Middle East Polymer Market to Exhibit a Remarkable CAGR of 4.7% by 2030, Size, Share, Trends, Key Drivers, Demand, Opportunity Analysis and Competitive Outlook

The Middle East polymer market is expected to gain significant growth in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.7% in the forecast period of 2023 to 2030 and is expected to reach USD 75,295.96 million by 2030. The major factor driving the growth of the Middle East polymer market is the rising demand for polymer-based product from industries sector such as packaging materials, automotive, aerospace and marine and construction, among others.

Market Definition:

The polymer has many useful properties which make it suitable for various end-use industry applications. It has low strength and hardness but is very ductile and has good impact strength; it will stretch rather than break. Polymer-based products have a good electric insulator, offering electric treeing resistance but can become electrostatically charged. Hence, owing to these properties, the demand for polymers is gaining momentum in various industries such as automotive, electrical and electronics, food and beverage, and consumer goods. In the automotive industry, manufacturers are focusing on increasing the efficiency of vehicles by reducing their weight of the vehicles.

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Some of the prominent participants operating in the Middle East polymer market are SABIC, Lyondellbasell Industries Holdings B.V, BASF SE, Sumitomo Chemical Co. Ltd., Saudi Polymer LLC, Qatar Petrochemical Company (QAPCO)Q. P.J.S.C, Venus Petrochemicals (Bombay) Pvt. Ltd, Middle East Polymers & Chemicals L.L.C, Petro Rabigh, Exxon Mobil Corporation, Borouge, Reliance Industries Limited, among others.

Competitive Landscape Middle East Polymer Market Share Analysis:

Middle East polymer market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product approvals, patents, product width and breadth, application dominance, product lifeline curve. The above data points provided are only related to the companies' focus related Middle East polymer market.

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