Middle East Hot Melt Adhesives Market to Witness 5.67% CAGR Growth Amid Rising Demand and Innovation

MarkNtel Advisors recently published a detailed industry analysis of the Middle East Hot Melt Adhesives Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

Middle East Hot Melt Adhesives Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 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.

Key Findings in Middle East Hot Melt Adhesives Market:

• Historical Analysis: 2018–2021
• Base Year: 2022
• Forecast Period: 2023–2028

Leading Market Players- 3M, Jowat SE, Arkema Group, Henkel AG & Co. KGaA, Sika AG, H.B. Fuller Company, Dow Chemicals, DuPont, Bostik, Huntsman Corporation, Others

Key Highlights of the Report

• 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

What are the major Driver the Middle East Hot Melt Adhesives industry?

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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What segments define the Middle East Hot Melt Adhesives Market from 2023 to 2028? How do these segments contribute to market dynamics and growth?

By Resin Types

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

According to report, 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.)

According to report, 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.

Explore the Complete Middle East Hot Melt Adhesives Market Analysis Report – https://www.marknteladvisors.com/research-library/middle-east-hot-melt-adhesives-market.html

Geographical Analysis: Middle East Hot Melt Adhesives Market

 By Country

• The UAE
• Saudi Arabia
• Qatar
• Egypt
• Turkey
• Rest of Middle East

Middle East Hot Melt Adhesives Market Recent Development:

•  2022: Jowat SE announced the launch of a hot melt adhesive product portfolio specially made for sustainable adhesives for countless applications in the packaging process.

• 2019: Sika acquired Crevo-Hengxin, a Chinese manufacturer of silicone sealants & adhesives, used in both industry & construction applications in the region.

  Key Questions Addressed in This Study

• What are the primary factors driving the growth of the Middle East Hot Melt Adhesives Market?
• How is the Middle East Hot Melt Adhesives Market expected to evolve over the next five years?
• What key insights can be drawn from current trends shaping the market?
• What is the current market size, and how is it forecasted to change in the coming years?
• What is the future outlook for the market in terms of technological innovation and geographic expansion?

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Why MarkNtel Advisors?

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

Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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