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

The Middle East Fluoropolymer Market is segmented by End User Industry (Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery), by Sub Resin Type (Ethylenetetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinylfluoride (PVF), Polyvinylidene Fluoride (PVDF)) and by Country (Saudi Arabia, United Arab Emirates). Market Value in USD and Volume in tons are both presented. Key Data Points observed include volume of automobile production, new construction floor area, plastic packaging production volume, plastic resin production, imports and exports, and price of plastic resins.

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Middle East Fluoropolymer Market Size

Middle East Fluoropolymer Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 29.87 Million
svg icon Market Size (2029) USD 42.36 Million
svg icon Largest Share by End User Industry Automotive
svg icon CAGR (2024 - 2029) 7.24 %
svg icon Largest Share by Country Saudi Arabia
svg icon Market Concentration High

Major Players

Middle East Fluoropolymer Market Major Players

*Disclaimer: Major Players sorted in no particular order

Key Players

Compare market size and growth of Middle East Fluoropolymer 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

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Middle East Fluoropolymer Market Analysis

The Middle East Fluoropolymer Market size is estimated at 29.87 million USD in 2024, and is expected to reach 42.36 million USD by 2029, growing at a CAGR of 7.24% during the forecast period (2024-2029).

29.87 Million

Market Size in 2024 (USD)

42.36 Million

Market Size in 2029 (USD)

4.89 %

CAGR (2017-2023)

7.24 %

CAGR (2024-2029)

Largest Market by End-user Industry

16.76 %

value share, Automotive, 2023

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Automotive is the largest end-user industry segment owing to its rising usage of fluoropolymers for their superior characteristics, such as being lightweight and having high impact resistance.

Fastest Growing Market by End-user Industry

8.09 %

Projected CAGR, Aerospace, 2024-2029

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The aerospace industry is forecast to be the fastest-growing market segment over the forecast period due to the increasing usage of high-performance coatings along with films for protecting equipment.

Largest Market by Sub Resin Type

51.31 %

value share, Polytetrafluoroethylene (PTFE), 2023

Due to the high demand from the food and beverage, construction, and chemical processing and manufacturing industries, PTFE held the largest share of the market.

Largest Market by Country

24.80 %

value share, Saudi Arabia, 2023

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Saudi Arabia is one of the major emerging economies in the Middle Eastern region and has several prominent chemical industries where fluoropolymer is consumed. Thus, the country accounts for the largest share of the market.

Leading Market Player

28.12 %

market share, Arkema, 2022

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Arkema holds the largest share by revenue in the Middle Eastern market due to its huge distribution network in the region and the popularity of its fluoropolymer product portfolio.

Aerospace and automotive industries to create opportunities for the market

  • Fluoropolymers have applications in oil and gas, semiconductor and electronic, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceutical sectors. The Middle Eastern fluoropolymer market is led by the building and construction and automotive industries, accounting for 9.75% and 39.96% shares in 2021 in terms of revenue.
  • The building and construction industry is the largest consumer of fluoropolymers in the region. It held a share of 11.4% of the Middle Eastern fluoropolymer market in 2022 by volume. The region's new floor area is expected to reach 4.9 billion sq. ft by 2029 from 4.2 billion sq. ft in 2022, which is expected to drive the demand for fluoropolymers in the coming years.
  • The automotive industry is the second-largest consumer of fluoropolymers in the region, accounting for 25.58% of the consumption share in 2022 by volume. The industry witnessed a 32.8% increase in the production of vehicles by volume in 2022 compared to 2021. The increased consumption of fluoropolymers in lithium-ion batteries, the main components of an EV, is expected to drive the market during the forecast period.
  • The aerospace industry is expected to be the fastest-growing industry in the region in terms of revenue, with a CAGR of 8.42% during the forecast period (2023-2029). This growth can be attributed to the fluoropolymer component's ability to withstand the aggressive etching process and provide the necessary purity required to produce microchips and other electronics used in the aerospace industry. It is also used in the coatings of various aerospace components as it can withstand extreme temperatures and resist corrosion.
Middle East Fluoropolymer Market

Investments in UAE to boost the demand for fluoropolymer

  • Fluoropolymers are used in the Middle East for applications such as coatings and liners for industrial machinery, automotive, and many others. The fluoropolymers market in the region is dominated by Saudi Arabia and the United Arab Emirates, with a share of 0.83% of the revenue of the global overall fluoropolymers market.
  • Saudi Arabia is the largest consumer in the regional fluoropolymer market, with a share of 25.69% by a value in major applications in the aerospace, automotive, and industrial machinery sectors due to increasing demand. The rise in the production of automobiles drives the fluoropolymer market in Saudi Arabia, which contributed a 1.13% share of the overall region in 2022.
  • The United Arab Emirates is the second-largest consumer in the Middle Eastern fluoropolymer market, with a share of 6.06% of the revenue in 2022. With a CAGR of 8.71% in terms of revenue from electronics production in the country, the demand for fluoropolymers in the United Arab Emirates is likely to increase during the forecast period.
  • The Rest of the Middle East segment is one of the largest markets in the Middle East, with a share of 58.8% by value of the fluoropolymer market due to the rise in automotive production. Automotive production in the Rest of Middle East has a share of 98.4% in the overall Middle Eastern region.
  • The United Arab Emirates is the fastest-growing country in the region, with an expected CAGR of around 7.06% by revenue during the forecast period. This growth is expected to be a result of the plans for investment in the United Arab Emirates' financial hub to double the size of its economy by 2033, accounting for USD 8.7 trillion in economic development technology sectors through innovation.

Middle East Fluoropolymer Market Trends

Growing investments from the government and private players

  • In the Middle East, Saudi Arabia is quickly emerging as one of the key markets for the electrical and electronics industry. Aside from the oil and gas industry, the country has a sizable consumer base and a broad range of industrial pursuits, contributing to the rapid annual increase in production for the electrical and electronics industry. Thus, electrical and electronics production in the region registered a CAGR of 18% from 2017 to 2019 in revenue terms.
  • In 2020, the demand for consumer electronics for remote working and home entertainment increased due to the COVID-19 pandemic. In 2020, Saudi Arabia registered the highest smartphone penetration rate, around 97%, in the world, which enabled approximately 60% of Saudi customers to discover new sellers through social networks. Saudi Arabia faced a higher rate of e-commerce growth, nearly 60% (between 2019 and 2020), mainly due to the pandemic. The revenue from electrical and electronics production increased by 1.8% compared to the previous year.
  • Electrical and electronic production is expected to witness a CAGR of 8.51% in value during the forecast period (2023-2029). The major driving component behind the growth is likely to be the growing investments from the government and the manufacturers like Samsung. Samsung has also been pitching its 5G wireless technology to the Middle East. Saudi Arabia implemented a 5G network in line with the Vision 2030 initiative. All such factors are expected to boost electronics production over the forecast period in the region.
Middle East Fluoropolymer Market

OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT

  • Growing aircraft manufacturing capabilities to boost component production
  • Rapid urbanization expected to drive the construction industry
  • Lower interest rates and fuel rates to aid growth
  • Saudi Arabia to lead the export and import of fluoropolymer

Middle East Fluoropolymer Industry Overview

The Middle East Fluoropolymer Market is fairly consolidated, with the top five companies occupying 75.30%. The major players in this market are 3M, AGC Inc., Arkema, Dongyue Group and The Chemours Company (sorted alphabetically).

Middle East Fluoropolymer Market Leaders

  1. 3M

  2. AGC Inc.

  3. Arkema

  4. Dongyue Group

  5. The Chemours Company

Middle East Fluoropolymer Market Concentration

Other important companies include Solvay.

*Disclaimer: Major Players sorted in alphabetical order.

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Middle East Fluoropolymer Market News

  • June 2021: Arkema launched new sustainable Kynar PVDF grades for lithium-ion batteries that claim to be made of 100% renewable attributed carbon derived from crude tall oil bio-feedstock.
  • May 2021: Arkema acquired Agiplast to become the first fully integrated high-performance polymer manufacturer offering both bio-based and recycled materials. The acquisition was aimed at addressing the challenges of resource scarcity and end-of-life products.

Free with this Report

We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 15+ free charts, the section covers rare data on various end-user production trends including passenger vehicle production, commercial vehicle production, motorcycle production, aerospace components production, electrical and electronics production, and regional data for engineering plastics demand etc.

Middle East Fluoropolymer Market
Middle East Fluoropolymer Market
Middle East Fluoropolymer Market
Middle East Fluoropolymer Market

Middle East Fluoropolymer Market Report - Table of Contents

  1. EXECUTIVE SUMMARY & KEY FINDINGS

  2. REPORT OFFERS

  3. 1. INTRODUCTION

    1. 1.1. Study Assumptions & Market Definition

    2. 1.2. Scope of the Study​

    3. 1.3. Research Methodology

  4. 2. KEY INDUSTRY TRENDS

    1. 2.1. End User Trends

      1. 2.1.1. Aerospace

      2. 2.1.2. Automotive

      3. 2.1.3. Building and Construction

      4. 2.1.4. Electrical and Electronics

      5. 2.1.5. Packaging

    2. 2.2. Import And Export Trends

      1. 2.2.1. Fluoropolymer Trade

    3. 2.3. Regulatory Framework

      1. 2.3.1. Saudi Arabia

      2. 2.3.2. United Arab Emirates

    4. 2.4. Value Chain & Distribution Channel Analysis

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

    1. 3.1. End User Industry

      1. 3.1.1. Aerospace

      2. 3.1.2. Automotive

      3. 3.1.3. Building and Construction

      4. 3.1.4. Electrical and Electronics

      5. 3.1.5. Industrial and Machinery

      6. 3.1.6. Other End-user Industries

    2. 3.2. Sub Resin Type

      1. 3.2.1. Ethylenetetrafluoroethylene (ETFE)

      2. 3.2.2. Fluorinated Ethylene-propylene (FEP)

      3. 3.2.3. Polytetrafluoroethylene (PTFE)

      4. 3.2.4. Polyvinylfluoride (PVF)

      5. 3.2.5. Polyvinylidene Fluoride (PVDF)

      6. 3.2.6. Other Sub Resin Types

    3. 3.3. Country

      1. 3.3.1. Saudi Arabia

      2. 3.3.2. United Arab Emirates

      3. 3.3.3. Rest of Middle East

  6. 4. COMPETITIVE LANDSCAPE

    1. 4.1. Key Strategic Moves

    2. 4.2. Market Share Analysis

    3. 4.3. Company Landscape

    4. 4.4. Company Profiles (includes Global Level Overview, Market Level Overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and Analysis of Recent Developments).

      1. 4.4.1. 3M

      2. 4.4.2. AGC Inc.

      3. 4.4.3. Arkema

      4. 4.4.4. Dongyue Group

      5. 4.4.5. Solvay

      6. 4.4.6. The Chemours Company

  7. 5. KEY STRATEGIC QUESTIONS FOR ENGINEERING PLASTICS CEOS

  8. 6. APPENDIX

    1. 6.1. Global Overview

      1. 6.1.1. Overview

      2. 6.1.2. Porter’s Five Forces Framework (Industry Attractiveness Analysis)

      3. 6.1.3. Global Value Chain Analysis

      4. 6.1.4. Market Dynamics (DROs)

    2. 6.2. Sources & References

    3. 6.3. List of Tables & Figures

    4. 6.4. Primary Insights

    5. 6.5. Data Pack

    6. 6.6. Glossary of Terms

List of Tables & Figures

  1. Figure 1:  
  2. PRODUCTION REVENUE OF AEROSPACE COMPONENTS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 2:  
  2. PRODUCTION VOLUME OF AUTOMOBILES, UNITS, MIDDLE EAST, 2017 - 2029
  1. Figure 3:  
  2. FLOOR AREA OF NEW CONSTRUCTION, SQUARE FEET, MIDDLE EAST, 2017 - 2029
  1. Figure 4:  
  2. PRODUCTION REVENUE OF ELECTRICAL AND ELECTRONICS, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 5:  
  2. PRODUCTION VOLUME OF PLASTIC PACKAGING, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 6:  
  2. IMPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, MIDDLE EAST, 2017 - 2021
  1. Figure 7:  
  2. EXPORT REVENUE OF FLUOROPOLYMER TRADE BY TOP COUNTRIES, USD, MIDDLE EAST, 2017 - 2021
  1. Figure 8:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 9:  
  2. VALUE OF FLUOROPOLYMER CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 10:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 11:  
  2. VALUE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 12:  
  2. VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 13:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 14:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 15:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 16:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AEROSPACE INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 17:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 18:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 19:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN AUTOMOTIVE INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 20:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 21:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 22:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN BUILDING AND CONSTRUCTION INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 23:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 24:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 25:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN ELECTRICAL AND ELECTRONICS INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 26:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 27:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 28:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN INDUSTRIAL AND MACHINERY INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 29:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 30:  
  2. VALUE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 31:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED IN OTHER END-USER INDUSTRIES INDUSTRY BY SUB RESIN TYPE, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 32:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 33:  
  2. VALUE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 34:  
  2. VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 35:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY SUB RESIN TYPE, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 36:  
  2. VOLUME OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 37:  
  2. VALUE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 38:  
  2. VALUE SHARE OF ETHYLENETETRAFLUOROETHYLENE (ETFE) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 39:  
  2. VOLUME OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 40:  
  2. VALUE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 41:  
  2. VALUE SHARE OF FLUORINATED ETHYLENE-PROPYLENE (FEP) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 42:  
  2. VOLUME OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 43:  
  2. VALUE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 44:  
  2. VALUE SHARE OF POLYTETRAFLUOROETHYLENE (PTFE) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 45:  
  2. VOLUME OF POLYVINYLFLUORIDE (PVF) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 46:  
  2. VALUE OF POLYVINYLFLUORIDE (PVF) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 47:  
  2. VALUE SHARE OF POLYVINYLFLUORIDE (PVF) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 48:  
  2. VOLUME OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 49:  
  2. VALUE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 50:  
  2. VALUE SHARE OF POLYVINYLIDENE FLUORIDE (PVDF) CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 51:  
  2. VOLUME OF OTHER SUB RESIN TYPES CONSUMED, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 52:  
  2. VALUE OF OTHER SUB RESIN TYPES CONSUMED, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 53:  
  2. VALUE SHARE OF OTHER SUB RESIN TYPES CONSUMED BY END USER INDUSTRY, %, MIDDLE EAST, 2022 VS 2029
  1. Figure 54:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED BY COUNTRY, TONS, MIDDLE EAST, 2017 - 2029
  1. Figure 55:  
  2. VALUE OF FLUOROPOLYMER CONSUMED BY COUNTRY, USD, MIDDLE EAST, 2017 - 2029
  1. Figure 56:  
  2. VOLUME SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 57:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY COUNTRY, %, MIDDLE EAST, 2017, 2023, AND 2029
  1. Figure 58:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED, TONS, SAUDI ARABIA, 2017 - 2029
  1. Figure 59:  
  2. VALUE OF FLUOROPOLYMER CONSUMED, USD, SAUDI ARABIA, 2017 - 2029
  1. Figure 60:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, SAUDI ARABIA, 2022 VS 2029
  1. Figure 61:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED, TONS, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 62:  
  2. VALUE OF FLUOROPOLYMER CONSUMED, USD, UNITED ARAB EMIRATES, 2017 - 2029
  1. Figure 63:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, UNITED ARAB EMIRATES, 2022 VS 2029
  1. Figure 64:  
  2. VOLUME OF FLUOROPOLYMER CONSUMED, TONS, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 65:  
  2. VALUE OF FLUOROPOLYMER CONSUMED, USD, REST OF MIDDLE EAST, 2017 - 2029
  1. Figure 66:  
  2. VALUE SHARE OF FLUOROPOLYMER CONSUMED BY END USER INDUSTRY, %, REST OF MIDDLE EAST, 2022 VS 2029
  1. Figure 67:  
  2. MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, MIDDLE EAST, 2019 - 2021
  1. Figure 68:  
  2. MOST ADOPTED STRATEGIES, COUNT, MIDDLE EAST, 2019 - 2021
  1. Figure 69:  
  2. REVENUE SHARE OF FLUOROPOLYMER BY MAJOR PLAYERS, %, MIDDLE EAST, 2022

Middle East Fluoropolymer Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery are covered as segments by End User Industry. Ethylenetetrafluoroethylene (ETFE), Fluorinated Ethylene-propylene (FEP), Polytetrafluoroethylene (PTFE), Polyvinylfluoride (PVF), Polyvinylidene Fluoride (PVDF) are covered as segments by Sub Resin Type. Saudi Arabia, United Arab Emirates are covered as segments by Country.

  • Fluoropolymers have applications in oil and gas, semiconductor and electronic, chemical processing, automotive, wire and cable, building, aerospace, and pharmaceutical sectors. The Middle Eastern fluoropolymer market is led by the building and construction and automotive industries, accounting for 9.75% and 39.96% shares in 2021 in terms of revenue.
  • The building and construction industry is the largest consumer of fluoropolymers in the region. It held a share of 11.4% of the Middle Eastern fluoropolymer market in 2022 by volume. The region's new floor area is expected to reach 4.9 billion sq. ft by 2029 from 4.2 billion sq. ft in 2022, which is expected to drive the demand for fluoropolymers in the coming years.
  • The automotive industry is the second-largest consumer of fluoropolymers in the region, accounting for 25.58% of the consumption share in 2022 by volume. The industry witnessed a 32.8% increase in the production of vehicles by volume in 2022 compared to 2021. The increased consumption of fluoropolymers in lithium-ion batteries, the main components of an EV, is expected to drive the market during the forecast period.
  • The aerospace industry is expected to be the fastest-growing industry in the region in terms of revenue, with a CAGR of 8.42% during the forecast period (2023-2029). This growth can be attributed to the fluoropolymer component's ability to withstand the aggressive etching process and provide the necessary purity required to produce microchips and other electronics used in the aerospace industry. It is also used in the coatings of various aerospace components as it can withstand extreme temperatures and resist corrosion.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Other End-user Industries
Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Country
Saudi Arabia
United Arab Emirates
Rest of Middle East
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Market Definition

  • End-user Industry - Building & Construction, Packaging, Automotive, Aerospace, Industrial Machinery, Electrical & Electronics, and Others are the end-user industries considered under the fluoropolymers market.
  • Resin - Under the scope of the study, virgin fluoropolymer resins like Polytetrafluoroethylene, Polyvinylidene Fluoride, Polyvinylfluoride, Fluorinated Ethylene-propylene, Ethylenetetrafluoroethylene, etc. in the primary forms are considered.
Keyword Definition
Acetal This is a rigid material that has a slippery surface. It can easily withstand wear and tear in abusive work environments. This polymer is used for building applications such as gears, bearings, valve components, etc.
Acrylic This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation.
Cast film A cast film is made by depositing a layer of plastic onto a surface then solidifying and removing the film from that surface. The plastic layer can be in molten form, in a solution, or in dispersion.
Colorants & Pigments Colorants & Pigments are additives used to change the color of the plastic. They can be a powder or a resin/color premix.
Composite material A composite material is a material that is produced from two or more constituent materials. These constituent materials have dissimilar chemical or physical properties and are merged to create a material with properties unlike the individual elements.
Degree of Polymerization (DP) The number of monomeric units in a macromolecule, polymer, or oligomer molecule is referred to as the degree of polymerization or DP. Plastics with useful physical properties often have DPs in the thousands.
Dispersion To create a suspension or solution of material in another substance, fine, agglomerated solid particles of one substance are dispersed in a liquid or another substance to form a dispersion.
Fiberglass Fiberglass-reinforced plastic is a material made up of glass fibers embedded in a resin matrix. These materials have high tensile and impact strength. Handrails and platforms are two examples of lightweight structural applications that use standard fiberglass.
Fiber-reinforced polymer (FRP) Fiber-reinforced polymer is a composite material made of a polymer matrix reinforced with fibers. The fibers are usually glass, carbon, aramid, or basalt.
Flake This is a dry, peeled-off piece, usually with an uneven surface, and is the base of cellulosic plastics.
Fluoropolymers This is a fluorocarbon-based polymer with multiple carbon-fluorine bonds. It is characterized by high resistance to solvents, acids, and bases. These materials are tough yet easy to machine. Some of the popular fluoropolymers are PTFE, ETFE, PVDF, PVF, etc.
Kevlar Kevlar is the commonly referred name for aramid fiber, which was initially a Dupont brand for aramid fiber. Any group of lightweight, heat-resistant, solid, synthetic, aromatic polyamide materials that are fashioned into fibers, filaments, or sheets is called aramid fiber. They are classified into Para-aramid and Meta-aramid.
Laminate A structure or surface composed of sequential layers of material bonded under pressure and heat to build up to the desired shape and width.
Nylon They are synthetic fiber-forming polyamides formed into yarns and monofilaments. These fibers possess excellent tensile strength, durability, and elasticity. They have high melting points and can resist chemicals and various liquids.
PET preform A preform is an intermediate product that is subsequently blown into a polyethylene terephthalate (PET) bottle or a container.
Plastic compounding Compounding consists of preparing plastic formulations by mixing and/or blending polymers and additives in a molten state to achieve the desired characteristics. These blends are automatically dosed with fixed setpoints usually through feeders/hoppers.
Plastic pellets Plastic pellets, also known as pre-production pellets or nurdles, are the building blocks for nearly every product made of plastic.
Polymerization It is a chemical reaction of several monomer molecules to form polymer chains that form stable covalent bonds.
Styrene Copolymers A copolymer is a polymer derived from more than one species of monomer, and a styrene copolymer is a chain of polymers consisting of styrene and acrylate.
Thermoplastics Thermoplastics are defined as polymers that become soft material when it is heated and becomes hard when it is cooled. Thermoplastics have wide-ranging properties and can be remolded and recycled without affecting their physical properties.
Virgin Plastic It is a basic form of plastic that has never been used, processed, or developed. It may be considered more valuable than recycled or already used materials.
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Middle East Fluoropolymer Market Research FAQs

The Middle East Fluoropolymer Market size is expected to reach USD 29.87 million in 2024 and grow at a CAGR of 7.24% to reach USD 42.36 million by 2029.

In 2024, the Middle East Fluoropolymer Market size is expected to reach USD 29.87 million.

3M, AGC Inc., Arkema, Dongyue Group and The Chemours Company are the major companies operating in the Middle East Fluoropolymer Market.

In the Middle East Fluoropolymer Market, the Automotive segment accounts for the largest share by end user industry.

In 2024, Saudi Arabia accounts for the largest share by country in the Middle East Fluoropolymer Market.

In 2023, the Middle East Fluoropolymer Market size was estimated at 29.87 million. The report covers the Middle East Fluoropolymer Market historical market size for years: 2017, 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East Fluoropolymer Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Middle East Fluoropolymer Industry Report

Statistics for the 2023 Middle East Fluoropolymer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East Fluoropolymer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Middle East Fluoropolymer Market Report Snapshots

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