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MEA Engineering Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Middle East Africa Engineering Plastics Market Trends and is segmented by Product Type (Fluoropolymers, Polycarbonate, Polyethylene Terephthalate, Polybutylene Terephthalate, Polyacetal/ Polyoxymethylene, Polymethyl Methacrylate, Polyphenylene Oxide, Polyphenylene Sulfide, Styrene Copolymers, Liquid Crystal Polymers, Polyether Ether Ketone, Polyimides, and Polyamides), Application (Automotive and Transportation, Building and Construction, Consumer Goods, Electrical and Electronics, Industrial and Machinery, Packaging, and Medical), and Geography (Saudi Arabia, South Africa, Qatar, United Arab Emirates, and Rest of Middle-East and Africa)

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MEA Engineering Plastic Market Size

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Middle-East and Africa Engineering Plastics Market Summary
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

Middle-East and Africa Engineering Plastics Market

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Middle-East and Africa Engineering Plastics Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

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 Market Trends

This section covers the major market trends shaping the MEA Engineering Plastics Market according to our research experts:

Polyethylene Terephthalate (PET): The Most Used Engineering Plastic

  • Polyethylene terephthalate (PET) is a thermoplastic polyester engineering resin. PET resins are known for their excellent melt flow characteristics, close molding tolerances, and high productivity from multi-cavity molds. Due to its broad mechanical and electrical properties, PET is often used to replace metals in motor housings, switches, sensors, and other electrical applications.
  • PET and polyolefins are the most widely used materials in the plastic packaging industry. Some of the major properties of PET as a packaging material are recyclability, strength, and versatility, which drive the demand for these products.
  • These products mainly include take-out containers, frozen foods, carbonated drinks and juices, ketchup, bottled water, jars, and baked good containers. They are also used in the food industry for clamshells, deli containers, as well as microwave food trays.
  • PET also has great barrier properties that protect and preserve the contents of the product. PET maintains the fizz in carbonated soft drinks, the vitamins in juices, and the color in ketchup. In other words, it protects products and keeps them on the shelves and out of the rubbish bin, for a longer period.
  • With an increasing demand for beverage packaging and a lack of better substitute for PET resin for this application, the demand for PET is projected to increase over the forecast period.
Middle-East and Africa Engineering Plastics Market- Segmentation

Saudi Arabia Country to Dominate the Market

  • Saudi Arabia is the largest producer of engineering plastics among the Middle East countries, taking into account the current existing and upcoming production facilities.
  • The healthcare industry in Saudi Arabia accounts to the largest expenditure in the GCC region, and there is a rising demand for the increase in hospital bed capacity and long-term care centers. The increasing healthcare expenditure in the country, along with the privatization of several public hospitals in the country are expected to drive the demand for healthcare equipment in the country. This in turn, is expected to increase the demand for engineering plastics at a moderate rate over the forecast period.
  • The packaging sector in Saudi Arabia is expanding at a rapid rate, owing to the increasing demand from pharmaceutical industry. The innovations in the packaging sector (for cosmetics and pharmaceuticals) are supporting the consumption of engineering plastics in the country.
  • There is an increase in the constructions of hotels, recreational facilities, and other public infrastructure in the country, in order to cater to the increasing number of tourists. 
  • Government initiatives, such as the Saudi Arabia Vision 2030 are expected to support the growth of the commercial building activities at a significant growth, in the coming years. In addition, the upcoming Dubai Expo 2020 is driving the commercial construction activities in the country, which is a positive factor for the consumption of engineering plastics in the country.
Middle-East and Africa Engineering Plastics Market- Regional Trend

MEA Engineering Plastic Industry Overview

The Middle-East and Africa engineering plastics market is partially fragmented in nature with the presence of many players in the market. Some of the major companies in Middle-East and Africa engineering plastics market includes BASF SE, SABIC, Solvay, Covestro AG, and DuPont, among others. 

MEA Engineering Plastic Market Leaders

  1. BASF SE

  2. SABIC

  3. Solvay

  4. Covestro AG

  5. DuPont

*Disclaimer: Major Players sorted in no particular order

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MEA Engineering Plastic Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Purchasing Power in the Countries

      2. 4.1.2 Engineering Plastics Replacing Traditional Materials

    2. 4.2 Restraints

      1. 4.2.1 Volatility in Raw Material Prices

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Fluoropolymers

      2. 5.1.2 Polycarbonate (PC)

      3. 5.1.3 Polyethylene Terephthalate (PET)

      4. 5.1.4 Polybutylene Terephthalate (PBT)

      5. 5.1.5 Polyacetal/ Polyoxymethylene

      6. 5.1.6 Polymethyl Methacrylate (PMMA)

      7. 5.1.7 Polyphenylene Oxide

      8. 5.1.8 Polyphenylene Sulfide (PPS)

      9. 5.1.9 Styrene Copolymers (ABS & SAN)

      10. 5.1.10 Liquid Crystal Polymers (LCP)

      11. 5.1.11 Polyether Ether Ketone (PEEK)

      12. 5.1.12 Polyimides (PI)

      13. 5.1.13 Polyamides

    2. 5.2 Application

      1. 5.2.1 Automotive and Transportation

      2. 5.2.2 Building and Construction

      3. 5.2.3 Consumer Goods

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Industrial and Machinery

      6. 5.2.6 Packaging

      7. 5.2.7 Medical

    3. 5.3 Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 South Africa

      3. 5.3.3 Qatar

      4. 5.3.4 United Arab Emirates

      5. 5.3.5 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 Arkema SA

      3. 6.4.3 Ashland Inc.

      4. 6.4.4 BASF SE

      5. 6.4.5 Celanese Corporation

      6. 6.4.6 Chemtura Corporation

      7. 6.4.7 Chevron Phillips Chemical

      8. 6.4.8 Covestro AG

      9. 6.4.9 DuPont

      10. 6.4.10 Eastman Chemical Company

      11. 6.4.11 Evonik Industries AG

      12. 6.4.12 LANXESS

      13. 6.4.13 LG Chem

      14. 6.4.14 Lyondellbasell

      15. 6.4.15 Nova Chemicals Corporation

      16. 6.4.16 PolyOne Corporation

      17. 6.4.17 SABIC

      18. 6.4.18 Solvay

    5. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Introduction of Green Vehicles as a key to Future Growth

    2. 7.2 Other Opportunities

**Subject to Availability
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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
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MEA Engineering Plastic Market Research FAQs

The Middle-East and Africa Engineering Plastics Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

BASF SE, SABIC , Solvay, Covestro AG and DuPont are the major companies operating in the Middle-East and Africa Engineering Plastics Market.

Middle-East and Africa is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Middle-East and Africa accounts for the largest market share in Middle-East and Africa Engineering Plastics Market.

The report covers the Middle-East and Africa Engineering Plastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Engineering Plastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Engineering Plastics in MEA Industry Report

Statistics for the 2024 Engineering Plastics in MEA market share, size and revenue growth rate, created by Mordor Intelligenceā„¢ Industry Reports. Engineering Plastics in MEA analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Engineering Plastics Market in MEA Report Snapshots

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MEA Engineering Plastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)