- The growing demand for reducing costs significantly and boosting efficiency in the warehouses has supported the deployment of the automated material handling systems and robots in the region. For instance, AutoStore uses robots and bins to quickly process small parts orders and provides better use of available space than any other automated system in the market.

- According to Swisslog Middle East several companies in the UAE and globally have benefitted immensely from logistics automation, and, particularly in the Middle East, there is an increasing demand for automated logistics solutions in industries ranging from e-commerce and retail to F&B and pharma.

- Moreover, according to World Bank's, 2018 Logistics Performance Index ranking, the UAE stands 13th out of the 160 countries outstripping Canada, France, Finland, Denmark and Australia. This is encouraging the businesses to adopt automated material handling solutions in the country.

- Automation is a crucial driver for the full spectrum of industries, including e-commerce. According to a Fitch Solutions report, the UAE’s e-commerce sector alone is currently worth USD 17.8 billion, representing 45.6% of the total value of the Middle East’s e-commerce market. This has been positively imapcting the growth of the market.

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Key Market Trends

Retail Sector to Witness Significant Growth

- The retail sector is one of the most significant contributors to the demand for automated material handling (AMH) solutions in the Middle East & African region. Almost 25% of the revenue obtained for AMH in the region was sourced from this sector.

- The growth of the retail segment in the region was primarily governed by two factors, rapid growth in the e-commerce segment and increasing investments in tourism and hospitality services.

- As most of the Middle Eastern countries depend on the oil and gas sector, they are taking necessary steps to increase their non-oil revenue streams. This trend is evident in the case of Saudi Arabia and the United Arab Emirates, which are investing heavily in special economic zones for the manufacturing sector and tourism development.

- Companies like IHG, Marriott, Accor Hotels, and Hilton are continuously expanding, as the investments in tourism are fetching more international tourists. In case of the e-commerce sector, with increasing demand from countries outside GCC, the GCC countries are evolving as redistributors. This is increasing the number of warehouse establishments in the region, leading to growth in demand for automated material handling (AMH) equipment.

South Africa to Hold Major Share

- Increasing FDI for the Middle East (due to increasing political conflicts in the European and American regions) is expected to drive the demand for automation in the region.

- Although Africa has surplus trade overseas, intra-African trade remains low. The adoption of more open policies and investments in infrastructure by the African countries is expected to build momentum for intra-African trade, strengthening the local distribution channels.

- With its well-built logistics networks in the region, South Africa is a promising platform for the e-commerce industry. More than 50% of the population in the country is estimated to have internet access, which account for around 83 million online shoppers in the region. Tourism is another primary driver for the increase in the demand for AMH equipment in the region, with its impact on the surrounding retail and food and beverage establishments.

Competitive Landscape

The Middle East & Africa automated material handling market is consolidated and moderately competitive in nature. Product launches, high expense on research and development, partnerships and acquisitions, etc. are the prime growth strategies adopted by the companies in the country to sustain the growing competition.

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The future of the IV-IV compound semiconductor market looks promising with opportunities in the healthcare, automotive, aerospace & defense, telecommunication, and consumer electronics industries. The global IV-IV compound semiconductor market is expected to grow with a CAGR of 4% to 6% from 2020 to 2025. The major drivers for this market are increase in initiatives by government in funding the semiconductor industry, rise in demand for silicon & germanium, and growth in the usage of IV-IV compound semiconductor in led applications.
 

A total of XX figures / charts and XX tables are provided in more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global IV-IV compound semiconductor market report, please download the report brochure.

Growth in various segments of the IV-IV compound semiconductor market are given below:

The study includes trends and forecast for the global IV-IV compound semiconductor market by material type, end use industry, and region as follows:
 

By Material Type [Value ($ Million) shipment analysis for 2014 – 2025]:

• SiC 
• SiGe 
• Others 

By End Use Industry [Value ($ Million) shipment analysis for 2014 – 2025]:

• Healthcare 
• Automotive 
• Aerospace & Defense
• Telecommunication 
• Consumer Electronics
• Others

By Region [Value ($ Million) shipment analysis for 2014 – 2025]:

• North America
• United States
• Canada 
• Mexico
• Europe
• United Kingdom
• Spain
• Germany
• France
• Asia Pacific
• China
• India
• Japan
• The Rest of the World 
• Brazil

Some of the IV-IV compound semiconductor manufacturers profiled in this report include, Nichia, Samsung Electronic, Osram, Qorvo, Skyworks, Cree, on Semiconductor, GAN Systems, Mitsubishi Electric, Infineon and NXP.
 

In this market, SiC and SiGe are the major materials used.
 

Within this market, healthcare, automotive, aerospace & defense, telecommunication, and consumer electronics are the major end use industries.
 

Asia-Pacific will remain the largest region and it is also expected to witness the highest growth over the forecast period due to the growth of the semiconductor industry.

The future of the global VOC sensor and monitors market looks promising with opportunities in industrial process monitoring, environmental monitoring, air purification & monitoring, and leak detection applications. The global VOC sensor and monitors market is expected grow with a CAGR of 4%-6% from 2020 to 2025. The major growth drivers for this market are rising demand for VOC sensor and monitors from developing countries and strong demand in the automation industry.     

A total of XX figures / charts and XX tables are provided in more than 150 pages report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global VOC sensor and monitors market report, please download the report brochure.

The study includes trends and forecast for the global VOC sensor and monitors market by device type, applications, end use industry, and region as follows:

By Device Type [$M shipment analysis for 2014 – 2025]:

• Sensor
• Monitors

By Application [$M shipment analysis for 2014 – 2025]:

• Environmental Monitoring
• Industrial Process Monitoring
• Air Purification & monitoring
• Leak Detection
• Others 

By End Use Industry [$M shipment analysis for 2014 – 2025]:

• Oil & Gas
• Transportation
• Electronics
• Printing
• Others

By Region [$M shipment analysis for 2014 – 2025]:

• North America
  • United States
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Rest of the World

Aeroqual, Alphasense, AMS AG, Dragerwerk AG, Extech Instruments, and FIGARO Engineering Inc. are among the major manufacturers of the global VOC sensor and monitors market.

In this market, sensor and monitors are the major device types. Lucintel forecasts that monitors will remain the largest device type segment over the forecast period due to increasing implementation of rules and regulations by government bodies to ensure occupational health and safety of employees.

Within this market, air purification and monitoring will remain the largest application segment over the forecast period because air pollution is becoming one of the most influential environmental risk factors in urban areas.

North America will remain the largest region over the forecast period, as a large number of manufacturers are investing in R&D to develop advanced products integrated with the gas sensing technology. 

The Global Adhesives and Sealants Market was valued at over USD 59 billion in 2020 and the market is projected to register a CAGR of over 4.5% during the forecast period (2021-2026). Owing to the COVID-19 impact across the world, various construction activities have been halted and industrial activities have been put on hold for quite a long period. For instance, according to OICA, automobile production has declined by around 23% in the first nine months of 2020 compared to the same period in 2019. This has negatively affected the demand for adhesives and sealants in 2020.

- Over the medium term, major factors driving the growth of the market studied are the shifting focus toward the usage of composites and the increasing demand from the packaging industry.

- The packaging segment dominated the market and is likely to grow during the forecast period, owing to the robust growth in demand for packaging materials from the food and beverage and e-retail companies.

- The rising demand for bio-based adhesives is likely to provide huge opportunities for the market studied over the forecast period.

- Asia-Pacific dominated the market across the world, with robust demand from the end-user industries, such as packaging, transportation, electronics, construction, and furniture industry.

Key Market Trends

The Paper, Board, and Packaging Segment to Dominate the Market Demand

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- The paper, board, and packaging segment is the largest consumer of the adhesives and sealants market. The packaging industry has been witnessing strong demand from end-user industries, such as food and beverages, cosmetics, consumer goods, stationery, and other end-user industries.

- Online retail shopping is increasing at a higher rate with the rising internet technologies and web applications, which has largely supported the growth of the packaging industry.

- Moreover, the demand for cosmetics and food and beverage products is expected to grow due to the growing population and demand for quality products, urbanization, and consumers inclining toward technology, hence fueling the demand for the packaging industry.

- Asia-Pacific is expected to witness the strongest growth in the demand for packaging materials, due to the robust economic performance of the developing countries, promising robust market demand, and the growing population, which is adding new demand to the market.

- The flexible packaging market in Asia-Pacific region is expected to reach USD 131 billion by 2023 at an estimated CAGR of over 4.5% during the period 2018-2023.

- Matured markets like Europe and North America are also expected to witness noticeable growth in their packaging industry due to the influence of the online retail business trends.

- Hence, with such robust growth of packaging industry across the world, the demand in the adhesives and sealants market is also expected to increase during the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region dominated the global market share of more than 40%. The increasing demand from industries, such as packaging, construction, and electronics in the countries such as China, India, and Japan.

- Industries such as food and beverage, cosmetics, and consumer goods are continuously seen innovating new products, increasing production, and resorting to attractive packaging materials in order to attract customers.

- Manufacturing companies have been shifting to flexible packaging, as it is lightweight and helps to facilitate selling products in different quantities without making much difference in packaging cost, as in the case of metal or glass packaging.

- This has been leading to robust growth in the demand for flexible packaging, which is further creating a noticeable demand for adhesives in packaging applications.

- The Chinese automotive manufacturing industry is the largest in the world. The industry witnessed a huge slowdown in 2018, wherein the production and sales declined. The similar trend continued in 2019, with the production witnessing a 7.5% decline in 2019. According to the China Association of Automobile Manufacturers (CAAM), the automotive production has witnessed a decline of around 6.7% in the first nine months of 2020.

- Hence, such market trends are expected have significant impact on the growth of the adhesives and sealants market in the region during the forecast period.

Competitive Landscape

The market for adhesives and sealants is fragmented with the top five players accounting for almost 36% of the market. Some of the major players in the market include Henkel AG & Co. KGaA, 3M, H.B. Fuller Company, Arkema Group (Bostik SA), and Sika AG, amongst others.

Reasons to Purchase this report:

- The market estimate (ME) sheet in Excel format

- 3 months of analyst support

For sample report please visit: https://www.statzyreports.com/report/sr496935/adhesives-and-sealants-market

Contact Us:

Poojan Dogra

Public Relations Manager

Statzy Market Research

Email : This email address is being protected from spambots. You need JavaScript enabled to view it.

(IN) - +918484035727

(US) - +1415-871-0483

Website : www.statzyreports.com