Middle East & Africa Rubber Process Oil Market Size & Outlook
The rubber process oil market in Middle East & Africa is expected to reach a projected revenue of US$ 104.9 million by 2030. A compound annual growth rate of 3.7% is expected of Middle East & Africa rubber process oil market from 2024 to 2030.
Revenue, 2023 (US$M)
$81.5
Forecast, 2030 (US$M)
$104.9
CAGR, 2024 - 2030
3.7%
Report Coverage
Middle East & Africa
Middle East & Africa rubber process oil market, 2018-2030 (US$M)
MEA rubber process oil market highlights
- The MEA rubber process oil market generated a revenue of USD 81.5 million in 2023.
- The market is expected to grow at a CAGR of 3.7% from 2024 to 2030.
- In terms of segment, aromatic was the largest revenue generating product in 2023.
- Aromatic is the most lucrative product segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 81.5 million |
| Market revenue in 2030 | USD 104.9 million |
| Growth rate | 3.7% (CAGR from 2023 to 2030) |
| Largest segment | Aromatic |
| Fastest growing segment | Aromatic |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Aromatic |
| Key market players worldwide | Shell PLC, Chevron Corp, Sunoco, H&R Group |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global rubber process oil market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 509.1 million by 2030.
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Rubber Process Oil Market Scope
Rubber process oil market segmentation & scope
End Use
Tyre
Footwear
Wire & Cable Covering
Flooring Materials
Paints & Coatings
Adhesive & Sealants
Other End Uses
Countries
U.S.
Canada
Mexico
Germany
UK
France
Spain
Italy
China
India
Japan
South Korea
Thailand
Indonesia
Vietnam
Malaysia
Brazil
Argentina
Saudi Arabia
South Africa
Rubber Process Oil Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa rubber process oil market
Related regional statistics
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