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Middle-East and Africa Thermoplastics Market Size (2024 - 2029)

The Middle-East and Africa thermoplastics market is anticipated to experience growth driven by increasing demand from key end-user industries. However, the market's expansion may face challenges due to the impact of the COVID-19 pandemic. Within this region, Saudi Arabia holds a dominant position in the thermoplastics market landscape.

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Market Size of Middle-East and Africa Thermoplastics Industry

Middle-East and Africa Thermoplastics Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR < 5.00 %
Market Concentration High

Major Players

Middle-East and Africa Thermoplastics Market Key Players

*Disclaimer: Major Players sorted in no particular order

MEA Thermoplastics Market Analysis

The market for Middle-East & Africa thermoplastics is expected to grow at a CAGR of arpund 5% during the forecast period. Growing demand from various key end-user industries is expected to drive the market growth through the forecast period.

  • Impact of COVID-19 pandemic is expected to hinder the growth of the market.
  • Saudi Arabia dominated the Middle-East and Africa thermoplastics market.

MEA Thermoplastics Industry Segmentation

The Middle-East and Africa Thermoplastics Market report includes:

Product Type
Commodity Thermoplastics
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Engineering Thermoplastics
Polyamide (PA)
Polycarbonates (PC)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
High-performance Engineering Thermoplastics
Polyether Ether Ketone (PEEK)
Liquid Crystal Polymer (LCP)
Polytetrafluoroethylene (PTFE)
Polyimide (PI)
Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)
End-user Industry
Packaging
Building and Construction
Automotive and Transportation
Electrical and Electronics
Sports and Leisure
Furniture and Bedding
Agriculture
Medical
Other End-user Industries
Geography
Saudi Arabia
United Arab Emirates
South Africa
Rest of Middle-East and Africa
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Middle-East and Africa Thermoplastics Market Size Summary

The Middle-East and Africa thermoplastics market is poised for significant growth, driven by increasing demand from key end-user industries. The packaging sector emerges as the largest application segment, with engineering plastics like polyethylene terephthalate (PET) and polyamide being extensively used due to their favorable properties such as chemical resistance, recyclability, and mechanical strength. These materials are particularly favored in the food and beverage industry for packaging applications, including bottled water, flexible packaging, and more. Despite the challenges posed by the COVID-19 pandemic, the market is expected to maintain a steady demand, supported by the rising need for packaging materials in both household and commercial sectors.

Saudi Arabia stands out as a dominant player in the region's thermoplastics market, with efforts to diversify its economy beyond oil dependency. The country's strategic initiatives, such as attracting original equipment manufacturers to establish production facilities, are aimed at bolstering its automotive industry. Additionally, the electronics market in Saudi Arabia presents growth potential, driven by a burgeoning population and increasing demand for electronic goods. Government and private sector investments are expected to further stimulate industrial and commercial construction activities, thereby enhancing the demand for thermoplastics. The market is consolidated, with major players like SABIC, LyondellBasell Industries Holdings B.V., Solvay, LANXESS, and Evonik Industries AG holding significant market shares.

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Middle-East and Africa Thermoplastics Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Key End-user Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Product Type

      1. 2.1.1 Commodity Thermoplastics

        1. 2.1.1.1 Polyethylene (PE)

        2. 2.1.1.2 Polypropylene (PP)

        3. 2.1.1.3 Polyvinyl Chloride (PVC)

        4. 2.1.1.4 Polystyrene (PS)

      2. 2.1.2 Engineering Thermoplastics

        1. 2.1.2.1 Polyamide (PA)

        2. 2.1.2.2 Polycarbonates (PC)

        3. 2.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 2.1.2.4 Polyoxymethylene (POM)

        5. 2.1.2.5 Polyethylene Terephthalate (PET)

        6. 2.1.2.6 Polybutylene Terephthalate (PBT)

        7. 2.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 2.1.3 High-performance Engineering Thermoplastics

        1. 2.1.3.1 Polyether Ether Ketone (PEEK)

        2. 2.1.3.2 Liquid Crystal Polymer (LCP)

        3. 2.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 2.1.3.4 Polyimide (PI)

      4. 2.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 2.2 End-user Industry

      1. 2.2.1 Packaging

      2. 2.2.2 Building and Construction

      3. 2.2.3 Automotive and Transportation

      4. 2.2.4 Electrical and Electronics

      5. 2.2.5 Sports and Leisure

      6. 2.2.6 Furniture and Bedding

      7. 2.2.7 Agriculture

      8. 2.2.8 Medical

      9. 2.2.9 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Saudi Arabia

      2. 2.3.2 United Arab Emirates

      3. 2.3.3 South Africa

      4. 2.3.4 Rest of Middle-East and Africa

Middle-East and Africa Thermoplastics Market Size FAQs

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

Evonik Industries AG , LANXESS, SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) and Solvay are the major companies operating in the Middle-East and Africa Thermoplastics Market.

Middle-East and Africa Thermoplastics Report Snapshots

Middle-East and Africa Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)