Middle East & Africa Synthetic Rubber Market Outlook, 2028

Middle East & Africa Synthetic Rubber Market Outlook, 2028

The Middle East and Africa (MEA) region is a growing producer and consumer of synthetic rubbers. The region has a number of advantages for synthetic rubber production, including abundant oil and gas reserves, low-cost labor, and a strategic location. Arab Federation of Rubber Industries (AFRI) is a non-profit organization that represents the interests of the rubber industry in the Arab world. It has a number of sub-groups, which promotes the use of synthetic rubber and synthetic rubber products in the Arab world. With a rising demand for smart cities, modern infrastructure, and robust transportation networks, synthetic rubber finds extensive application in construction, automotive, and various manufacturing sectors. The automotive industry's expansion in the MEA region has particularly driven the demand for high-performance tires, seals, and gaskets, further boosting the synthetic rubber market. Moreover, the region's growing economies and foreign investments have fueled industrial expansion, prompting a higher need for rubber-based products. The Middle East Rubber & Tyre Expo is a trade show and conference that showcases the latest technologies and products in the rubber and tire industry. It is held annually in Sharjah, United Arab Emirates, and attracts exhibitors and visitors from all over the world. ArabPlast is one of the largest trade shows for the plastics, petrochemicals, and rubber industry in the Middle East. It provides a platform for synthetic rubber manufacturers and suppliers to exhibit their products and connect with potential buyers. Some of the key players include Exxon Mobil Corporation, The Dow Chemical Company, Sumitomo Chemical Co., Ltd., and others. Advancements in the production process, such as solution polymerization and metallocene catalysts, are improving the quality and performance of synthetic rubber.

According to the research report, “Middle East and Africa (MEA) Synthetic Rubber Market Outlook, 2028” published by Bonafide Research, the market is anticipated to reach approximately to USD 3 Billion by 2028. The market for synthetic rubber is expanding significantly in the Middle East and Africa due to a number of reasons that highlight the region's technological breakthroughs, industrial diversification, and economic prosperity. Key players in the synthetic rubber business in the Middle East include Saudi Arabia, South Africa, and the United Arab Emirates. The region's booming construction, automotive, and infrastructure industries are mostly responsible for this expansion. These industries rely significantly on synthetic rubber for a variety of applications, such as tire production, sealants, adhesives, and insulating materials. The market for premium synthetic rubber goods has grown as a result of the increased investment in these industries and the growing emphasis on eco-friendly solutions and sustainable practices. The Middle East's strategic location as a global trade hub has enabled it to become a significant player in the synthetic rubber market, serving as a critical link between international suppliers and regional consumers. The establishment of state-of-the-art manufacturing facilities and the implementation of advanced production techniques have further propelled the region's synthetic rubber industry, positioning it as a competitive force in the market. In addition, Researchers and manufacturers have been continually developing new materials that enhance the performance and longevity of synthetic rubbers. These innovations have made synthetic rubber an attractive choice for various industries due to its improved durability, resistance to environmental factors, and overall cost-effectiveness.

Based on report, the synthetic rubber market is categorised into three major countries United Arab Emirates (UAE), Saudi Arabia, and South Africa. South Africa indeed plays a pivotal role in the synthetic rubber market, especially within the African context. This nation's prominence in the industry is attributed to the diversified economy with vibrant manufacturing, automotive, and construction sectors, all of which are substantial consumers of synthetic rubber. The country's robust automotive industry in particular, drives significant demand for synthetic rubber, as it is used in the production of tires, seals, and various automotive components. Along with this, South Africa's commitment to sustainability and eco-friendly practices is also pushing the market forward. The development of eco-friendly synthetic rubbers that are durable and more environmentally responsible has gained momentum, further stimulating market growth as businesses and industries seek to align with green standards and regulations. Moreover, the Saudi Arabian synthetic rubber market is being positively impacted by the consolidation of companies through mergers and acquisitions. Key industry players are recognizing the potential for expansion and synergy, resulting in strategic collaborations that drive both efficiency and innovation. These mergers have streamlined the supply chain and facilitated the development and distribution of synthetic rubber products, ultimately benefiting the burgeoning demand in the country.

In the Middle East and Africa (MEA) synthetic rubber market, the segmentation primarily divided into solid and liquid forms. The solid form type is poised to take the lead, driving the industry's growth and innovation. Solid synthetic rubber, with its diverse range of applications, has become the cornerstone of numerous industries across the MEA region. Solid synthetic rubber is favored for its versatility, resilience, and adaptability, making it the preferred choice in various sectors. The construction and automotive industries, in particular, have harnessed the unique properties of solid synthetic rubber, utilizing it in the production of tires, gaskets, seals, and a plethora of essential components. Its solid form ensures durability and stability, even in the face of harsh environmental conditions, a critical factor in the MEA region, where extreme temperatures and challenging terrains are common. Moreover, the market's diversity is reflected in the segmentation based on type of material used for synthetic rubber production, which encompasses styrene butadiene rubber, polybutadiene rubber, ethylene propylenediene rubber, polyisoprene rubber, neoprene rubber, nitrile rubber, butyl rubber, and other variants. These types offer distinct properties, such as high tensile strength, resistance to chemicals, excellent flexibility, and adaptability to varying temperatures. Such versatility enables manufacturers to cater to a wide range of applications, ensuring that solid synthetic rubber remains at the forefront of the MEA market. Styrene butadiene rubber (SBR), for instance, is widely utilized in the manufacturing of automobile tires, providing the necessary grip, durability, and fuel efficiency. Polybutadiene rubber, on the other hand, is renowned for its exceptional resilience, making it a preferred choice for impact-resistant products, such as conveyor belts. Nitrile rubber, known for its resistance to oils and fuels, is essential in the oil and gas industry, where it plays a pivotal role in sealing applications.

In the Middle East and Africa (MEA) synthetic rubber market, the division based on end-user industries unveils a rich tapestry of sectors, each with its unique demands and applications. These sectors encompass automotive, consumer goods, industrial goods, chemicals, medical, pulp and paper, and several others. The industrial goods sector in the MEA region is experiencing rapid expansion, primarily attributed to the ongoing industrialization and infrastructure development initiatives. As nations in the Middle East and Africa strive to diversify their economies and reduce their dependency on oil, they have turned their attention to industrial manufacturing and export-oriented industries. This shift has ignited a surge in demand for synthetic rubber, particularly in solid forms, for a wide array of applications. Industrial goods manufacturing relies heavily on synthetic rubber products, ranging from conveyor belts and gaskets to seals and hoses. These rubber components are vital for ensuring the efficient operation of heavy machinery, conveyor systems, and various other equipment. Synthetic rubber's resilience, durability, and resistance to wear and tear make it the material of choice in this sector. Moreover, industrial goods manufacturing is highly diverse, encompassing the production of heavy machinery, construction equipment, and a host of other industrial products. The construction industry, integral to the development of infrastructure in the MEA region, further fuels the demand for synthetic rubber in industrial goods. Seals and gaskets, which are crucial for preventing leakage and maintaining the integrity of pipes and tanks, are widely used in construction applications. In addition, the mining industry, which is instrumental in the extraction of valuable minerals and resources, relies on synthetic rubber products to ensure safety and operational efficiency. The aerospace and defense sub-sector, a part of the broader industrial goods segment, also draws upon synthetic rubber's unique properties for applications such as gaskets, seals, and O-rings. These components are essential for the safe and reliable functioning of aircraft, tanks, and other military equipment, reinforcing the importance of synthetic rubber in this high-stakes industry.

Companies covered in this report:
Exxon Mobil Corporation, The Dow Chemical Company, Sumitomo Chemical Co., The Goodyear Tire & Rubber Company, Apcotex Industries Ltd, Michelin, Saudi Arabia's Basic Industries Corporation, Arlanxeo Company.

Considered in this report:
• Geography: Middle East and Africa (MEA)
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report:
• Middle East and Africa (MEA) Synthetic Rubber market Outlook with its value and forecast along with its segments
• Country-wise Synthetic Rubber market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Country covered in the report:
• United Arab Emirates
• Saudi Arabia
• South Africa

By Form Type:
• Solid
• Liquid

By Type:
• Styrene Butadiene Rubber
• Polybutadiene Rubber
• Ethylene Propylenediene Rubber
• Polyisoprene Rubber
• Neoprene Rubber
• Nitrile Rubber
• Butyl Rubber
• Others

By End User Industry:
• Automotive
• Consumer Goods
• Industrial Goods
• Chemical
• Medical
• Pulp & Paper
• Others

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organisations related to the Synthetic Rubber industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

***Please Note: It will take 48 hours (2 Business days) for delivery of the report upon order confirmation.