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Middle East Engineering Plastics Market Size

The Middle East Engineering Plastics Market is poised for significant growth, with the region's market size expanding due to its diverse applications across industries such as packaging, automotive, and electronics. The packaging sector, driven by consumer trends towards convenience and online shopping, holds a substantial portion of the market share. Meanwhile, the electrical and electronics industry is emerging as the fastest-growing segment, fueled by technological advancements and increased demand for IoT and 5G devices. Saudi Arabia and the United Arab Emirates are leading in market growth, with their robust food, beverage, and electronics industries contributing to the rising market size.

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Market Size of middle east engineering plastics Industry

Middle East Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 4.33 Billion
svg icon Market Size (2029) USD 6.18 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 7.38 %
svg icon Largest Share by Country Saudi Arabia
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Middle East Engineering Plastics Market Analysis

The Middle East Engineering Plastics Market size is estimated at 4.33 billion USD in 2024, and is expected to reach 6.18 billion USD by 2029, growing at a CAGR of 7.38% during the forecast period (2024-2029).

4.33 Billion

Market Size in 2024 (USD)

6.18 Billion

Market Size in 2029 (USD)

8.36 %

CAGR (2017-2023)

7.38 %

CAGR (2024-2029)

Largest Market by End-user Industry

40.33 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.

Fastest Growing Market by End-user Industry

9.76 %

Projected CAGR, Electrical and Electronics, 2024-2029

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The electronics segment is expected to witness the fastest growth due to the superior properties of engineering plastics, such as lightweight, good impact resistance, higher flexibility, and fire resistivity.

Largest Market by Resin Type

38.57 %

value share, Polyethylene Terephthalate (PET), 2023

With widespread applications in the packaging industry and the rising demand for PET sheets and films, PET resin occupies the largest market share.

Largest Market by Country

29.55 %

value share, Saudi Arabia, 2023

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Due to the escalating demand for engineering plastics in major industries, including packaging, electrical and electronics, and automotive, Saudi Arabia has occupied the highest market share over recent years.

Leading Market Player

27.24 %

market share, SABIC, 2022

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In 2022, the company held the largest market share, with a huge production capacity of around 1 million tons per year of polymers in the Middle East. The company offers polycarbonate and ABS resins for various industrial applications.

Packaging industry to dominate the demand for engineering plastics

  • The Middle East accounted for 3.5% of the global consumption of engineering plastics in 2022. Engineering plastics find applications in several industries like packaging, automotive, electrical and electronics, and building and construction.
  • The Middle Eastern packaging industry occupied the largest share of the market in 2022, attributed to a significant shift of consumers toward convenience food and on-the-go lifestyles, along with an increase in preference for ready-to-eat food, driving the demand for food packaging materials. The emerging trend of online shopping from e-commerce websites also serves as a driving factor in the packaging industry. The market is expected to record a CAGR of 7.32% in terms of value during the forecast period. Plastic packaging production is expected to reach 6,765 kilotons by 2029 compared to 4,753 kilotons in 2022.
  • The region's electrical and electronics industry is the fastest-growing industry for engineering plastics. It is likely to record a CAGR of 9.91% in terms of value during the forecast period (2023-2029). Technological advancements like artificial intelligence, the advent of 5G, and IoT (Internet of Things) devices are expected to drive the demand for electronics in the future. The revenue from the electrical and electronics segment in the United Arab Emirates is expected to register a CAGR of 8.96% during the forecast period (2023-2029) and reach a projected market value of USD 73 billion by 2029. The United Arab Emirates is the fastest-growing country in the market, and it is expected to record a CAGR of 10.1% in terms of value, making it the fastest-growing country in the Middle East.
Middle East Engineering Plastics Market

Packaging and electronics industry in Saudi Arabia to boost market demand

  • The Middle East accounted for 3.5% of the global consumption of engineering plastics in 2022. Engineering plastics find applications in several industries like automotive, electrical and electronics, building and construction, etc.
  • Saudi Arabia occupied the largest market share in terms of consumption of engineering plastics in 2022. This can be attributed to the packaging industry, which is likely to register a CAGR of 7.67% in terms of value during the forecast period. Packaging material consumption has increased due to increased demand for ready-to-eat convenience foods and the emerging trend of on-the-go lifestyles. The country's food and beverage industry is the largest in the Middle East, with a valuation of around USD 45 billion in 2021. The plastic packaging production volume in the country is projected to reach around 3.01 million tons in 2029 from 2.15 million tons in 2023.
  • Saudi Arabia is also the fastest-growing country in terms of revenue. It is predicted to register a CAGR of 7.66% in terms of value during the forecast period owing to the country's electrical and electronics industry. The rising electronics market will drive the demand for EP in the future. The consumer electronics industry in the country is projected to reach a market volume of around USD 6.73 billion by 2027 from USD 3.99 billion in 2023.
  • The United Arab Emirates is the second-fastest growing country owing to its electrical and electronic industry. As a result of technological advancements, the demand for electronics is expected to rise during the forecast period. The electronics industry in the country is projected to reach a market volume of around USD 3.32 billion by 2027 from USD 2.41 billion in 2023.

Middle East Engineering Plastics Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type. Saudi Arabia, United Arab Emirates are covered as segments by Country.

  • The Middle East accounted for 3.5% of the global consumption of engineering plastics in 2022. Engineering plastics find applications in several industries like packaging, automotive, electrical and electronics, and building and construction.
  • The Middle Eastern packaging industry occupied the largest share of the market in 2022, attributed to a significant shift of consumers toward convenience food and on-the-go lifestyles, along with an increase in preference for ready-to-eat food, driving the demand for food packaging materials. The emerging trend of online shopping from e-commerce websites also serves as a driving factor in the packaging industry. The market is expected to record a CAGR of 7.32% in terms of value during the forecast period. Plastic packaging production is expected to reach 6,765 kilotons by 2029 compared to 4,753 kilotons in 2022.
  • The region's electrical and electronics industry is the fastest-growing industry for engineering plastics. It is likely to record a CAGR of 9.91% in terms of value during the forecast period (2023-2029). Technological advancements like artificial intelligence, the advent of 5G, and IoT (Internet of Things) devices are expected to drive the demand for electronics in the future. The revenue from the electrical and electronics segment in the United Arab Emirates is expected to register a CAGR of 8.96% during the forecast period (2023-2029) and reach a projected market value of USD 73 billion by 2029. The United Arab Emirates is the fastest-growing country in the market, and it is expected to record a CAGR of 10.1% in terms of value, making it the fastest-growing country in the Middle East.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Resin Type
Fluoropolymer
By Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Liquid Crystal Polymer (LCP)
Polyamide (PA)
By Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Polybutylene Terephthalate (PBT)
Polycarbonate (PC)
Polyether Ether Ketone (PEEK)
Polyethylene Terephthalate (PET)
Polyimide (PI)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Styrene Copolymers (ABS and SAN)
Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
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Middle East Engineering Plastics Market Size Summary

The Middle East engineering plastics market is experiencing significant growth, driven by its diverse applications across various industries such as packaging, automotive, electrical and electronics, and building and construction. The packaging sector holds the largest market share, fueled by a shift towards convenience foods and the rise of e-commerce. The region's electrical and electronics industry is the fastest-growing segment, propelled by technological advancements like AI, 5G, and IoT, which are expected to boost demand for electronics. The United Arab Emirates and Saudi Arabia are key players in this market, with both countries witnessing rapid growth due to their expanding electronics industries and increasing consumer demand.

The market is characterized by a high level of consolidation, with major companies like Alfa S.A.B. de C.V., IVL Dhunseri Petrochem Industries Private Limited, JBF Industries Ltd, SABIC, and Shahid Tondgooyan Petrochemical Company dominating the landscape. Recent strategic acquisitions, such as Celanese Corporation's acquisition of DuPont's Mobility & Materials business and Alpek's acquisition of OCTAL, have further strengthened the market position of these companies. These developments, along with government and manufacturer investments, are expected to drive the continued expansion of the engineering plastics market in the Middle East over the forecast period.

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Middle East Engineering Plastics 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 Resin Type

      1. 1.2.1 Fluoropolymer

        1. 1.2.1.1 By Sub Resin Type

          1. 1.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)

          2. 1.2.1.1.2 Fluorinated Ethylene-propylene (FEP)

          3. 1.2.1.1.3 Polytetrafluoroethylene (PTFE)

          4. 1.2.1.1.4 Polyvinylfluoride (PVF)

          5. 1.2.1.1.5 Polyvinylidene Fluoride (PVDF)

          6. 1.2.1.1.6 Other Sub Resin Types

      2. 1.2.2 Liquid Crystal Polymer (LCP)

      3. 1.2.3 Polyamide (PA)

        1. 1.2.3.1 By Sub Resin Type

          1. 1.2.3.1.1 Aramid

          2. 1.2.3.1.2 Polyamide (PA) 6

          3. 1.2.3.1.3 Polyamide (PA) 66

          4. 1.2.3.1.4 Polyphthalamide

      4. 1.2.4 Polybutylene Terephthalate (PBT)

      5. 1.2.5 Polycarbonate (PC)

      6. 1.2.6 Polyether Ether Ketone (PEEK)

      7. 1.2.7 Polyethylene Terephthalate (PET)

      8. 1.2.8 Polyimide (PI)

      9. 1.2.9 Polymethyl Methacrylate (PMMA)

      10. 1.2.10 Polyoxymethylene (POM)

      11. 1.2.11 Styrene Copolymers (ABS and SAN)

    3. 1.3 Country

      1. 1.3.1 Saudi Arabia

      2. 1.3.2 United Arab Emirates

      3. 1.3.3 Rest of Middle East

Middle East Engineering Plastics Market Size FAQs

The Middle East Engineering Plastics Market size is expected to reach USD 4.33 billion in 2024 and grow at a CAGR of 7.38% to reach USD 6.18 billion by 2029.

In 2024, the Middle East Engineering Plastics Market size is expected to reach USD 4.33 billion.

Middle East Engineering Plastics Market Report Snapshots

Middle East Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029