Market Research Report

Middle East & Africa Aliphatic Polyester Polyols Market Research Report: Forecast (2024-2030)

Middle East & Africa Aliphatic Polyester Polyols Market - By Type (Polyester Polyether Polyols [PEP], Polycaprolactone Polyols [PCL], Polycarbonate Polyols, Adipate Polyols, Others...), By Manufacturing Process (Esterification, Ring-Opening Polymerization [ROP], Transesterification, Others), By Application (Elastomers, Coatings, Adhesives & Sealants, Polyurethane Foam, Others), By End Users (Automotive, Aerospace, Electronics, Building & Construction, Packaging, Others) and Others Read more

  • Chemicals
  • Nov 2023
  • 165
  • CM10304

Market Definition

Aliphatic Polyester Polyols refer to chemical compounds that are used in the production of various polyurethane-based products, including coatings, adhesives, sealants, elastomers, and polyurethane foams. The increasing demand for these products in a wide range of industries like automotive, construction, aerospace & packaging is driving the market growth.

Market Insights & Analysis: The Middle East & Africa Aliphatic Polyester Polyols Market (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. The factors attributing to the growth in the demand for aliphatic polyester polyols are the rising demand for paints, coatings, adhesives & sealants due to the rise in construction projects in the Middle East & Africa countries. Aliphatic Polyester Polyols provide durability & UV resistance, as a result, they are essentially used for the manufacturing of paints & coatings. Thus, the increase in the demand for these building & construction materials is driving the Middle East & Africa Aliphatic Polyester Polyols Market. Nations like Saudi Arabia, the UAE, Kuwait, etc., are mitigating their dependence on oil to diversify their economic resources. As a result, the government across the region has been facilitating infrastructure development by investing in construction projects. For instance,

  • In 2022, the government of the UAE announced its plan to invest around USD23 Billion in the infrastructural development projects of the country.
Report Coverage Details
Study Period Historical Data: 2019-22
Base Year: 2023
Forecast Period: 2024-30
CAGR (2024-2030) 4.40%
Countries Covered The UAE, Saudi Arabia, Qatar, Kuwait, Bahrain, Egypt, South Africa, Rest of The Middle East & Africa
Key Companies Profiled Mokarrar Engineering Materials, BaalBaaki Chemical Industries, Lanxess , Coim Group, BASF SE, Invista, Polyolstechnologies Private Limited, Quimidogra, Stephan Company, Esterpol, Others,
Market Value (2022) USD 2.11 Billion

 

This surging investment in the construction projects of the countries is augmenting the demand for the coatings, paints, etc., consequently driving the requirement for the Aliphatic Polyester Polyols in the Middle East & Africa Region.

In addition, the governments of countries like the UAE, Saudi Arabia, etc., are positioning themselves as the automotive manufacturing hub by encouraging the set-up of automotive units in their countries. Several automotive vehicle manufacturers like M Glory Holding Group, Lucid Motors, etc., are setting up their production bases in these countries, facilitating the requirement for automotive paints, and aliphatic polyester polyols. For instance,

  • In 2022, the government of Saudi Arabia announced the establishment of an automotive manufacturing unit in the country and expanded the production of cars to more than 3,00,000 by 2030.

Furthermore, the governments of the Middle East and African nations are focusing on strengthening their electronics industry by establishing several manufacturing units, which would boost the demand for encapsulation materials like epoxies, urethanes, and silicone, consequently, enhancing the requirement for aliphatic polyester polyols in the forthcoming years.


Middle East & Africa Aliphatic Polyester Polyols Market Research Report: Forecast (2024-2030)

The 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.

The Middle East & Africa Aliphatic Polyester Polyols Market Opportunity:

Growing Government Investment in the Automotive Industry to Boost the Demand for Aliphatic Polyester Polyols– Over the years, the Middle East & African nations depended on imports from Japanese & European car manufacturers to cater to the growing demand for automotive vehicles like passenger cars, light trucks, heavy commercial vehicles, etc. Therefore, to minimize the reliance on imports & strengthen its automotive sector, the governments of nations like the UAE, Saudi Arabia, etc., are laying out initiatives & investing heavily to set up new manufacturing units in the Middle Eastern and African countries. For instance,

  • In 2022, the M Glory Holding Group announced the opening of its new Electric Vehicle manufacturing unit in the UAE.

This increasing establishment of automotive manufacturing units in the Middle Eastern & African countries is augmenting the demand for automotive paints and aliphatic Polyester Polyols.

Moreover, the increasing government focus on sustainable transportation as a part of the climate change program is facilitating the set-up of new electric vehicle manufacturing units. Therefore, the set-up of new units would uplift the Middle East & Africa Aliphatic Polyester Polyols Market in the foreseen years.

The Middle East & Africa Aliphatic Polyester Polyols Market Challenge:

Unavailability of Raw Materials & High Production Costs Hinder the Market Growth – Aliphatic Polyester Polyols are manufactured using different production methods like esterification, Ring-Opening Polymerization, etc., which require an extensive range of raw materials. The Middle East & African countries rely on Asia-Pacific countries like India, China, etc., for the raw materials & feedstock. As a result, the prices of those raw materials are highly volatile & are prone to fluctuation based on their prices in the International Market. The different charges like custom duties and other taxes applied on the raw material trade make them more expensive, as a result, the end-users like paint & coatings companies tend to use alternatives in place of the Aliphatic polyester polyols, thereby limiting their market.

Further, the availability of alternative options like aromatic polyester polyols, polyether polyols, and bio-based polyols at relatively lower prices is facilitating the end-users to switch to these solutions, hindering the Middle East & Africa Aliphatic Polyester Polyols Market.

The Middle East & Africa Aliphatic Polyester Polyols Market Trend:

Rising Inclination Towards E-Commerce Amplifying the Requirement for Flexible Packaging Materials– In recent years, internet penetration in the Middle Eastern countries like Kuwait, Bahrain, etc., has significantly increased due to the increasing government investments in digital infrastructure upgradation. According to the Ministry of Communications and Information Technology Egpyt, in 2023 active internet users in the country have increased by about 1.4 million. The improved connectivity & easy access to the internet in these nations have led to the emergence of several e-commerce platforms in the country. For instance,

  • In 2022, the online shopping platform Kemitt announced to launch of its Business to Business (B2B) platform to diversify its offerings in Egypt.

 In addition, the rising inclination of consumers towards online shopping due to the advantages it offers over traditional shopping & changing consumer behavior is leading to the surge in online shopping. This significant rise in online shopping is increasing the requirement for plastic packaging materials to ensure the safe packaging of deliverables. Thus, the rising need for packaging material is leading to a healthy growth for the Aliphatic Polyester Polyols Market.

The Middle East & Africa Aliphatic Polyester Polyols Market (2024-30): Segmentation Analysis

The Middle East & Africa Aliphatic Polyester Polyols Market study of MarkNtel Advisors evaluates & highlights the major trends & influencing factors in each segment. It also includes predictions for the period 2024–2030 at the regional level. Based on the analysis, the market has been further classified as:

Based on Application:

  • Elastomers
  • Coatings
  • Adhesives & Sealants
  • Polyurethane Foam
    • Flexible
    • Rigid
  • Others (Encapsulation & Potting Compounds, Protective Films, etc)

The emergence of smart cities in the Middle East & African region is increasing the need for residential and commercial spaces. As a result, there is an increase in the demand for furniture to furnish these spaces. The flexible & rigid foam pose as a cushioning and padding material for furniture products, such as sofas, chairs, mattresses, and cushions. Therefore, with a rise in the requirement for these furniture products, the demand for polyurethane foam to provide the necessary comfort and support also increases, consequently enhancing the share of Polyurethane form in the Middle East & Africa Aliphatic Polyester Polyols Market.

Further, the incentives and government favorable policies such as 100% foreign ownership, zero value-added, and no sales tax across the Middle East & African region offer global companies ease to set up their business in the country. As a result, several international companies like ArbayAds, and Baker Hughes are setting up their commercial office in the country, supplementing the demand for office furniture and thus thereby enhancing the share of Polyurethane form in the Middle East & African aliphatic Polyester Polyols Market.

Based on End Users:

  • Automotive
  • Aerospace
  • Electronics
  • Building & Construction
  • Packaging
  • Others (Furniture, Marine, etc.)

Surging net disposable income, an increasingly tech-savvy population, digital infrastructure development, and government initiatives to promote technology adoption have led to a surge in demand for electronics products in the Middle East & African countries. However, the absence of local production capabilities has led the countries to be dependent on the import of electronic goods from countries like China & India. As a result, electronic products & their components are relatively expensive in these countries. Hence, to minimize the price volatility, governments across the region are encouraging the set-up of electronics manufacturing units. For instance,

  • In 2023, Foxconn Technology Group announced its plans to establish an electronics manufacturing company in Saudi Arabia to produce microchips, electric vehicle components, and other electronics components.

These electronic components use polyols to protect them from environmental factors such as moisture, dust, chemicals & physical damage to extend the lifespan of these electronics. Hence, the set-up of the electronics units to expand the production of electronic components is increasing the share of Electronics in the Middle East & Africa Aliphatic Polyester Polyols Market.

The Middle East & Africa Aliphatic Polyester Polyols Market (2024-30): Regional Projections

Geographically, the Middle East & Africa Aliphatic Polyester Polyols Market expands across:

  • The UAE
  • Saudi Arabia
  • Qatar
  • Kuwait
  • Bahrain
  • Egypt
  • South Africa
  • Rest of The Middle East & Africa

The government in the UAE has been investing heavily in developing medical facilities and testing centers in the country. According to the World Bank, the country’s overall healthcare expenditure has increased from nearly 4.3% of its GDP in 2019 to 5.64% in 2020. In line with this, the government is also encouraging private hospital groups such as Mayo Clinic, Aster DM Healthcare, and many others to establish world-class hospitals and attract medical tourists to the country. For instance,

  • In 2022, Aster DM Healthcare inaugurated its 100-bed multi-specialty hospital in Sharjah to enhance the healthcare facility in the UAE.

The rise in the development of these medical facilities is positively impacting the requirement for paints & coating and Aliphatic Polyester Polyols, consequently enhancing the share of the UAE in The Middle East & Africa Aliphatic Polyester Polyols Market.

In addition, the government of Saudi Arabia is promoting a circular carbon economy and laying out initiatives like the Saudi Green Initiative to utilize renewable energy resources rather than conventional fossil fuels to reduce its carbon emissions and meet its climate goal of attaining net zero carbon emission by 2060. These upcoming projects in the country would ramp up the requirement for Aliphatic Polyester Polyols, consequently surging the share of Saudi Arabia in the Middle East & Africa Aliphatic Polyester Polyols Market.

The Middle East & Africa Aliphatic Polyester Polyols Industry Recent Development:

  • In 2023, Lanxess announced venture with DSM Engineering Materials for manufacturing High-Performance Materials (HPM). The collaboration would provide high-performance solutions for industries, such as automotive and new mobility, electronics and electrical, and consumer goods sectors.

Gain a Competitive Edge with Our The Middle East & Africa Aliphatic Polyester Polyols Market Report

  • The Middle East & Africa Aliphatic Polyester Polyols Market Report by MarkNtel Advisors provides a detailed & thorough analysis of market size & share, growth rate, competitive landscape, and key players. This comprehensive analysis helps business organizations to gain a holistic understanding of the market dynamics & to make informed decisions.
  • This report also highlights current market trends & future projections, allowing business organizations to identify emerging opportunities & potential challenges. By understanding market forecasts, companies can align their strategies & stay ahead of the competition.
  • The Middle East & Africa Aliphatic Polyester Polyols Market Report aids in assessing & mitigating risks associated with entering or operating level in the market. By understanding market dynamics, regulatory frameworks, and potential challenges, business organizations can develop strategies to minimize risks & optimize their operations.

Frequently Asked Questions

   A. The Middle East & Africa Aliphatic Polyester Polyols Market is expected to grow at a compound annual growth rate (CAGR) of 4.40% from 2024 to 2030.

   A. The Middle East & Africa Aliphatic Polyester Polyols Market size was estimated at USD 2.11 billion in 2022.

   A. Rising hotel construction in the Middle East & African region is expected to drive the Middle East & Africa Aliphatic Polyester Polyols Market during 2024-30.

   A. Some of the prominent players are Mokarrar Engineering Materials, BaalBaaki Chemical Industries, Lanxess, Coim Group, BASF SE, Invista, Polyolstechnologies Private Limited, Quimidogra, Stephan Company, Esterpol, and Others (Altek, Sadara Chemical Co, etc.)

   A. Electronics hold the largest share in the Middle East & Africa Aliphatic Polyester Polyols Market.

   A. The UAE would present growth prospects in the Middle East & Africa Aliphatic Polyester Polyols Market during 2024-30.

   A. Rising inclination towards e-commerce is the key trend shaping the growth of the Middle East & Africa Aliphatic Polyester Polyols Market.

   A. Growing government investment in the automotive industry is the growth opportunity driving the Middle East & Africa Aliphatic Polyester Polyols Market.

  1. Market Segmentation
  2. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
  3. Executive Summary
  4. The Middle East & Africa Aliphatic Polyester Polyols Market Import & Export Analysis, By Country
  5. The Middle East & Africa Aliphatic Polyester Polyols Market Trends & Developments
  6. The Middle East & Africa Aliphatic Polyester Polyols Market Supply Chain Analysis
  7. The Middle East & Africa Aliphatic Polyester Polyols Market Dynamics
    1. Drivers
    2. Challenges
  8. The Middle East & Africa Aliphatic Polyester Polyols Market Hotspot & Opportunities
  9. The Middle East & Africa Aliphatic Polyester Polyols Market Regulations and Policy
  10. The Middle East & Africa Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Size & Analysis
      1. By Type
        1. Polyester Polyether Polyols (PEP) - Market Size & Forecast 2019-2030F, Thousand Tons
        2. Polycaprolactone Polyols (PCL) - Market Size & Forecast 2019-2030F, Thousand Tons
        3. Polycarbonate Polyols - Market Size & Forecast 2019-2030F, Thousand Tons
        4. Adipate Polyols - Market Size & Forecast 2019-2030F, Thousand Tons
        5. Others (Azelaic Polyols, Sebacate Polyols, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process
        1. Esterification - Market Size & Forecast 2019-2030F, Thousand Tons
        2. Ring-Opening Polymerization (ROP) - Market Size & Forecast 2019-2030F, Thousand Tons
        3. Transesterification - Market Size & Forecast 2019-2030F, Thousand Tons
        4. Others (Polyaddition, Biological Synthesis, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application
        1. Elastomers- Market Size & Forecast 2019-2030F, Thousand Tons
        2. Coatings- Market Size & Forecast 2019-2030F, Thousand Tons
        3. Adhesives & Sealants- Market Size & Forecast 2019-2030F, Thousand Tons
        4. Polyurethane Foam- Market Size & Forecast 2019-2030F, Thousand Tons
          1. Flexible- Market Size & Forecast 2019-2030F, Thousand Tons
          2. Rigid- Market Size & Forecast 2019-2030F, Thousand Tons
        5. Others (Encapsulation & Potting Compounds, Protective Films, etc.)- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users
        1. Automotive- Market Size & Forecast 2019-2030F, Thousand Tons
        2. Aerospace - Market Size & Forecast 2019-2030F, Thousand Tons
        3. Electronics- Market Size & Forecast 2019-2030F, Thousand Tons
        4. Building & Construction- Market Size & Forecast 2019-2030F, Thousand Tons
        5. Packaging- Market Size & Forecast 2019-2030F, Thousand Tons
        6. Others (Furniture, Marine, etc.) - Market Size & Forecast 2019-2030F, Thousand Tons
      5. By Country
        1. The UAE
        2. Saudi Arabia
        3. Qatar
        4. Kuwait
        5. Bahrain
        6. Egypt
        7. South Africa
        8. Rest of The Middle East & Africa
      6. By Competition
        1. Competition Characteristics
        2. Market Share & Analysis
  11. The UAE Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  12. Saudi Arabia Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  13. Qatar Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  14. Kuwait Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  15. Bahrain Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  16. Egypt Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  17. South Africa Aliphatic Polyester Polyols Market Outlook, 2019-2030F
    1. Market Size & Analysis
      1. By Revenues (USD Million)
      2. By Quantity Sold (Thousand Tons)
    2. Market Share & Analysis
      1. By Type- Market Size & Forecast 2019-2030F, Thousand Tons
      2. By Manufacturing Process- Market Size & Forecast 2019-2030F, Thousand Tons
      3. By Application- Market Size & Forecast 2019-2030F, Thousand Tons
      4. By End Users- Market Size & Forecast 2019-2030F, Thousand Tons
  18. The Middle East & Africa Aliphatic Polyester Polyols Market Key Strategic Imperatives for Success and Growth
  19. Competitive Outlook
    1. Company Profiles 
      1. Mokarrar Engineering Materials
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      2. BaalBaaki Chemical Industries
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      3. Lanxess
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      4. Coim Group
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      5. BASF SE
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      6. Invista
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      7. Polyolstechnologies Private Limited
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      8. Quimidogra
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      9. Stephan Company
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      10. Esterpol
        1. Business Description
        2. Product Portfolio
        3. Strategic Alliances or Partnerships
        4. Recent Developments
        5. Financial Details
        6. Others
      11. Others (Altek, Sadara Chemical Co, etc.)
  20. Disclaimer


Middle East & Africa Aliphatic Polyester Polyols Market Segmentation