SAUDI ARABIA SEALANTS MARKET - SIZE, SHARE, COVID-19 IMPACT & FORECASTS UP TO 2028

 According to projections, the Saudi Arabian Sealants Market will grow at a CAGR of 5.58%. Due to the numerous uses of sealants in building and construction, including waterproofing, weather sealing, crack sealing, and joint sealing, the construction industry predominates the Saudi Arabian sealants market. Construction sealants are also made to be long-lasting and simple to apply on many substrates. The nation's economy heavily depends on the building sector. However, due to the COVID-19 pandemic, the ensuing limitations, and the lack of raw materials, construction activities decreased in 2020. This contributed to an increase in the demand for sealants across the nation in 2021 when construction activities were largely restored.

The electronics industry dominates the other end-user industries segment due to sealants' varied applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. Other end-user industries segment includes locomotive and marine, DIY, electronics and electrical components, and others. They are applied to cables, sensors, and other things. Due to the constantly expanding demand for consumer goods and wearable technology, Saudi Arabia's electronics sector is booming. Over the course of the projection period, demand for the Saudi Arabian sealants market is anticipated to increase due to the rapid expansion of e-commerce operations and the strong market positioning of the consumer electronics segment.

Major Players: Dow, Henkel AG & Co. KGaA, Sika AG, Soudal Holding N.V. and The Industrial Group Ltd

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