Middle East & Africa Aerospace Plastics Market Size & Outlook
Middle East & Africa aerospace plastics market, 2019-2030 (US$M)
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MEA aerospace plastics market highlights
- The MEA aerospace plastics market generated a revenue of USD 110.6 million in 2023.
- The market is expected to grow at a CAGR of 3.8% from 2024 to 2030.
- In terms of segment, polyetheretherketone (peek) was the largest revenue generating product in 2023.
- Polyetheretherketone (PEEK) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 110.6 million |
| Market revenue in 2030 | USD 144.0 million |
| Growth rate | 3.8% (CAGR from 2023 to 2030) |
| Largest segment | Polyetheretherketone (peek) |
| Fastest growing segment | Polyetheretherketone (PEEK) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyetheretherketone (PEEK), Polyphenylsulfone (PPSU), Polycarbonate (PC), Polyetherimide (PEI), Polymethyl Methacrylate (PMMA), Polyamide (PA), PolyPhenyleneSulfide (PPS), Polyamide-imide (PAI), Polyphenylene ether (PPE), Polyurethane (PU), Other Product |
| Key market players worldwide | Victrex PLC, SABIC, Solvay SA, Basf SE, Evonik Industries AG, Toray Industries Inc, Compagnie de Saint-Gobain SA, DuPont de Nemours Inc, Celanese Corp Class A, Sumitomo Chemical Co Ltd, Covestro AG, Mitsubishi Chemical Group Corp, PPG Industries Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.5% of the global aerospace plastics market in 2023.
- Globally, North America 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 669.1 million by 2030.
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Aerospace Plastics Market Scope
Aerospace Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa aerospace plastics 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 aerospace plastics market will help companies and investors design strategic landscapes.
Polyetheretherketone (peek) was the largest segment with a revenue share of 61.3% in 2023. Horizon Databook has segmented the Middle East & Africa aerospace plastics market based on polyetheretherketone (peek), polyphenylsulfone (ppsu), polycarbonate (pc), polyetherimide (pei), polymethyl methacrylate (pmma), polyamide (pa), polyphenylenesulfide (pps), polyamide-imide (pai), polyphenylene ether (ppe), polyurethane (pu), other product covering the revenue growth of each sub-segment from 2019 to 2030.
The supportive policies of the Middle Eastern governments have contributed significantly to the market growth in recent years since the aerospace industry has received a boost, in terms of imported materials and impetus for regional manufacturing.
In November 2022, Bell Textron signed an agreement for the sale of 10 Bell 505 helicopters to the Royal Jordanian Air Force (RJAF) at The Special Operations Forces Exhibition & Conference (SOFEX) in Aqaba, Jordan. The contract includes the delivery of the aircraft with a flight training device and a comprehensive computer-based training package.
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Our clientele includes a mix of aerospace plastics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa aerospace plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa aerospace plastics market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA aerospace plastics market size, by country, 2019-2030 (US$M)
Middle East & Africa Aerospace Plastics Market Outlook Share, 2023 & 2030 (US$M)
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