Middle East & Africa Polyurethane Market - Segmented by Application, End-user and Geography - Growth, Trends and Forecast (2018 - 2023)

  • ID: 4520104
  • Report
  • Region: Africa, East Africa, Middle East
  • 121 pages
  • Mordor Intelligence
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  • Chemtura Corp.
  • Covestro
  • DowDuPont
  • Huntsman Corp.
  • MCNS
  • MORE
The Middle East & Africa Polyurethane market is estimated to register a significant CAGR during the forecast period. Building and Construction was the largest end-user segment, in terms of demand for polyurethane, in 2017. Saudi Arabia is expected to hold the largest share of the market during the forecast period.

Growing Demand from Construction Industry to Propel Growth of the Market

Polyurethane, as rigid foam, has a significant role in the construction industry. The unique insulating property makes it useful for both new construction, and for the renovation of wall and roofing systems. Other than insulation, polyurethanes are used for waterproofing solutions in the construction industry. GCC countries, such as Saudi Arabia, Qatar, Bahrain, and Kuwait, are forecasting a positive trend for the construction industry in the near future. Construction of infrastructure is a significant part of Saudi Arabia’s development ambitions. With the collaboration between private and public construction sectors, Saudi Arabia is expected to show huge growth in the construction industry in the near future. South Africa, Algeria, Egypt, and Nigeria are some of the countries in the African region, which are expected to witness growth in the construction sector due to rising investments in infrastructure activities in the countries.

The construction industry in the Middle East & Africa is estimated to grow by 6.9% annually during 2016-2021, and the industry is mainly driven by the investments in energy, and residential and infrastructural construction projects.

Foams to hold the Largest Share of Applications Segment

Rigid polyurethane and polyisocyanurate (polyiso) foams create one of the world's most popular, energy-efficient, and versatile insulations. These foams can significantly cut energy costs, at the same time making commercial and residential properties more efficient and comfortable. Due to the increasing population in the Middle East & Africa region, local housing projects are gradually multiplying, and hence rigid foam for insulation purposes are expected to be in high demand. According to the Egyptian Ministry of Finance, the construction industry in Egypt is estimated to grow by 8% in 2016. The consumption of flexible foam is mainly driven by new housing projects; therefore there will be a huge demand for new furniture and mattresses. These rigid foams are extensively used in the construction and bedding industries in Middle East & Africa, and are expected to register a healthy growth on account of the growth in the key end-user industries.

Saudi Arabia is expected to hold a Majority of the Market in the Region

Booming construction and infrastructure industry in the country act as a major driver, propelling the growth of the polyurethane market. As of 2017, Saudi Arabia has projects worth approximately USD 250 billion, related to construction, in the pipeline. Saudi Arabia has as much work in the pre-execution phase as the GCC’s second and third-biggest markets combined. Apart from the above-mentioned end-user, automotive sector in the region is also expected to witness steady growth, thus indicating robust growth for the polyurethane market in the country.

Notable Developments in the Market
  • July, 2017: BASF SE lowers emissions in car interiors with improved polyether polyols
Major Players: Huntsman Corporation, BASF SE, Covestro, Kuwait Polyurethane Industries W.L.L, Poly Products L.L.C, DowDupont Inc., and Perfect Rubber Industries LLC, among others.

Reason to Purchase this Report
  • To Analyze various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating resin type, technology, end-user industry in the market
  • Identify the regions and countries, which are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report

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Note: Product cover images may vary from those shown
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  • Chemtura Corp.
  • Covestro
  • DowDuPont
  • Huntsman Corp.
  • MCNS
  • MORE
1. Introduction
1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables

2. Executive Summary

3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition

4. Raw Material Analysis

5. Market Dynamics
5.1 Drivers
5.1.1 Growing Demand from Bedding, Carpet & Cushioning Industry
5.1.2 Growing Demand from Construction Industry
5.1.3 Recyclable Products
5.2 Restraints
5.2.1 Volatile raw Material Prices
5.2.2 Competition from fiberglass and polystyrene foam
5.3 Opportunities
5.3.1 Innovative Product Approaches by Companies
5.3.2 Increasing Demand for Bio-based Polyurethane

6. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
6.1 By Application
6.1.1 Foams Rigid Foam Flexible Foam
6.1.2 Coatings
6.1.3 Adhesives & Sealants
6.1.4 Elastomers
6.1.5 Others
6.2 By End-user
6.2.1 Furniture & interiors
6.2.2 Building & Construction
6.2.3 Electronics & Appliances
6.2.4 Automotive
6.2.5 Footwear
6.2.6 Packaging
6.2.7 Others

7. Future of the Market

8. Regional Market Analysis (Market Size, Growth and Forecast)
8.1 Saudi Arabia
8.2 UAE
8.3 South Africa
8.4 Egypt
8.5 Kuwait
8.6 Qatar
8.7 Morocco
8.8 Rest of Middle East and Africa

9. Competitive Landscape
9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Market Share Analysis**
9.3 Strategies Adopted by Leading Players

10. Company Profiles (Overview, Financials**, Products & services, Recent Developments, and Analyst View)
10.1 BASF SE
10.2 Covestro
10.3 DowDuPont
10.4 Huntsman Corp.
10.5 Wanhua Industrial Group
10.6 Kuwait Polyurethane Industries W.L.L
10.7 Poly Products LLC
10.8 Perfect Rubber Industries LLC
10.9 Chemtura Corp.
10.10 Trelleborg AG
*List Not Exhaustive

11. Disclaimer
**Subject to availability of public domain
Note: Product cover images may vary from those shown
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  • Covestro
  • DowDuPont
  • Huntsman Corp.
  • MCNS
  • Wanhua Industrial Group
  • Kuwait Polyurethane Industries W.L.L
  • Poly Products L.L.C
  • Perfect Rubber Industries LLC
  • Armacell Enterprise GmbH & Co. KG
  • Chemtura Corp.
  • Trelleborg A.
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown