MEA Polypropylene Compounds Market

MEA Polypropylene Compounds Market Size, Share, Growth Analysis, By Product(Mineral Filled PP Compounds, Compounded TPO), By Application(Automotive, Building & Construction), By Country(GCC Countries, Saudi Arabia) - Industry Forecast 2023-2030


Report ID: UCMIR15A2293 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

MEA Polypropylene Compounds Market Insights

Market Overview:

The MEA (Middle East and Africa) polypropylene compounds market demonstrated a valuation of approximately USD 1.31 billion in 2019, showcasing its significance in the regional industrial landscape. Projections for the market's growth present a promising outlook, with expectations of a steady compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. This growth trajectory is primarily driven by the escalating need for lightweight materials in key sectors such as automotive manufacturing and the electrical and electronics industry. As these industries increasingly prioritize efficient and lightweight solutions, polypropylene compounds emerge as a pivotal choice due to their versatility, strength, and potential for reducing overall product weight. This trend underscores the market's pivotal role in supporting technological advancements, addressing industry demands, and contributing to the broader goal of sustainability and innovation across the MEA region.

MEA Polypropylene Compounds Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Commodity Chemicals by segment aggregation, the contribution of the Commodity Chemicals in Diversified Materials and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

Segmentation Analysis:

The MEA Polypropylene Compounds Market is segmented by Product, Application, Country. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

MEA Polypropylene Compounds Market Basis Point Share Analysis, 2021 Vs. 2028
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  • Based on Product the market is segmented as, Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Reinforced, Others
  • Based on Application the market is segmented as, Automotive, Building & Construction, Electrical & Electronics, Textiles, Others
  • Based on Country the market is segmented as, GCC Countries, Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Egypt, Algeria, Morocco, South Africa, KEY MARKET PLAYERS, LyondellBasell Industries Holdings B.V., Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Solvay, Polyone Corporation, Repsol, SABIC, Exxon Mobil Corporation, Borealis AG, Saudi Polymers LLC

Regional Analysis:

MEA Polypropylene Compounds Market is being analyzed by North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA) regions. Key countries including the U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, and South Africa among others were analyzed considering various micro and macro trends.

MEA Polypropylene Compounds Market Attractiveness Analysis, By Region 2020-2028
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MEA Polypropylene Compounds Market : Risk Analysis

SkyQuest's expert analysts have conducted a risk analysis to understand the impact of external extremities on MEA Polypropylene Compounds Market. We analyzed how geopolitical influence, natural disasters, climate change, legal scenario, economic impact, trade & economic policies, social & ethnic concerns, and demographic changes might affect MEA Polypropylene Compounds Market's supply chain, distribution, and total revenue growth.

Competitive landscaping:

To understand the competitive landscape, we are analyzing key MEA Polypropylene Compounds Market vendors in the market. To understand the competitive rivalry, we are comparing the revenue, expenses, resources, product portfolio, region coverage, market share, key initiatives, product launches, and any news related to the MEA Polypropylene Compounds Market.

To validate our hypothesis and validate our findings on the market ecosystem, we are also conducting a detailed porter's five forces analysis. Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry each force is analyzed by various parameters governing those forces.

Key Players Covered in the Report:

  • sights
  • The MEA polypropylene compounds market size was valued at USD 1.31 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Increasing demand for lightweight material from the automotive and electrical and electronics industries is expected to fuel the growth of the market over the forecast period. Polypropylene (PP) compounds are lightweight materials and have a broad range of superior properties, such as resistance to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance. Owing to their excellent chemical and mechanical properties, they are extensively used in manufacturing automotive components, electrical and electronics equipment, and pipe among various others.
  • The Middle East automotive industry has been witnessing a significant change over the years and there is an increasing trend towards the reduction of automobile weight in order to improve fuel efficiency. Therefore, the demand for the polypropylene compound has been increased in recent years.
  • Polypropylene compounds help to improve the fuel economy of vehicles and reduce the overall raw material costs. In addition, the high flexibility of the product has led to the creation of innovative designs, which enhances passenger safety and comfort. These factors are responsible for driving the demand for PP compounds.
  • Application Insights
  • The automotive segment led the market and accounted for more than 50.0% share of the overall revenue in 2019. The growing demand for lightweight and high-performance materials in the automotive industry is projected to boost the demand for PP compounds over the forecast period. In the automotive industry, PP compounds are used for manufacturing a wide range of components, including heater cases, lamp housings, bumper fascias, instrument panels, rocker panels, boot liners, electrical housings, and fans and shrouds, owing to their properties, such as better reliability, safety, low maintenance, and low cost of manufacturing the parts.
  • With the growth of the automotive sector, especially the commercial vehicle segment, demand for lightweight materials for increasing vehicle efficiency has increased in recent years owing to the development of commercial operations in logistics and the expansion of the industrial sector in the emerging markets, including GCC countries, South Africa, and Morocco.
  • Product Insights
  • The mineral-filled PP compounds segment led the market and accounted for more than 43.0% share of the overall revenue in 2019. Strong demand from various industries, including automotive and electrical and electronic industries, for several applications in the automotive HAVC system, air conditioner, dishwasher parts, fan blades, and food containers is expected to drive the segment over the forecast period. A mineral filled PP compounds offer better performance with an improved balance of heat resistance and stiffness as compared to standard PP compounds. In addition, they enable achieving lower part thickness, which helps in reducing the overall cost of the product.
  • The compounded TPV segment is expected to witness significant growth over the forecast period owing to its surging demand for manufacturing lightweight material in various industries, especially in the automotive industry. Compounded TPVs are the copolymers of PP compound and rubber materials, combining advantageous properties of both thermosets and plastics. These materials tend to be lightweight, durable, inexpensive, and resistant to heat, oils, chemicals, and other stressful conditions, thus rendering them ideal for automotive application. Compounded TPVs are increasingly used to substitute conventional metals, glass, plastics such as PVC, and other materials owing to numerous product advantages.
  • Country Insights
  • GCC countries dominated the market and accounted for over 40.0% share of the overall revenue in 2019. This is attributed to strong demand from the automobile industry as well as from other end-use industries, such as electrical and electronics and building and construction. Rapid industrialization, coupled with improving infrastructure in the GCC countries, is expected to positively impact the product demand. The growth of the construction sector, mainly in Saudi Arabia, UAE, and Qatar, owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects is expected to drive the demand for PP compounds over the forecast period.
  • Furthermore, rising population and benefits from high disposable income, along with access to automobile financing and low fuel prices compared with other regions, are expected to propel the growth of the PP compound market in the region.
  • However, the outbreak of COVID- 19 has negatively impacted the regional demand for PP compounds owing to several measures taken by various governments in the region to contain the spread of coronavirus. Order cancellations, restrictions on exports and imports, and shipping complications are further expected to hamper the market growth in the near future.
  • Key Companies & Market Share Insights
  • The market is characterized by the presence of various small- and medium-scale companies catering to global and local demand. It is characterized by forwarding integration through raw material production, polypropylene manufacturing, and distribution to various application industries. Integration across the stages of the value chain results in continuous raw material supply as well as low manufacturing costs. R&D initiatives by a few companies to enhance their product specifications and expand the market reach are expected to further augment the product demand in the years to come. The market is found to be significantly fragmented owing to the presence of various manufacturers across the region.
  • KEY MARKET SEGMENTS
  • By Product
  • Mineral Filled PP Compounds
  • Compounded TPO
  • Compounded TPV
  • Glass Reinforced
  • Others
  • By Application
  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Textiles
  • Others
  • By Country
  • GCC Countries
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
  • Egypt
  • Algeria
  • Morocco
  • South Africa
  • KEY MARKET PLAYERS
  • LyondellBasell Industries Holdings B.V.
  • Sumitomo Chemical Co., Ltd.
  • Mitsui Chemicals, Inc.
  • Solvay
  • Polyone Corporation
  • Repsol
  • SABIC
  • Exxon Mobil Corporation
  • Borealis AG
  • Saudi Polymers LLC
  • GAP Polymers

SkyQuest's Expertise:

The MEA Polypropylene Compounds Market is being analyzed by SkyQuest's analysts with the help of 20+ scheduled Primary interviews from both the demand and supply sides. We have already invested more than 250 hours on this report and are still refining our date to provide authenticated data to your readers and clients. Exhaustive primary and secondary research is conducted to collect information on the market, peer market, and parent market.

Our cross-industry experts and revenue-impact consultants at SkyQuest enable our clients to convert market intelligence into actionable, quantifiable results through personalized engagement.

Scope Of Report

Report Attribute Details
The base year for estimation 2021
Historical data 2016 – 2022
Forecast period 2022 – 2028
Report coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
  • By Product - Mineral Filled PP Compounds, Compounded TPO, Compounded TPV, Glass Reinforced, Others
  • By Application - Automotive, Building & Construction, Electrical & Electronics, Textiles, Others
  • By Country - GCC Countries, Saudi Arabia, UAE, Qatar, Oman, Kuwait, Bahrain, Egypt, Algeria, Morocco, South Africa, KEY MARKET PLAYERS, LyondellBasell Industries Holdings B.V., Sumitomo Chemical Co., Ltd., Mitsui Chemicals, Inc., Solvay, Polyone Corporation, Repsol, SABIC, Exxon Mobil Corporation, Borealis AG, Saudi Polymers LLC
Regional scope North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope U.S., Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
  • sights
  • The MEA polypropylene compounds market size was valued at USD 1.31 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Increasing demand for lightweight material from the automotive and electrical and electronics industries is expected to fuel the growth of the market over the forecast period. Polypropylene (PP) compounds are lightweight materials and have a broad range of superior properties, such as resistance to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance. Owing to their excellent chemical and mechanical properties, they are extensively used in manufacturing automotive components, electrical and electronics equipment, and pipe among various others.
  • The Middle East automotive industry has been witnessing a significant change over the years and there is an increasing trend towards the reduction of automobile weight in order to improve fuel efficiency. Therefore, the demand for the polypropylene compound has been increased in recent years.
  • Polypropylene compounds help to improve the fuel economy of vehicles and reduce the overall raw material costs. In addition, the high flexibility of the product has led to the creation of innovative designs, which enhances passenger safety and comfort. These factors are responsible for driving the demand for PP compounds.
  • Application Insights
  • The automotive segment led the market and accounted for more than 50.0% share of the overall revenue in 2019. The growing demand for lightweight and high-performance materials in the automotive industry is projected to boost the demand for PP compounds over the forecast period. In the automotive industry, PP compounds are used for manufacturing a wide range of components, including heater cases, lamp housings, bumper fascias, instrument panels, rocker panels, boot liners, electrical housings, and fans and shrouds, owing to their properties, such as better reliability, safety, low maintenance, and low cost of manufacturing the parts.
  • With the growth of the automotive sector, especially the commercial vehicle segment, demand for lightweight materials for increasing vehicle efficiency has increased in recent years owing to the development of commercial operations in logistics and the expansion of the industrial sector in the emerging markets, including GCC countries, South Africa, and Morocco.
  • Product Insights
  • The mineral-filled PP compounds segment led the market and accounted for more than 43.0% share of the overall revenue in 2019. Strong demand from various industries, including automotive and electrical and electronic industries, for several applications in the automotive HAVC system, air conditioner, dishwasher parts, fan blades, and food containers is expected to drive the segment over the forecast period. A mineral filled PP compounds offer better performance with an improved balance of heat resistance and stiffness as compared to standard PP compounds. In addition, they enable achieving lower part thickness, which helps in reducing the overall cost of the product.
  • The compounded TPV segment is expected to witness significant growth over the forecast period owing to its surging demand for manufacturing lightweight material in various industries, especially in the automotive industry. Compounded TPVs are the copolymers of PP compound and rubber materials, combining advantageous properties of both thermosets and plastics. These materials tend to be lightweight, durable, inexpensive, and resistant to heat, oils, chemicals, and other stressful conditions, thus rendering them ideal for automotive application. Compounded TPVs are increasingly used to substitute conventional metals, glass, plastics such as PVC, and other materials owing to numerous product advantages.
  • Country Insights
  • GCC countries dominated the market and accounted for over 40.0% share of the overall revenue in 2019. This is attributed to strong demand from the automobile industry as well as from other end-use industries, such as electrical and electronics and building and construction. Rapid industrialization, coupled with improving infrastructure in the GCC countries, is expected to positively impact the product demand. The growth of the construction sector, mainly in Saudi Arabia, UAE, and Qatar, owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects is expected to drive the demand for PP compounds over the forecast period.
  • Furthermore, rising population and benefits from high disposable income, along with access to automobile financing and low fuel prices compared with other regions, are expected to propel the growth of the PP compound market in the region.
  • However, the outbreak of COVID- 19 has negatively impacted the regional demand for PP compounds owing to several measures taken by various governments in the region to contain the spread of coronavirus. Order cancellations, restrictions on exports and imports, and shipping complications are further expected to hamper the market growth in the near future.
  • Key Companies & Market Share Insights
  • The market is characterized by the presence of various small- and medium-scale companies catering to global and local demand. It is characterized by forwarding integration through raw material production, polypropylene manufacturing, and distribution to various application industries. Integration across the stages of the value chain results in continuous raw material supply as well as low manufacturing costs. R&D initiatives by a few companies to enhance their product specifications and expand the market reach are expected to further augment the product demand in the years to come. The market is found to be significantly fragmented owing to the presence of various manufacturers across the region.
  • KEY MARKET SEGMENTS
  • By Product
  • Mineral Filled PP Compounds
  • Compounded TPO
  • Compounded TPV
  • Glass Reinforced
  • Others
  • By Application
  • Automotive
  • Building & Construction
  • Electrical & Electronics
  • Textiles
  • Others
  • By Country
  • GCC Countries
  • Saudi Arabia
  • UAE
  • Qatar
  • Oman
  • Kuwait
  • Bahrain
  • Egypt
  • Algeria
  • Morocco
  • South Africa
  • KEY MARKET PLAYERS
  • LyondellBasell Industries Holdings B.V.
  • Sumitomo Chemical Co., Ltd.
  • Mitsui Chemicals, Inc.
  • Solvay
  • Polyone Corporation
  • Repsol
  • SABIC
  • Exxon Mobil Corporation
  • Borealis AG
  • Saudi Polymers LLC
  • GAP Polymers
Customization scope Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Reap the benefits of customized purchase options to fit your specific research requirements.

Objectives of the Study

  • To forecast the market size, in terms of value, for various segments with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
  • To provide detailed information regarding the major factors influencing the growth of the Market (drivers, restraints, opportunities, and challenges)
  • To strategically analyze the micro markets with respect to the individual growth trends, future prospects, and contribution to the total market
  • To provide a detailed overview of the value chain and analyze market trends with the Porter's five forces analysis
  • To analyze the opportunities in the market for various stakeholders by identifying the high-growth Segments
  • To identify the key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the competitive landscape for the market leaders
  • To analyze competitive development such as joint ventures, mergers and acquisitions, new product launches and development, and research and development in the market

What does this Report Deliver?

  • Market Estimation for 20+ Countries
  • Historical data coverage: 2016 to 2022
  • Growth projections: 2022 to 2028
  • SkyQuest's premium market insights: Innovation matrix, IP analysis, Production Analysis, Value chain analysis, Technological trends, and Trade analysis
  • Customization on Segments, Regions, and Company Profiles
  • 100+ tables, 150+ Figures, 10+ matrix
  • Global and Country Market Trends
  • Comprehensive Mapping of Industry Parameters
  • Attractive Investment Proposition
  • Competitive Strategies Adopted by Leading Market Participants
  • Market drivers, restraints, opportunities, and its impact on the market
  • Regulatory scenario, regional dynamics, and insights of leading countries in each region
  • Segment trends analysis, opportunity, and growth
  • Opportunity analysis by region and country
  • Porter's five force analysis to know the market's condition
  • Pricing analysis
  • Parent market analysis
  • Product portfolio benchmarking

Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on MEA Polypropylene Compounds Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on MEA Polypropylene Compounds Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)
  • sights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The MEA polypropylene compounds market size was valued at USD 1.31 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Increasing demand for lightweight material from the automotive and electrical and electronics industries is expected to fuel the growth of the market over the forecast period. Polypropylene (PP) compounds are lightweight materials and have a broad range of superior properties, such as resistance to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance. Owing to their excellent chemical and mechanical properties, they are extensively used in manufacturing automotive components, electrical and electronics equipment, and pipe among various others.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The Middle East automotive industry has been witnessing a significant change over the years and there is an increasing trend towards the reduction of automobile weight in order to improve fuel efficiency. Therefore, the demand for the polypropylene compound has been increased in recent years.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Polypropylene compounds help to improve the fuel economy of vehicles and reduce the overall raw material costs. In addition, the high flexibility of the product has led to the creation of innovative designs, which enhances passenger safety and comfort. These factors are responsible for driving the demand for PP compounds.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Application Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The automotive segment led the market and accounted for more than 50.0% share of the overall revenue in 2019. The growing demand for lightweight and high-performance materials in the automotive industry is projected to boost the demand for PP compounds over the forecast period. In the automotive industry, PP compounds are used for manufacturing a wide range of components, including heater cases, lamp housings, bumper fascias, instrument panels, rocker panels, boot liners, electrical housings, and fans and shrouds, owing to their properties, such as better reliability, safety, low maintenance, and low cost of manufacturing the parts.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • With the growth of the automotive sector, especially the commercial vehicle segment, demand for lightweight materials for increasing vehicle efficiency has increased in recent years owing to the development of commercial operations in logistics and the expansion of the industrial sector in the emerging markets, including GCC countries, South Africa, and Morocco.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Product Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The mineral-filled PP compounds segment led the market and accounted for more than 43.0% share of the overall revenue in 2019. Strong demand from various industries, including automotive and electrical and electronic industries, for several applications in the automotive HAVC system, air conditioner, dishwasher parts, fan blades, and food containers is expected to drive the segment over the forecast period. A mineral filled PP compounds offer better performance with an improved balance of heat resistance and stiffness as compared to standard PP compounds. In addition, they enable achieving lower part thickness, which helps in reducing the overall cost of the product.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The compounded TPV segment is expected to witness significant growth over the forecast period owing to its surging demand for manufacturing lightweight material in various industries, especially in the automotive industry. Compounded TPVs are the copolymers of PP compound and rubber materials, combining advantageous properties of both thermosets and plastics. These materials tend to be lightweight, durable, inexpensive, and resistant to heat, oils, chemicals, and other stressful conditions, thus rendering them ideal for automotive application. Compounded TPVs are increasingly used to substitute conventional metals, glass, plastics such as PVC, and other materials owing to numerous product advantages.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Country Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • GCC countries dominated the market and accounted for over 40.0% share of the overall revenue in 2019. This is attributed to strong demand from the automobile industry as well as from other end-use industries, such as electrical and electronics and building and construction. Rapid industrialization, coupled with improving infrastructure in the GCC countries, is expected to positively impact the product demand. The growth of the construction sector, mainly in Saudi Arabia, UAE, and Qatar, owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects is expected to drive the demand for PP compounds over the forecast period.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Furthermore, rising population and benefits from high disposable income, along with access to automobile financing and low fuel prices compared with other regions, are expected to propel the growth of the PP compound market in the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • However, the outbreak of COVID- 19 has negatively impacted the regional demand for PP compounds owing to several measures taken by various governments in the region to contain the spread of coronavirus. Order cancellations, restrictions on exports and imports, and shipping complications are further expected to hamper the market growth in the near future.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Key Companies & Market Share Insights
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • The market is characterized by the presence of various small- and medium-scale companies catering to global and local demand. It is characterized by forwarding integration through raw material production, polypropylene manufacturing, and distribution to various application industries. Integration across the stages of the value chain results in continuous raw material supply as well as low manufacturing costs. R&D initiatives by a few companies to enhance their product specifications and expand the market reach are expected to further augment the product demand in the years to come. The market is found to be significantly fragmented owing to the presence of various manufacturers across the region.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET SEGMENTS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Product
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mineral Filled PP Compounds
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Compounded TPO
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Compounded TPV
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Glass Reinforced
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Application
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Automotive
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Building & Construction
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Electrical & Electronics
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Textiles
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Others
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • By Country
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • GCC Countries
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Saudi Arabia
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • UAE
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Qatar
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Oman
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Kuwait
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Bahrain
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Egypt
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Algeria
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Morocco
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • South Africa
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • KEY MARKET PLAYERS
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • LyondellBasell Industries Holdings B.V.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Sumitomo Chemical Co., Ltd.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Mitsui Chemicals, Inc.
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Solvay
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Polyone Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Repsol
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • SABIC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Exxon Mobil Corporation
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Borealis AG
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • Saudi Polymers LLC
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments
  • GAP Polymers
    • Exhibit Company Overview
    • Exhibit Business Segment Overview
    • Exhibit Financial Updates
    • Exhibit Key Developments

Methodology

For the MEA Polypropylene Compounds Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the MEA Polypropylene Compounds Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

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Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the MEA Polypropylene Compounds Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the MEA Polypropylene Compounds Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

The global market for MEA Polypropylene Compounds was estimated to be valued at US$ XX Mn in 2021.

The global MEA Polypropylene Compounds Market is estimated to grow at a CAGR of XX% by 2028.

The global MEA Polypropylene Compounds Market is segmented on the basis of Product, Application, Country.

Based on region, the global MEA Polypropylene Compounds Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the global MEA Polypropylene Compounds Market are sights , The MEA polypropylene compounds market size was valued at USD 1.31 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.1% from 2020 to 2027. Increasing demand for lightweight material from the automotive and electrical and electronics industries is expected to fuel the growth of the market over the forecast period. Polypropylene (PP) compounds are lightweight materials and have a broad range of superior properties, such as resistance to several chemical solvents, acids, and bases, high tensile strength, staining resistance, and low moisture resistance. Owing to their excellent chemical and mechanical properties, they are extensively used in manufacturing automotive components, electrical and electronics equipment, and pipe among various others. , The Middle East automotive industry has been witnessing a significant change over the years and there is an increasing trend towards the reduction of automobile weight in order to improve fuel efficiency. Therefore, the demand for the polypropylene compound has been increased in recent years. , Polypropylene compounds help to improve the fuel economy of vehicles and reduce the overall raw material costs. In addition, the high flexibility of the product has led to the creation of innovative designs, which enhances passenger safety and comfort. These factors are responsible for driving the demand for PP compounds. , Application Insights , The automotive segment led the market and accounted for more than 50.0% share of the overall revenue in 2019. The growing demand for lightweight and high-performance materials in the automotive industry is projected to boost the demand for PP compounds over the forecast period. In the automotive industry, PP compounds are used for manufacturing a wide range of components, including heater cases, lamp housings, bumper fascias, instrument panels, rocker panels, boot liners, electrical housings, and fans and shrouds, owing to their properties, such as better reliability, safety, low maintenance, and low cost of manufacturing the parts. , With the growth of the automotive sector, especially the commercial vehicle segment, demand for lightweight materials for increasing vehicle efficiency has increased in recent years owing to the development of commercial operations in logistics and the expansion of the industrial sector in the emerging markets, including GCC countries, South Africa, and Morocco. , Product Insights , The mineral-filled PP compounds segment led the market and accounted for more than 43.0% share of the overall revenue in 2019. Strong demand from various industries, including automotive and electrical and electronic industries, for several applications in the automotive HAVC system, air conditioner, dishwasher parts, fan blades, and food containers is expected to drive the segment over the forecast period. A mineral filled PP compounds offer better performance with an improved balance of heat resistance and stiffness as compared to standard PP compounds. In addition, they enable achieving lower part thickness, which helps in reducing the overall cost of the product. , The compounded TPV segment is expected to witness significant growth over the forecast period owing to its surging demand for manufacturing lightweight material in various industries, especially in the automotive industry. Compounded TPVs are the copolymers of PP compound and rubber materials, combining advantageous properties of both thermosets and plastics. These materials tend to be lightweight, durable, inexpensive, and resistant to heat, oils, chemicals, and other stressful conditions, thus rendering them ideal for automotive application. Compounded TPVs are increasingly used to substitute conventional metals, glass, plastics such as PVC, and other materials owing to numerous product advantages. , Country Insights , GCC countries dominated the market and accounted for over 40.0% share of the overall revenue in 2019. This is attributed to strong demand from the automobile industry as well as from other end-use industries, such as electrical and electronics and building and construction. Rapid industrialization, coupled with improving infrastructure in the GCC countries, is expected to positively impact the product demand. The growth of the construction sector, mainly in Saudi Arabia, UAE, and Qatar, owing to the economic recovery, advanced real estate regulatory framework, and increasing number of infrastructure projects is expected to drive the demand for PP compounds over the forecast period. , Furthermore, rising population and benefits from high disposable income, along with access to automobile financing and low fuel prices compared with other regions, are expected to propel the growth of the PP compound market in the region. , However, the outbreak of COVID- 19 has negatively impacted the regional demand for PP compounds owing to several measures taken by various governments in the region to contain the spread of coronavirus. Order cancellations, restrictions on exports and imports, and shipping complications are further expected to hamper the market growth in the near future. , Key Companies & Market Share Insights , The market is characterized by the presence of various small- and medium-scale companies catering to global and local demand. It is characterized by forwarding integration through raw material production, polypropylene manufacturing, and distribution to various application industries. Integration across the stages of the value chain results in continuous raw material supply as well as low manufacturing costs. R&D initiatives by a few companies to enhance their product specifications and expand the market reach are expected to further augment the product demand in the years to come. The market is found to be significantly fragmented owing to the presence of various manufacturers across the region., KEY MARKET SEGMENTS, By Product, Mineral Filled PP Compounds , Compounded TPO , Compounded TPV , Glass Reinforced , Others , By Application, Automotive , Building & Construction , Electrical & Electronics , Textiles , Others , By Country, GCC Countries , Saudi Arabia , UAE , Qatar , Oman , Kuwait , Bahrain , Egypt , Algeria , Morocco , South Africa, KEY MARKET PLAYERS, LyondellBasell Industries Holdings B.V. , Sumitomo Chemical Co., Ltd. , Mitsui Chemicals, Inc. , Solvay , Polyone Corporation , Repsol , SABIC , Exxon Mobil Corporation , Borealis AG , Saudi Polymers LLC , GAP Polymers.

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MEA Polypropylene Compounds Market

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