Middle East & Africa Polyolefin Market Size & Outlook
Middle East & Africa polyolefin market, 2018-2030 (US$M)
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MEA polyolefin market highlights
- The MEA polyolefin market generated a revenue of USD 21,088.5 million in 2023.
- The market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, polyethylene (pe) was the largest revenue generating product in 2023.
- Ethylene-Vinyl Acetate (EVA) 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 21,088.5 million |
| Market revenue in 2030 | USD 29,341.6 million |
| Growth rate | 4.8% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, LyondellBasell Industries NV Class A, PetroChina Co Ltd Class H, TotalEnergies SE, Chevron Corp, Repsol SA, Dow Inc, Exxon Mobil Corp, Braskem SA ADR, OMV AG |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global polyolefin 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 186,485.0 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa polyolefin 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 polyolefin market will help companies and investors design strategic landscapes.
Polyethylene (pe) was the largest segment with a revenue share of 37.45% in 2023. Horizon Databook has segmented the Middle East & Africa polyolefin market based on polyethylene (pe), polypropylene (pp), ethylene-vinyl acetate (eva), thermoplastic polyolefins (tpos), polyoxymethylene (pom), polycarbonate (pc), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
Polyethylene held the largest share of the market in 2022 in terms of volume and revenue, followed by polypropylene, and it is expected that the dominance of polyethylene will be continued over the forecast period. In 2022, ethylene-vinyl acetate (EVA) emerged as the third-largest consumed form of polyolefin composite in the MEA region.
Furthermore, GCC countries have ongoing infrastructure projects, including rails, roads, and bridges, which require the use of polyolefin products such as pipes and tubes. This is expected to further boost the demand for polyolefin in the region.
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Our clientele includes a mix of polyolefin 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 polyolefin market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polyolefin market size, by country, 2018-2030 (US$M)
Middle East & Africa Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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