Middle-East and Africa Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The market is segmented 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)

MEA Thermoplastics Market Size

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Middle-East and Africa Thermoplastics Market Size
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Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR < 5.00 %
Market Concentration High

Major Players

Middle-East and Africa Thermoplastics Market Key Players

*Disclaimer: Major Players sorted in no particular order

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MEA Thermoplastics Market Analysis

The market for Middle-East & Africa thermoplastics is expected to grow at a CAGR of arpund 5% during the forecast period. Growing demand from various key end-user industries is expected to drive the market growth through the forecast period.

  • Impact of COVID-19 pandemic is expected to hinder the growth of the market.
  • Saudi Arabia dominated the Middle-East and Africa thermoplastics market.

MEA Thermoplastics Market Trends

This section covers the major market trends shaping the MEA Thermoplastics Market according to our research experts:

Packaging Industry to Dominate the Market

  • Packaging accounts for the largest application segment in the Middle Eastern market. The prime reasons for the growing application of engineering plastics, in the packaging segment, are better wear and chemical resistance, ease of molding, recyclability, puncture resistance, and high mechanical strength.
  • Some of the major applications of engineering plastics, in the packaging segment, are as follows: packaging of bottled water, flexible packaging, such as sausage skin, flexible foils, such as shopping bag.
  • Polyethylene terephthalate (PET) is one of the plastics majorly used for packaging purposes, mostly in the food and beverage industry. Portability, design flexibility, ease of cleaning, light weight, and protection against moisture, are a few properties of PET, which makes it suitable for packaging purposes. In addition, low handling hazards, low toxicity, and absence of bisphenol A (BPA) and heavy metals are some of the other factors that allow PET to be used for food packaging.
  • PETs are used for making clamshells, bakery and take-out containers, microwaveable food trays, carbonated soft drink bottles, and other packages. Other applications include packaging materials for cooking oils, shampoo, hand wash, and more products.
  • Polyamide is another major engineering plastic that finds major application in the packaging sector. Bi-axially oriented and non-oriented polyamide films are used in medical and food packaging, owing to the former's high impact strength and good heat resistance.
  • Increasing household and commercial applications for containers, plastic bags, canisters, and tableware, among others, are expected to drive the consumption demand for plastics in the packaging sector, during the forecast period.
  • The usage of plastics for packaging products is expected to experience a fairly steady demand, during the forecast period. Requirements for rubber gloves in the healthcare sector, stretch films, garbage bags, and other medical devices, are anticipated to witness greater demand, in the coming years.
Middle-East and Africa Thermoplastics Market Share

Saudi Arabia to Dominate the Middle-East and African Market

  • The market openness and investment opportunities in Saudi Arabia are less when compared to other emerging economies. However, the government, in its 10th development plan, is reforming economic policies, with investments in diversified sectors, and is trying to attract private investments in the country, to make it a diversified economy that is not dependent on oil.
  • Saudi Arabia is focusing on establishing itself as the new automotive hub in the Middle East. Though the country is a large importer of vehicles and auto parts, it is now trying to attract original equipment manufacturers (OEMs) to open their production plants in the country, to develop the domestic auto industry.
  • Though the electronics market in Saudi Arabia slowed down in the recent past, it has good market potential with the rising population and demand for electronic goods, such as smartphones, LED and LCD TVs, tablets, electrical machines and equipment, and washing machines.
  • Government and private investments in different sectors in the country are expected to lead the increase in industrial and commercial building and construction activity. The country's primary growth in construction has been largely powered by the massive investments done by the government and increased inflow of FDI.
  • Such growth in various industries is expected to drive the market for thermoplastics in Middle Eastern region during the forecast period.
Middle-East and Africa Thermoplastics Market Growth

MEA Thermoplastics Industry Overview

The Middle-East and Africa thermoplastics market is consolidated with the top five players accounting for major share of the market. The prominent players in the market include SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.), Solvay, LANXESS, and Evonik Industries AG, among others.

MEA Thermoplastics Market Leaders

  1. Evonik Industries AG

  2. LANXESS

  3. SABIC

  4. LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)

  5. Solvay

*Disclaimer: Major Players sorted in no particular order

SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.), Solvay, LANXESS, and Evonik Industries AG
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MEA Thermoplastics Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand from Key End-user Industries

      2. 4.1.2 Other Drivers

    2. 4.2 Restraints

      1. 4.2.1 Impact of COVID-19 Pandemic

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product Type

      1. 5.1.1 Commodity Thermoplastics

        1. 5.1.1.1 Polyethylene (PE)

        2. 5.1.1.2 Polypropylene (PP)

        3. 5.1.1.3 Polyvinyl Chloride (PVC)

        4. 5.1.1.4 Polystyrene (PS)

      2. 5.1.2 Engineering Thermoplastics

        1. 5.1.2.1 Polyamide (PA)

        2. 5.1.2.2 Polycarbonates (PC)

        3. 5.1.2.3 Polymethyl Methacrylate (PMMA)

        4. 5.1.2.4 Polyoxymethylene (POM)

        5. 5.1.2.5 Polyethylene Terephthalate (PET)

        6. 5.1.2.6 Polybutylene Terephthalate (PBT)

        7. 5.1.2.7 Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)

      3. 5.1.3 High-performance Engineering Thermoplastics

        1. 5.1.3.1 Polyether Ether Ketone (PEEK)

        2. 5.1.3.2 Liquid Crystal Polymer (LCP)

        3. 5.1.3.3 Polytetrafluoroethylene (PTFE)

        4. 5.1.3.4 Polyimide (PI)

      4. 5.1.4 Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)

    2. 5.2 End-user Industry

      1. 5.2.1 Packaging

      2. 5.2.2 Building and Construction

      3. 5.2.3 Automotive and Transportation

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Sports and Leisure

      6. 5.2.6 Furniture and Bedding

      7. 5.2.7 Agriculture

      8. 5.2.8 Medical

      9. 5.2.9 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 United Arab Emirates

      3. 5.3.3 South Africa

      4. 5.3.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M (incl. Dyneon LLC)

      2. 6.4.2 Arkema

      3. 6.4.3 BASF SE

      4. 6.4.4 Chevron Phillips Chemical Company

      5. 6.4.5 DuPont

      6. 6.4.6 Eastman Chemical Company

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 LANXESS

      9. 6.4.9 LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.)

      10. 6.4.10 SABIC

      11. 6.4.11 Solvay

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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MEA Thermoplastics Industry Segmentation

The Middle-East and Africa Thermoplastics Market report includes:

Product Type
Commodity Thermoplastics
Polyethylene (PE)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polystyrene (PS)
Engineering Thermoplastics
Polyamide (PA)
Polycarbonates (PC)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Acrylonitrile Butadiene Styrene (ABS)/Styrene Acrylonitrile (SAN)
High-performance Engineering Thermoplastics
Polyether Ether Ketone (PEEK)
Liquid Crystal Polymer (LCP)
Polytetrafluoroethylene (PTFE)
Polyimide (PI)
Other Product Types (PPE, PSU, PEI, PPS, ETFE, PFA, FEP, PBI)
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
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MEA Thermoplastics Market Research FAQs

The Middle-East and Africa Thermoplastics Market is projected to register a CAGR of less than 5% during the forecast period (2024-2029)

Evonik Industries AG , LANXESS, SABIC, LyondellBasell Industries Holdings B.V. (incl. A. Schulman Inc.) and Solvay are the major companies operating in the Middle-East and Africa Thermoplastics Market.

The report covers the Middle-East and Africa Thermoplastics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle-East and Africa Thermoplastics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Middle-East and Africa Thermoplastics Industry Report

Statistics for the 2024 Middle-East and Africa Thermoplastics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle-East and Africa Thermoplastics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Middle-East and Africa Thermoplastics Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)