Middle East & Africa Modified Polypropylene Market Size & Outlook
Middle East & Africa modified polypropylene market, 2017-2030 (US$M)
MEA modified polypropylene market highlights
- The MEA modified polypropylene market generated a revenue of USD 2,318.7 million in 2020.
- The market is expected to grow at a CAGR of 5.2% from 2021 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2020.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2020 | USD 2,318.7 million |
| Market revenue in 2030 | USD 3,854.2 million |
| Growth rate | 5.2% (CAGR from 2020 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2017 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Building & Construction, Packaging, Medical, Electrical & Electronics |
| Key market players worldwide | LG Chem, SABIC, LyondellBasell Industries NV Class A, Kingfa Technology, PetroChina Co Ltd Class H, PolyPacific, Arkema SA, Covestro AG, China XD |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.8% of the global modified polypropylene market in 2020.
- 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 29,136.5 million by 2030.
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Modified Polypropylene Market Scope
Modified Polypropylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa modified polypropylene 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 modified polypropylene market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 55.07% in 2020. Horizon Databook has segmented the Middle East & Africa modified polypropylene market based on automotive, building & construction, packaging, medical, electrical & electronics covering the revenue growth of each sub-segment from 2017 to 2030.
The Middle East has witnessed growth in automotive industry in the past few years owing to the developing infrastructure, economic recovery, growing logistics, e-commerce, & tourism sector, and increasing number of educational institutes.
Growing demand for passenger cars in the region is propelled by increasing per capita income along with growing completely knock-down (CKD) plants. Construction industry in countries such as Jordan and Egypt have witnessed growth in recent years.
Jordan’s construction industry has been growing due to the country’s sizeable refugee population and infrastructure development. In addition, easing of geopolitical tensions in the country is a major factor for reconstruction, in turn, boosting construction industry in the region.
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Our clientele includes a mix of modified polypropylene 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 modified polypropylene market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa modified polypropylene market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa modified polypropylene market
Middle East & Africa Modified Polypropylene Market Share, 2020 & 2030 (US$M)
Middle East & Africa modified polypropylene market
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