Middle East & Africa Propylene Market Size & Outlook
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MEA propylene market highlights
- The MEA propylene market generated a revenue of USD 2,074.4 million in 2022.
- The market is expected to grow at a CAGR of 4.6% from 2023 to 2030.
- In terms of segment, polypropylene was the largest revenue generating additives in 2022.
- Propylene oxide is the most lucrative additives 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 2,074.4 million |
| Market revenue in 2030 | USD 2,962.1 million |
| Growth rate | 4.6% (CAGR from 2022 to 2030) |
| Largest segment | Polypropylene |
| Fastest growing segment | Propylene oxide |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polypropylene, Propylene oxide, Acrylonitrile, Phenol/cumene, Acrylic acid, Isopropanol |
| Key market players worldwide | Exxon Mobil Corp, Shell PLC, PetroChina Co Ltd Class H, China Petroleum & Chemical Corp Class H |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.3% of the global propylene 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 45,833.1 million by 2030.
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Propylene Market Scope
Propylene Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Borealis | View profile | 5001-10000 | Vienna, Wien, Austria, Europe | https://www.borealisgroup.com |
| China Petroleum & Chemical Corp Class H | View profile | 368450 | No. 22 Chaoyangmen North Street, Chaoyang District, Beijing, China, People's Republic of, 100728 | http://www.sinopec.com |
| PetroChina Co Ltd Class H | View profile | 375803 | No. 9 Dongzhimen North Street, Dongcheng District, Beijing, China, People's Republic of, 100007 | http://www.petrochina.com.cn |
| INEOS | View profile | 10001+ | Rolle, Geneve, Switzerland, Europe | http://www.ineos.com/ |
| Reliance Inc | View profile | 15500 | 16100 N. 71st Street, Suite 400, Scottsdale, AZ, United States, 85254 | https://www.reliance.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Shell PLC | View profile | 100000 | Shell Centre, London, United Kingdom, SE1 7NA | https://www.shell.com |
| LG Chem | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.lgchem.com |
| DuPont de Nemours Inc | View profile | 24000 | 974 Centre Road, Building 730, Wilmington, DE, United States, 19805 | https://www.dupont.com |
| Exxon Mobil Corp | View profile | 61500 | 22777 Springwoods Village Parkway, Spring, TX, United States, 77389-1425 | https://www.exxonmobil.com |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Braskem SA ADR | View profile | 8569 | Rua Lemos Monteiro, 120-24 Andar, Butanta, SP, Brazil, CEP 05501-050 | https://www.braskem.com.br |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Middle East & Africa propylene 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 market will help companies and investors design strategic landscapes.
Polypropylene was the largest segment with a revenue share of 71.27% in 2022. Horizon Databook has segmented the Middle East & Africa propylene market based on polypropylene, propylene oxide, acrylonitrile, phenol/cumene, acrylic acid, isopropanol covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Middle East & Africa propylene market databook
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Our clientele includes a mix of propylene 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 propylene market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa propylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA propylene market size, by country, 2018-2030 (US$M)
Middle East & Africa Propylene Market Outlook Share, 2022 & 2030 (US$M)
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