Middle-East & Africa Thermoplastics Market

Middle-East & Africa Thermoplastics Market by Product Type (Commodity Thermoplastics, Engineering Thermoplastics, High-performance Engineering Thermoplastics, and Other Product Types), End-user Industry (Packaging, Building and Construction, Automotive and Transportation, Electrical and Electronics, Sports and Leisure, Furniture and Bedding, Agriculture, Medical, and Other End-user Industries), and Geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa) -Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: MC-1578
  • Author: Growth Market Reports
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  • No. Of Pages: 175
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The Middle-East & Africa thermoplastics market size is estimated to register a substantial CAGR of above 5% during the forecast period, 2021–2028. The growth of the market is attributed to rising demand from numerous key end-user industries.

Middle-East & Africa Thermoplastics Market summary

Thermoplastic refers to softening polymers that can mold above specific temperatures and solidify after cooling. The intermolecular chains in these polymers weaken rapidly under a certain temperature zone due to which they are applicable in various processing techniques such as injection molding and extrusion.

These plastics are used in numerous applications such as medical, electrical & electronics, construction, and electrical appliances. The thermoplastics are also employed in automotive vehicles, additive manufacturing, consumer goods, batteries, membrane & filtration, personal care product, and oil & gas industries. 

The Covid-19 pandemic had an adverse impact on the thermoplastics market. The production and supply in the market has been on halt owing to lockdown; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing demand for additive manufacturing in automotive and aerospace applications is among crucial factors propelling the thermoplastics market.
  • Rising demand for unique designed thermoplastics in several end-use industries such as oil & gas to tolerate harsh conditions is expected to drive the market during the forecast period.
  • Increasing demand for thermoplastics in the health care industry owing to its characteristics and applications are estimated to fuel the market in coming years.
  • Fluctuation in prices and high production cost of raw materials are projected to impede the market during the forecast period.
  • Stringent regulations for the production of polymer composites due to high release of carbon foot prints and environmental damage is likely to hinder the market
  • R&D investment and technological advancement in the Middle-East & Africa thermoplastics market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Middle-East & Africa thermoplastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Middle-East & Africa Thermoplastics Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Type (Commodity Thermoplastics, Engineering Thermoplastics, High-performance Engineering Thermoplastics, and Other Product Types), End-user Industry (Packaging, Building and Construction, Automotive and Transportation, Electrical and Electronics, Sports and Leisure, Furniture and Bedding, Agriculture, Medical, and Other End-user Industries)

Geography

Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Evonik Industries AG, LANXESS, SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) and Solvay.

Market Segment insights

The engineering thermoplastics segment is projected to constitute a large market share

Based on product type, the thermoplastics market is segregated into commodity thermoplastics, engineering thermoplastics, high-performance engineering thermoplastics, and other product types. The engineering thermoplastics segment is expected to account for a key share of the market during the forecast period owing to polyethylene terephthalate a by-product of engineering thermoplastics with numerous properties such as design flexibility, portability, light weight, ease of cleaning, and protection against moisture. Therefore, it is majorly used for packaging purposes.

Middle-East & Africa Thermoplastics Market types

The packaging segment is expected to register a substantial CAGR

Based on end user industry, the thermoplastics market is divided into packaging, building and construction, automotive and transportation, electrical and electronics, sports and leisure, furniture and bedding, agriculture, medical, and other end-user industries. The packaging segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to application of engineering plastics in the packaging segment, with better wear and chemical resistance, recyclability, ease of molding, puncture resistance, and high mechanical strength; however automotive and transportation segment is anticipated to expand at a rapid pace during the forecast period owing to the lightweight benefits, high stiffness, and excellent heat resistance properties of thermoplastics.

Middle-East & Africa Thermoplastics Market end-users

Saudi Arabia is expected to dominate the market

In terms of geography, the market is broadly classified into Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa. The market in Saudi Arabia is anticipated to expand at a robust CAGR during the forecast period. The government initiatives such as reforming economic policies, investments in diversified sectors, and attract private investments in the country, to make it a diversified economy that is not dependent on oil is expected to drive the market growth in near future.
 

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermoplastics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Thermoplastics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Thermoplastics Market - Supply Chain
  4.5. Global Thermoplastics Market Forecast
     4.5.1. Thermoplastics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Thermoplastics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Thermoplastics Market Absolute $ Opportunity
5. Global Thermoplastics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Thermoplastics Market Size and Volume Forecast by Types
     5.3.1. Commodity Thermoplastics
     5.3.2. Engineering Thermoplastics
     5.3.3. High-performance Engineering Thermoplastics
     5.3.4. Other Product Types
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Thermoplastics Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Thermoplastics Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Thermoplastics Demand Share Forecast, 2019-2026
7. North America Thermoplastics Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Thermoplastics Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Thermoplastics Market Size and Volume Forecast by Types
     7.4.1. Commodity Thermoplastics
     7.4.2. Engineering Thermoplastics
     7.4.3. High-performance Engineering Thermoplastics
     7.4.4. Other Product Types
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Thermoplastics Demand Share Forecast, 2019-2026
8. Latin America Thermoplastics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Thermoplastics Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Thermoplastics Market Size and Volume Forecast by Types
     8.4.1. Commodity Thermoplastics
     8.4.2. Engineering Thermoplastics
     8.4.3. High-performance Engineering Thermoplastics
     8.4.4. Other Product Types
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Thermoplastics Demand Share Forecast, 2019-2026
9. Europe Thermoplastics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Thermoplastics Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Thermoplastics Market Size and Volume Forecast by Types
     9.4.1. Commodity Thermoplastics
     9.4.2. Engineering Thermoplastics
     9.4.3. High-performance Engineering Thermoplastics
     9.4.4. Other Product Types
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Thermoplastics Demand Share Forecast, 2019-2026
10. Asia Pacific Thermoplastics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Thermoplastics Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Thermoplastics Market Size and Volume Forecast by Types
     10.4.1. Commodity Thermoplastics
     10.4.2. Engineering Thermoplastics
     10.4.3. High-performance Engineering Thermoplastics
     10.4.4. Other Product Types
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Thermoplastics Demand Share Forecast, 2019-2026
11. Middle East & Africa Thermoplastics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Thermoplastics Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Thermoplastics Market Size and Volume Forecast by Types
     11.4.1. Commodity Thermoplastics
     11.4.2. Engineering Thermoplastics
     11.4.3. High-performance Engineering Thermoplastics
     11.4.4. Other Product Types
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Thermoplastics Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Thermoplastics Market: Market Share Analysis
  12.2. Thermoplastics Distributors and Customers
  12.3. Thermoplastics Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Evonik Industries AG
     12.4.2. LANXESS
     12.4.3. SABIC
     12.4.4. LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)
     12.4.5. Solvay

Segments Covered in the Report
The thermoplastics market has been segmented on the basis of: -
Product Type

  • Commodity Thermoplastics
  • Engineering Thermoplastics
  • High-performance Engineering Thermoplastics
  • Other Product Types

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

Key Companies

  • Evonik Industries AG
  • LANXESS
  • SABIC
  • LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)
  • Solvay

 

Key players competing in the thermoplastics market include Evonik Industries AG, LANXESS, SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) and Solvay.

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

Middle-East & Africa Thermoplastics Market keyplayers

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