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Pulished Date April, 2021
ID: 10402
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Middle East and Africa Elastomers Market Segmentation By Type (Thermoset (Natural Rubber, Synthetic Rubber), and Thermoplastic (PEBA, SBC, TPO, TPU, TPV)), Application (Automotive, Consumer Goods, Medical, and Industrial) & By Region – Forecast to 2026

Pulished: April, 2021
ID: 10402
Pages: 120

The Middle East and Africa Elastomers Market are expected to grow at a CAGR of over 8% in the foreseen period between 2021and 2026.

Recent Developments in the Middle East and Africa Elastomers Market Industry:

  • Toray is foreseen to deliver Carbon fiber composite materials to all-electric air vehicles of Lilium. The Munich based company will be able to deliver clean regional air mobility by 2026.
  • Gurit will support the Indian wind energy industry with prominent funding and plans to increase investments in the Middle East nations in the future.
  • Polyplank involves in manufacturing and marketing wood products that are produced from recycled thermoplastics and organic fibers.

Impact of COVID-19 pandemic on the MEA Elastomers Market

The Middle East and Africa are one of the least affected regions by the coronavirus pandemic. But due to severe impacts in the western hemisphere, the majority of the investments were put on hold, and it has negatively affected the demand for Elastomers across various end-use industries such as aerospace & defense, automotive & transportation, wind energy, construction & infrastructure, and pipes & tanks. The disruption in the supply chain resulted in delays or non-arrival of raw materials, disrupted financial flows, and declining morale among production line workers have compelled aircraft and automobile manufacturers to operate at reduced or sometimes at zero capacities. This has led to a reduction in demand for Elastomers. However, the demand from the packaging industry increased in this period that led to more production of Elastomers. The market is expected to recover from 2021 onwards. The construction works which were supposed to be completed have been rescheduled and will likely be completed by a year later.

Drivers and Restraints of the Middle East and Africa Elastomers Market

The stringent policies regarding the environment have made it difficult for plastics and opened doors for the growth of the elastomers market in the Middle East and Africa. PE-based Elastomers is the highest contributor in the Middle East and African region, thus PE-based composited add to the overall growth of the industry. Surging demand for lightweight material in the automotive sector that will lead to fuel efficiency is also a growth factor. Composite materials also come with ease of maintenance, which is preferred in the manufacturing sector. The usage of Elastomers in aerospace, wind energy turbines is growing, and these options are often come cheap as compared to their counterparts that help in the growth of the industry. Environmental concerns have also raised the production of carbon-based Elastomers.

The elastomers market industry is affected by volatile prices and alternatives. The Middle East and African region are one of the largest markets of the Elastomers market but the Asian Pacific region is growing the fastest and more growth can be expected in the Asia Pacific. On top of this, the existing materials in the form of aluminum and steel are tried and tested and hold a firm grip in the market that restraints the growth. The mechanical strength of these elastomers is a major drawback that hinders the growth of the local industry.

The elastomers market has been segmented into the following categories until 2026.

On the basis of Type

1. Thermoset Elastomers

2. Thermoplastic Elastomers

On the basis of Application

  1. Automotive
  2. Consumer Goods
  3. Medical
  4. Industrial
  5. Electrical and Electronics

Wood-plastic composite materials are increasing demand in the Middle East region, especially the UAE. This surge in demand is likely to drive the WPC market in the area. The rapid urbanization that is taking place in many Saharan and Sub-Saharan regions has sparked a demand for inflexible materials and elastomers market. The aerospace industry is rapidly growing in the Middle East and Africa region triggering high demands for lightweight and rigid materials. In this scenario, the elastomers come in handy as it solves both the problems at an affordable price.

Middle East and Africa Elastomers Market Regional Analysis :

The Middle East and Africa are one of the largest markets for elastomers thanks to the huge investments in the pharmaceutical sector. Importance to safe packaging has increased and plastics are becoming second choices to the Elastomers.

The Middle East and Africa regulations are forcing OEMs to reduce the emissions of CO2 by vehicles and further regulations are expected towards the fuel products in the coming years. The UAE commercial infrastructure is a booming industry as it has taken up luxury projects in the past few years.

Qatar has also ramped up its infrastructure industry in the preparation for the upcoming global events, which has boosted the local industry.

Key players operating in the MEA Elastomers market are

  1. Polyplank
  2. Gurit
  3. Cytec Industries Inc.
  4. 3B-Fiberglass
  5. ResinTech Inc.,

 

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Type                              

                                5.1.1 Introduction           

                                5.1.2 Thermoset              

                                                5.1.2.1 Natural Rubber

                                                5.1.2.2 Synthetic Rubber

                                5.1.3 Thermoplastic        

                                                5.1.3.1 PEBA

                                                5.1.3.2 SBC

                                                5.1.3.3 TPO

                                                5.1.3.4 TPU

                                                5.1.3.5 TPV

                                5.1.4  Y-o-Y Growth Analysis, By Product              

                                5.1.5  Market Attractiveness Analysis, By Product            

                                5.1.6  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Automotive            

                                5.2.3 Consumer Goods 

                                5.2.4 Medical    

                                5.2.5 Industrial 

                                5.2.6 Y-o-Y Growth Analysis, By Application         

                                5.2.7 Market Attractiveness Analysis, By Application       

                                5.2.8 Market Share Analysis, By Application        

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Type

                                                6.1.3.3 By Application

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Type

                                                6.1.4.3 By Application

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Type

                                                6.1.5.3 By Application       

                6.6 Middle East & Africa               

                                6.5.1 Introduction           

                                6.5.2 Middle-East            

                                6.5.3 Africa         

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 Huntsman Corporation                          

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Lanxess AG                 

                8.3 ExxonMobil Corporation                       

                8.4 JSR Corporation                        

                8.5 The Dow Chemical Company                              

                8.6 Zeon Corporation                    

                8.7 Kuraray Co. Ltd.                        

                8.8 BASF SE                        

                8.9 Evonik Industries                     

                8.10 Arkema S.A.                             

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                           

                a) List of Tables                

                b) List of Figures 

  • Global,Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped

  • Segment-level analysis in terms of by type,by application,along with market size forecasts and estimations to detect key areas of industry growth in detail

  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics

  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis

  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development

  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment

  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions

  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

  1. MEA Elastomers Market By Region, From 2021-2026 ( USD Billion )

  2. MEA Elastomers Market By Type, From 2021-2026 ( USD Billion )

  3. MEA Thermoset Market By Region, From 2021-2026 ( USD Billion )

  4. MEA Natural Rubber Market By Region, From 2021-2026 ( USD Billion )

  5. MEA Synthetic Rubber Market By Region, From 2021-2026 ( USD Billion )

  6. MEA Thermoplastic Market By Region, From 2021-2026 ( USD Billion )

  7. MEA PEBA Market By Region, From 2021-2026 ( USD Billion )

  8. MEA SBC Market By Region, From 2021-2026 ( USD Billion )

  9. MEA TPO Market By Region, From 2021-2026 ( USD Billion )

  10. MEA TPU Market By Region, From 2021-2026 ( USD Billion )

  11. MEA TPV Market By Region, From 2021-2026 ( USD Billion )

  12. MEA Elastomers Market By Application, From 2021-2026 ( USD Billion )

  13. MEA Automotive Market By Region, From 2021-2026 ( USD Billion )

  14. MEA Consumer Goods Market By Region, From 2021-2026 ( USD Billion )

  15. MEA Medical Market By Region, From 2021-2026 ( USD Billion )

  16. MEA Industrial Market By Region, From 2021-2026 ( USD Billion )

 

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