South Africa Adhesives Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

South Africa Adhesives Market - Size, Share, COVID-19 Impact & Forecasts up to 2028

The South Africa Adhesives Market is projected to register a CAGR of 6.15%

Key Highlights

• Largest Segment by End User Industry - Packaging : The packaging industry has registered to hold the largest share in the South African adhesives market owing to its widespread applications, including labels, tapes, carton sealing and joining, and labeling.
• Fastest-growing Segment by End User Industry - Aerospace : The aerospace industry has registered as the fastest end-user segment in the South African adhesives market owing to the rapid expansion of general aviation and civil aviation in the domestic market.
• Largest Segment by Technology - Water-borne : Water-borne technology, an environmentally friendly and economically viable solution, has obtained a major share in the South African adhesives market due to its well-recognized usage in food packaging applications through emulsion and dispersion systems.
• Largest Segment by Resin - Polyurethane : Polyurethane adhesives hold the largest share owing to their wide applications in building construction, woodworking, and automotive industries, specifically for exterior applications.

Key Market TrendsPackaging is the largest segment by End User Industry.

• South Africa is one of the top individual demand generators in Africa. From 2017 to 2021, South Africa maintained a 14 to 16% share. Acrylic, epoxy, and EVA are the most often used resins in South Africa. The building and construction, packaging, and healthcare industries account for the majority of the country's adhesive demand.
• The demand for adhesives increased dramatically between 2017 and 2019. The automotive and construction end-user sectors are driving the increase in the demand for adhesives, mostly as a result of policy assistance from the government. For example, the introduction of the Automotive Manufacturing Development Program (APDP) in 2013 enhanced long-term automotive investments in the nation, which expanded local production capacity during this forecasting time.
• Adhesives are majorly consumed in the packaging industry in the country owing to their importance in bonding plastics, metals, and paper and cardboard packaging applications. Waterborne adhesives are highly consumed in the industry because of their cheaper cost and high bonding strength, which is required in these applications. It is seen that nearly 30 thousand tons of water-borne adhesives were consumed in the packaging industry of the country in 2021.
• Furthermore, African nations are making significant attempts to improve domestic production with the support of increased investment from Asian and European countries. As a result, established overseas firms, such as Lupin and Dr. Reddy's, are anticipated to increase their manufacturing capacity in the region. This factor is predicted to increase demand for healthcare packaging materials, such as blister packs, caps and closures, pouches, and IV bags.

Competitive Landscape

The South Africa Adhesives Market is fragmented, with the top five companies occupying 27.81%. The major players in this market are Arkema Group, AVERY DENNISON CORPORATION, H.B. Fuller Company, Henkel AG & Co. KGaA and Permoseal (Pty) Ltd (sorted alphabetically).

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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