Middle East & Africa Silicone Market Size & Outlook
Middle East & Africa silicone market, 2019-2030 (US$Ms)
Related Markets
MEA silicone market highlights
- The MEA silicone market generated a revenue of USD 379.7 millions in 2022.
- The market is expected to grow at a CAGR of 8.1% from 2023 to 2030.
- In terms of segment, elastomers was the largest revenue generating product in 2022.
- Elastomers is the most lucrative product 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 379.7 millions |
| Market revenue in 2030 | USD 706.2 millions |
| Growth rate | 8.1% (CAGR from 2022 to 2030) |
| Largest segment | Elastomers |
| Fastest growing segment | Elastomers |
| Historical data covered | 2019 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD millions |
| Market segmentation | Fluids, Gels, Resins, Elastomers |
| Key market players worldwide | Shin-Etsu Chemical Co Ltd, Wacker Chemie AG, Illinois Tool Works Inc, Evonik Industries AG, CK Hutchison Holdings Ltd, Kemira Oyj, Dow Inc, Elkem ASA Ordinary Shares |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.9% of the global silicone market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 706.2 millions by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Silicone Market Scope
Silicone Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa silicone 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 silicone market will help companies and investors design strategic landscapes.
Elastomers was the largest segment with a revenue share of 44.69% in 2022. Horizon Databook has segmented the Middle East & Africa silicone market based on fluids, gels, resins, elastomers covering the revenue growth of each sub-segment from 2019 to 2030.
The market in this region is likely to be driven by growth in the construction and industrial processes in the region. The Middle Eastern oil & gas industry has been witnessing a major shift since recent years with rising investment in a diverse range of projects including technical offshore and LNG projects.
This trend is expected to continue in the coming years as major players in the market are expanding their presence in the region and are engaged in long-term projects such as Upper Zakum, a production capacity enhancement project in the UAE; Zubair Oil Field, Rehabilitation Phase and Enhanced ReDevelopment Phase in Iraq; and Yanbu, a crude oil-to-chemicals complex project in Saudi Arabia.
These growing technical offshore projects in the region are expected to drive the demand for silicone for various applications such as hydraulic fluids, antifoaming agents, and lubricants in the oil and gas industry over the forecast period.
Reasons to subscribe to Middle East & Africa silicone market databook:
-
Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
-
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
-
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
-
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
-
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Middle East & Africa silicone market databook
-
Our clientele includes a mix of silicone market companies, investment firms, advisory firms & academic institutions.
-
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
-
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
-
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 silicone market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa silicone market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
MEA silicone market size, by country, 2019-2030 (US$Ms)
Middle East & Africa Silicone Market Outlook Share, 2022 & 2030 (US$Ms)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
