Middle East Polyethylene Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Middle Eastern polyethene market is anticipated to register a CAGR of greater than 4% during the forecast period. The COVID-19 pandemic had a negative impact on the market studied as demand from industries like automotive, electrical and electronics, and consumer goods witnessed a downfall. Crude oil prices fell due to a drop in demand and excess supply. Polyethene, on the other hand, is expected to be in high demand from the healthcare and packaging industries. Despite environmental worries about plastics, the market will continue to develop because these materials are used practically in all everyday items. Currently, the Middle Eastern polyethene market is recovered from the pandemic and is growing significantly.
Key HighlightsThe Middle Eastern polyethylene market is consolidated in nature. Some of the major manufacturers in the market include Dow, Exxon Mobil Corporation, LyondellBasell Industries Holdings BV, Saudi Ethylene and Polyethylene Co. (Tasnee), and SABIC among others (in no particular order).
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