Market by Material Type, Industry Vertical, and Country Outlook | Forecast 2023-2030
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.
Report scope can be customized per your requirements - Request Free Sample Report
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:
â—Ź
Market CAGR during the forecasting years 2023-2030
â—Ź
Detailed data highlighting key insights, industry components, and
market strategies
â—Ź
Comprehensive information and estimation of the thermoplastic
elastomers market revenue growth in the Middle East and Africa and its
influence on the parent market
â—Ź
In-depth study of forthcoming trends in consumer behavioral
patterns
â—Ź
A meticulous analysis of the competitive landscape, vendor
scorecard, and Porter’s Five Forces
â—Ź
A wide-ranging study of factors that will challenge the Middle
East and Africa thermoplastic elastomers market’s growth during the upcoming
years
Want to get specific insights? Our team of analysts
can customize this report based on your preferences. Connect with us here.
Market Segmented By Type, Appl ..
VIEW REPORT
Market By Raw Material, End-us ..
VIEW REPORT
Market by Type, Raw Material, ..
VIEW REPORT
Market by Technology, Type, En ..
VIEW REPORT
Market by Function, Product Ty ..
VIEW REPORT
Market by Product Type, Applic ..
VIEW REPORT
Market by Product, Industry Ve ..
VIEW REPORT
Market by Type, Material, Indu ..
VIEW REPORT1. 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
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)
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)