PUBLISHER: The Insight Partners | PRODUCT CODE: 1494312
PUBLISHER: The Insight Partners | PRODUCT CODE: 1494312
The Middle East & Africa thermoplastic adhesive films market was valued at US$ 50.60 million in 2022 and is expected to reach US$ 68.77 million by 2030; it is estimated to grow at a CAGR of 3.9% from 2022 to 2030.
Growing Automotive and Textile Industries Drive Middle East & Africa Thermoplastic Adhesive Films Market
Thermoplastic adhesive films are used in smart fabrics, home textiles, and other textiles for bonding and enhancing fabric functionality. Technical textiles are high-functionality fabrics primarily manufactured for technical performance in industrial, medical, aerospace, automotive, ballistic, and sports applications. In Jul 2022, NWTN, a UAE electric car maker, expanded its Abu Dhabi factory to boost the green automotive industry, creating jobs for Emiratis. In partnership with the Industrial Development Bureau, the move aligns with Abu Dhabi's industrial strategy, emphasizing technological advancement. This contributes to the growth of the automotive sector impacting the automotive textile industry through increased demand for sustainable materials in electric vehicles.
Also, the increased investment and funding in aerospace research and development capacities by governments globally have prompted market players to design and innovate aircraft materials such as advanced composites. Lightweight hybrid components and advanced composites are widely used in the automotive and aerospace industries for reducing weight and enhancing component functionality. Thermoplastic adhesive films are used to fabricate high-performance composites and honeycomb core structures. Thus, the global automotive and textile industry is driving the Middle East & Africa thermoplastic adhesive films market.
Middle East & Africa Thermoplastic Adhesive Films Market Overview
The thermoplastic adhesive films market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The development of the aerospace industry has upsurged in the region owing to the growing tourism industry and the rising immigrant population. The demand for lightweight hybrid structures and composites is driven by advancements in the aerospace industry, funded and supported by government initiatives. Over the last decade, the UAE government invested extensively in airport developments and expansion projects, including US$ 8.1 billion in Al Maktoum International Airport in Dubai, US$ 7.6 billion in the Dubai International Airport Expansion Phase 4, US$ 6.8 billion in Abu Dhabi Airport development and expansion plans, and ~US$ 400 million in Sharjah's International Airport terminal expansion. Turkey marks the presence of 48,000 hybrid and 2,000 electric vehicles on the roads and ~800 vehicle charging stations as of 2022. Therefore, the electric vehicle market is expected to grow exponentially with rising investments, positively impacting the Turkish mobility market, which is anticipated to reach US$ 90 billion by 2030. Thus, the factors mentioned above are expected to drive the thermoplastic adhesive films market in the Middle East & Africa during the forecast period.
Middle East & Africa Thermoplastic Adhesive Films Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa Thermoplastic Adhesive Films Market Segmentation
The Middle East & Africa thermoplastic adhesive films market is segmented based on material, technology, application, end use, and country.
Based on material, the Middle East & Africa thermoplastic adhesive films market is segmented into polyethylene, polyamide, thermoplastics polyurethane, polyester, polypropylene, polyolefins, copolyamides, copolyesters, and others. The thermoplastics polyurethane segment held the largest share in 2022.
Based on technology, the Middle East & Africa thermoplastic adhesive films market is bifurcated into cast film and blown film. The cast film segment held a larger share in 2022.
Based on application, the Middle East & Africa thermoplastic adhesive films market is segmented into membrane films, barrier films, and blackout films. The barrier films segment held the largest share in 2022.
Based on end use, the Middle East & Africa thermoplastic adhesive films market is segmented into textile, automotive, electrical and electronics, medical, ballistic protection, lightweight hybrid construction, and others. The textile segment held the largest share in 2022.
Based on country, the Middle East & Africa thermoplastic adhesive films market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa thermoplastic adhesive films market in 2022.
PROTECHNIC SA, HB Fuller co, Covestro AG, and tesa SE are some of the leading companies operating in the Middle East & Africa thermoplastic adhesive films market.