Middle East & Africa Propylene Glycol Market Size & Outlook
Middle East & Africa propylene glycol market, 2018-2030 (US$M)
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MEA propylene glycol market highlights
- The MEA propylene glycol market generated a revenue of USD 451.9 million in 2022.
- The market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, petroleum based was the largest revenue generating source in 2022.
- Bio Based is the most lucrative source 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 451.9 million |
| Market revenue in 2030 | USD 716.9 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Petroleum based |
| Fastest growing segment | Bio Based |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Petroleum Based, Bio Based |
| Key market players worldwide | Dow Inc, Basf SE, Archer-Daniels Midland Co, INEOS, Shell PLC, Adeka Corp, Huntsman Corp, LyondellBasell Industries NV Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.4% of the global propylene glycol 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 3,192.0 million by 2030.
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Propylene Glycol Market Scope
Propylene Glycol Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa propylene glycol 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 propylene glycol market will help companies and investors design strategic landscapes.
Petroleum based was the largest segment with a revenue share of 71.59% in 2022. Horizon Databook has segmented the Middle East & Africa propylene glycol market based on petroleum based, bio based covering the revenue growth of each sub-segment from 2018 to 2030.
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Our clientele includes a mix of propylene glycol 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 propylene glycol market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa propylene glycol market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA propylene glycol market size, by country, 2018-2030 (US$M)
Middle East & Africa Propylene Glycol Market Outlook Share, 2022 & 2030 (US$M)
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