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Showing posts with the label Adhesives and Tapes Market

Saudi Arabia Industries to Show Greater Potential for Adhesives and Tapes Market Analysis By 2023

The Saudi Arabia adhesives and tapes market is prophesied to gain impetus on the back of an augmenting demand in profit-making sectors, especially construction and packaging. First developed in 1960 on a commercial platform, modern-day adhesives and even tapes are engaged in various forms for the purpose of binding a wide range of substrates, including ceramics, textiles, metal, plastic, paper, and wood. The other key end users in the Saudi Arabia adhesives and tapes market are prognosticated to be furniture, medical, bookbinding, automotive, electronics, and footwear industries. From 2015 to 2023, the adhesives and tapes market for Saudi Arabia could achieve a 5.5% CAGR. By 2023, the Saudi Arabia adhesives and tapes market is expected to earn a valuation of approximately US$1.0 bn, a telling progress from US$0.6 bn in 2016. Manufacturers operating in the adhesives and tapes market for Saudi Arabia could feel the pressure on their profit margins as downstream petrochemical prices...