Middle East & Africa Oxidized Polyethylene Wax Market Size & Outlook
Middle East & Africa oxidized polyethylene wax market, 2018-2030 (US$M)
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MEA oxidized polyethylene wax market highlights
- The MEA oxidized polyethylene wax market generated a revenue of USD 21.6 million in 2023.
- The market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, hdpe was the largest revenue generating product in 2023.
- LDPE is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 21.6 million |
| Market revenue in 2030 | USD 26.8 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Hdpe |
| Fastest growing segment | LDPE |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | HDPE, LDPE |
| Key market players worldwide | The Lubrizol Corp, Marcus Corp, Honeywell International Inc, Baerlocher, SCG Chemicals, Durex Industries, Munzing |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.4% of the global oxidized polyethylene wax 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 163.0 million by 2030.
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Oxidized Polyethylene Wax Market Scope
Oxidized Polyethylene Wax Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa oxidized polyethylene wax 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 oxidized polyethylene wax market will help companies and investors design strategic landscapes.
Hdpe was the largest segment with a revenue share of 82.87% in 2023. Horizon Databook has segmented the Middle East & Africa oxidized polyethylene wax market based on hdpe, ldpe covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East & Africa has a strong demand for printing ink with major demand from packaging industry. The region reflected high growth of printing ink with rise in its end-use industries. Growing demand of flexible packaging is considered to be the key driving factor of the market in Middle East.
Major companies operational in the vertical includes Sun Chemicals, Toyo Ink Group and Huber Group among others, which are recognized as technology-oriented companies. The plastics industry in the region is growing at a rapid pace owing to easy availability of raw materials and technological collaborations.
Rising construction activities in the region is yet another key driver of the ecosystem. In the Middle East, UAE has registered high growth in demand of plastics products. Dubai accounts for a major stake in terms of plastic product consumption with over 375 processing companies that cater 40% of the overall plastics business in United Arab Emirates.
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Our clientele includes a mix of oxidized polyethylene wax 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 oxidized polyethylene wax market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa oxidized polyethylene wax market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Oxidized Polyethylene Wax Market Outlook Share, 2023 & 2030 (US$M)
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