Middle East & Africa Expanded Polypropylene Foam Market Size & Outlook
Middle East & Africa expanded polypropylene foam market, 2018-2030 (US$M)
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MEA expanded polypropylene foam market highlights
- The MEA expanded polypropylene foam market generated a revenue of USD 59.1 million in 2022.
- The market is expected to grow at a CAGR of 9.7% from 2023 to 2030.
- In terms of segment, high density was the largest revenue generating product in 2022.
- High Density is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Gulf Cooperation Council is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 59.1 million |
| Market revenue in 2030 | USD 123.6 million |
| Growth rate | 9.7% (CAGR from 2022 to 2030) |
| Largest segment | High density |
| Fastest growing segment | High Density |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | High Density, Low Density, Medium Density |
| Key market players worldwide | JSP Corp, Basf SE, Kaneka Corp, DS Smith PLC, Furukawa Electric Co Ltd, Hanwha, Sonoco Products Co, Knauf, Crown Holdings Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.0% of the global expanded polypropylene foam market in 2022.
- 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 970.4 million by 2030.
High density was the largest segment with a revenue share of 42.98% in 2022. Horizon Databook has segmented the Middle East & Africa expanded polypropylene foam market based on high density, low density, medium density covering the revenue growth of each sub-segment from 2018 to 2030.
The growing consumer goods industry in the Middle East & Africa region is expected to have significant impacts on the EPP foam demand in the region, over the forecast period. Rising consumer disposable income, coupled with the increasing dependency on electronic equipment for household applications, is expected to propel the demand for appliances in the region.
Manufacturers in the region are expected to increase their production capacities to tap into the rising domestic demand and increasing foreign exports, which is likely to have a positive impact on the growth of plastics industry over the forecast period.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Expanded Polypropylene Foam Market Scope
Expanded Polypropylene Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA expanded polypropylene foam market size, by country, 2018-2030 (US$M)
Middle East & Africa Expanded Polypropylene Foam Market Outlook Share, 2022 & 2030 (US$M)
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