Middle East & Africa Aerosol Propellants Market Size & Outlook
Middle East & Africa aerosol propellants market, 2018-2030 (US$M)
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MEA aerosol propellants market highlights
- The MEA aerosol propellants market generated a revenue of USD 567.1 million in 2023.
- The market is expected to grow at a CAGR of 7% from 2024 to 2030.
- In terms of segment, hydrocarbons was the largest revenue generating product in 2023.
- DME and Methyl Ethyl Ether is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 567.1 million |
| Market revenue in 2030 | USD 912.1 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocarbons |
| Fastest growing segment | DME and Methyl Ethyl Ether |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hydrocarbons, DME and Methyl Ethyl Ether, Nitrous Oxide and Carbon Dioxide, Other Products |
| Key market players worldwide | Shell PLC, Brother Industries Ltd, The Chemours Co, Mitsubishi Gas Chemical Co Inc, DuPont de Nemours Inc, Honeywell International Inc, Linde PLC, National Fuel Gas Co |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.7% of the global aerosol propellants market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,250.8 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Aerosol Propellants Market Scope
Aerosol Propellants Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa aerosol propellants market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to aerosol propellants market will help companies and investors design strategic landscapes.
Hydrocarbons was the largest segment with a revenue share of 74.15% in 2023. Horizon Databook has segmented the Middle East & Africa aerosol propellants market based on hydrocarbons, dme and methyl ethyl ether, nitrous oxide and carbon dioxide, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa (MEA) aerosol propellants demand is increasing owing to rising urbanization in few countries particularly UAE and Saudi Arabia is expected to increase household application and thus in turn positively impact aerosol propellants market over the forecast period.
Abundant oil & gas reserves in the Middle East are expected to propel hydrocarbon production in the region which in turn will meet the growing demand. In addition, a large number of production facility of DME in MEA is expected to meet the growing demand for aerosol propellants.
Middle East & Africa is estimated to be the second-fastest-growing region after APAC due to its growing market for personal care, beauty & cosmetics, and hygiene products. UAE, Saudi Arabia, Egypt, Morocco, and South Africa are considered to be the largest contributors to personal care, beauty products due to increasing preference driven by the fashion industry.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aerosol propellants market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aerosol propellants market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aerosol propellants market size, by country, 2018-2030 (US$M)
Middle East & Africa Aerosol Propellants Market Outlook Share, 2023 & 2030 (US$M)
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