Middle East & Africa Thermoplastic Polyester Elastomer Market Size & Outlook
Middle East & Africa thermoplastic polyester elastomer market, 2019-2030 (US$M)
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MEA thermoplastic polyester elastomer market highlights
- The MEA thermoplastic polyester elastomer market generated a revenue of USD 71.0 million in 2021.
- The market is expected to grow at a CAGR of 3.7% from 2022 to 2030.
- In terms of segment, injection molding was the largest revenue generating type in 2021.
- Injection Molding is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 71.0 million |
| Market revenue in 2030 | USD 98.7 million |
| Growth rate | 3.7% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data covered | 2019 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Injection Molding, Extrusion Molding, Blow Molding |
| Key market players worldwide | SABIC, DuPont de Nemours Inc, Basf SE, Covestro AG, Celanese Corp Class A, LG Chem, Mitsubishi Electric Corp, Arkema SA, Toyobo Co Ltd, Radici Group, Sunshine Global, Teijin Ltd, Chang Chun Group, Entec Polymers |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.8% of the global thermoplastic polyester elastomer market in 2021.
- 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 774.7 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , Saudi Arabia
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa thermoplastic polyester elastomer 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 thermoplastic polyester elastomer market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 68.45% in 2021. Horizon Databook has segmented the Middle East & Africa thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
Thermoplastic industry growth in the region is expected to be driven by automotive, packaging, industrial machinery and consumer goods applications. Growing automotive aftermarket and easy raw material availability (plastic resins & additives) are also likely to provide necessary thrust for the growth of the thermoplastics market.
MEA region is the world leader in crude oil production. Many major countries of MEA region are dependent on oil business such as Saudi Arabia, Kuwait, Oman, Bahrain, Libya, Iraq, Angola, and Iran. All the OPEC countries are located in MEA region excluding Venezuela and Ecuador.
The OPEC region was once formed to formulate the global oil supply and maintain the global demand-supply along with oil prices. MEA region witnessed a significant demand for TPEE products in 2016 and is expected to grow during the forecast period owing to massive oil production in the region.
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Our clientele includes a mix of thermoplastic polyester elastomer 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 thermoplastic polyester elastomer market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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