The large-scale Middle East Polymer market report highlights key market dynamics, current market scenario and future prospects of the Middle East Polymer industry. This report gives information about company profile, product specifications, capacity, production value, and market shares for each company for the year 2023 to 2030 under the competitive analysis study. Furthermore, the identity of respondents is kept secret and no promotional approach is made to them while analysing the data. Market drivers and market restraints covered here help businesses to get idea about the production strategy. A credible Middle East Polymer market document directs business in right direction by giving insights about products, market, customers, competitors and marketing strategy at right time.
Middle East Polymer market analysis report highlights the company profile, product specifications, capacity, production value, and market shares for each company for the forecast period. Analysis and discussion of major industry trends, market size, sales volume, and market share is also described in this market report. Additionally, the data and information have been taken from the reliable sources and include websites, annual reports of the companies, journals, and mergers which is again checked and validated by the market experts. Information and data provided in the comprehensive Middle East Polymer report can be very important for Middle East Polymer industry when it comes to dominate the market or generate a mark in the market as a new emergent.
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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.
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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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