Middle East & Africa Epoxy Resin Market Size & Outlook
Middle East & Africa epoxy resin market, 2019-2030 (US$M)
Related Markets
MEA epoxy resin market highlights
- The MEA epoxy resin market generated a revenue of USD 479.3 million in 2022.
- The market is expected to grow at a CAGR of 4.8% from 2023 to 2030.
- In terms of segment, paints & coatings was the largest revenue generating application in 2022.
- Construction is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 479.3 million |
| Market revenue in 2030 | USD 697.3 million |
| Growth rate | 4.8% (CAGR from 2022 to 2030) |
| Largest segment | Paints & coatings |
| Fastest growing segment | Construction |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Paints & Coatings, Wind Turbines, Composites, Construction, Electrical & Electronics, Adhesives |
| Key market players worldwide | 3M Co, Aditya Birla Group, Basf SE, Solvay SA, Huntsman Corp, Olin Corp, Sika AG, Nan Ya Plastics, China Petroleum & Chemical Corp Class H, Momentive, Kolon Industries, Nagase & Co Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global epoxy resin market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 3,286.9 million by 2030.
Paints & coatings was the largest segment with a revenue share of 37.22% in 2022. Horizon Databook has segmented the Middle East & Africa epoxy resin market based on paints & coatings, wind turbines, composites, construction, electrical & electronics, adhesives covering the revenue growth of each sub-segment from 2019 to 2030.
Industrial manufacturing in the Middle East & Africa has witnessed steady growth in the past few years. A shift in focus toward the non-oil private sector in the region is expected to boost manufacturing and other end-use industries, as well as diversify the economy of the region.
The efforts taken by various governments in the region to support the growth of the industrial sector and achieve economic goals are anticipated to largely contribute to the growth of the epoxy resin market in the coming years.
Furthermore, with the rising awareness for green energy, the region has been focusing on initiating green energy projects. For instance, in November 2022, Saudi Arabia launched the Middle East Green Initiative (MGI) and allocated USD 2.5 billion to tackle climate change.
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Epoxy Resin Market Scope
Epoxy Resin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa epoxy resin market
Middle East & Africa Epoxy Resin Market Outlook Share, 2022 & 2030 (US$M)
Middle East & Africa epoxy resin market
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