Middle East & Africa Petrochemicals Market Size & Outlook
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MEA petrochemicals market highlights
- The MEA petrochemicals market generated a revenue of USD 23,922.2 million in 2022.
- The market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, ethylene was the largest revenue generating product in 2022.
- Methanol is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2022 | USD 23,922.2 million |
| Market revenue in 2030 | USD 36,449.2 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Ethylene |
| Fastest growing segment | Methanol |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ethylene, Propylene, Butadiene, Benzene, Toluene, Methanol, Xylene |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.1% of the global petrochemicals market in 2022.
- 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 509,137.8 million by 2030.
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Petrochemicals Market Scope
Petrochemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| China National Petroleum Corporation | View profile | 10001+ | Beijing, Beijing, China, Asia | http://www.cnpc.com.cn |
| ExxonMobil | View profile | 10001+ | Irving, Texas, United States, North America | https://corporate.exxonmobil.com |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| Chevron Corp | View profile | 45600 | 6001 Bollinger Canyon Road, San Ramon, CA, United States, 94583-2324 | https://www.chevron.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa petrochemicals 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 petrochemicals market will help companies and investors design strategic landscapes.
Ethylene was the largest segment with a revenue share of 47.8% in 2022. Horizon Databook has segmented the Middle East & Africa petrochemicals market based on ethylene, propylene, butadiene, benzene, toluene, methanol, xylene covering the revenue growth of each sub-segment from 2017 to 2030.
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Our clientele includes a mix of petrochemicals 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 petrochemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa petrochemicals market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Petrochemicals Market Outlook Share, 2022 & 2030 (US$M)
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