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Saudi Arabia Sealants Market Size

The Saudi Arabia sealants market is projected to experience growth driven by its significant role in the construction industry, where sealants are essential for various applications such as waterproofing and joint sealing. Despite a temporary decline due to the COVID-19 pandemic, demand has rebounded, contributing to the market's expansion. Additionally, the healthcare sector's need for medical-grade sealants and the electronics industry's demand for protective materials further support market growth. The increasing popularity of consumer electronics and e-commerce is expected to enhance the market's trajectory over the forecast period.

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Market Size of saudi arabia sealants Industry

Saudi Arabia Sealants Market Summary
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svg icon Study Period 2017 - 2028
svg icon Market Size (2024) USD 171.18 Million
svg icon Market Size (2028) USD 210.71 Million
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2028) 5.33 %
svg icon Fastest Growing by End User Industry Aerospace
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Saudi Arabia Sealants Market Analysis

The Saudi Arabia Sealants Market size is estimated at 171.18 million USD in 2024, and is expected to reach 210.71 million USD by 2028, growing at a CAGR of 5.33% during the forecast period (2024-2028).

171.18 Million

Market Size in 2024 (USD)

210.71 Million

Market Size in 2028 (USD)

4.98 %

CAGR (2017-2023)

5.33 %

CAGR (2024-2028)

Largest Market by End-user Industry

83.94 %

value share, Building and Construction, 2023

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Building and construction is the dominant end-user industry for the Saudi Arabian sealants market owing to the wide range of applications, including joint sealing, heat sealing, curtain wall, and glazing.

Fastest Growing Market by End-user Industry

5.74 %

Projected CAGR, Aerospace, 2024-2028

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The aerospace industry in Saudi Arabia is expected to register the fastest growth over the forecast period owing to the increasing demand for sealants from civil and general aircraft in the country.

Largest Market by Resin

38.98 %

value share, Silicone, 2023

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Silicone sealant is the major resin-based sealant as its application share in the building and construction industry is the largest for both interior and exterior applications.

Fastest Growing Market by Resin

5.51 %

Projected CAGR, Polyurethane, 2024-2028

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Due to its excellent sheer strength and high impact resistance and wide usage in the building and construction end-user industry, silicone sealant is likely to be the fastest-growing resin segment over the forecast period.

Leading Market Player

6.45 %

market share, Henkel AG & Co. KGaA, 2021

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Henkel is the top player in the Saudi Arabian sealants market owing to its wide range of products offered through various sales and distribution channels.

Rapid growth of residential and commercial construction will augment the product demand

  • The construction industry primarily dominates the Saudi Arabian sealants market due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather sealing, cracks sealing, and joint sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry plays a vital role in the country's economy. However, construction activities decreased in 2020 due to the COVID-19 pandemic and the resultant restrictions and scarcity of raw materials, which was partially restored in 2021, and helped boost the sealants demand across the country.
  • Sealants are used in the healthcare industry for assembling and sealing medical device parts with their unique binding ability with various substrates such as glass, metal, plastic, and painted surfaces. Medical-grade sealants offer weather-proofing, heat resistance, and anti-aging properties on the applied surfaces. Therefore, the demand for sealants is likely to witness nominal growth over the coming years.
  • The other end-user industries segment comprises electronics and electrical components, locomotive and marine, DIY, etc., of which the electronics industry holds the major share due to sealants' diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, etc. Saudi Arabia's electronics market is proliferating due to the rapidly growing demand for wearable gadgets and consumer appliances. The rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, is expected to boost demand for the Saudi Arabian sealants market over the forecast period.
Saudi Arabia Sealants Market

Saudi Arabia Sealants Industry Segmentation Saudi Arabia Sealants Industry Segmentation

Aerospace, Automotive, Building and Construction, Healthcare are covered as segments by End User Industry. Acrylic, Epoxy, Polyurethane, Silicone are covered as segments by Resin.

  • The construction industry primarily dominates the Saudi Arabian sealants market due to the diverse applications of sealants in building and construction activities, such as waterproofing, weather sealing, cracks sealing, and joint sealing. Moreover, construction sealants are designed for longevity and ease of application on different substrates. The construction industry plays a vital role in the country's economy. However, construction activities decreased in 2020 due to the COVID-19 pandemic and the resultant restrictions and scarcity of raw materials, which was partially restored in 2021, and helped boost the sealants demand across the country.
  • Sealants are used in the healthcare industry for assembling and sealing medical device parts with their unique binding ability with various substrates such as glass, metal, plastic, and painted surfaces. Medical-grade sealants offer weather-proofing, heat resistance, and anti-aging properties on the applied surfaces. Therefore, the demand for sealants is likely to witness nominal growth over the coming years.
  • The other end-user industries segment comprises electronics and electrical components, locomotive and marine, DIY, etc., of which the electronics industry holds the major share due to sealants' diverse applications in the electronics and electrical equipment manufacturing industry for potting and protecting materials. They are used for sealing sensors and cables, etc. Saudi Arabia's electronics market is proliferating due to the rapidly growing demand for wearable gadgets and consumer appliances. The rapid growth of e-commerce activities, along with the strong market positioning of the consumer electronics segment, is expected to boost demand for the Saudi Arabian sealants market over the forecast period.
End User Industry
Aerospace
Automotive
Building and Construction
Healthcare
Other End-user Industries
Resin
Acrylic
Epoxy
Polyurethane
Silicone
Other Resins
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Saudi Arabia Sealants Market Size Summary

The Saudi Arabia sealants market is primarily driven by the construction industry, which utilizes sealants for various applications such as waterproofing, weather sealing, and joint sealing. The construction sector's significance to the national economy is underscored by its substantial demand for sealants, despite challenges posed by the COVID-19 pandemic, which temporarily disrupted activities. The market is also supported by the healthcare industry, where medical-grade sealants are used for their binding properties and resistance to environmental factors. Additionally, the electronics sector contributes to market growth through the use of sealants in manufacturing processes for potting and protecting components. The burgeoning demand for consumer electronics and the expansion of e-commerce further bolster the market's prospects.

Saudi Arabia's ambitious Vision 2030 and National Transformation Plan have spurred significant investments in infrastructure, healthcare, and education, enhancing the demand for sealants. Major construction projects, including the Neom mega-city and various luxury developments, are expected to drive increased sealant usage. The automotive industry, although predominantly import-based, is witnessing efforts to boost local production, which may also contribute to sealant demand. The market is characterized by fragmentation, with key players like Dow, Henkel AG & Co. KGaA, and Sika AG holding significant shares. Recent developments, such as WACKER's launch of renewables-based silicone sealants, indicate ongoing innovation within the sector.

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Saudi Arabia Sealants Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2028 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Healthcare

      5. 1.1.5 Other End-user Industries

    2. 1.2 Resin

      1. 1.2.1 Acrylic

      2. 1.2.2 Epoxy

      3. 1.2.3 Polyurethane

      4. 1.2.4 Silicone

      5. 1.2.5 Other Resins

Saudi Arabia Sealants Market Size FAQs

The Saudi Arabia Sealants Market size is expected to reach USD 171.18 million in 2024 and grow at a CAGR of 5.33% to reach USD 210.71 million by 2028.

In 2024, the Saudi Arabia Sealants Market size is expected to reach USD 171.18 million.

Saudi Arabia Sealants Market Report Snapshots

Saudi Arabia Sealants Market Size & Share Analysis - Growth Trends & Forecasts UP TO 2028

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