Middle East & Africa Wood Adhesives Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis

The Middle East & Africa wood adhesives market size is expected to reach US$ 442.42 million by 2031 from US$ 323.35 million in 2023. The market is estimated to record a CAGR of 4.0% from 2023 to 2031.

Executive Summary and Middle East & Africa Wood Adhesives Market Analysis:

In the Middle East & Africa, the demand for wood adhesives is increasing due to ongoing infrastructure development and urbanization. Countries in the region are investing increasingly in building new cities, residential complexes, commercial establishments, and public infrastructure projects. In May 2024, Partana and Roshan, Saudi Arabia's housing development arm, aimed to invest US$ 63 billion to build 4,00,000 homes using sustainable materials. The partnership will help to address the housing crisis while promoting sustainable construction practices. Wood products such as MDF and plywood, which rely on wood adhesives for their production, are essential materials in these construction activities. The construction boom directly fuels the demand for wood adhesives, which are vital for creating strong and durable wood-based components. The expanding furniture manufacturing industry in the Middle East & Africa has further contributed to the wood adhesives market growth. The rising middle-class population and improving living standards lead to higher consumption of furniture and home décor items. Furniture manufacturers in the Middle East & Africa utilize wood adhesives extensively in producing various furniture pieces, from cabinetry to upholstered furniture, driving up the demand for high-quality adhesives that offer superior bonding and durability..

Middle East & Africa Wood Adhesives Market Strategic Insights

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Middle East & Africa Wood Adhesives Market Segmentation Analysis

Key segments that contributed to the derivation of the Middle East & Africa wood adhesives market analysis are resin type, technology, and application.

• Based on resin type, the Middle East & Africa wood adhesives market is bifurcated into natural and synthetic. The synthetic held a larger share of the market in 2023.
• Based on technology, the Middle East & Africa wood adhesives market is segmented into solvent-based, water-based, and others. The water-based held the largest share of the market in 2023.
• Based on application, the Middle East & Africa wood adhesives market is segmented into furniture, plywood, flooring, doors and windows, and others. The furniture held the largest share of the market in 2023.

Middle East & Africa Wood Adhesives Market Outlook

Adhesives are used in the furniture industry for bonding between fabrics, foams, and wood. In furniture production, these adhesives are used in bonding soft furniture and upholstery used in offices, schools, hospitals, and airports. Wood adhesives, such as waterborne adhesives, are eco-friendly and solvent-free, while hot melt adhesives are applied using heat. Key market players adhere to several international and domestic sustainability and safety standards for the production of wood adhesives. For instance, the UAE is a hub of opportunity in furniture manufacturing and trading. With rapid urbanization, the demand for furniture across various sectors has significantly increased. Therefore, the growth of the furniture industry drives the wood adhesives market.

Middle East & Africa Wood Adhesives Market Country Insights

Based on country, the Middle East & Africa wood adhesives market comprises South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held the largest share in 2023.

The Rest of Middle East & Africa consists of countries such as Iran, Bahrain, Qatar, Turkey, Israel, Zambia, and others. These countries are focused on making significant investments in the construction industry. According to the Ministry of Foreign Affairs, in 2022, Kuwait invested in various projects worth more than US$ 60 billion in line with its Vision Kuwait 2035 strategy. An additional investment of US$ 100 billion is expected to be made in the coming years. Wood adhesives are used in the construction of wooden flooring, kitchen cabinets, doors, windows, and others. In addition, the surging demand for wooden home decor in order to provide an aesthetic look to their home has contributed to the wood adhesives market growth in the Rest of Middle East & Africa.

Middle East & Africa Wood Adhesives Market Report Highlights

Middle East & Africa Wood Adhesives Market Company Profiles

Some of the key players operating in the market include Henkel AG & Co KGaA; 3M Co; Sika AG; Arkema SA; Dow Inc; H.B. Fuller Company; Akzo Nobel NV; Aica Kogyo Co. Ltd; Pidilite Industries Ltd; Mapei SpA; Jubilant Industries Ltd; Franklin International; Jowat SE; STAUF Klebstoffwerk GmbH; RPM International Inc; Huntsman Corp; Follmann GmbH and Co KG; Bolton Group S.r.l; Wacker Chemie AG; and the IFS Industries Inc, among others. These players are adopting various strategies such as expansion, product innovation, and mergers and acquisitions to provide innovative products to their consumers and increase their market share.

Middle East & Africa Wood Adhesives Market Research Methodology :

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations.
• Industry trade journals and other relevant publications.
• Government documents, statistical databases, and market reports.
• News articles, press releases, and webcasts specific to companies operating in the market.

Note: All financial data included in the Company Profiles section has been standardized to USD. For companies reporting in other currencies, figures have been converted to USD using the relevant exchange rates for the corresponding year.

• Primary Research

The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate its data analysis and gain valuable insights. These research interviews are designed to:

• Validate and refine findings from secondary research.
• Enhance the expertise and market understanding of the analysis team.
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects.

Primary research is conducted via email interactions and telephone interviews, encompassing various markets, categories, segments, and sub-segments across different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

Middle East & Africa Wood Adhesives Market Country and Regional Insights