Middle East Polycarbonate (PC) Market Size

The Middle East Polycarbonate market is experiencing significant growth, driven by its extensive applications across various industries, particularly in building and construction, and electrical and electronics. The market's expansion is notably concentrated in Saudi Arabia and the United Arab Emirates, where substantial manufacturing activities and infrastructure projects are prevalent. The United Arab Emirates stands out as the largest and fastest-growing market in the region, fueled by high demand from its construction and electronics sectors. Saudi Arabia also shows robust demand, supported by its diverse end-user industries and strategic initiatives like 'Vision 2030'. This growth trajectory highlights the increasing market size and share of polycarbonate in the Middle East, reflecting its critical role in regional development and technological advancement.

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Market Size of middle east polycarbonate (pc) Industry

Middle East Polycarbonate (PC) Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 0.83 Billion
svg icon Market Size (2029) USD 1.19 Billion
svg icon Largest Share by End User Industry Building and Construction
svg icon CAGR (2024 - 2029) 7.56 %
svg icon Largest Share by Country United Arab Emirates

Major Players

Middle East Polycarbonate (PC) Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

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Middle East Polycarbonate (PC) Market Analysis

The Middle East Polycarbonate (PC) Market size is estimated at 0.83 billion USD in 2024, and is expected to reach 1.19 billion USD by 2029, growing at a CAGR of 7.56% during the forecast period (2024-2029).

0.83 Billion

Market Size in 2024 (USD)

1.19 Billion

Market Size in 2029 (USD)

9.39 %

CAGR (2017-2023)

7.56 %

CAGR (2024-2029)

Largest Market by End-user Industry

46 %

value share, Building and Construction, 2023

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Owing to the high usage of polycarbonate materials in building and construction applications such as roofing and facades, the industry held the largest market share.

Fastest Growing Market by End-user Industry

10.15 %

Projected CAGR, Electrical and Electronics, 2024-2029

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Due to its physical properties, heat resistance, and versatility, polycarbonate is suitable for electronic components, which is expected to witness the fastest growth over the forecast period.

Largest Market by Country

41.37 %

value share, United Arab Emirates, 2023

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The United Arab Emirates held the largest market share owing to its high government spending on construction and infrastructure projects, in which polycarbonate is one of the majorly used materials.

Fastest Growing Market by Country

7.93 %

Projected CAGR, Saudi Arabia, 2024-2029

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The growing projects and investments in the Saudi Arabian construction industry are likely to drive market demand. The country is expected to witness the fastest growth during the forecast period.

Leading Market Player

100 %

market share, SABIC, 2022

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SABIC has become a leading player in the region as it accounts for the largest production capacity of polycarbonate and due to its easy access to cheap raw materials (petrochemicals).

PC demand from electronics & electrical industry to grow at the fastest rate

  • Polycarbonates have many applications in most end-user industries due to their transparency, excellent toughness, thermal stability, and dimensional stability. They are easy to shape, mold, and thermoform. The United Arab Emirates and Saudi Arabia cumulatively occupied nearly 62% of the market share by revenue in 2022.
  • The building and construction industry is the largest consumer of polycarbonate. Over the years, countries like Saudi Arabia and the United Arab Emirates have invested in massive infrastructure projects in major cities. Polycarbonate is used in multiple applications in this industry due to its high heat insulation, UV protection, flexibility, and optical clarity. Thus, the industry is expected to record a CAGR of 6.61% in terms of revenue during the forecast period.
  • The electrical and electronics industry is the second-largest consumer of PC resins in the market. The growth of consumer electronics, along with smart electronic devices, is the primary factor driving the demand. Polycarbonate resins are mainly used in smartphones, computers, wearables, in-vehicle infotainment screens, and home appliances.
  • The electrical and electronics industry is the region's fastest-growing consumer of PC resin, with an expected CAGR of 10.34% during the forecast period. Technological advancements like artificial intelligence, the advent of 5G, and IoT (Internet of Things) may drive the demand for electronics in the future. The UAE polycarbonate (PC) market for the electrical and electronics industry is expected to register a CAGR of 10.48% during the forecast period (2023-2029) and reach a projected market value of USD 451 million by 2029. Such factors are expected to boost the market's growth in the coming years.
Middle East Polycarbonate (PC) Market

Middle Eastern PC market to be dominated by United Arab Emirates over the forecast period

  • The Middle Eastern polycarbonate market is mainly concentrated in Saudi Arabia and the United Arab Emirates since these nations have the highest volume of manufacturing activities. The region is considered the world's construction hub, and building and construction is the regional market's primary end-user industry, accounting for a 42% share by volume in 2022.
  • The United Arab Emirates is the largest country-wise market in the Middle East for polycarbonate by volume and value, attributed primarily to the high demand from its building and construction and electrical and electronics industries. These industries accounted for 50% and 42%, respectively, of the total volume consumption in 2022 in the country.
  • The United Arab Emirates is also the fastest-growing market in the region, with its value expected to record a CAGR of 6.97% during the forecast period.
  • Polycarbonate is commonly used for products in the building and construction industry, such as windows, skylights, wall panels, and electrical products, such as television frames, connectors, plugs, and battery boxes. Owing to these applications, the demand for PC from the regional building and construction industry is expected to record a CAGR of 5.39% by volume during the forecast period (2023-2029).
  • Saudi Arabia is the second-largest country-wise market in the region due to high demand from its building and construction and other end-user industries segments, which include the consumer goods, marine, locomotive, and medical industries. In 2022, these two end-user industry segments together accounted for 77% of the total volume of polycarbonate consumed in the nation. The other end-user industries in Saudi Arabia accounting for the high consumption of PC include the electrical and electronics and packaging industries. With programs such as 'Vision 2030', the demand for PC in the country is likely to grow, and its consumption is expected to register a CAGR of 6% by volume during the forecast period.

Middle East Polycarbonate (PC) Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Saudi Arabia, United Arab Emirates are covered as segments by Country.

  • Polycarbonates have many applications in most end-user industries due to their transparency, excellent toughness, thermal stability, and dimensional stability. They are easy to shape, mold, and thermoform. The United Arab Emirates and Saudi Arabia cumulatively occupied nearly 62% of the market share by revenue in 2022.
  • The building and construction industry is the largest consumer of polycarbonate. Over the years, countries like Saudi Arabia and the United Arab Emirates have invested in massive infrastructure projects in major cities. Polycarbonate is used in multiple applications in this industry due to its high heat insulation, UV protection, flexibility, and optical clarity. Thus, the industry is expected to record a CAGR of 6.61% in terms of revenue during the forecast period.
  • The electrical and electronics industry is the second-largest consumer of PC resins in the market. The growth of consumer electronics, along with smart electronic devices, is the primary factor driving the demand. Polycarbonate resins are mainly used in smartphones, computers, wearables, in-vehicle infotainment screens, and home appliances.
  • The electrical and electronics industry is the region's fastest-growing consumer of PC resin, with an expected CAGR of 10.34% during the forecast period. Technological advancements like artificial intelligence, the advent of 5G, and IoT (Internet of Things) may drive the demand for electronics in the future. The UAE polycarbonate (PC) market for the electrical and electronics industry is expected to register a CAGR of 10.48% during the forecast period (2023-2029) and reach a projected market value of USD 451 million by 2029. Such factors are expected to boost the market's growth in the coming years.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
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Middle East Polycarbonate (PC) Market Size Summary

The Middle East polycarbonate market is experiencing significant growth, driven by its extensive applications across various end-user industries. Polycarbonates are favored for their transparency, toughness, thermal stability, and ease of shaping, making them ideal for use in the building and construction sector, which is the largest consumer of these materials in the region. The United Arab Emirates and Saudi Arabia dominate the market, with substantial investments in infrastructure projects that utilize polycarbonate for its heat insulation, UV protection, and optical clarity properties. The electrical and electronics industry also represents a major segment of demand, fueled by the rise of consumer electronics and smart devices. Technological advancements such as artificial intelligence, 5G, and IoT are expected to further boost the demand for polycarbonate in this sector.

The market is characterized by a high concentration of manufacturing activities in Saudi Arabia and the United Arab Emirates, with the former being a key player in the electrical and electronics industry. The UAE stands out as the largest market in the region, driven by its robust building and construction and electrical and electronics industries. Saudi Arabia, on the other hand, is witnessing rapid growth in its electrical and electronics production, supported by government initiatives like Vision 2030. The market is fairly consolidated, with major players such as Covestro AG, LG Chem, SABIC, and Sumitomo Chemical Co., Ltd. leading the industry. These companies continue to innovate, introducing new polycarbonate grades for various applications, including healthcare, automotive, and consumer electronics, thereby reinforcing the market's growth trajectory.

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Middle East Polycarbonate (PC) Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Country

      1. 1.2.1 Saudi Arabia

      2. 1.2.2 United Arab Emirates

      3. 1.2.3 Rest of Middle East

Middle East Polycarbonate (PC) Market Size FAQs

The Middle East Polycarbonate (PC) Market size is expected to reach USD 828.40 million in 2024 and grow at a CAGR of 7.56% to reach USD 1.19 billion by 2029.

In 2024, the Middle East Polycarbonate (PC) Market size is expected to reach USD 828.40 million.

Middle East Polycarbonate (PC) Market Report Snapshots

Middle East Polycarbonate (PC) Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029