Middle East & Africa Thermoplastic Vulcanizates Market Size & Outlook
Middle East & Africa thermoplastic vulcanizates market, 2018-2030 (US$M)
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MEA thermoplastic vulcanizates market highlights
- The MEA thermoplastic vulcanizates market generated a revenue of USD 30.7 million in 2022.
- The market is expected to grow at a CAGR of 8.5% from 2023 to 2030.
- In terms of segment, automotive was the largest revenue generating application in 2022.
- Medical is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 30.7 million |
| Market revenue in 2030 | USD 58.9 million |
| Growth rate | 8.5% (CAGR from 2022 to 2030) |
| Largest segment | Automotive |
| Fastest growing segment | Medical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Automotive, Fluid Handling, Consumer goods, Medical, Footwear, Athletic Shoes |
| Key market players worldwide | JSR Corp, Exxon Mobil Corp, DuPont de Nemours Inc, Mitsui Chemicals Inc, Celanese Corp Class A, LyondellBasell Industries NV Class A, Mitsubishi Electric Corp, Ravago Chemicals, Kumho Petrochemical, Avient Corp, Ravago |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.0% of the global thermoplastic vulcanizates market in 2022.
- Globally, North America 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 58.9 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Thermoplastic Vulcanizates Market Scope
Thermoplastic Vulcanizates Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa thermoplastic vulcanizates 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 vulcanizates market will help companies and investors design strategic landscapes.
Automotive was the largest segment with a revenue share of 66.12% in 2022. Horizon Databook has segmented the Middle East & Africa thermoplastic vulcanizates market based on automotive, fluid handling, consumer goods, medical, footwear, athletic shoes covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid industrialization, coupled with improving infrastructure in the Middle East, is expected to positively impact product demand. The growth of the construction sector, mainly in the UAE and Qatar, owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects, is expected to drive the demand for TPV in various fluid handling systems used in the construction sector.
Saudi Arabia is increasingly investing in innovative infrastructure projects, which is expected to propel the demand for TPV in the region. In 2022, Saudi Arabia announced the commencement of construction of a USD 200 trillion city project, The Line. The Line is part of the overall Neom project, also called a "gigaproject", which is being undertaken by the government of Saudi Arabia in an attempt to diversify its economy away from oil & gas exports.
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Target buyers of Middle East & Africa thermoplastic vulcanizates market databook
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Our clientele includes a mix of thermoplastic vulcanizates 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 vulcanizates market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa thermoplastic vulcanizates market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA thermoplastic vulcanizates market size, by country, 2018-2030 (US$M)
Middle East & Africa Thermoplastic Vulcanizates Market Outlook Share, 2022 & 2030 (US$M)
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