The glues based on starches or modified starches market in Saudi Arabia shows a mixed trend from 2013 to 2023. The market was valued at 15.883 million USD in 2023. Over this period, there were fluctuations with notable declines in 2016 and 2020 but rebounds in 2017 and 2021. Consistent year-on-year variations indicate volatility, with significant positive changes in 2021 (20.36%) leading to a five-year average change (CAGR) of -0.46%. Recent years show very slight declines, suggesting a stabilization phase.
Future trends to watch for include potential growth driven by increasing industrial applications and eco-friendly initiatives favoring starch-based products. Monitoring regulatory changes and technological advancements will be crucial as these could open new market opportunities or impose constraints. Additionally, consumer preference shifts towards sustainable solutions are likely to impact market dynamics positively.
| # | 14 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 31,392,000 | 2023 | -0.14% | -0.89% | View data |
| 2 | 2 Italy | 24,745,000 | 2023 | +1.14% | +1.75% | View data |
| 3 | 3 Saudi Arabia | 15,883,000 | 2023 | -0.1% | -0.46% | |
| 4 | 4 Greece | 14,623,000 | 2023 | +5.26% | +4.7% | View data |
| 5 | 5 Spain | 13,373,000 | 2023 | -3.08% | +0.14% | View data |
