Press Release

Middle East & Africa Aliphatic Polyester Polyols Market to Register a CAGR of 4.40% During 2024-30

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, cites MarkNtel Advisors in the recent research report.

The rising need for paints, coatings, adhesives, and sealants due to the surge in construction projects is increasing the demand for aliphatic polyester polyols in the Middle East and Africa. These chemical compounds are a preferred choice for the production of paints and coatings since they provide durability & increase the shelf life of the product. Therefore, the rising demand for fundamental buildings and construction materials is driving the Middle East and African Aliphatic Polyester Polyols Market.

Moreover, nations like Saudi Arabia, Kuwait, and others are gradually recognizing the need to reduce dependence on oil and diversify economic resources. As a result, the governments in these nations have implemented strategic plans, including infrastructural development, actively supporting infrastructure projects through significant investments. The substantial increase in construction project investments within these countries is amplifying the need for coatings, paints, and related products, thus, fueling the demand for Aliphatic Polyester Polyols in the Middle East and Africa region.

Moreover, governments in the Middle East and African countries are actively promoting the growth of their electronics industry by facilitating the establishment of multiple electronic product manufacturing facilities. This initiative is driving the demand for encapsulation materials in the region. Therefore, to meet the growing need for materials such as epoxies, urethanes, and silicone, local manufacturers are expected to scale up their production, leading to an increased demand for aliphatic polyester polyols in the coming years., further states the research report, “The Middle East & Africa Aliphatic Polyester Polyols Market, 2024.”

Segmentation Analysis

Polyurethane Foam Dominates the Middle East & Africa Aliphatic Polyester Polyols Market

Based on the Application segment, the market is further bifurcated into, Elastomers, Coatings, Adhesives & Sealants, Polyurethane Foam, and Others (Encapsulation and potting Compounds, Protective Films, etc.). Among them, Polyurethane Foam holds a dominant share in the Middle East & Africa Aliphatic Polyester Polyols Market. The advent of smart cities is fostering a rising demand for residential and commercial spaces, consequently generating a heightened requirement for furniture to furnish vacant spaces. As a result, there is a growing surge in the demand for Polyurethane foam to provide essential comfort and support.

Additionally, governments in the Middle East and African regions have introduced incentives and favorable policies, making it easier for global companies to establish their presence in these countries. This growing trend of international companies setting up commercial offices in the Middle East nations is expected to boost the demand for office furniture. Consequently, enhancing the share of Polyurethane foam in the Middle East and Africa Aliphatic Polyester Polyols Market in the coming years.

The UAE's Prominence in the Middle East & Africa Aliphatic Polyester Polyols Market

The UAE government has made substantial investments to set up medical facilities and testing centers. This upsurge in medical facility development is positively influencing the demand for paints, coatings, and Aliphatic Polyester Polyols, consequently bolstering the UAE's position in the Middle East & Africa Aliphatic Polyester Polyols Market. Furthermore, the Saudi Arabian government is advancing a circular carbon economy and laying out plans to establish wind farms and other power projects. These forthcoming projects are poised to significantly increase the demand for Aliphatic Polyester Polyols, thereby driving Saudi Arabia's share in the Middle East & Africa Aliphatic Polyester Polyols Market.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including (Mokarrar Engineering Materials, BaalBaaki Chemical Industries, Lanxess, Coim Group, BASF SE, Invista, Polyolstechnologies Private Limited, Quimidogra, Stephan Company, Esterpol, Others (Altek, Sadara Chemical Co, etc.)) are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?