Middle East & Africa Expanded Polystyrene Market Size & Outlook
Middle East & Africa expanded polystyrene market, 2018-2030 (US$M)
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MEA expanded polystyrene market highlights
- The MEA expanded polystyrene market generated a revenue of USD 635.8 million in 2023.
- The market is expected to grow at a CAGR of 7.5% from 2024 to 2030.
- In terms of segment, white was the largest revenue generating product in 2023.
- White 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 635.8 million |
| Market revenue in 2030 | USD 1,054.6 million |
| Growth rate | 7.5% (CAGR from 2023 to 2030) |
| Largest segment | White |
| Fastest growing segment | White |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | White, Grey |
| Key market players worldwide | Atlas Roofing, Alpek SA Class A, Basf SE, Kaneka Corp, Sibur, TotalEnergies SE, Koch Industries, STMicroelectronics NV ADR, Ravago Chemicals, Eni, SABIC, SUTL Enterprise Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.9% of the global expanded polystyrene 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 8,280.4 million by 2030.
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Expanded Polystyrene Market Scope
Expanded Polystyrene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa expanded polystyrene 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 expanded polystyrene market will help companies and investors design strategic landscapes.
White was the largest segment with a revenue share of 62.65% in 2023. Horizon Databook has segmented the Middle East & Africa expanded polystyrene market based on white, grey covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa expanded polystyrene market is expected to witness moderate growth over the forecast period. Rising demand from construction industry as well as from other end-use industries such as automotive and packaging is expected to fuel the market growth over the forecast period.
Rapid industrialization coupled with improving infrastructure in GCC countries is expected to positively impact the product demand. The growth of construction industry mainly in Saudi Arabia, the UAE, and Qatar owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects are together expected to drive the demand for expanded polystyrene over the forecast period.
Furthermore, rising population and high disposable incomes, along with access to vehicle financing and low petrol prices compared with other regions, are expected to propel the growth of EPS market in the Middle East.
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Our clientele includes a mix of expanded polystyrene market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa expanded polystyrene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa expanded polystyrene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA expanded polystyrene market size, by country, 2018-2030 (US$M)
Middle East & Africa Expanded Polystyrene Market Outlook Share, 2023 & 2030 (US$M)
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