Middle East Polymer Trends, Share, Industry Size, Growth, Demand, Opportunities and Global Forecast By 2030



Middle East Polymer business report is very useful in identifying brand awareness, market landscape, possible future issues, industry trends and customer behavior with which superior business strategies can be set. This report makes available an actionable market insight to the clients with which they can make out the sustainable and profitable business strategies. The market report provides key statistics on the market status of Global and Regional manufacturers and hence works as an important source of guidance for companies and individuals interested in the industry. Moreover, the requisites of Middle East Polymer industry have been understood at the fullest to endow them with the premium Middle East Polymer market research report.


The significant Middle East Polymer market report estimates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. In this era of globalization, many businesses call for global market research to support decision making. Market research reports help business or organization in every sphere of trade to take better decisions, to respond the toughest business questions and reduce the risk of failure. It gives details about market drivers and market restraints which can help businesses in guessing about reducing or increasing the production of particular product.

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The Middle East polymer market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2023 to 2030 and is expected to reach USD 75,295.96 million by 2030. The major factor driving the growth of the Middle East polymer market is the rising demand for polymer-based product from industries sector such as packaging materials, automotive, aerospace and marine and construction, among others.

For instance:

  • In September 2022, SABIC   introduced SABIC PP compound G3430X and SABIC PP compound G3440X grades, two new short-glass fiber-reinforced polypropylene (PP) compounds offering enhanced performance and processing for demanding automotive under-hood, exterior, and interior applications. This will help in the growth of the company portfolio.
  • In April 2022, LyondellBasell Industries Holdings B.V (NYSE: LYB) announced it had obtained the International Sustainability and Carbon Certification (ISCC) PLUS certification, one of the world's largest sustainability certification systems, for Wesseling, Germany, cracker and European polymer sites. This will strengthen the company's reputation and gain consumer trust in the market.

Some of the prominent participants operating in the Middle East polymer market are SABIC, Lyondellbasell Industries Holdings B.V, BASF SE, Sumitomo Chemical Co. Ltd., Saudi Polymer LLC, Qatar Petrochemical Company (QAPCO)Q. P.J.S.C, Venus Petrochemicals (Bombay) Pvt. Ltd, Middle East Polymers & Chemicals L.L.C, Petro Rabigh, Exxon Mobil Corporation, Borouge, Reliance Industries Limited, among others.


Middle East Polymer Market Scope:

The Middle East polymer market is categorized based on product. The growth amongst the segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.

Products

  • Polyethylene (PE)
  • Polypropylene (PP)
  • Acrylonitrile Butadiene Styrene
  • Polyamide (PA)

Based on product, the Middle East polymer market is classified into Polyethylene (PE), Polypropylene (PP), Acrylonitrile Butadiene Styrene, and Polyamide (PA).


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