Market revenue in 2023 | USD 455.1 thousand |
Market revenue in 2030 | USD 678.3 thousand |
Growth rate | 5.9% (CAGR from 2023 to 2030) |
Largest segment | Flexible foam |
Fastest growing segment | Flexible Foam |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD thousand |
Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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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 bio based polyurethane market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 51.02% in 2023. Horizon Databook has segmented the Middle East & Africa bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa market is anticipated to witness steady growth over the forecast period owing to the growth in building & construction industry. The building & construction growth is mainly supplemented by economies in the Middle East such as the U.A.E., Saudi Arabia, Egypt, Kuwait, and others.
Rapid investment in non-oil based sectors such as improving manufacturing industry infrastructure in the region is expected to fuel the growth of construction industry, which, in turn, is anticipated to drive the bio-based Middle East & African market.
Bio-based polyurethane provides form-fitting cushioning that securely protects fragile items, especially during transit. Since the Middle East hosts one of the busiest airports, the Dubai International Airport, countless valuable & fragile products are imported as well as exported which require protective packaging to reduce the risk of damage.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa bio based polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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