Middle East & Africa Thermoplastics Market Size | 2031
Middle East & Africa Thermoplastics Market Size | 2031
Segments - 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 2023 – 2031
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| Report ID :MC-1578
| 4.6 Rating
| 59 Reviews
| 175 Pages
| Format :
Report Description
The Middle-East & Africa thermoplastics market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 5% during 2023 – 2031. The growth of the market is attributed to rising demand from numerous key end-user industries.
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.
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Attributes |
Details |
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Report Title |
Middle-East & Africa Thermoplastics Market –Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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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) |
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Geography |
Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle-East and Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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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.
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.
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.
Segments
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
Competitive Landscape
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.
Table Of Content
1. Executive Summary2. 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
Methodology
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