The Middle East & Africa Aliphatic Polyester Polyols Market size was valued at USD 2.11 billion in 2022 & is estimated to grow at a CAGR of around 4.40% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Middle East & Africa Aliphatic Polyester Polyols Market Driver:
Rising Hotels Construction in the Countries to Augment the Requirement for Paints & Coatings – Over the past few years, tourism in Middle East & African countries has significantly increased due to the rise in recreational activities or sports events like FIFA World Cup, Auto Expo, etc. In addition, these countries also hold cultural importance due to the presence of religious sites in Middle Eastern countries like Saudi Arabia, Oman, etc. As a result, several foreign travelers visit the country for its cultural heritage exploration.
According to the Ministry of Tourism Saudi Arabia, in 2022, the country witnessed around 93.5 million foreign & domestic tourists. Similarly, according to the UAE’s Ministry of Tourism, in 2022, the country welcomed approximately 14 million foreign tourists. This significant surge in inbound foreign travelers is uplifting the demand for accommodation facilities. Thus, several hotel groups like Radisson Blu, W Hospitality Group, etc., are expanding their hotels, boosting the need for building & construction materials. For instance,
In 2023, the hotel group Radisson Blu announced its plans to construct more than 7 hotels in the country as a part of its market expansion plans.
This surge in the construction of hotels & resorts is facilitating requirements for paints, coatings, sealants, etc., hence, driving the Middle East & African aliphatic Polyester Polyols Market.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Middle East & Africa Aliphatic Polyester Polyols Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Polyester Polyether Polyols (PEP) – Market Size & Forecast 2019-2030F, Thousand Tons
- Polycaprolactone Polyols (PCL) – Market Size & Forecast 2019-2030F, Thousand Tons
- Polycarbonate Polyols – Market Size & Forecast 2019-2030F, Thousand Tons
- Adipate Polyols – Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Azelaic Polyols, Sebacate Polyols, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
- By Manufacturing Process
- Esterification – Market Size & Forecast 2019-2030F, Thousand Tons
- Ring-Opening Polymerization (ROP) – Market Size & Forecast 2019-2030F, Thousand Tons
- Transesterification – Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Polyaddition, Biological Synthesis, etc.) – Market Size & Forecast 2019-2030F, Thousand Tons
- By Application
- Elastomers- Market Size & Forecast 2019-2030F, Thousand Tons
- Coatings- Market Size & Forecast 2019-2030F, Thousand Tons
- Adhesives & Sealants- Market Size & Forecast 2019-2030F, Thousand Tons
- Polyurethane Foam- Market Size & Forecast 2019-2030F, Thousand Tons
- Flexible- Market Size & Forecast 2019-2030F, Thousand Tons
- Rigid- Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Encapsulation & Potting Compounds, Protective Films, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
- By End Users
- Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
- Aerospace – Market Size & Forecast 2019-2030F, Thousand Tons
- Electronics- Market Size & Forecast 2019-2030F, Thousand Tons
- Building & Construction- Market Size & Forecast 2019-2030F, Thousand Tons
- Packaging- Market Size & Forecast 2019-2030F, Thousand Tons
- Others (Furniture, Marine, etc.) – Market Size & Forecast 2019-2030F, Thousand Tons
- By Country
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Bahrain
- Egypt
- South Africa
- Rest of The Middle East & Africa
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Mokarrar Engineering Materials, BaalBaaki Chemical Industries, Lanxess , Coim Group, BASF SE, Invista, Polyolstechnologies Private Limited, Quimidogra, Stephan Company, Esterpol, Others, looking forward to strengthening their market positions.
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