Middle East and Africa Adhesive Tapes Market
No. of Pages: 137 | Report Code: TIPRE00025715 | Category: Chemicals and Materials
No. of Pages: 137 | Report Code: TIPRE00025715 | Category: Chemicals and Materials
The adhesive tapes market in MEA is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The MEA is an evolving market for various industries, such as packaging and construction. The market is experiencing rapid development with the growth of markets such as Dubai, Abu Dhabi, and Iran. As there is an increase in sales of products, the packaging market is also growing to cater to the needs of both the consumers and retailers. Countries like Qatar have disposable income, which has led to an increase in purchasing power. This factor drives the packaging market in MEA. Flexible packaging in the region is being widely adopted for several products across different industries. Increasing demand for packaging propels the demand for adhesives tapes in MEA. Adhesives tapes are a high-quality choice for applying labels to food & beverage goods that are free of VOCs. Further, construction is a major economic sector in the MEA. It is also a significant source of employment for the local, international, and expatriate workforce. In 2020, South Africa's construction sector contributed over 83 billion rands (about US$ 5.4 billion) to the country's gross domestic product (GDP). The need for adhesives tapes is driven by the increasing construction sector in the MEA. Burgeoning adoption of electric vehicles and surging use of adhesive tape in place of mechanical fasteners are the major factor driving the growth of the MEA adhesive tapes market.
In MEA, Saudi Arabia recorded the highest COVID-19 cases, followed by Turkey and the UAE. The UAE was the first country in the region to report a COVID-19 confirmed case. The adhesive tapes market would grow substantially once the chemical and material products will be in demand. The MEA adhesive tapes market is witnessing a mixed impact of the COVID-19 pandemic. Several sectors, such as automobiles, building and construction, electronics and electricity, experienced sharp declines. However, the healthcare sector is growing due to excessive demand for personal protective equipment and medical equipment amid the outbreak. Considering the economic recovery, various industrial and economic sectors are planning strategic investments in the healthcare sector. This would stimulate the market growth in the coming years. In addition, many companies have started to actively market the product to expand their customer base and reduce the business impact.
Strategic insights for the Middle East and Africa Adhesive Tapes provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 2,941.76 Million |
| Market Size by 2028 | US$ 3,955.77 Million |
| Global CAGR (2021 - 2028) | 4.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Resin Type
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Adhesive Tapes refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA adhesive tapes market is expected to grow from US$ 2,941.76 million in 2021 to US$ 3,955.77 million by 2028; it is estimated to grow at a CAGR of 4.3% from 2021 to 2028. The adhesive tapes market in the region is witnessing growth due to the wide utilization of adhesive tapes in several industries, such as automotive, building and construction, paper, and printing, and electrical and electronics, by countries across the region. Furthermore, the market in the region is primarily significantly affected by the economic dynamics of several countries. However, with the rising foreign direct investments in the industrial development, the current scenario of automotive industry is gradually changing. Countries in the region are observing high growth in the automotive and aviation industries. Adhesive tape is mainly used to assemble various components to protect the production line process. These tapes are usually used to grasp screws and bolts so that seats and dashboards can be easily fixed in their places. Further, adhesive tapes are used in seat heating elements, foam and fabric attachment on the instrument panel, steering wheel wrapping, and mounting rubber and plastic profiles in the vehicle interior. Thus, the growing demand for adhesive tapes from the automotive industry in the region fuels the growth of the MEA adhesive tapes market.
In terms of resin type, the rubber segment accounted for the largest share of the MEA adhesive tapes market in 2020. In terms of technology, the solvent-based adhesive tapes segment held a larger market share of the MEA adhesive tapes market in 2020. In terms of tape backing material, the polypropylene (PP) segment held a larger market share of the MEA adhesive tapes market in 2020. Further, the automotive segment held a larger share of the MEA adhesive tapes market based on application in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA adhesive tapes market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 3M, Avery Dennison Corporation, Berry Global Inc., LINTEC Corporation, Lohmann GmbH & Co.KG, Nitto Denko Corporation, Scapa, and tesa SE.
The Middle East and Africa Adhesive Tapes Market is valued at US$ 2,941.76 Million in 2021, it is projected to reach US$ 3,955.77 Million by 2028.
As per our report Middle East and Africa Adhesive Tapes Market, the market size is valued at US$ 2,941.76 Million in 2021, projecting it to reach US$ 3,955.77 Million by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.
The Middle East and Africa Adhesive Tapes Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Adhesive Tapes Market report:
The Middle East and Africa Adhesive Tapes Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Adhesive Tapes Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Adhesive Tapes Market value chain can benefit from the information contained in a comprehensive market report.
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