At 3.2% CAGR, Middle East & Africa Sealants Market is Projected to be Worth US$ 772.72 Million by 2031, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa sealants market was valued at US$ 599.30 million in 2023 and is projected to reach US$ 772.72 million by 2031, recording a CAGR of 3.2% from 2023 to 2031. Growing building & construction industry and development of renewable sealants are among the critical factors attributed to drive the Middle East & Africa sealants market growth.

Silicone sealants are used in the expansion, construction, connection, and movement of joints to ensure the stability of structural materials. Sealants add flexibility to building structures, allowing materials to absorb stress and movement caused by uncertain climatic conditions. They also offer energy efficiency to the buildings and provide a barrier against air, dust, and sound. Structural sealants are used for several applications such as roofing, glass bonding, fire barriers, crack repair, and deck coatings. Further, in 2022, the Roads and Transport Authority of the UAE commenced phase I of the Sheikh Rashid bin Saeed Corridor Improvement Scheme, building a four-lane road and four bridges. The project aimed to improve traffic flow and safety and eliminate overlapping traffic spots. Government infrastructure projects such as road construction, bridges, railways, and urban development initiatives also create demand for construction materials. Thus, the growth of the building & construction industry fuels the Middle East & Africa sealants market growth.

On the contrary, fluctuations in raw material prices hamper the growth of Middle East & Africa sealants market.

Based on type, the Middle East & Africa sealants market is segmented into silicone sealants, polyurethane sealants, acrylic sealants, polysulfide sealants, butyl sealants, hybrid sealant, and others. The silicone sealants segment held 47.6% market share in 2023, amassing US$ 284.99 million. It is projected to garner US$ 369.80 million by 2031 to register 3.3% CAGR during 2023–2031.

In terms of application, the Middle East & Africa sealants market is categorized into waterproofing, insulation, bonding and sealing, soundproofing, and others.

By end user, the Middle East & Africa sealants market is divided into building & construction, automotive, electronics, healthcare, aerospace & defense, marine, energy & power, and others.

Based on country, the Middle East & Africa sealants market is categorized South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 33.3% share of Middle East & Africa sealants market in 2023. It was assessed at US$ 199.69 million in 2023 and is likely to hit US$ 266.00 million by 2031, registering a CAGR of 3.6% during 2023–2031.

Key players operating in the Middle East & Africa sealants market are 3M Co, ACTEGA DS GmbH, Arkema SA, BASF SE, Dow Inc, HB Fuller Co, Henkel AG & Co KGaA, Momentive Performance Materials Inc, RPM International Inc, and Sika AG, among others.

• In 2023, ACTEGA, launched PVC-free ACTEseal heat seal coatings a breakthrough solution for the coffee capsule market.

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