Saudi Arabia Thermoplastic Polyester Elastomer Market Size & Outlook
Saudi Arabia thermoplastic polyester elastomer market, 2019-2030 (US$M)
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Saudi Arabia thermoplastic polyester elastomer market highlights
- The Saudi Arabia thermoplastic polyester elastomer market generated a revenue of USD 20.7 million in 2021 and is expected to reach USD 29.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4% 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.
Thermoplastic polyester elastomer market data book summary
| Market revenue in 2021 | USD 20.7 million |
| Market revenue in 2030 | USD 29.5 million |
| Growth rate | 4% (CAGR from 2021 to 2030) |
| Largest segment | Injection molding |
| Fastest growing segment | Injection Molding |
| Historical data | 2019 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Saudi Arabia accounted for 1.4% of the global thermoplastic polyester elastomer market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia thermoplastic polyester elastomer market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 29.5 million by 2030.
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Thermoplastic Polyester Elastomer Market Scope
Thermoplastic Polyester Elastomer Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 68.12% in 2021. Horizon Databook has segmented the Saudi Arabia thermoplastic polyester elastomer market based on injection molding, extrusion molding, blow molding covering the revenue growth of each sub-segment from 2019 to 2030.
Saudi Arabia is home to more than 25% of identified oil reserves as of 2016. The country is the fourth-largest regarding oil and gas reserve after Russia, Iran, and Qatar. Despite, the global economic downturn in 2008, the Saudi petrochemical production increased till 2016.
The country had constructed around 80 chemical plants between 2006 and 2015 which are giving support to the thermoplastics industry. Saudi Arabia has experienced a rapid growth in past five years, changing its original status of an oil & gas producer to one of the largest polymers producer globally.
The country is focusing on downstream industries and thermoplastics production & recycling. The country has introduced a series of initiatives to boost the growth of small and medium sized industries (SMEs) involved in thermoplastics processing.
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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 country-level data and insights on the Saudi Arabia thermoplastic polyester elastomer market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia thermoplastic polyester elastomer market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia Thermoplastic Polyester Elastomer Market Share, 2021 & 2030 (US$M)
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