Middle East and Africa Polyisobutylene Market Growth and Analysis by 2028
Middle East and Africa Polyisobutylene Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Molecular Weight (Low, Medium, and High), Product (Conventional PIB, and Highly Reactive PIB), Application (Tires, Industrial Lubes and Lube Additives, Fuel Additives, Adhesives and Sealants, and Others), End User Industry (Industrial, Food, and Others)
- Status : Published
- Report Code : TIPRE00014209
- Category : Chemicals and Materials
- No. of Pages : 125
- Available Report Formats :
- Last update date : February 12, 2022
2021 Market Size
US$ 130.0 Mn
Base year value
2028 Forecast
US$ 168.5 Mn
Projected by 2028
CAGR 2022-2028
3.8 %
Growth rate
Addressable Market
US$ 1,059.35 Mn
(2022-2028)
The Middle East & Africa polyisobutylene market is expected to reach US$ 168.5 million by 2028 from US$ 130.0 million in 2021. The market is estimated to grow at a CAGR of 3.8% from 2021–2028.
Demand for polyisobutylene in Middle East & Africa market is expected to grow on account of presence of established leading automotive manufacturers such as Tesla Inc. and Ford Motors which are focused on research and development activities. Moreover, numerous cosmetics and personal care companies like Procter and Gamble, Maybelline, Colgate-Palmolive, Unilever, Avon, Johnson & Johnson present in the region are also expected to create lucrative opportunities for the manufacturers operating in the polyisobutylene market. Increasing investments by petrochemical giants in research and development activities for innovative eco-friendly products is likely to accelerate the market growth in the region. Additionally, increasing demand for packaging in the pharmaceutical industry to preserve the effectiveness of drugs is projected to augment market growth over the forecast period. Demand for polyisobutylene in the manufacturing hubs is expected witness a substantial growth owing to increasing investments by the petrochemical companies.
Saudi Arabia has the largest COVID-19 cases in the Middle East and Africa region, and is followed by South Africa and UAE, among others. UAE was the first country in Middle East and Africa to report a confirmed case of coronavirus. The government of MEA is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. Such closures are anticipated to negatively impact market growth in the coming period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the polyisobutylene market. The Middle East & Africa polyisobutylene market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa Polyisobutylene Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Polyisobutylene Market Segmentation
By Molecular Weight
- Low
- Medium
- High
By Product
- Conventional PIB
- Highly Reactive PIB
By Application
- Tires
- Industrial Lubes and Lube Additives
- Fuel Additives
- Adhesives and Sealants
- Other Application
By End User
- Industrial
- Food
- Others
By Country
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Companies Mentioned
- BASF SE
- Braskem S.A.
- The Lubrizol Corporation
- TPC Group
- Kemat Polybutenes
Middle East and Africa Polyisobutylene Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 130.0 Million |
| Market Size by 2028 | US$ 168.5 Million |
| CAGR (2021 - 2028) | 3.8% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Molecular Weight
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
- Comprehensive Market Sizing and Forecast Analysis
- Detailed Segmentation Analysis
- In-Depth Market Dynamics Assessment
- Regional and Country-Level Insights
- Competitive Landscape and Company Benchmarking
- Strategic Business Intelligence
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