Market Size of Middle-East and Africa Engineering Plastics Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Middle-East and Africa |
Largest Market | Middle-East and Africa |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Engineering Plastic Market Analysis
The market for Middle-East and Africa Engineering Plastics is expected to grow at a CAGR of more than 5% during the forecast period.
- Growing purchasing power in the counties and engineering plastics replacing traditional materials are driving the market growth.
- Volatility in raw material prices is expected to hinder the market growth.
- Introduction of green vehicles as a key to future growth is expected to increase the opportunity for the market.