Middle East & Africa Dyes And Pigments Market Size & Outlook
Middle East & Africa dyes and pigments market, 2018-2030 (US$M)
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MEA dyes and pigments market highlights
- The MEA dyes and pigments market generated a revenue of USD 1,273.3 million in 2023.
- The market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, dyes was the largest revenue generating product in 2023.
- Dyes is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 1,273.3 million |
| Market revenue in 2030 | USD 1,691.6 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Dyes |
| Fastest growing segment | Dyes |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Dyes, Pigments |
| Key market players worldwide | Basf SE, Clariant AG, DIC Corp, Huntsman Corp, Kronos Worldwide Inc, Lanxess AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.2% of the global dyes and pigments market in 2023.
- Globally, Asia Pacific 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 38,598.2 million by 2030.
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Dyes And Pigments Market Scope
Dyes And Pigments Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa dyes and pigments 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 dyes and pigments market will help companies and investors design strategic landscapes.
Dyes was the largest segment with a revenue share of 67.31% in 2023. Horizon Databook has segmented the Middle East & Africa dyes and pigments market based on dyes, pigments covering the revenue growth of each sub-segment from 2018 to 2030.
The dyes and pigments market in the Middle East and Africa region is being driven by the increasing demand from the plastic industry. The plastic industry in the region is growing rapidly due to the increasing demand for plastic products across various industries, including packaging, construction, and consumer goods.
The demand for plastic packaging products is increasing in the food and beverage industry due to the convenience and cost-effectiveness of plastic packaging compared to other packaging materials. Additionally, the growing construction industry in the region is also increasing demand for plastic products such as pipes, sheets, and other building materials.
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Target buyers of Middle East & Africa dyes and pigments market databook
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Our clientele includes a mix of dyes and pigments market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa dyes and pigments market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa dyes and pigments market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Dyes And Pigments Market Outlook Share, 2023 & 2030 (US$M)
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