Middle East & Africa Injection Molded Plastic Market Size & Outlook
Middle East & Africa injection molded plastic market, 2019-2030 (US$M)
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MEA injection molded plastic market highlights
- The MEA injection molded plastic market generated a revenue of USD 32,772.3 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, polypropylene was the largest revenue generating raw material in 2023.
- Polypropylene is the most lucrative raw material 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 32,772.3 million |
| Market revenue in 2030 | USD 40,929.9 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Acrylonitrile butadiene styrene, High-density polyethylene, Polystyrene, Other Raw Materials |
| Key market players worldwide | Exxon Mobil Corp, Basf SE, DuPont de Nemours Inc, Dow Inc, Huntsman Corp, Eastman Chemical Co, INEOS, LyondellBasell Industries NV Class A, SABIC, Magna International Inc, IAC Inc Ordinary Shares - New, Berry Global Group Inc, HTI Plastics, AptarGroup Inc, The Rodon Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.9% of the global injection molded plastic 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 181,994.6 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Injection Molded Plastic Market Scope
Injection Molded Plastic Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa injection molded plastic 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 injection molded plastic market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 34.47% in 2023. Horizon Databook has segmented the Middle East & Africa injection molded plastic market based on polypropylene, acrylonitrile butadiene styrene, high-density polyethylene, polystyrene, other raw materials 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 UAE and Saudi Arabia. Rapid industrialization coupled with improving manufacturing industry infrastructure in the Middle East & Africa is expected to impact the demand for injection molded plastics on a positive note.
Oil & gas production base in the Middle Eastern countries is expected to propel the demand for plastic in the region. African countries such as South Africa, Mozambique, and Tanzania are expected to witness an economic boom on account of abundant raw material availability and rapid industrialization, which, in turn, is likely to fuel the demand for injection molded plastics over the forecast period.
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Our clientele includes a mix of injection molded plastic market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa injection molded plastic market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa injection molded plastic market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA injection molded plastic market outlook size, by country, 2019-2030 (US$M)
Middle East & Africa Injection Molded Plastic Market Outlook Share, 2023 & 2030 (US$M)
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