Market Introduction
The MEA region includes countries such as South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The polypropylene compound market in the MEA region is mainly driven by growing demand from various end-use industries such as construction, packaging, and many others. The increased markets for consumer products, burgeoning individual incomes, and growing domestic economies -particularly those in East and West Africa are driving the growth of the packaging industry in the African continent. The construction industry is one of the important industries in the UAE. South Africa has a well-established electronics sector. Thus, with the growth of the industries such as construction, packaging, electronics, etc. the market for polypropylene compounds will grow in the coming years.
In the MEA, South Africa has reported high COVID-19 cases and deaths. The pandemic has had a severe impact on the MEA economy, which has led to a decline in oil production, tourism, and remittances. The MEA region comprises many growing economies that are prospective markets for polypropylene compounds vendors. The pandemic has significantly slowed down the growth of the polypropylene compounds market in the region due to the negative impact on the growth of industries such as construction. The COVID-19 workforce reductions have affected many companies’ ability to maintain efficiency in production. The construction industry in the region is facing challenges in the form of delays in raw material, scarcity of projects, and new restrictions on the operation of laborers at construction sites. In the UAE, the pandemic has led to the disruption of various construction activities. However, the demand for polypropylene compounds in the region is likely to grow with the roll-out of vaccination plans and consequent economic recovery. Various construction activities are expected to return to normal, thereby fueling the polypropylene compounds market growth.
Market Overview and Dynamics
The polypropylene compounds market in the MEA is expected to grow from US$ 1,142.78 million in 2021 to US$ 1,490.24 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Mineral-filled polypropylene compounds may be used in high-volume, low-cost applications such as automotive, electrical, and electronic appliances, and packaging. Minerals are incorporated in the polypropylene compounds to confer greater heat distortion and rigidity. These polypropylene products are available in versions such as natural-colored, colorable, and UV stabilized structures. Other applications of these compounds include automotive HVAC systems, dishwasher parts, air conditioners, fan blades, food containers, water pumps, water management systems, etc. The various players operating in the market such as Intek Plastic, Inc., and many others are offering mineral-filled polypropylene plastics with improved properties such as greater dimensional stability, stiffness, etc. The increasing use of mineral-filled polypropylene compounds will drive the growth of the polypropylene compounds market.
Key Market Segments
MEA polypropylene compounds market is segmented into type, end user and country. Based on type, the MEA polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. The mineral filled PP compounds segment held the largest share of the market in 2020. Based on end user, the MEA polypropylene compounds market is divided into automotive, electricals and electronics, packaging, building and construction, textiles, and others. The automotive segment held the largest share of the MEA polypropylene compounds market in 2020. Based on country, the MEA polypropylene compounds market is segmented Saudi Arabia, South Africa, UAE, and rest of MEA. Rest of the MEA held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the polypropylene compounds market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Borealis AG; Exxon Mobil Corporation; LyondellBasell Industries Holdings B.V.; SABIC; Sumitomo Chemical Co., Ltd; Total; and Trinseo.
Reasons to buy report
MEA Polypropylene Compounds Market Segmentation
MEA Polypropylene Compounds Market - By Type
MEA Polypropylene Compounds Market - By End User
MEA Polypropylene Compounds Market - By Country
MEA Polypropylene Compounds Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1,142.78 Million |
| Market Size by 2028 | US$ 1,490.24 Million |
| CAGR (2021 - 2028) | 3.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Polypropylene Compounds Market is valued at US$ 1,142.78 Million in 2021, it is projected to reach US$ 1,490.24 Million by 2028.
As per our report Middle East and Africa Polypropylene Compounds Market, the market size is valued at US$ 1,142.78 Million in 2021, projecting it to reach US$ 1,490.24 Million by 2028. This translates to a CAGR of approximately 3.9% during the forecast period.
The Middle East and Africa Polypropylene Compounds Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Polypropylene Compounds Market report:
The Middle East and Africa Polypropylene Compounds Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Polypropylene Compounds Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Polypropylene Compounds Market value chain can benefit from the information contained in a comprehensive market report.
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