesives during the early months of 2020. Moreover, decline in the overall construction and building materials manufacturing activities has led to discontinuation of industrial wood adhesives manufacturing projects, thereby reducing the demand for industrial wood adhesives. Similar trend was witnessed in other Middle East & Africa countries, i.e., UAE and Saudi Arabia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa industrial wood adhesives market. Wood adhesives offer various advantages, and hence it is used in more than 70% of wood products across the world. Wood adhesives have a significant role in modern industrial wood construction. The wood adhesive is used for various wood assembly applications such as dowel attachment, edge gluing, finger joining, tongue and groove joints, and miter gluing. Adhesives help to save wood and can be utilized to build light and strong structures. It helps to moderate the expansion and contraction due to the inherent moisture retention of wood. Manufacturers are striving to produce wood adhesives that have greater resistance to moisture content. Compared to conventional methods, wood adhesives offer other benefits, including improved adhesion, compatibility of the use with several substrates and higher strength, faster drying and setting time, aesthetic appeal compared to use of metal fasteners, and other methods of bonding. Wood adhesives are frequently used on commercial doors and windows for waterproofing and to enhance the overall texture and appeal. Furthermore, the wood industry is evolving continuously, and thus, modern industrial wood adhesives have been tailored to meet the wood industry's needs. Thus, owing to the aforementioned advantages, wood adhesives are highly used for industrial applications, and thereby the market is witnessing tremendous growth in Middle East & Africa.
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Middle East & Africa Industrial Wood Adhesives Market Segmentation
Middle East & Africa Industrial Wood Adhesives Market – By Type
- Natural
- Synthetic
- Solvent-Based
- Water-Based
- Solventless
- Others
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
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