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Middle East And Africa Polyurethane Market Size (2024 - 2029)

The Middle East and Africa polyurethane market is projected to experience growth over the forecast period, driven by increasing demand from the building and construction sector and the need for thermal insulation in the electronics and appliances industry. Despite challenges such as volatile raw material prices and the toxic nature of polyurethane coatings, the market is recovering from the impacts of the COVID-19 outbreak, thanks to rising consumption in end-use applications like furnishing, interiors, and automotive. The market's expansion is further supported by opportunities arising from the Energy Efficiency Policy awareness in the Middle Eastern region, with Saudi Arabia anticipated to lead in market dominance and growth rate.

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Market Size of Middle East And Africa Polyurethane Industry

Middle East And Africa Polyurethane Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.55 Billion
Market Size (2029) USD 3.28 Billion
CAGR (2024 - 2029) 5.10 %
Market Concentration High

Major Players

Middle East And Africa Polyurethane Market Major Players

*Disclaimer: Major Players sorted in no particular order

Middle East and Africa Polyurethane Market Analysis

The Middle East And Africa Polyurethane Market size is estimated at USD 2.55 billion in 2024, and is expected to reach USD 3.28 billion by 2029, growing at a CAGR of 5.10% during the forecast period (2024-2029).

  • The COVID-19 outbreak negatively impacted the market. Stoppage or slowdown of projects, movement restrictions, production halts, and labor shortages to contain the COVID-19 outbreak led to a decline in the polyurethane market growth. However, it recovered significantly from 2021, owing to rising consumption from various end-use applications, including furnishing, interiors, and automotive.
  • Over the short term, increasing demand from the building and construction industry and growing requirement for thermal insulation from the electronics and appliances industry are some of the major factors driving the growth of the market studied.
  • On the flip side, volatile raw material prices and the toxic nature of polyurethane coatings are expected to hinder the growth of the market.
  • Growing awareness of the Energy Efficiency Policy related to buildings in the Middle Eastern region is likely to act as an opportunity for market growth in the future.
  • Saudi Arabia is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Middle East and Africa Polyurethane Industry Segmentation

Polyurethane is a plastic polymer material used to produce modern, versatile, and safe consumer and industrial products that are environmentally friendly. Polyurethane is formed by reacting a polyol (an alcohol with more than two reactive hydroxyl groups per molecule) with a diisocyanate or a polymeric isocyanate in the presence of suitable catalysts and additives. 

The Middle East and Africa polyurethane market is segmented by application, end-user, and geography. By application, the market is segmented into foams, coatings, adhesives and sealants, elastomers, and other applications. By end-user, the market is segmented into furniture and interiors, building and construction, electronics and appliances, automotive, footwear, packaging, and other End-user industries. The report also covers the market size and forecasts for the market in seven major countries across the Middle East and Africa region.

For each segment, the market sizing and forecasts have been done based on revenue (USD).

Application
Foams
Rigid Foam
Flexible Foam
Coatings
Adhesives and Sealants
Elastomers
Other Applications
End-user Industry
Furniture and Interiors
Building and Construction
Electronics and Appliances
Automotive
Footwear
Packaging
Other End-user Industries
Geography
Saudi Arabia
United Arab Emirates
South Africa
Egypt
Kuwait
Qatar
Morocco
Rest of Middle-East and Africa
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Middle East And Africa Polyurethane Market Size Summary

The Middle East and Africa polyurethane market is poised for significant growth, driven by increasing demand from the building and construction sector, as well as the electronics and appliances industries. The market, which experienced a downturn due to the COVID-19 pandemic, has shown resilience and is expected to expand steadily over the forecast period. The construction industry remains the largest consumer of polyurethane, particularly rigid polyurethane foam, which is valued for its energy efficiency and durability. The growing emphasis on energy efficiency policies in the Middle East, especially in Saudi Arabia and Kuwait, presents further opportunities for market expansion. However, challenges such as volatile raw material prices and the toxic nature of polyurethane coatings could impede growth.

Saudi Arabia is anticipated to lead the market in the region, supported by substantial investments in infrastructure and construction projects under initiatives like Vision 2030. The country's shift towards a post-oil economy, with a focus on mega-projects and urban development, is expected to drive demand for polyurethane products, particularly in the construction and hospitality sectors. The ongoing development of residential and commercial projects, along with significant investments in healthcare and transportation, further bolster the market's growth prospects. The market is characterized by a high level of consolidation, with major players such as Covestro AG, BASF SE, Dow, LANXESS, and Huntsman International LLC playing pivotal roles in shaping the industry's landscape.

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Middle East And Africa Polyurethane Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Requirement of Thermal Insulation from the Electronics and Appliances Industry

      2. 1.1.2 Rising Demand from the Building and Construction Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Volatile Raw Material Prices

      2. 1.2.2 Toxic Nature of Polyurethane Coatings

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Application

      1. 2.1.1 Foams

        1. 2.1.1.1 Rigid Foam

        2. 2.1.1.2 Flexible Foam

      2. 2.1.2 Coatings

      3. 2.1.3 Adhesives and Sealants

      4. 2.1.4 Elastomers

      5. 2.1.5 Other Applications

    2. 2.2 End-user Industry

      1. 2.2.1 Furniture and Interiors

      2. 2.2.2 Building and Construction

      3. 2.2.3 Electronics and Appliances

      4. 2.2.4 Automotive

      5. 2.2.5 Footwear

      6. 2.2.6 Packaging

      7. 2.2.7 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 Egypt

      5. 2.3.5 Kuwait

      6. 2.3.6 Qatar

      7. 2.3.7 Morocco

      8. 2.3.8 Rest of Middle-East and Africa

Middle East And Africa Polyurethane Market Size FAQs

The Middle-East and Africa Polyurethane Market size is expected to reach USD 2.55 billion in 2024 and grow at a CAGR of 5.10% to reach USD 3.28 billion by 2029.

In 2024, the Middle-East and Africa Polyurethane Market size is expected to reach USD 2.55 billion.

Middle East and Africa Polyurethane Market Report Snapshots

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