GCC (Gulf Cooperation Council) Sealants Industry Analysis By Sealants Type, By Application, By End User & By Geography With COVID-19 Impact | Market Outlook 2017-2030

Market Overview

Sealants are an important component in some of the crucial industries that are used to seal and joint various materials including steel and polymers. In recent years, the sealants market has increased by 4% annually, on the back of growth in the major end-users market such as the construction industry. The extensive construction activities in the region are highly impacting the demand for sealants. Moreover, the large chemical industry is also inducing the growth of the market in terms of production and utilization of the sealants. Construction activities are the major application area of sealants and construction sector accounted for 6.7% share in GCC economic activities by GDP.

Advancing technology in the manufacturing of sealants has increased the product life, decreased the cost. Technologically advanced hybrid urethanes are solvent-free, high UV and color stability and excellent adhesion to metals and difficult substrates as compared to silicone sealants. However, stringent environmental regulations related to VOC (Volatile Organic Compound) emission are hindering the growth of the GCC sealants market. Solvent-based sealants have a tendency to react with nitrogen present in the atmosphere, which poses a threat to the respiratory system.

GCC Sealants Market Segmentation

By Sealants Type

• Acrylic Sealant
• Silicone Sealant
• Polyurethane Sealant
• Butyl Sealant
• Others (Polysulfide, Latex etc.)

By Application

• Joinery Operations
• Construction
• Packaging
• Others (Assembly Operations, Decorative Films)

By End-User

• Construction Industry
• Automobiles Industry
• Packaging Industry
• Hardware and ICT Market
• Other (Furniture, Footwear, etc.)

By Geography

• Saudi Arabia Sealants Market {Market Share (%), Market Size (USD Billion)}
• Qatar Sealants Market {Market Share (%), Market Size (USD Billion)}
• UAE Sealants Market {Market Share (%), Market Size (USD Billion)}
• Oman Sealants Market {Market Share (%), Market Size (USD Billion)}
• Kuwait Sealants Market {Market Share (%), Market Size (USD Billion)}
• Bahrain Sealants Market {Market Share (%), Market Size (USD Billion)}

Market Share by Product Type & Geography

Polyurethane sealant segment acquired the largest market share of 40.1% in 2017 due to its increasing application in joining and sealing floors, bridges, tunnels, and other public infrastructure that helps them to stand still for longer lifespan in the action of adverse temperature, UV rays, cracking and yellowing.

Based on geography, the Saudi Arabia region accounted for the largest market share of 23.4% in 2017 followed by UAE, Qatar, and Oman. The rising investments in infrastructure, tourism and other industries on the back of declining oil and gas industry in future are increasing the application of sealants in the region.

Covered In This GCC Sealants Industry Report

The report covers the present ground scenario and the future growth prospects of the sealants market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the GCC region.

GCC Sealants Market Report 2017-2030 has been prepared based on an in-depth market analysis from market experts. The report covers the competitive landscape and current position of major players in the GCC sealants market space. The report also includes Porter's five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Sealants Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

COVID-19 impact on "GCC (Gulf Cooperation Council) Sealants Market"

The report analyzes and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "GCC (Gulf Cooperation Council) Sealants Market" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Player

Our GCC sealants market report comprises of the following companies as the key players:

• Henkel
• H.B. Fuller
• Sika
• 3M
• Dow
• Hernon Manufacturing
• Pidilite

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this GCC Sealants Market Report

• What is the total market size by 2030 and what would be the expected growth rate of the market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for GCC sealants market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the GCC sealants market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy, and prospects.