Middle East Hot Melt Adhesives Market Comprehensive Analysis and Forecast 2023 to 2028

Middle East Hot Melt Adhesives Market Overview: 2023-2028

Base Year: 2022

Historical Years: 2018-21

Forecast Years: 2023-2028

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 Middle East Hot Melt Adhesives Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s Middle East Hot Melt Adhesives Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Middle East Hot Melt Adhesives Market drivers, barriers, Middle East Hot Melt Adhesives Market Trends, and Key Players in Middle East Hot Melt Adhesives Market.

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Middle East Hot Melt Adhesives Market Dynamics: 2023-2028

Market Dynamics:

Key Driver: Growing E-Commerce Industry to Drive the Demand for Hot Melt Adhesives

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.

In addition, the need for a wide range of goods, including food, beverage, and healthcare products that use these adhesives for folding cartons, has enhanced as a result of higher incomes & an improvement in living standards. As a result, the expansion of the e-commerce sector would result in additional warehouse space, which would drive up the requirement for such adhesives to seal cartons in the coming years, thereby supporting the market growth of hot melt adhesives in the Middle East region.

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Middle East Hot Melt Adhesives Market (2023-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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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Top Companies Operating in the Middle East Hot Melt Adhesives Market:

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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