Middle East & Africa Polyurethane Foam Market Size & Outlook
Middle East & Africa polyurethane foam market, 2018-2030 (US$M)
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MEA polyurethane foam market highlights
- The MEA polyurethane foam market generated a revenue of USD 3,583.3 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,583.3 million |
| Market revenue in 2030 | USD 5,878.0 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rigid Foam, Flexible Foam |
| Key market players worldwide | Huntsman Corp, Dow Inc, Basf SE, Sekisui Chemical Co Ltd, Trelleborg AB ADR, Future PLC, Recticel, UFP Technologies Inc, Rogers Corp, Compagnie de Saint-Gobain SA |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.2% of the global polyurethane foam 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 34,024.6 million by 2030.
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Polyurethane Foam Market Scope
Polyurethane Foam Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa polyurethane foam 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 polyurethane foam market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 52.08% in 2023. Horizon Databook has segmented the Middle East & Africa polyurethane foam market based on rigid foam, flexible foam covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) region is witnessing growth in the polyurethane (PU) foam market, fueled by the growing construction, automotive, and packaging industries. This dynamic market presents exciting opportunities and showcases the region's potential for economic growth.
In the construction sector, the MEA is experiencing rapid urbanization and infrastructure developments. As governments invest in commercial complexes, residential buildings, and industrial facilities, the demand for construction materials like PU foam is likely to grow.
PU foam's exceptional insulation properties, durability, and versatility make it a preferred choice for applications ranging from insulation and roofing to flooring and sealing. As construction activities intensify, the demand for PU foam is expected to rise further, contributing to its market’s overall development.
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Target buyers of Middle East & Africa polyurethane foam market databook
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Our clientele includes a mix of polyurethane foam 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 polyurethane foam market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polyurethane foam market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polyurethane foam market size, by country, 2018-2030 (US$M)
Middle East & Africa Polyurethane Foam Market Outlook Share, 2023 & 2030 (US$M)
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