Triton Market Research’s report states that the isoprene market in the Middle East and Africa is predicted to display a CAGR of 5.74% in revenue and 3.28% during the forecast years 2023-2030. Turkey, Saudi Arabia, South Africa, the UAE, Egypt, and Rest of Middle East & Africa are reviewed in the region.
In Turkey, the automotive industry has experienced significant growth. According to the Turkish Automotive Manufacturers’ Association, motor vehicle output in December 2022 reached 142,314 units, representing an 8.2% increase compared to 2021. Consequently, this growth is expected to drive an increased demand for isoprene, used in manufacturing automotive components, thereby positively impacting isoprene market growth during the forecast period.
In 2020, Saudi Arabia accounted for over 52% of automobile sales in the Gulf Cooperation Council (GCC) and 35% in the MENA area. Moreover, vehicle sales in Saudi Arabia reached around 436,000 in 2020. Looking ahead, sales are expected to reach 543,000 units by 2025. To achieve the Kingdom’s Vision 2030 target of producing 300,000 vehicles annually, the National Industrial Development Centre (NIDC) aims to attract three to four original equipment manufacturers. These developments are expected to generate opportunities for the isoprene market. Competitive Outlook The prominent companies in the isoprene market are Shell Plc, JSR Corporation, Kuraray Co Ltd, Braskem, and The Dow Chemical Company.
1. Middle East And Africa Isoprene Market - Summary
2. Industry Outlook
2.1. Market History
2.2. Impact Analysis On The Isoprene Market
2.2.1. Covid-19 Impact
2.2.2. Ukraine-russia War Impact
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Industry Components
2.5.1. Raw Material Suppliers
2.5.2. Manufacturers
2.5.3. Distributors
2.5.4. Application
2.5.5. End-user
2.6. Regulatory Framework
2.7. Key Buying Impact Analysis
2.7.1. Elasticity
2.7.2. Tensile Strength
2.7.3. Abrasion Resistance
2.7.4. Purity
2.8. Key Market Strategies
2.8.1. Collaborations
2.8.2. Product Launches
2.8.3. Mergers & Acquisitions
2.8.4. Business Expansions
2.9. Market Drivers
2.9.1. Increasing Tire Demand In The Automotive Industry
2.9.2. Significant Demand In The Rubber Sector
2.9.3. Demand And Applications Of Polyisoprene Rubber In The Medical Industry
2.10. Market Challenges
2.10.1. Fluctuations In Raw Material Prices
2.10.2. Regulations In The Rubber Manufacturing Industry
2.11. Market Opportunities
2.11.1. Emergence Of Bio-based Isoprene
2.11.2. Growth In The Footwear Industry
2.11.3. Significant Research And Development Activities
2.12. Analyst Perspective
3. Middle East And Africa Isoprene Market – By Grade
3.1. Polymer Grade
3.2. Chemical Grade
4. Middle East And Africa Isoprene Market – By Usability
4.1. Polyisoprene
4.2. Styrene-isoprene Styrene
4.3. Isobutylene-isoprene Rubber
4.4. Other Usability
5. Middle East And Africa Isoprene Market – By End-user
5.1. Tires
5.2. Non-tires/Industrial Rubber
5.3. Adhesives
5.4. Other End-users
6. Middle East And Africa Isoprene Market – By Country Outlook
6.1. Country Analysis
6.1.1. United Arab Emirates
6.1.1.1. United Arab Emirates Isoprene Market Forecast & Prospects