MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Chemicals & Materials | Plastic

MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET 2023-2030

Market by Material Type, Industry Vertical, and Country Outlook | Forecast 2023-2030

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Triton’s research report infers that the thermoplastic elastomers market in the Middle East and Africa is estimated to progress in value and volume at a CAGR of 6.35% and 2.59% during the forecasting years 2023-2030.


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The countries explored in the region comprise:

•         United Arab Emirates

•         Saudi Arabia

•         Turkey

•         South Africa

•         Rest of Middle East & Africa

The Middle East is experiencing a substantial demand for TPE due to numerous building and construction projects. Moreover, it is gaining recognition as a transportation hub, owing to its proximity to King Fahd International Airport in Dammam, Kingdom of Saudi Arabia (KSA), and Dubai International Airport in the United Arab Emirates (UAE), the busiest airport for international travelers. The Middle East places a strong emphasis on various sectors of the transportation industry, particularly public transportation. Besides this, African countries have shown significant demand for TPE in asphalt modification, specifically for paving and roofing. Hence, these developments create novel opportunities for the thermoplastic elastomers market.

Saudi Arabia leads the region’s market with the highest CAGR. Until 2018, the nation had limited market openness and investment opportunities than other emerging economies. However, the government is currently undergoing economic policy reforms as part of its 10th development plan. These reforms aim to diversify the economy from dependence on oil by attracting private investments across various sectors. As a result, both government and private investments are expected to drive growth in construction activities, leading to demand for TPE for various applications.

The United Arab Emirates has initiated the Dubai Autonomous Transportation Strategy, intending to achieve around 25% autonomous transportation in Dubai by 2030. This ambitious plan aims to enhance transportation efficiency and anticipates significant benefits such as reduced costs and environmental pollution. Such initiatives will elevate the demand for TPE in automotive production, expanding the thermoplastic elastomers market.

Thermoplastic elastomers exhibit rubber-like behavior above their melting or softening temperatures. Unlike thermoset rubber, TPEs can be easily reprocessed and remolded, granting greater design and fabrication flexibility. They find extensive use in applications involving adhesives, sealants, and coatings. TPE adhesives and sealants offer strong bonding capabilities and exceptional flexibility. These products come in various options, offering different thicknesses, cure speeds, and temperature and chemical resistance. The market’s growth is determined based on industry vertical and material type. The industry vertical further includes industrial, consumer goods, medical, building & construction, electrical & electronics, automotive, and other industry verticals.

The well-known firms in the market include The Dow Chemical Company, Asahi Kasei Corporation, Covestro AG, Evonik Industries AG, and Dynasol Group.

The Dow Chemical Company is a chemical product manufacturer. Its portfolio includes acrylics, bio-based plasticizers, copolymers, elastomers, ethylene copolymer resins, polyethylene (PE), high-density polyethylene (HDPE), caustic soda, etc. It serves various markets, including automotive, transportation, agriculture, personal care, electronics, and F&B. It operates in various regions, including the Middle East and Africa.

 

Key deliverables of the report:

      Market CAGR during the forecasting years 2023-2030

      Detailed data highlighting key insights, industry components, and market strategies

      Comprehensive information and estimation of the thermoplastic elastomers market revenue growth in the Middle East and Africa and its influence on the parent market

      In-depth study of forthcoming trends in consumer behavioral patterns

      A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces

      A wide-ranging study of factors that will challenge the Middle East and Africa thermoplastic elastomers market’s growth during the upcoming years

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Table of Content

1. MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET - SUMMARY

2. INDUSTRY OUTLOOK

2.1. PARENT MARKET ANALYSIS

2.2. IMPACT ANALYSIS ON THE THERMOPLASTIC ELASTOMERS MARKET

2.2.1. COVID-19 IMPACT

2.2.2. IMPACT OF RUSSIA-UKRAINE WAR

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 MATERIALS MANUFACTURER

2.5.2. POLYMER COMPOUNDING

2.5.3. END-USER

2.6. REGULATORY FRAMEWORK

2.7. KEY MARKET STRATEGIES

2.7.1. COLLABORATIONS

2.7.2. PRODUCT LAUNCHES

2.7.3. MERGERS & ACQUISITIONS

2.7.4. BUSINESS DIVESTITURES & EXPANSIONS

2.8. MARKET DRIVERS

2.8.1. APPLICATION OF THERMOPLASTIC ELASTOMER AS A SUBSTITUTE FOR THERMOSET ELASTOMER

2.8.2. INTRODUCTION OF 3-D PRINTING TECHNOLOGY

2.8.3. GROWING DEMAND IN THE AUTOMOTIVE SECTOR

2.9. MARKET CHALLENGES

2.9.1. REDUCED VOLUME CONSUMPTION DUE TO THE LIGHTWEIGHT AND MINIATURIZATION TRENDS

2.9.2. PRICE FLUCTUATIONS IN RAW MATERIALS

2.10. MARKET OPPORTUNITIES

2.10.1. LIGHTWEIGHT MATERIALS SUPPORT PRODUCT WEIGHT REDUCTION

2.10.2. GROWING USE OF THERMOPLASTIC ELASTOMERS IN RECYCLABILITY IMPROVEMENT PROJECTS

2.10.3. THERMOPLASTIC ELASTOMERS SUPPORT IN CO2 EMISSION REDUCTION

2.11. ANALYST PERSPECTIVE

3. MIDDLE EAST & AFRICA THERMOPLASTIC ELASTOMERS MARKET – BY MATERIAL TYPE

3.1. POLYSTYRENE

3.2. POLYAMIDE

3.3. POLYOLEFIN

3.4. POLYURETHANE

3.5. ELASTOMERIC ALLOY

3.6. OTHER MATERIAL TYPES

4. MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET – BY INDUSTRY VERTICAL

4.1. MEDICAL

4.2. BUILDING & CONSTRUCTION

4.3. INDUSTRIAL

4.4. CONSUMER GOODS

4.5. ELECTRICAL & ELECTRONICS

4.6. AUTOMOTIVE

4.7. OTHER INDUSTRY VERTICALS

5. MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET – BY COUNTRY OUTLOOK

5.1. UNITED ARAB EMIRATES

5.1.1. UNITED ARAB EMIRATES THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.2. SAUDI ARABIA

5.2.1. SAUDI ARABIA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.3. TURKEY

5.3.1. TURKEY THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.4. SOUTH AFRICA

5.4.1. SOUTH AFRICA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

5.5. REST OF MIDDLE EAST & AFRICA

5.5.1. REST OF MIDDLE EAST & AFRICA THERMOPLASTIC ELASTOMERS MARKET FORECAST & PROSPECTS

6. COMPETITIVE LANDSCAPE

6.1. ARKEMA SA

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.1.3. KEY STRENGTHS

6.1.4. KEY CHALLENGES

6.2. BASF SE

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.2.3. KEY STRENGTHS

6.2.4. KEY CHALLENGES

6.3. ASAHI KASEI CORPORATION

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.3.3. KEY STRENGTHS

6.3.4. KEY CHALLENGES

6.4. COVESTRO AG

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.4.3. KEY STRENGTHS

6.4.4. KEY CHALLENGES

6.5. DYNASOL GROUP

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

6.5.3. KEY STRENGTHS

6.5.4. KEY CHALLENGES

6.6. THE DOW CHEMICAL COMPANY

6.6.1. OVERVIEW

6.6.2. PRODUCT PORTFOLIO

6.6.3. KEY STRENGTHS

6.6.4. KEY CHALLENGES

6.7. EVONIK INDUSTRIES AG

6.7.1. OVERVIEW

6.7.2. PRODUCT PORTFOLIO

6.7.3. KEY STRENGTHS

6.7.4. KEY CHALLENGES

6.8. LG CHEM LTD

6.8.1. OVERVIEW

6.8.2. PRODUCT PORTFOLIO

6.8.3. KEY STRENGTHS

6.8.4. KEY CHALLENGES

6.9. LUBRIZOL CORPORATION

6.9.1. OVERVIEW

6.9.2. PRODUCT PORTFOLIO

6.9.3. KEY STRENGTHS

6.9.4. KEY CHALLENGES

6.10. KRATON CORPORATION

6.10.1. OVERVIEW

6.10.2. PRODUCT PORTFOLIO

6.10.3. KEY STRENGTHS

6.10.4. KEY CHALLENGES

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 2: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

TABLE 3: REGULATORY FRAMEWORK

TABLE 4: LIST OF COLLABORATIONS

TABLE 5: LIST OF PRODUCT LAUNCHES

TABLE 6: LIST OF MERGERS & ACQUISITIONS

TABLE 7: LIST OF BUSINESS DIVESTITURES & EXPANSIONS

TABLE 8: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2023-2030 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2023-2030 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)

TABLE 11: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN KILOTON)

List of Figures

FIGURE 1: INDUSTRY COMPONENTS

FIGURE 2: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY MATERIAL TYPE, 2022 & 2030 (IN %)

FIGURE 3: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYSTYRENE, 2023-2030 (IN $ MILLION)

FIGURE 4: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYAMIDE, 2023-2030 (IN $ MILLION)

FIGURE 5: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYOLEFIN, 2023-2030 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY POLYURETHANE, 2023-2030 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY ELASTOMERIC ALLOY, 2023-2030 (IN $ MILLION)

FIGURE 8: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY OTHER MATERIAL TYPES, 2023-2030 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRY VERTICAL, 2022 & 2030 (IN %)

FIGURE 10: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY MEDICAL, 2023-2030 (IN $ MILLION)

FIGURE 11: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY BUILDING & CONSTRUCTION, 2023-2030 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY INDUSTRIAL, 2023-2030 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY CONSUMER GOODS, 2023-2030 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY ELECTRICAL & ELECTRONICS, 2023-2030 (IN $ MILLION)

FIGURE 15: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY AUTOMOTIVE, 2023-2030 (IN $ MILLION)

FIGURE 16: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY OTHER INDUSTRY VERTICALS, 2023-2030 (IN $ MILLION)

FIGURE 17: MIDDLE EAST AND AFRICA THERMOPLASTIC ELASTOMERS MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)

FIGURE 18: UNITED ARAB EMIRATES THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 19: SAUDI ARABIA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 20: TURKEY THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 21: SOUTH AFRICA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

FIGURE 22: REST OF MIDDLE EAST & AFRICA THERMOPLASTIC ELASTOMERS MARKET 2023-2030 (IN $ MILLION)

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