MEA Polyurethane Market

MEA Polyurethane Market Size, Share, Growth Analysis, By Product(MEA polyurethane market for automotive industry size from flexible foams will expect growth rate close to 4.5% by the end of forecast period. These products are gaining huge popularity in the automobile sector owing to its superior properties such as versatility, cost-efficient), By Application(MEA polyurethane market for automotive industry size from seat foams will register significant gains close to 5% by the end of 2024. PU based seat foams provides flexibility to the auto manufacturers in creating effective and stylish designs along with complete passenger safety. The rigid and flexible foams incorporated into car seats reduce the foam density of seat cushions along with providing excellent pressure distribution properties. MEA PU market for automotive industry demand from door panels should surpass USD 50 million by the end of forecast period. PU products combined with natural fiber mats provides various advantages such high stiffness and reliability along with impact and corrosion resistance and energy savings.), By Vehicle Type(MEA polyurethane market for automotive industry size from passenger vehicles may register growth close to 4.5% over the foreseeable timeframe. Increasing penetration of passenger cars in the region owing to improved economic conditions coupled with high growth in young population and their changing lifestyle patterns will propagate vehicle demand, thereby driving Middle East & Africa PU market for automotive industry size. MEA PU market for automotive industry demand from light commercial vehicles may expect significant gains at over 4.5% by the end of 2024. The demand for PU products in LCV is increasing at a very fast pace owing to rising environmental concerns resulting from heavy fuel emissions and metallic body parts along with stringent standards in the region has promulgated product demand in the region.), By End-Use(MEA polyurethane market for automotive industry demand from OEM may register significant growth close to 4.5% by the end of 2024. Increasing automotive vehicle production in Iran, Egypt and Morocco have led to increased usage of polyurethane products by OEM’s to cut manufacturing cost), By Country(Iran polyurethane market for automotive industry demand should register significant growth at over 4.5% over the forecast period. Rising demand for personal vehicles along with strong investments in transport infrastructure facilities will stimulate the transport sector in the country. Additionally, easy access to vehicle finance is promulgating the purchase of vehicles. Iran is the second largest economy in the MEA region followed by Saudi Arabia with better economic conditions and higher GDP.) - Industry Forecast 2024-2031


Report ID: UCMIR15E2546 | Region: Regional | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

MEA Polyurethane Market Insights

Market Overview:

The Middle East & Africa (MEA) polyurethane market for the automotive industry demonstrated substantial growth, surpassing a valuation of USD 270 million in 2017. The industry is poised for further expansion, with projected consumption exceeding 91 kilo tons by 2024. This growth can be attributed to the increasing demand for lightweight and durable materials in automotive manufacturing. Polyurethane, known for its versatility and superior mechanical properties, is witnessing heightened adoption for applications such as interior components, exterior panels, and cushioning materials. The market's evolution is also driven by factors like rising disposable income, urbanization, and technological advancements in the automotive sector across the MEA region. As automotive manufacturers seek innovative solutions to enhance efficiency and sustainability, the MEA polyurethane market is expected to play a pivotal role in shaping the future of automotive materials.

MEA Polyurethane 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 Specialty Chemicals by segment aggregation, the contribution of the Specialty 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.

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FAQs

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

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

The MEA Polyurethane Market is segmented on the basis of Product, Application, Vehicle Type, End-Use, Country.

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

The key players operating in the MEA Polyurethane Market are BASF, Borealis, Huntsman, Dow Chemical, Dupont, Poly Products, Bayer, Johnson Controls, Deltachem Middle East, Raha Oman..

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MEA Polyurethane Market

Product ID: UCMIR15E2546

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