Market Size of middle east polyamide Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 567.83 Million |
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Market Size (2029) | USD 798.87 Million |
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Largest Share by End User Industry | Electrical and Electronics |
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CAGR (2024 - 2029) | 7.07 % |
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Largest Share by Country | United Arab Emirates |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Middle East Polyamide Market Analysis
The Middle East Polyamide Market size is estimated at 567.83 million USD in 2024, and is expected to reach 798.87 million USD by 2029, growing at a CAGR of 7.07% during the forecast period (2024-2029).
567.83 Million
Market Size in 2024 (USD)
798.87 Million
Market Size in 2029 (USD)
9.60 %
CAGR (2017-2023)
7.07 %
CAGR (2024-2029)
Largest Market by End-user Industry
32.54 %
value share, Electrical and Electronics, 2023
Owing to a wide range of applications of various polyamides, including contactors, circuit breakers, current devices, gears, and motors, the electronics industry occupied the largest share.
Fastest Growing Market by End-user Industry
9.13 %
Projected CAGR, Electrical and Electronics, 2024-2029
Owing to the high temperature and electrical resistance, the demand for various polyamides, is increasing in electronics and is expected to grow at the fastest rate in the coming years.
Largest Market by Sub Resin Type
48.16 %
value share, Polyamide (PA) 6, 2023
Owing to its applications and the highest shares in various industries, including automotive, electrical and electronics, aerospace, and construction, PA 6 resin occupied the largest share.
Largest Market by Country
40.23 %
value share, United Arab Emirates, 2023
Having the highest revenue share of around 61.73% in the electronics and electrical industry in the region, the United Arab Emirates occupied the largest share.
Leading Market Player
51.72 %
market share, Rabigh Refining and Petrochemical Company (Petro Rabigh), 2022
With the largest production capacity of around 75 kilotons per year of PA resin in 2022 in the Middle East, the company held the largest share.
Building and construction industry to become the largest consumer of polyamides
- Polyamides have several physical properties that make them ideal for manufacturing and industrial use, including resistance against abrasion, corrosion, chemical, and flame, along with low gas permeability, flexibility, and strength. In the Middle East, the United Arab Emirates accounted for 30% of the total volume consumed in 2022.
- The building and construction industry is the largest consumer of polyamides. Countries like Saudi Arabia and the United Arab Emirates are well known for their massive infrastructure projects. Polyamides are used in a variety of goods in the construction industry, including pipes, screws, sheets, spacers, safety netting, rods, tubes, washers, bolts, and plumbing fittings. In line with the number of upcoming and ongoing mega projects in the region, the demand for polyamides is expected to record a CAGR of 4.11% by value during the forecast period.
- The automotive industry is the second-largest consumer of polyamides in the region. Polyamide is one of the most used plastics in the production of under-the-hood components and fuel systems of a vehicle. The region's vehicle production is primarily dominated by Iran. However, high MRO activities in the United Arab Emirates and Saudi Arabia make them important markets for polyamides. The consumption of polyamides in the automotive market is expected to record a CAGR of 5.55% by revenue during the forecast period.
- The electrical and electronics industry is the fastest-growing consumer of polyamides due to the rapidly growing market size of consumer electronics in the region, which may record a CAGR of 7.92% from 2023 to 2029, resulting in a market size of USD 123.6 million by 2029. The market for polyamides is expected to witness a growth of 9.36% in terms of revenue during the forecast period (2023-2029).
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UAE to exhibit the fastest growth in the consumption of polyamide
- The Middle East accounted for around 2.59% by value of the global consumption of polyamide resin in 2022. Polyamide is a key polymer for various industries, including automotive, packaging, and electrical and electronics.
- Saudi Arabia is the largest consumer of polyamide resin in the region, owing to its rising automotive and packaging industries. Plastic packaging production in Saudi Arabia reached 2.0 million tons in 2022 from 1.8 million tons in 2021. The preference for processed and packaged foods has propelled the food packaging market in the country due to rapidly developing lifestyles and economic growth. The primary reason for the growing preference for processed foods is the shift in population dynamics from rural to urban areas. Saudi Arabia has one of the largest e-commerce markets in the Middle East. With the increasing demand for packaging, the demand for polyamide resin is likely to increase in the region in the future.
- The United Arab Emirates is the fastest-growing country for polyamide resin in the region. It is expected to register a CAGR of 8.08% in terms of value during the forecast period (2023-2029). The surge in demand for technologically advanced consumer electronics and appliances such as smartphones, laptops, computers, cameras, televisions, and others is expected to boost consumer electronics demand in the country in the future. Consumer electronics production in the country is projected to reach a market volume of around USD 2.5 billion in 2027 from USD 1.8 billion in 2023. As a result, growth in the consumer electronics industry in the country is projected to increase the demand for polyamide resin over the coming years.
