Market Size of Middle-East and Africa Engineering Plastics Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Middle-East and Africa |
| Largest Market | Middle-East and Africa |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Engineering Plastic Market Analysis
The market for Middle-East and Africa Engineering Plastics is expected to grow at a CAGR of more than 5% during the forecast period.
- Growing purchasing power in the counties and engineering plastics replacing traditional materials are driving the market growth.
- Volatility in raw material prices is expected to hinder the market growth.
- Introduction of green vehicles as a key to future growth is expected to increase the opportunity for the market.
MEA Engineering Plastic Industry Segmentation
The Middle-East and Africa Engineering Plastics Market report includes:
| Product Type | |
| Fluoropolymers | |
| Polycarbonate (PC) | |
| Polyethylene Terephthalate (PET) | |
| Polybutylene Terephthalate (PBT) | |
| Polyacetal/ Polyoxymethylene | |
| Polymethyl Methacrylate (PMMA) | |
| Polyphenylene Oxide | |
| Polyphenylene Sulfide (PPS) | |
| Styrene Copolymers (ABS & SAN) | |
| Liquid Crystal Polymers (LCP) | |
| Polyether Ether Ketone (PEEK) | |
| Polyimides (PI) | |
| Polyamides |
| Application | |
| Automotive and Transportation | |
| Building and Construction | |
| Consumer Goods | |
| Electrical and Electronics | |
| Industrial and Machinery | |
| Packaging | |
| Medical |
| Geography | |
| Saudi Arabia | |
| South Africa | |
| Qatar | |
| United Arab Emirates | |
| Rest of Middle-East and Africa |
Middle-East and Africa Engineering Plastics Market Size Summary
The Middle-East and Africa engineering plastics market is poised for significant growth, driven by increasing purchasing power and the shift from traditional materials to engineering plastics. The market is experiencing a surge in demand due to the introduction of green vehicles, which presents new opportunities for growth. Polyethylene terephthalate (PET) is a key material in this sector, known for its excellent properties that make it a preferred choice for replacing metals in various applications, including motor housings and electrical components. Its recyclability, strength, and versatility make it a popular choice in the plastic packaging industry, where it is used for a wide range of products such as take-out containers, carbonated drinks, and bottled water. The demand for PET is expected to rise, particularly in beverage packaging, due to its superior barrier properties that help preserve product quality.
Saudi Arabia stands out as the largest producer of engineering plastics in the region, with its expanding healthcare and packaging sectors driving demand. The country's healthcare industry, with its significant expenditure and privatization efforts, is expected to boost the demand for healthcare equipment, thereby increasing the need for engineering plastics. Additionally, the rapid growth of the packaging sector, fueled by innovations catering to the pharmaceutical and cosmetics industries, further supports market expansion. The construction of hotels and public infrastructure, driven by government initiatives like Saudi Arabia Vision 2030 and events such as the Dubai Expo 2020, also contributes to the rising consumption of engineering plastics. The market is characterized by a fragmented landscape with key players including BASF SE, SABIC, Solvay, Covestro AG, and DuPont, all contributing to the competitive dynamics of the region.
Middle-East and Africa Engineering Plastics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Purchasing Power in the Countries
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1.1.2 Engineering Plastics Replacing Traditional Materials
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1.2 Restraints
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1.2.1 Volatility in Raw Material Prices
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Fluoropolymers
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2.1.2 Polycarbonate (PC)
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2.1.3 Polyethylene Terephthalate (PET)
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2.1.4 Polybutylene Terephthalate (PBT)
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2.1.5 Polyacetal/ Polyoxymethylene
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2.1.6 Polymethyl Methacrylate (PMMA)
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2.1.7 Polyphenylene Oxide
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2.1.8 Polyphenylene Sulfide (PPS)
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2.1.9 Styrene Copolymers (ABS & SAN)
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2.1.10 Liquid Crystal Polymers (LCP)
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2.1.11 Polyether Ether Ketone (PEEK)
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2.1.12 Polyimides (PI)
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2.1.13 Polyamides
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2.2 Application
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2.2.1 Automotive and Transportation
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2.2.2 Building and Construction
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2.2.3 Consumer Goods
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2.2.4 Electrical and Electronics
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2.2.5 Industrial and Machinery
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2.2.6 Packaging
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2.2.7 Medical
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 South Africa
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2.3.3 Qatar
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2.3.4 United Arab Emirates
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2.3.5 Rest of Middle-East and Africa
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Middle-East and Africa Engineering Plastics Market Size FAQs
What is the current Middle-East and Africa Engineering Plastics Market size?
The Middle-East and Africa Engineering Plastics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Middle-East and Africa Engineering Plastics Market?
BASF SE, SABIC , Solvay, Covestro AG and DuPont are the major companies operating in the Middle-East and Africa Engineering Plastics Market.
