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Report
Middle East and Africa Olefins and Aromatics Market
Market Report I 2024-07-01 I 277 Pages I Data Bridge Market Research
The Middle East and Africa olefins and aromatics market is expected to reach USD 89.82 billion by 2031 from USD 59.16 billion in 2023, growing with a substantial CAGR of 5.49% in the forecast period of 2024 to 2031.
Market Segmentation:
Middle East and Africa Olefins and Aromatics Market, By Product (Ethylene, Propylene, Xylene, Benzene, Toluene, and Butadiene), Vertical (Packaging, Building and Construction, Automotive, Electronics and Electricals, Household, Healthcare, Agriculture, and Others), Countries (Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of Middle East and Africa) - Industry Trends and Forecast To 2031
Overview of Middle East and Africa Olefins and Aromatics Market Dynamics:
Drivers
- Growing demand for olefins in various end-use industries
- Rise in demand for aromatic compounds by the paints & coatings industry
Restraint
- Volatility in raw material prices
Opportunity
- Advancements and innovations in production technologies and methods
Market Players:
The key players operating in the Middle East and Africa olefins and aromatics market market are:
- Exxon Mobil Corporation
- Shell plc
- Repsol
- SABIC
- Sasol
- Dow
- Chevron Phillips Chemical Company LLC
- LyondellBasell Industries Holdings B.V.
- ORLEN
- Mitsubishi Chemical Group Corporation
- Gadiv Petrochemical Industries (A subsidiaries of Bazan Group)
- Evonik Industries AG
1 INTRODUCTION 39
1.1 OBJECTIVES OF THE STUDY 39
1.2 MARKET DEFINITION 39
1.3 OVERVIEW 39
1.4 LIMITATIONS 40
1.5 MARKETS COVERED 40
2 MARKET SEGMENTATION 46
2.1 MARKETS COVERED 46
2.2 GEOGRAPHICAL SCOPE 47
2.3 YEARS CONSIDERED FOR THE STUDY 48
2.4 CURRENCY AND PRICING 48
2.5 DBMR TRIPOD DATA VALIDATION MODEL 49
2.6 MULTIVARIATE MODELING 52
2.7 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 53
2.8 DBMR MARKET POSITION GRID 54
2.9 DBMR VENDOR SHARE ANALYSIS 55
2.10 SECONDARY SOURCES 56
2.11 ASSUMPTIONS 57
3 EXECUTIVE SUMMARY 58
4 PREMIUM INSIGHTS 63
4.1 PESTEL ANALYSIS 64
4.1.1 POLITICAL FACTORS 64
4.1.2 ECONOMIC FACTORS 64
4.1.3 SOCIAL FACTORS 64
4.1.4 TECHNOLOGICAL FACTORS 65
4.1.5 ENVIRONMENTAL FACTORS 65
4.1.6 LEGAL FACTORS 65
4.2 PORTER'S FIVE FORCES 66
4.2.1 THREAT OF NEW ENTRANTS 66
4.2.2 BARGAINING POWER OF SUPPLIERS 66
4.2.3 BARGAINING POWER OF BUYERS 67
4.2.4 THREAT OF SUBSTITUTES 67
4.2.5 INDUSTRY RIVALRY 67
4.3 VALUE CHAIN ANALYSIS 68
4.3.1 RAW MATERIAL EXTRACTION 68
4.3.2 FEEDSTOCK PROCESSING 68
4.3.3 OLEFIN AND AROMATIC PRODUCTION 68
4.3.4 DERIVATIVES PRODUCTION 69
4.3.5 POLYMER PRODUCTION 69
4.3.6 DOWNSTREAM PROCESSING AND FABRICATION 69
4.3.7 DISTRIBUTION AND RETAIL 69
4.3.8 END-USER APPLICATIONS 69
4.4 VENDOR SELECTION CRITERIA 70
4.4.1 QUALITY AND CONSISTENCY OF SUPPLY 70
4.4.2 RELIABILITY AND TIMELINESS 71
4.4.3 COST COMPETITIVENESS 71
4.4.4 TECHNICAL CAPABILITY AND INNOVATION 71
4.4.5 REGULATORY COMPLIANCE AND SUSTAINABILITY 71
4.4.6 FINANCIAL STABILITY 71
4.4.7 CUSTOMER SERVICE AND SUPPORT 71
4.5 COLLABORATIVE EFFORTS TO ADDRESS ENVIRONMENTAL CONCERNS AND PROMOTE THE CIRCULAR ECONOMY 72
4.5.1 KEY AREAS OF COLLABORATION 72
4.5.1.1 PUBLIC-PRIVATE PARTNERSHIPS: 72
4.5.1.2 INTERGOVERNMENTAL COOPERATION: 72
4.5.1.3 INDUSTRY COLLABORATION: 72
4.5.1.4 COMMUNITY ENGAGEMENT: 72
4.5.2 INSTANCES OF SUCCESSFUL COLLABORATIVE INITIATIVES 72
4.5.2.1 THE ELLEN MACARTHUR FOUNDATION: 72
4.5.2.2 CIRCULAR CITIES: 72
4.5.2.3 MIDDLE EAST AND AFRICA RECYCLING DAY: 73
4.5.3 CHALLENGES AND OPPORTUNITIES 73
4.5.3.1 CHALLENGES: 73
4.5.3.2 OPPORTUNITIES: 73
4.6 ASIA-PACIFIC AND SOUTH EAST ASIA PRODUCTION PROJECTIONS FOR OLEFINS AND AROMATICS 74
4.6.1 INCREASING PRODUCTION PROJECTIONS FOR OLEFINS 74
4.6.2 FACTORS BEHIND INCREASING OLEFIN PRODUCTION 74
4.6.3 INCREASING PRODUCTION PROJECTIONS FOR AROMATICS 75
4.6.4 FACTORS BEHIND INCREASING AROMATIC PRODUCTION 75
4.7 PRICE ANALYSIS SCENARIO 77
4.7.1 RAW MATERIALS PRICE ANALYSIS 77
4.7.2 NAPHTHA 77
4.7.3 CRUDE OIL 77
4.7.4 NATURAL GAS 78
4.7.5 COAL 79
4.8 PRODUCTION CONSUMPTION ANALYSIS 80
4.9 MANUFACTURING COST SCENARIO 81
4.9.1 FUTURE IMPACT ON MARKET SHARE 81
4.10 MANUFACTURING PROCESS OF OLEFINS 82
4.11 MARKET CHANGES/CURRENT EVENTS 83
4.12 RECENT DEVELOPMENTS 85
4.13 SUPPLY CHAIN ANALYSIS 87
4.13.1 OVERVIEW 87
4.13.2 LOGISTIC COST SCENARIO 87
4.13.3 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 87
4.14 TECHNOLOGICAL INNOVATION 88
4.15 THE IMPACT OF REGIONAL PRODUCTION CAPACITIES ON MIDDLE EAST AND AFRICA PLASTIC SUPPLY CHAINS 89
4.16 THE NEED FOR SUSTAINABLE PRODUCTION PRACTICES AND INVESTMENTS IN RECYCLING TECHNOLOGIES 91
4.17 UPCOMING PLASTIC TREATY NEGOTIATIONS 93
5 MARKET OVERVIEW 96
5.1 DRIVERS 97
5.1.1 GROWING DEMAND FOR OLEFINS IN VARIOUS END-USE INDUSTRIES 97
5.1.2 RISE IN DEMAND FOR AROMATIC COMPOUNDS BY THE PAINTS & COATINGS INDUSTRY 98
5.1.3 ECONOMIC GROWTH IN EMERGING MARKETS 99
5.2 RESTRAINTS 100
5.2.1 VOLATILITY IN RAW MATERIAL PRICES 100
5.2.2 EASY AVAILABILITY OF SUBSTITUTES 101
5.3 OPPORTUNITIES 102
5.3.1 ADVANCEMENTS AND INNOVATIONS IN PRODUCTION TECHNOLOGIES AND METHODS 102
5.3.2 RISING FOCUS ON SUSTAINABLE SOLUTIONS 103
5.3.3 STRATEGIC PARTNERSHIPS AND MERGERS 105
5.4 CHALLENGES 106
5.4.1 COMPLIANCE WITH STRINGENT REGULATIONS AND STANDARDS 106
5.4.2 HEALTH AND SAFETY CONCERNS OWING TO HAZARDOUS NATURE OF VARIOUS CHEMICALS 107
6 MIDDLE EAST AND AFRICA OLEFINS AND AROMATICS MARKET, BY PRODUCT 109
6.1 OVERVIEW 110
6.2 ETHYLENE 112
6.2.1 ETHYLENE, BY APPLICATION 112
6.3 PROPYLENE 113
6.3.1 PROPYLENE, BY APPLICATION 113
6.4 XYLENE 114
6.5 BENZENE 114
6.5.1 BENZENE, BY APPLICATION 115
6.6 TOLUENE 115
6.6.1 TOLUENE, BY APPLICATION 116
6.7 BUTADIENE 116
6.7.1 BUTADIENE, BY APPLICATION 117
7 MIDDLE EAST AND AFRICA OLEFINS AND AROMATICS MARKET, BY VERTICAL 118
7.1 OVERVIEW 119
7.2 PACKAGING 120
7.2.1 PACKAGING, BY CATEGORY 121
7.3 BUILDING AND CONSTRUCTION 121
7.3.1 BUILDING AND CONSTRUCTION, BY CATEGORY 122
7.4 AUTOMOTIVE 122
7.4.1 AUTOMOTIVE, BY CATEGORY 123
7.5 ELECTRONICS AND ELECTRICALS 123
7.6 HOUSEHOLD 124
7.7 HEALTHCARE 124
7.8 AGRICULTURE 125
7.8.1 AGRICULTURE, BY CATEGORY 125
7.8.1.1 CROP PROTECTION CHEMICALS, BY CATEGORY 126
7.9 OTHERS 126
8 MIDDLE EAST AND AFRICA OLEFINS AND AROMATICS MARKET, BY REGION 127
8.1 MIDDLE EAST AND AFRICA 128
8.1.1 SAUDI ARABIA 136
8.1.2 U.A.E. 142
8.1.3 SOUTH AFRICA 148
8.1.4 EGYPT 154
8.1.5 ISRAEL 160
8.1.6 REST OF MIDDLE EAST AND AFRICA 166
9 MIDDLE EAST AND AFRICA OLEFINS AND AROMATICS MARKET: COMPANY LANDSCAPE 167
9.1 COMPANY SHARE ANALYSIS: MIDDLE EAST AND AFRICA 167
10 SWOT ANALYSIS 168
11 COMPANY PROFILE 169
11.1 EXXON MOBIL CORPORATION 169
11.1.1 COMPANY SNAPSHOT 169
11.1.2 REVENUE ANALYSIS 169
11.1.3 COMPANY SHARE ANALYSIS 170
11.1.4 PRODUCT PORTFOLIO 170
11.1.5 RECENT DEVELOPMENT 170
11.2 SHELL PLC 172
11.2.1 COMPANY SNAPSHOT 172
11.2.2 REVENUE ANALYSIS 172
11.2.3 COMPANY SHARE ANALYSIS 173
11.2.4 PRODUCT PORTFOLIO 173
11.2.5 RECENT DEVELOPMENTS 175
11.3 REPSOL 176
11.3.1 COMPANY SNAPSHOT 176
11.3.2 REVENUE ANALYSIS 176
11.3.3 COMPANY SHARE ANALYSIS 177
11.3.4 PRODUCT PORTFOLIO 177
11.3.5 RECENT DEVELOPMENTS 178
11.4 SABIC 180
11.4.1 COMPANY SNAPSHOT 180
11.4.2 REVENUE ANALYSIS 180
11.4.3 COMPANY SHARE ANALYSIS 181
11.4.4 PRODUCT PORTFOLIO 181
11.4.5 RECENT DEVELOPMENT 182
11.5 PTT MIDDLE EAST AND AFRICA CHEMICAL PUBLIC COMPANY LIMITED 183
11.5.1 COMPANY SNAPSHOT 183
11.5.2 REVENUE ANALYSIS 183
11.5.3 COMPANY SHARE ANALYSIS 184
11.5.4 PRODUCT PORTFOLIO 184
11.5.5 RECENT DEVELOPMENT 185
11.6 BRASKEM 186
11.6.1 COMPANY SNAPSHOT 186
11.6.2 REVENUE ANALYSIS 186
11.6.3 PRODUCT PORTFOLIO 187
11.6.4 RECENT DEVELOPMENT 187
11.7 CHEVRON PHILLIPS CHEMICAL COMPANY LLC 189
11.7.1 COMPANY SNAPSHOT 189
11.7.2 REVENUE ANALYSIS 189
11.7.3 PRODUCT PORTFOLIO 190
11.7.4 RECENT DEVELOPMENTS 191
11.8 DOW 193
11.8.1 COMPANY SNAPSHOT 193
11.8.2 REVENUE ANALYSIS 193
11.8.3 PRODUCT PORTFOLIO 194
11.8.4 RECENT DEVELOPMENT 194
11.9 EVONIK INDUSTRIES AG 195
11.9.1 COMPANY SNAPSHOT 195
11.9.2 REVENUE ANALYSIS 195
11.9.3 PRODUCT PORTFOLIO 196
11.9.4 RECENT DEVELOPMENTS 196
11.10 GADIV PETROCHEMICAL INDUSTRIES (A SUBSIDIARY OF BAZAN GROUP) 197
11.10.1 COMPANY SNAPSHOT 197
11.10.2 PRODUCT PORTFOLIO 197
11.10.3 RECENT DEVELOPMENTS 197
11.11 IDEMITSU KOSAN CO., LTD. 198
11.11.1 COMPANY SNAPSHOT 198
11.11.2 REVENUE ANALYSIS 198
11.11.3 PRODUCT PORTFOLIO 199
11.11.4 RECENT DEVELOPMENT 199
11.12 INEOS 201
11.12.1 COMPANY SNAPSHOT 201
11.12.2 PRODUCT PORTFOLIO 201
11.12.3 RECENT DEVELOPMENT 203
11.13 LYONDELLBASELL INDUSTRIES HOLDING B.V. 204
11.13.1 COMPANY SNAPSHOT 204
11.13.2 REVENUE ANALYSIS 204
11.13.3 PRODUCT PORTFOLIO 205
11.13.4 RECENT DEVELOPMENT 205
11.14 MITSUBISHI CHEMICAL GROUP CORPORATION 207
11.14.1 COMPANY SNAPSHOT 207
11.14.2 REVENUE ANALYSIS 207
11.14.3 PRODUCT PORTFOLIO 208
11.14.4 RECENT DEVELOPMENT 209
11.15 NOVA CHEMICALS CORPORATE 210
11.15.1 COMPANY SNAPSHOT 210
11.15.2 REVENUE ANALYSIS 210
11.15.3 PRODUCT PORTFOLIO 211
11.15.4 RECENT DEVELOPMENTS 212
11.16 ORLEN 213
11.16.1 COMPANY SNAPSHOT 213
11.16.2 REVENUE ANALYSIS 213
11.16.3 PRODUCT PORTFOLIO 214
11.16.4 RECENT DEVELOPMENT 216
11.17 PETRONAS CHEMICALS GROUP 217
11.17.1 COMPANY SNAPSHOT 217
11.17.2 REVENUE ANALYSIS 217
11.17.3 PRODUCT PORTFOLIO 218
11.17.4 RECENT DEVELOPMENT 218
11.18 PJSC SIBUR HOLDING 219
11.18.1 COMPANY SNAPSHOT 219
11.18.2 PRODUCT PORTFOLIO 219
11.18.3 RECENT DEVELOPMENTS 219
11.19 SASOL 220
11.19.1 COMPANY SNAPSHOT 220
11.19.2 REVENUE ANALYSIS 220
11.19.3 PRODUCT PORTFOLIO 221
11.19.4 RECENT DEVELOPMENTS 221
11.20 TPC GROUP 222
11.20.1 COMPANY SNAPSHOT 222
11.20.2 PRODUCT PORTFOLIO 222
11.20.3 RECENT DEVELOPMENTS 222
12 QUESTIONNAIRE 224
13 RELATED REPORTS 227
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