Middle East & Africa Polyurethane Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Rigid Foam, Flexible Foam, Coatings Adhesives and Sealants, Elastomers, and Others) and Application (Furniture and Interiors, Construction, Electronics and Appliances, Automotive, Footwear, Packaging, and Others)
Market Introduction
The Middle East & Africa polyurethane market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. Governments of various countries across the region are focusing on the nation's infrastructure development. National, state, and local governments in each country are spending high amounts of capital to meet these needs for good reason. The Secretariat for Infrastructure in the Planning Commission is involved in initiating policies that would ensure the time-bound creation of top-class infrastructure in the country. This infrastructure planning mainly focuses on power, dams, bridges, roads, and urban infrastructure development. The nation's infrastructure push comprises projects related to roads, ports, railways, and airports; projects in agriculture and renewable energy; and industrial and social infrastructure. Rigid polyurethane foams are known as the high-performance closed-cell plastics adopted in end-use industries, such as packaging, transportation, and industrial insulations and appliances, due to their structural stability, which further assists manufacturers to design thermally insulating products. Rigid foams possess higher mechanical strength, sound insulation properties, and thermal resistance. Therefore, they can be used in extreme weather conditions and harsh environments. The building and construction industry is major end user of rigid and sprays polyurethane foam. Due to various benefits such energy efficiency, versatility, high performance, thermal/mechanical performance, and environment-friendly nature, rigid polyurethane foam insulation is applied in a building.
In case of COVID-19, in Middle East & Africa, especially South Africa, witnessed an unprecedented rise in number of coronavirus cases, which led to the discontinuation of polyurethane manufacturing activities. Downfall of other chemical and materials manufacturing sectors has negatively impacted the demand for polyurethane during the early months of 2020. Moreover, decline in the overall resin and polymer manufacturing activities has led to discontinuation of polyurethane manufacturing projects, thereby reducing the demand for polyurethane. Similar trend was witnessed in other Middle East & Africa countries, i.e., UAE, Morocco and Saudi Arabia. However, the countries are likely to overcome thus drop in demand with the economic activities regaining their pace, especially in the beginning of the 2021.
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Market Overview and Dynamics
The polyurethane market in Middle East & Africa is expected to grow from US$ 1,653.05 million in 2021 to US$ 2,388.05 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028. Flexible polyurethane foam (FPF) influences people's lives in many ways; also, new applications are rolling out on a day-to-day basis. It is utilized as cushioning for a wide variety of consumer and commercial products such as furniture, carpet cushion, bedding, packaging, transportation, textiles, and fibers. The utilization of polyurethane is on the rise in this region since they offer benefits, including long life, reduction in weight, Resistance to Water, Oil & Grease, Electrical Properties, Wide Resiliency Range, Strong Bonding Properties, Performance in Harsh Environments, Mold, Mildew & Fungus Resistance, Color Ranges, and Economical Manufacturing Process. Also, the presence of some of the leading manufacturers in the Middle East and Africa region is further anticipated to lead to the growth of polyurethane in the region.
Key Market Segments
Based on product, the flexible foam segment accounted for the largest share of the Middle East & Africa polyurethane market in 2020. Based on application, the furniture and appliances segment accounted for the largest share of the Middle East & Africa polyurethane market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Middle East & Africa polyurethane market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include Covestro AG, the Dow Chemical Company, Lubrizol Corporation, DIC Corporation, BASF SE, Mitsui Chemicals, Inc., Recticel NV, Huntsman Corporation, and Tosoh Corporation.
Reasons to buy report
- To understand the Middle East & Africa polyurethane market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Middle East & Africa polyurethane market
- Efficiently plan M&A and partnership deals in Middle East & Africa polyurethane market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Middle East & Africa polyurethane market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East & Africa region.
Middle East & Africa Polyurethane Market Segmentation
Middle East & Africa Polyurethane Market -By Product
- Rigid Foam
- Flexible Foam
- Coatings Adhesives and Sealants
- Elastomers
- Others
Middle East & Africa Polyurethane Market -By Application
- Furniture and Interiors
- Construction
- Electronics and Appliances
- Automotive
- Footwear
- Packaging
- Others
Middle East & Africa Polyurethane Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East & Africa
Middle East & Africa Polyurethane Market – Company Profiles
- Covestro AG
- Huntsman Corporation
- Lubrizol Corporation
- Mitsui Chemicals, Inc.
- BASF SE
- The Dow Chemical Company
- DIC Corporation
- Recticel NV
- Tosoh Corporation
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Middle East & Africa Polyurethane Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Polyurethane Market– Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in the Demand for Durable and Lightweight Materials from Several End -Use Industries
5.2 Market Restraints
5.2.1 Stringent Rules and Regulations with respect to Raw Materials Used in Polyurethane Manufacturing
5.2.2 Raw Material Price Fluctuations
5.3 Market Opportunities
5.3.1 Increased Support by Governments for Infrastructure Development along with Rising Use of PU as Insulation Material
5.4 Future Trends
5.4.1 Heightening Demand for Low VOC, Green, and Sustainable Polyurethane
5.5 Impact Analysis
6. Polyurethane – Middle East & Africa Market Analysis
6.1 Polyurethane Market Overview
6.2 Polyurethane Market – Revenue Forecasts to 2028 (US$ Million)
7. Middle East & Africa Polyurethane Market Analysis – By Product
7.1 Overview
7.2 Polyurethane Market, By Product (2020 and 2028)
7.3 Rigid Foam
7.3.1 Overview
7.3.2 Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.4 Flexible Foam
7.4.1 Overview
7.4.2 Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.5 Coating, Adhesives, and Sealants
7.5.1 Overview
7.5.2 Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.6 Elastomers
7.6.1 Overview
7.6.2 Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
7.7 Others
7.7.1 Overview
7.7.2 Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8. Middle East & Africa Polyurethane Market Analysis – By Application
8.1 Overview
8.2 Polyurethane Market, By Application (2020 and 2028)
8.3 Furniture and Interiors
8.3.1 Overview
8.3.2 Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.4 Construction
8.4.1 Overview
8.4.2 Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.5 Electronics and Appliances
8.5.1 Overview
8.5.2 Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.6 Automotive
8.6.1 Overview
8.6.2 Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.7 Footwear
8.7.1 Overview
8.7.2 Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.8 Packaging
8.8.1 Overview
8.8.2 Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
8.9 Others
8.9.1 Overview
8.9.2 Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
9. Middle East & Africa Polyurethane Market – Country Analysis
9.1 MEA: Polyurethane Market
9.1.1 MEA: Polyurethane Market, by Key Country
9.1.1.1 South Africa: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Polyurethane Market, Product
9.1.1.1.2 South Africa: Polyurethane Market, Application
9.1.1.2 Saudi Arabia: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Polyurethane Market, Product
9.1.1.2.2 Saudi Arabia: Polyurethane Market, Application
9.1.1.3 UAE: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Polyurethane Market, Product
9.1.1.3.2 UAE: Polyurethane Market, Application
9.1.1.4 Rest of MEA: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Polyurethane Market, Product
9.1.1.4.2 Rest of MEA: Polyurethane Market, Application
10. Impact COVID-19 Pandemic on Middle East & Africa Polyurethane Market
10.1 Impact of COVID-19 on Polyurethane Market
10.2 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Mergers & acquisition
11.3 Company News
12. Company Profiles
12.1 Covestro AG
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Huntsman Corporation
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lubrizol Corporation
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Mitsui Chemicals, Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 BASF SE
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 The Dow Chemical Company
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 DIC Corporation
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Recticel NV
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Tosoh Corporation
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Polyurethane Market –Revenue Forecast to 2028 (US$ Million)
Table 2. South Africa Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of MEA Polyurethane Market, Product – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA Polyurethane Market, Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Polyurethane Market
LIST OF FIGURES
Figure 1. Polyurethane Market Segmentation
Figure 2. Middle East & Africa Polyurethane Market Segmentation – By Country
Figure 3. Middle East & Africa Polyurethane Market Overview
Figure 4. Flexible Foam Segment Held Largest Share of Middle East & Africa Polyurethane Market
Figure 5. Saudi Arabia Held Largest Share of Middle East & Africa Polyurethane Market
Figure 6. Middle East & Africa Polyurethane Market, Key Market Players
Figure 7. MEA: PEST Analysis
Figure 8. Expert Opinion
Figure 9. Impact Analysis of Drivers and Restraints
Figure 10. Middle East & Africa: Polyurethane Market – Revenue Forecast to 2028 (US$ Million)
Figure 11. Polyurethane Market Revenue Share, By Product (2020 and 2028)
Figure 12. Rigid Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 13. Flexible Foam: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 14. Coating, Adhesives, and Sealants: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 15. Elastomers: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 16. Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 17. Polyurethane Market Revenue Share, By Application (2020 and 2028)
Figure 18. Furniture and Interiors: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 19. Construction: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 20. Electronics and Appliances: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 21. Automotive: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 22. Footwear: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 23. Packaging: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 24. Others: Polyurethane Market – Revenue and Forecast to 2028 (US$ Mn)
Figure 25. Middle East & Africa: Polyurethane Market, by Key Country – Revenue (2020) (USD Million)
Figure 26. MEA: Polyurethane Market Revenue Share, by Key Country (2020 and 2028)
Figure 27. South Africa: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 28. Saudi Arabia: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. UAE: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of MEA: Polyurethane Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
- Covestro AG
- Huntsman Corporation
- Lubrizol Corporation
- Mitsui Chemicals, Inc.
- BASF SE
- The Dow Chemical Company
- DIC Corporation
- Recticel NV
- Tosoh Corporation
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa polyurethane market.
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