Middle East and Africa Polyolefins Market

Middle East and Africa Polyolefins Market Size (2024-2029):

The Middle East and Africa Polyolefins Market is currently valued at USD 26.05 billion in 2024. The market is expected to grow at a CAGR of 7.2% over the forecast period to reach a valuation of USD 39.53 billion by the end of 2029.

Polyolefins are polymers that are mainly used in structural plastics, consumer goods, industrial products, and food packaging. They have a waxy texture and are exposed to water. Their odorless or non-porous qualities make them the perfect food packaging material. Polyolefins are favored over other metallic and non-metallic alternatives due to their lightweight, strength, and resistance to physical and chemical attacks.

Middle East and Africa Polyolefins Market Growth Drivers:

In the Middle East and Africa, the shale gas boom provided opportunities for the availability of cheaper raw materials, thereby expanding the profit margins for producers and thus boosting the industry. The market for polyolefin is expected to grow significantly in the future, boosted by the easy availability of raw materials in the Middle East and Africa and increased demand from the packaging and construction industries. Consumer, retail, and technological trends have contributed to a gradual shift from rigid packaging to flexible packaging in recent years. Flexible packaging provides convenience and durability, most of which are preferred by consumers. Busier lives, due to an increase in urbanization, have led consumers to choose compact and portable food products with easy-to-open packaging that create less waste.

Market Segmentation:

Middle East and Africa Polyolefins Market - By Type:

• Polyethylene
• Polypropylene
• Functional Polyolefins

Middle East and Africa Polyolefins Market - By Application:

• Film & Sheet
• Injection Molding
• Blow Molding
• Fibers & Raffia

Middle East and Africa Polyolefins Market Regional Existence:

The Middle East and Africa Polyolefins Market is already a huge market and has tremendous potential for growth. The region has huge installed plant capacities of polyolefins. The market is emerging in various countries like South Africa, Saudi Arabia, Egypt, etc. due to increasing industrial activity. A large number of emerging producers from the Middle East and Africa are expected to reduce import dependence and are expected to drive the market in the future.

Market Key Players:

1. SINOPEC CORPORATION
2. THE DOW CHEMICAL COMPANY
3. BOREALIS AG
4. BRASKEM SA
5. DOWDUPONT
6. ENI SPA
7. EXXON MOBIL CORPORATION
8. INEOS GROUP AG
9. LANXESS AG
10. LG CHEM LIMITED
11. LOTTE CHEMICAL CORPORATION,
12. LYONDELLBASELL INDUSTRIES NV