Middle East & Africa Plastic Compounding Market Size & Outlook
Middle East & Africa plastic compounding market, 2019-2030 (US$M)
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MEA plastic compounding market highlights
- The MEA plastic compounding market generated a revenue of USD 4,500.5 million in 2023.
- The market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyethylene Terephthalate (PET) 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 4,500.5 million |
| Market revenue in 2030 | USD 6,579.0 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| Historical data covered | 2019 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.7% of the global plastic compounding 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 53,552.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa plastic compounding 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 plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 33.78% in 2023. Horizon Databook has segmented the Middle East & Africa plastic compounding market based on polyethylene (pe), polypropylene (pp), thermoplastic vulcanizates (tpv), thermoplastic polyolefins (tpo), polyvinyl chloride (pvc), polystyrene (ps), polyethylene terephthalate (pet), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
The Middle East & Africa market is expected to witness growth owing to massive infrastructure development in the UAE and Saudi Arabia. Rapid industrialization coupled with improving manufacturing industry infrastructure in the Middle East & Africa is expected to impact the demand for plastics compounding on a positive note.
Expanding construction sector, majorly in Qatar and the UAE, owing to economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects is expected to drive the demand for product.
Various factors including rising tourism activities, favorable macroeconomics, and positive demographics are likely to promote growth in construction industry.
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Our clientele includes a mix of plastic compounding market companies, investment firms, advisory firms & academic institutions.
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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 plastic compounding market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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MEA plastic compounding market size, by country, 2019-2030 (US$M)
Middle East & Africa Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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