Middle East & Africa Ethylene Propylene Diene Monomer (epdm) Market Size & Outlook
Middle East & Africa ethylene propylene diene monomer (epdm) market, 2019-2030 (US$M)
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MEA ethylene propylene diene monomer (epdm) market highlights
- The MEA ethylene propylene diene monomer (epdm) market generated a revenue of USD 263.4 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, seals & o-rings was the largest revenue generating product in 2023.
- Seals & O-Rings 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 263.4 million |
| Market revenue in 2030 | USD 362.2 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Seals & o-rings |
| Fastest growing segment | Seals & O-Rings |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hoses, Seals & O-Rings, Gaskets, Rubber Compounds, Roofing Membranes, Connectors and insulators, Weather Stripping, Other products |
| Key market players worldwide | Dow Inc, Exxon Mobil Corp, ARLANXEO, Johns Manville, Kumho Petrochemical, Sumitomo Chemical Co Ltd, Lion Corp, Mitsui Chemicals Inc, PetroChina Co Ltd Class H, Valsoia |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.6% of the global ethylene propylene diene monomer (epdm) 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 2,922.1 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Ethylene Propylene Diene Monomer (EPDM) Market Scope
Ethylene Propylene Diene Monomer (EPDM) Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa ethylene propylene diene monomer (epdm) 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 ethylene propylene diene monomer (epdm) market will help companies and investors design strategic landscapes.
Seals & o-rings was the largest segment with a revenue share of 18.15% in 2023. Horizon Databook has segmented the Middle East & Africa ethylene propylene diene monomer (epdm) market based on hoses, seals & o-rings, gaskets, rubber compounds, roofing membranes, connectors and insulators, weather stripping, other products covering the revenue growth of each sub-segment from 2019 to 2030.
The Middle East & Africa market is expected to witness growth owing to massive infrastructure development in the U.A.E. and Saudi Arabia. Rapid industrialization coupled with improving manufacturing industry infrastructure in the Middle East & Africa is expected to impact the demand for EPDM on a positive note.
The East Africa Crude Oil Pipeline (EACOP) Project between Uganda and Tanzania is expected to increase the crude oil production in the region, which, in turn, is likely to fuel the production of EPDM over the forecast period.
Increasing foreign investments in the automotive industry in the Middle East are expected to open the market for hoses, tires, and seals in automotive applications over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ethylene propylene diene monomer (epdm) market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ethylene propylene diene monomer (epdm) market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ethylene propylene diene monomer (epdm) market size, by country, 2019-2030 (US$M)
Middle East & Africa Ethylene Propylene Diene Monomer (EPDM) Market Outlook Share, 2023 & 2030 (US$M)
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