Middle East & Africa Plastics In Consumer Electronics Market Size & Outlook
Middle East & Africa plastics in consumer electronics market, 2017-2028 (US$M)
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MEA plastics in consumer electronics market highlights
- The MEA plastics in consumer electronics market generated a revenue of USD 103.0 million in 2021.
- The market is expected to grow at a CAGR of 2.7% from 2022 to 2028.
- In terms of segment, polycarbonate (pc) was the largest revenue generating product in 2021.
- Bio-based Polycarbonate Resin 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 2022 to 2028.
MEA data book summary
| Market revenue in 2021 | USD 103.0 million |
| Market revenue in 2028 | USD 123.9 million |
| Growth rate | 2.7% (CAGR from 2021 to 2028) |
| Largest segment | Polycarbonate (pc) |
| Fastest growing segment | Bio-based Polycarbonate Resin |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polycarbonate (PC), Liquid Crystal Polymers (LCP), PC/ABS Glass Filled Resins, Bio-based Polycarbonate Resin, Thermoplastic Elastomers, Polyamides |
| Key market players worldwide | Trinseo PLC, Covestro AG, Celanese Corp Class A, SABIC, Lotte Chemical, LG Chem, Mitsubishi Chemical Group Corp, Samsung SDI Co Ltd GDR - 144A, Koninklijke DSM NV |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.7% of the global plastics in consumer electronics market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,282.7 million by 2028.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Plastics In Consumer Electronics Market Scope
Plastics In Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa plastics in consumer electronics 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 plastics in consumer electronics market will help companies and investors design strategic landscapes.
Polycarbonate (pc) was the largest segment with a revenue share of 33.88% in 2021. Horizon Databook has segmented the Middle East & Africa plastics in consumer electronics market based on polycarbonate (pc), liquid crystal polymers (lcp), pc/abs glass filled resins, bio-based polycarbonate resin, thermoplastic elastomers, polyamides covering the revenue growth of each sub-segment from 2017 to 2028.
The Middle East & Africa is one of the largest importers of consumer electronics products. Growth in technologically inclined population coupled with rising consumer disposable income in the region has resulted in high demand for technologically advanced gadgets.
However, manufacturing sector in the region is growing at a slower pace as compared to other regions owing to unfavorable geography and lack of raw material availability. As a result, the demand for plastics in the region is expected to grow at a slower rate as compared to other regions over the projected period. However, increasing foreign investments in the region is expected to open new avenues for the market growth.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa plastics in consumer electronics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa plastics in consumer electronics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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MEA plastics in consumer electronics market size, by country, 2017-2028 (US$M)
Middle East & Africa Plastics In Consumer Electronics Market Outlook Share, 2021 & 2028 (US$M)
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