Middle East & Africa Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Min

Middle East & Africa Loading Spout Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Loading System (Closed Loading, Open Loading, and Combined Loading), Type (Heavy-Duty Loading Spout and Standard Duty Loading Spout), and End User (Mining, Shipping, Food and Beverage, Oil and Gas, Construction, Chemical, and Others)

The MEA loading spout market is expected to grow from US$ 12.71 million in 2022 to US$ 15.95 million by 2028. It is estimated to grow at a CAGR of 3.9% from 2022 to 2028.

Growing Expansion of Industrial Sector

The growth prospects in industrial activities are primarily attributed to the growing country’s economy, formulation of new business practices, and supportive government policies, which helps encourages new investment in business and technology. The rise in industrial operations would increase emissions in the environment and the working environment. Thus, strict regulations pertaining to industrial emissions and concern about occupational health and safety of workers have led the industrial and commercial sectors to prioritize the need for installing loading spout products at the operating and manufacturing facilities. Several growth prospects in the industrial sector are emerging the need for loading spouts for the health and safety of workers, which is expected to propel the market growth during the forecast period. The increase in developing infrastructure activities would necessarily augment the need for loading spout products in industrial applications at a large scale, which would help drive the market growth over the forecast period. The countries in developing economies are most predominantly experiencing the rise in urbanization at a faster pace. The rise in population is also aiding people in shifting toward urbanization, helping the market grow. Thus, an increase in developing infrastructure activities in the construction sector and rising growth prospects in government projects for smart cities is further increasing cement usage, which is projected to propel the market growth over the forecast period. Commercial and residential constructions are continuously growing, majorly in developing countries. Several government supports in building and construction projects is escalating the demand for cement production, which is anticipated to drive the market outlook over the projected timeframe. The significant growth in infrastructure capabilities and industrialization led to the increased demand for loading spouts on a large scale. Furthermore, the stringent government regulations regarding emissions standards also said the market growth over the forecast period.

Market Overview

The loading spout market in the MEA is further segmented into South Africa, Saudi Arabia, the UAE, and Rest of the MEA. The region is witnessing a rapid progress in commercialization and industrialization. Gulf countries are economically developed, while the African countries are yet to match the economic conditions of these countries. The use of advanced building materials and technologies in the construction and Oil & gas industries are favoring the loading spout market in the MEA. Countries such as the UAE, Saudi Arabia, Kuwait, Qatar, and Bahrain are making significant investments in infrastructure projects. Both private and government construction companies are working together to cater to infrastructure demands and earn high revenues. The adoption of modern technologies benefits the construction industry through better time and cost efficiencies among contractors. Various government programs—including the UAE Vision 2021, Saudi Arabia's Neom Megaproject,Smart Dubai, and the Masdar City project—focusing on smart city development would contribute to the MEA loading spout market in the coming years. Further, due to rising oil & gas extraction and production investment across high and high-sea locations, the demand for loading spouts across offshore reserves is expected to increase significantly. Due to the rapid growth of the world's population, increasing energy requirements will increase technological demand over the forecast period and eventually drive market growth. In addition, according to ABiQ Business Intelligence, the Middle East oil and gas projects have seen a tremendous spike in growth due to large-scale investments. During 2021-2025, the Middle East will witness 615 oil and gas projects. There will be 143 midstream projects, 77 upstream projects, 83 refinery projects, and 312 petrochemical projects. Some of the major oil and gas projects in MEA are Upper Zakum Offshore Oil Field Development, Rumaila Oil Field, and others. Thus, all these factors are driving the growth of the loading spouts market in the MEA.

MEA Loading Spout Market Revenue and Forecast to 2028 (US$ Million)

MEA Loading Spout Market Segmentation

The MEA loading spout market is segmented based on loading system, type, end user, and country.

Based on loading system, the MEA loading spout market is segmented into closed loading, open loading, and combined loading. The open loading segment held the largest market share in 2022. Based on type, the MEA loading spout market is bifurcated into heavy-duty loading spout and standard duty loading spout. The standard duty loading spout segment held the larger market share in 2022. Based on end user, the MEA loading spout market is segmented into mining, shipping, food and beverage, oil and gas, construction, chemical, and others. The food and beverage segment held the largest market share in 2022. The construction segment is further segmented into cement producers, terminals, and others. Based on country, the MEA loading spout market is segmented into the UAE, Saudi Arabia, South Africa, and the Rest of MEA. South Africa dominated the market share in 2022. BEUMER Group; HENNLICH s.r.o.; Midwest International Standard Products, Inc.; PEBCO; Polimak Grup Endüstriyel Üretim San. A.Ş.; Salina Vortex Corporation; and WAMGROUP S.p.A. are the leading companies operating in the MEA loading spout market.

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