Middle East & Africa Polyurethane Market Size & Outlook
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MEA polyurethane market highlights
- The MEA polyurethane market generated a revenue of USD 2,037.3 million in 2024.
- The market is expected to grow at a CAGR of 7.5% from 2025 to 2030.
- In terms of segment, methylene diphenyl di-isocyanate was the largest revenue generating raw material in 2024.
- Polyols is the most lucrative raw material segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 2,037.3 million |
| Market revenue in 2030 | USD 3,147.8 million |
| Growth rate | 7.5% (CAGR from 2025 to 2030) |
| Largest segment | Methylene diphenyl di-isocyanate |
| Fastest growing segment | Polyols |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Toluene Di-isocyanate, Methylene Diphenyl Di-isocyanate, Polyols |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.7% of the global polyurethane market in 2024.
- 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 56,954.5 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| RTP Company | View profile | 1001-5000 | Winona, Minnesota, United States, North America | http://rtpcompany.com |
| Mitsui & Co Ltd | View profile | 55874 | 1-3, Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8631 | https://www.mitsui.com |
| Tosoh Corp | View profile | 14266 | 3-8-2 Shiba, Minata-ku, Tokyo, Japan, 105-8623 | http://www.tosoh.com |
| Woodbridge | View profile | 5001-10000 | Mississauga, Ontario, Canada, North America | https://www.woodbridgegroup.com |
| DIC Corp | View profile | 22255 | DIC Building, 7-20, Nihonbashi 3-chome, Chuo-ku, Tokyo, Japan, 103-8233 | http://www.dic-global.com/en/index.html |
| Mitsubishi Chemical Group Corp | View profile | 74632 | 1-1 Marunouchi 1-chome, Chiyoda-ku, Tokyo, Japan, 100-8251 | https://www.mcgc.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Eastman Chemical Co | View profile | 14000 | 200 South Wilcox Drive, Kingsport, TN, United States, 37662 | https://www.eastman.com |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa polyurethane 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 market will help companies and investors design strategic landscapes.
Methylene diphenyl di-isocyanate was the largest segment with a revenue share of 34.96% in 2024. Horizon Databook has segmented the Middle East & Africa polyurethane market based on toluene di-isocyanate, methylene diphenyl di-isocyanate, polyols covering the revenue growth of each sub-segment from 2018 to 2030.
For emission reduction, tendency for shifting toward green economy, rising demand for conventional energy sources & their high prices, and negative effect of using fossil fuels for electricity production have led the governments of United Arab Emirates (U.A.E.), Saudi Arabia, and Kuwait to introduce and implement energy-efficiency policies.
These policies have boosted the construction sector for construction of energy-efficient buildings and retrofitting of existing buildings. Since polyurethane has a high insulation attribute, construction industry has largely adopted the use of polyurethane in almost every application including flooring, roofing, microcellular foam seals, gaskets, paints & coatings, adhesives & sealants, binders, and others.
Multiple uses have increased the demand for polyurethane in the region and the market of PU is expected to grow throughout the forecast period. Polyurethane is used in packaging since it is cost-effective and provides form-fitting cushioning that securely protects fragile items, especially during transit.
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Target buyers of Middle East & Africa polyurethane market databook
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Our clientele includes a mix of polyurethane 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa polyurethane market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA polyurethane market size, by country, 2018-2030 (US$M)
Middle East & Africa Polyurethane Market Outlook Share, 2024 & 2030 (US$M)
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