Middle East & Africa Medical Elastomers Market Size & Outlook
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MEA medical elastomers market highlights
- The MEA medical elastomers market generated a revenue of USD 151.4 million in 2023.
- The market is expected to grow at a CAGR of 11.8% from 2024 to 2030.
- In terms of segment, thermoplastic elastomer was the largest revenue generating type in 2023.
- Thermoplastic Elastomer is the most lucrative type 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 151.4 million |
| Market revenue in 2030 | USD 325.5 million |
| Growth rate | 11.8% (CAGR from 2024 to 2030) |
| Largest segment | Thermoplastic elastomer |
| Fastest growing segment | Thermoplastic Elastomer |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thermoplastic Elastomer, Thermoset Elastomer |
| Key market players worldwide | Basf SE, Dow Inc, DuPont de Nemours Inc, DSM Firmenich AG, Kuraray Co Ltd, Teknor Apex, L.B. Foster Co Class A, Hexpol AB Class B, Trelleborg AB Class B, Celanese Corp Class A, Solvay SA, Kraton Performance Polymers, Momentive, Avient Corp, Biomerics |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.6% of the global medical elastomers market in 2023.
- Globally, North America 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 2,622.7 million by 2030.
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Medical Elastomers Market Scope
Medical Elastomers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Kraton Performance Polymers | View profile | 501-1000 | Houston, Texas, United States, North America | http://www.kraton.com/ |
| Trelleborg AB Class B | View profile | 15646 | Johan Kocksgatan 10, P.O. Box 153, Trelleborg, Sweden, SE- 23122 | https://www.trelleborg.com |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Biomerics | View profile | 1001-5000 | Salt Lake City, Utah, United States, North America | http://biomerics.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Hexpol AB Class B | View profile | 5084 | Skeppsbron 3, Malmo, Sweden, 211 20 | https://www.hexpol.com |
| L.B. Foster Co Class A | View profile | 1562 | 415 Holiday Drive, Suite 100, Pittsburgh, PA, United States, 15220 | https://www.lbfoster.com |
| Celanese Corp Class A | View profile | 12410 | 222 West Las Colinas Boulevard, Suite 900N, Irving, TX, United States, 75039-5421 | https://www.celanese.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Teknor Apex | View profile | 1001-5000 | Pawtucket, Rhode Island, United States, North America | http://www.teknorapex.com/ |
| Avient Corp | View profile | 9300 | 33587 Walker Road, Avon Lake, OH, United States, 44012 | https://www.avient.com |
| Kuraray Co Ltd | View profile | 13161 | Ote Center Building,1-1-3, Otemachi, Chiyoda-ku, Tokyo, Japan, 100-8115 | http://www.kuraray.co.jp |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| DSM Firmenich AG | View profile | 30000 | Wurmisweg 576, Kaiseraugst, Switzerland, 4303 | https://www.dsm-firmenich.com/corporate/home.html |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa medical elastomers 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 medical elastomers market will help companies and investors design strategic landscapes.
Thermoplastic elastomer was the largest segment with a revenue share of 76.42% in 2023. Horizon Databook has segmented the Middle East & Africa medical elastomers market based on thermoplastic elastomer, thermoset elastomer covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa medical elastomers market databook
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Our clientele includes a mix of medical elastomers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 medical elastomers market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa medical elastomers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA medical elastomers market size, by country, 2018-2030 (US$M)
Middle East & Africa Medical Elastomers Market Outlook Share, 2023 & 2030 (US$M)
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