Middle East & Africa Low Profile Additives Market Size & Outlook
Middle East & Africa low profile additives market, 2018-2030 (US$M)
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MEA low profile additives market highlights
- The MEA low profile additives market generated a revenue of USD 18.4 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, polyvinyl acetate (pvac) was the largest revenue generating product in 2023.
- Polyvinyl Acetate (PVAc) 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 18.4 million |
| Market revenue in 2030 | USD 31.7 million |
| Growth rate | 8.1% (CAGR from 2023 to 2030) |
| Largest segment | Polyvinyl acetate (pvac) |
| Fastest growing segment | Polyvinyl Acetate (PVAc) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyvinyl Acetate (PVAc), Polymethyl methacrylate (PMMA), Polystyrene, Polyurethane, High Density Polyethylene |
| Key market players worldwide | Wacker Chemie AG, INEOS, Perfect Moment Ltd, Basf SE, Altana AI, Polychem Corporation, LyondellBasell Industries NV Class A, Imax Corp, Synthomer PLC, Advantagewon Oil Corp, NOF Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.6% of the global low profile additives 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 647.3 million by 2030.
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Low Profile Additives Market Scope
Low Profile Additives Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa low profile additives 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 low profile additives market will help companies and investors design strategic landscapes.
Polyvinyl acetate (pvac) was the largest segment with a revenue share of 38.04% in 2023. Horizon Databook has segmented the Middle East & Africa low profile additives market based on polyvinyl acetate (pvac), polymethyl methacrylate (pmma), polystyrene, polyurethane, high density polyethylene covering the revenue growth of each sub-segment from 2018 to 2030.
The easy availability of raw materials such as carbon black and carrier polymers for additive manufacturing is anticipated to enhance the production of PET additives in the Middle East & Africa in the coming years. Infrastructure development projects offer lucrative investment opportunities in Saudi Arabia, the UAE, and South Africa.
Moreover, the growing disposable income level of consumers in emerging economies of Africa is expected to fuel the demand for plastics and their additives, including low profile additives in the region, over the forecast period.
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Our clientele includes a mix of low profile additives 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 low profile additives market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa low profile additives market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA low profile additives market size, by country, 2018-2030 (US$M)
Middle East & Africa Low Profile Additives Market Outlook Share, 2023 & 2030 (US$M)
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