Adhesives and Tapes Market to Represent Significant Revenue Growth 2023

Transparency Market Research has published a new report on the Saudi Arabia adhesives and tapes market. As per the new report, the Saudi Arabia adhesives and tapes market will grow at a 5.50% CAGR during the period from 2015 to 2023. The report, titled ‘Adhesives and Tapes Market - Saudi Arabia Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023’, states that the Saudi Arabia adhesives and tapes market stood at a value of US$632.5 mn in 2014 and is predicted to reach US$1,008.9 mn by 2023.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=5993

The Saudi Arabia adhesives and tapes market is predicted to develop rapidly during the forecast period due to the increasing demand for adhesives and tapes from the construction and packaging industries across the region. Expansion of trading activities in different areas of Saudi Arabia will further propel the adhesives and tapes market. The Saudi Arabia adhesives and tapes market is segmented on the basis of technology, formulation, products, and end user. By technology, the Saudi Arabia adhesives and tapes market is divided into pressure sensitive, hot melt, and others. In 2014, the pressure sensitive adhesives and tapes market was in the leading position, with a 50% market share.

By formulation, the market for adhesives and tapes was dominated by water-based formulations in 2014. As water-based formulations emit minimum volatile organic compounds and are thus eco-friendly, they have been commonly used in many industries. Based on product type, the Saudi Arabia adhesives and tapes market is divided into acrylic, epoxy, PVAc, EVA, and polyurethane. In terms of volume, in 2014, the Saudi Arabia adhesives and tapes market was dominated by acrylic products. Polyurethane (PU) is used in high volumes in industries such as construction, automotive, and footwear in Saudi Arabia.

Request to download and view full ToC @ http://www.transparencymarketresearch.com/report-toc/5993

The Saudi Arabia adhesives and tapes market is fragmented in nature, as many prominent companies offer adhesives and tapes. The Saudi Arabia adhesives and tapes market comprises a large number of multinational players and a relatively small number of domestic players. The multinational companies have vertically combined operations, offering them a competitive advantage over the domestic players. Some of the leading players in the Saudi Arabia adhesives and tapes market are Henkle AG and Company KGaA, BASF SE, Ashnald Inc., 3M Company, Nitto Denko Corporation, The Dow Chemical Company, Sika AG, Dymax Corporation, Avery Dennison Corporation, and H.B. Fuller Company.

Rising demand for adhesives and tapes from various industries such as bookbinding, construction, crafts, furniture, footwear, packaging, and medical will drive the Saudi Arabia adhesives and tapes market during the forecast period. Constant demand for adhesives and tapes from end-use industries including construction and packaging is expected to propel the Saudi Arabia adhesives and tapes market during the forecast period.

View Report @ http://www.transparencymarketresearch.com/saudi-arabia-adhesives-tapes-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.