Middle East & Africa Polyethylene Market Size & Outlook
Middle East & Africa polyethylene market, 2018-2030 (US$M)
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MEA polyethylene market highlights
- The MEA polyethylene market generated a revenue of USD 23,043.0 million in 2022.
- The market is expected to grow at a CAGR of 1% from 2023 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2022.
- CONSTRUCTION is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 23,043.0 million |
| Market revenue in 2030 | USD 24,957.4 million |
| Growth rate | 1% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | CONSTRUCTION |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Basf SE, Borealis Exploration Ltd, Braskem SA ADR, Dow Inc, Exxon Mobil Corp, LyondellBasell Industries NV Class A, Mitsubishi Chemical Group Corp, China Petroleum & Chemical Corp Class H, Formosa Plastics Group, LG Chem, MOL Group, INEOS, SABIC |
Other key industry trends
- In terms of revenue, MEA region accounted for 15.1% of the global polyethylene 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 86,775.8 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa polyethylene 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 polyethylene market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 53.4% in 2022. Horizon Databook has segmented the Middle East & Africa polyethylene market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Abundant access to petrochemical feedstock, particularly ethane and propane, positions the Middle East (MEA) as a major hub for polyethylene production. The region benefits from its proximity to vast hydrocarbon reserves, enabling cost-effective production and export of polyethylene.
This coupled with significant investment in petrochemical infrastructure fosters a competitive advantage for the region in the global polyethylene market. The abundant availablity of raw materials such as ethylene and the continuous expansion of production capacities contribute to the region's prominence as a key player in the polyethylene market.
The MEA witnessed increasing investment in downstream industries, such as plastic processing and manufacturing. A strategic focus on economic diversification and the development of value-added industries such as automotive, construction, healthcare, among others are expected to drive this trend.
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Target buyers of Middle East & Africa polyethylene market databook
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Our clientele includes a mix of polyethylene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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 polyethylene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polyethylene market size, by country, 2018-2030 (US$M)
Middle East & Africa Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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