MEA Polypropylene Compounds Market - Industry Trends and Forecast to 2030
Middle East and Africa polypropylene compounds market is expected to reach USD 1,217,163.23 thousand by 2030 from USD 823,656.43 thousand in 2022, growing at a CAGR of 5.1% in the forecast period of 2023 to 2030
Market SegmentationAsia-Pacific Polypropylene Compounds Market, By Product (Mineral Filled Polypropylene, Compound TPOs/TPVs, Additive Concentrates, Glass Reinforced, and Others), Polymer Type (Homopolymers and Copolymers), Application (Fiber, Film & Sheet, Raffia, and Others), End-User (Automotive, Packaging, Building and Construction, Electrical and Electronics, Consumer Goods, Medical, Textile, and Others), Country (Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Kuwait, Oman, Qatar, Bahrain, and Rest of Middle East and Africa) - Industry Trends and Forecast to 2030
Overview of Middle East and Africa Polypropylene Compounds Market Dynamics
Driver• Growing demand from automotive industry.
• Increasing usage in consumer goods.
• Packaging industry expansion
Restrain• Fluctuation in the prices
• Competition from alternate materials.
Opportunity• Rise in demand from construction sector.
• Increase in partnerships for the growth of the construction sector in emerging countries
Market PlayersSome of the key players operating in the Middle East and Africa polypropylene compounds market are
• Mitsui Chemicals, Inc.
• Exxon Mobil Corporation
• SABIC
• Borealis AG
• Braskem
• China Petrochemical Corporation (SINOPEC)
• Celanese Corporation
• BASF SE
• Formosa Plastics Group
• LyondellBasell Industries Holdings B.V.
• Avient Corporation
• Reliance Industries Limited
• Sasol
• SCG Chemicals Public Company Limited
• Trinseo
• TotalEnergies
• GS MIDDLE EAST AND AFRICA CORP
• LG Chem
• Repsol
• INEOS
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