Middle East and Africa Polypropylene Compounds Market

Market Introduction  

The MEA region includes countries such as South Africa, Saudi Arabia, the UAE, and the Rest of the MEA. The polypropylene compound market in the MEA region is mainly driven by growing demand from various end-use industries such as construction, packaging, and many others. The increased markets for consumer products, burgeoning individual incomes, and growing domestic economies -particularly those in East and West Africa are driving the growth of the packaging industry in the African continent. The construction industry is one of the important industries in the UAE. South Africa has a well-established electronics sector. Thus, with the growth of the industries such as construction, packaging, electronics, etc. the market for polypropylene compounds will grow in the coming years.

In the MEA, South Africa has reported high COVID-19 cases and deaths. The pandemic has had a severe impact on the MEA economy, which has led to a decline in oil production, tourism, and remittances. The MEA region comprises many growing economies that are prospective markets for polypropylene compounds vendors. The pandemic has significantly slowed down the growth of the polypropylene compounds market in the region due to the negative impact on the growth of industries such as construction. The COVID-19 workforce reductions have affected many companies’ ability to maintain efficiency in production. The construction industry in the region is facing challenges in the form of delays in raw material, scarcity of projects, and new restrictions on the operation of laborers at construction sites. In the UAE, the pandemic has led to the disruption of various construction activities. However, the demand for polypropylene compounds in the region is likely to grow with the roll-out of vaccination plans and consequent economic recovery. Various construction activities are expected to return to normal, thereby fueling the polypropylene compounds market growth.  

Middle East and Africa Polypropylene Compounds Strategic Insights

Strategic insights for the Middle East and Africa Polypropylene Compounds provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Middle East and Africa Polypropylene Compounds Report Scope

Middle East and Africa Polypropylene Compounds Regional Insights

The geographic scope of the Middle East and Africa Polypropylene Compounds refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The polypropylene compounds market in the MEA is expected to grow from US$ 1,142.78 million in 2021 to US$ 1,490.24 million by 2028; it is estimated to grow at a CAGR of 3.9% from 2021 to 2028. Mineral-filled polypropylene compounds may be used in high-volume, low-cost applications such as automotive, electrical, and electronic appliances, and packaging. Minerals are incorporated in the polypropylene compounds to confer greater heat distortion and rigidity. These polypropylene products are available in versions such as natural-colored, colorable, and UV stabilized structures. Other applications of these compounds include automotive HVAC systems, dishwasher parts, air conditioners, fan blades, food containers, water pumps, water management systems, etc. The various players operating in the market such as Intek Plastic, Inc., and many others are offering mineral-filled polypropylene plastics with improved properties such as greater dimensional stability, stiffness, etc. The increasing use of mineral-filled polypropylene compounds will drive the growth of the polypropylene compounds market.       

Key Market Segments

MEA polypropylene compounds market is segmented into type, end user and country. Based on type, the MEA polypropylene compounds market is segmented into mineral filled PP compounds, compounded TPO, compounded TPV, glass reinforced, and others. The mineral filled PP compounds segment held the largest share of the market in 2020. Based on end user, the MEA polypropylene compounds market is divided into automotive, electricals and electronics, packaging, building and construction, textiles, and others. The automotive segment held the largest share of the MEA polypropylene compounds market in 2020. Based on country, the MEA polypropylene compounds market is segmented Saudi Arabia, South Africa, UAE, and rest of MEA. Rest of the MEA held the largest market share in 2020.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the polypropylene compounds market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Borealis AG; Exxon Mobil Corporation; LyondellBasell Industries Holdings B.V.; SABIC; Sumitomo Chemical Co., Ltd; Total; and Trinseo.        

Reasons to buy report

• To understand the MEA polypropylene compounds market landscape and identify market segments that are most likely to guarantee a strong return.
• Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA polypropylene compounds market.
• Efficiently plan M&A and partnership deals in MEA polypropylene compounds market by identifying market segments with the most promising probable sales.
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA polypropylene compounds market.
• Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.

MEA

MEA Polypropylene Compounds Market -

By Type

• Mineral Filled PP Compounds
• Compounded TPO
• Compounded TPV
• Glass Reinforced
• Others

MEA Polypropylene Compounds Market - By

End User

• Automotive
• Electricals and Electronics
• Packaging
• Building and Construction
• Textiles
• Others

MEA Polypropylene Compounds Market - By Country

• Saudi Arabia
• South Africa
• UAE
• Rest of MEA

MEA Polypropylene Compounds Market - Company Profiles

• Borealis AG
• Exxon Mobil Corporation
• LyondellBasell Industries Holdings B.V.
• SABIC
• Sumitomo Chemical Co., Ltd
• Total
• Trinseo