Albany – NY, Sept. 4, 2015 (GLOBE NEWSWIRE) — According to the report, the Saudi Arabia adhesives and tapes market was valued at US$ 632.5 Mn in 2014 and is expected to reach US$ 1,008.9 Mn in 2023, expanding at a CAGR of 5.5% between 2015 and 2023. In terms of volume, the adhesives and tapes market in Saudi Arabia stood at 221.5 kilo tons in 2014.

The adhesives and tapes market in Saudi Arabia is likely to be driven by rising demand from packaging and construction industries. Demand from the packaging industry is estimated to increase considerably during the forecast period due to rapid expansion of trade activities in Saudi Arabia. This, in turn, is projected to boost demand for adhesives and tapes in the next few years. Additionally, rise in construction activities is expected to fuel demand for adhesives and tapes in the construction industry. However, availability of substitutes for adhesives and tapes in all its application areas is likely to hamper growth of the adhesives and tapes market during the forecast period. In terms of opportunity, application of adhesives and tapes in high-value flexible packaging solutions in consumer industries, such as food and beverages, is anticipated to open avenues for growth in the near future.

Browse Market Research Report with ToC & Free Analysis: http://www.transparencymarketresearch.com/saudi-arabia-adhesives-tapes-market.html

In terms of volume, the pressure sensitive technology segment dominated the adhesives and tapes market in Saudi Arabia in 2014. Hot melt technology is projected to be the fastest-growing segment of the adhesives and tapes market in Saudi Arabia during the forecast period.Water-based formulations dominated the market in Saudi Arabia during the forecast period as these formulations are designed to be eco-friendly and reduce VOC emissions. On the basis of products, the acrylic products segment dominated the adhesives and tapes market in Saudi Arabia, accounting for more than 30% share in terms of volume in 2014. Polyvinyl acetate (PVAc) is anticipated to be the fastest-growing product segment in Saudi Arabia during the forecast period. Polyurethane is another product key product segment of the adhesives and tapes market with high demand from the construction industry in Saudi Arabia.

Get Sample Report Copy:
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5993

The adhesives and tapes market in Saudi Arabia is fragmented in nature with several multinational players in the local market. Few local players such as SAAF Co., Ltd. and ABRO Industries Inc. compete in the adhesives and tapes market in Saudi Arabia. Key players include 3M Company, Henkel AG & Company KGaA, Avery Dennison Corporation, BASF SE, H.B. Fuller Company, Ashland Inc, Bostik SA, Nitto Denko Corporation, Scapa plc, tesa SE, The Dow Chemical Company, Dymax Corporation, and Sika AG.

Browse Press Release: http://www.transparencymarketresearch.com/pressrelease/saudi-arabia-adhesives-tapes-market.htm

The report segments the adhesives and tapes market in Saudi Arabia as follows:

Saudi Arabia Adhesives and Tapes Market – Technology Analysis

  • Pressure Sensitive
  • Hot Melt
  • Others (Including Moisture Curing, Radiation Curing, Heat Curing, and Chemical Curing)

Saudi Arabia Adhesives and Tapes Market – Formulation Analysis

  • Water Based
  • Spray & Cylinder Based

Saudi Arabia Adhesives and Tapes Market – Product Segment Analysis

  • Acrylic
  • Epoxy
  • PVAc
  • EVA
  • Polyurethane
  • Others (Including Silicone and Polyisobutylene)

Saudi Arabia Adhesives and Tapes Market – End-user Analysis

  • Packaging
  • Footwear
  • Construction
  • Furniture
  • Others (Including Automotive, Electronics, Bookbinding, etc.)

Other Reports by Transparency Market Research:

Browse All Other Chemical Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

CONTACT: Mr. Nachiket Ghumare
         
         State Tower,
         90 State Street,
         Suite 700,
         Albany NY - 12207
         United States
         USA - Canada Toll Free: 866-552-3453
         Email: [email protected]
         Website: http://www.transparencymarketresearch.com
         Blog: http://www.tmrblog.com/