Thermoplastic Vulcanizate Industry Analysis in Middle East & Africa
Study on Thermoplastic Vulcanizates in Middle East & Africa by Natural, Standard Black, and Pre-Colored for Automotive, Construction, Consumer Goods, Electronics, and Healthcare from 2024 to 2034
Analysis of Thermoplastic Vulcanizate Industry Covering Countries Includes Analysis of GCC Countries, Türkiye, South Africa, and Rest of MEA
Thermoplastic Vulcanizate Sales Outlook for Middle East & Africa (2024 to 2034)
Fact.MR, in its recently published market study, reveals that demand for thermoplastic vulcanizates (TPVs) in the Middle East & Africa is approximated at a market value of US$ 115 million for 2024, which is forecasted to rise at 6.5% CAGR and reach US$ 216 million by the end of 2034.
The Middle East & African region has been undergoing significant growth in numerous industries, including construction, healthcare, and automotive. Thermoplastic vulcanizates find applications in these industries owing to their durability, versatility, and resistance to weathering and chemicals. With a noteworthy expansion of these industries in MEA, an increase in the demand for thermoplastic vulcanizates is also experienced.
Several countries in MEA are investing heavily in infrastructure development, such as housing, utilities, and transportation. TPVs are utilized in numerous infrastructure projects for applications, for instance, roofing membranes, gaskets, seals, etc. Growing concentration on infrastructure development is forecasted to increase demand for thermoplastic vulcanizates in the region.
Rising environmental concerns along with a concentration on sustainability contributed to a trend toward lightweight materials used in some industries, including packaging and automotive. TPVs provide lightweight solutions while maintaining durability and strength, therefore making them attractive for manufacturers in MEA to improve fuel efficiency and reduce material use.
| Report Attributes | Details |
|---|---|
| Thermoplastic Vulcanizate Sales in Middle East & Africa (2024E) | US$ 115 Million |
| Projected Sales (2034F) | US$ 216 Million |
| Demand Growth (2024 to 2034) | 6.5% CAGR |
| Sales in South Africa (2024E) | US$ 12.3 Million |
| Demand Growth in GCC Countries (2024 to 2034) | 6.9% CAGR |
| Sales in Türkiye (2034F) | US$ 26.1 Million |
| Market Share of Automotive Sector (2024E) | >42% |
| Key Companies Profiled | SABIC; Tosoh Corporation; BOROUGE; Ravago Group; Borealis AG; Saudi Aramco |
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What is Strengthening the Position of Thermoplastic Vulcanizate Suppliers in MEA?
“Expansion of End-use Industries Using for Thermoplastic Vulcanizates”
The Middle East & Africa is witnessing significant growth in several industries, including healthcare, automotive, and construction. The rising use of thermoplastic vulcanizates in these industries is attributed to their durability, resistance to chemicals, and versatility.
The automotive industry in the region is expanding because of growing disposable income, increasing urbanization, and government incentives promoting local manufacturing. TPVs are used in numerous automotive components, including hoses, interior trim, gaskets, and seals owing to their flexibility and durability.
Large-scale infrastructure projects in MEA are contributing to the growth of the construction sector. TPVs are utilized in various construction applications, such as gaskets, window profiles, roofing membranes, etc. due to their ease of processing. The healthcare industry is projected to expand in the region to improve access to services and requirements of a rising population. TPVs find applications in medical equipment, packaging, and devices because of their sterilizability, resistance to chemicals, and biocompatibility.
Country-wise Insights
Why are Thermoplastic Vulcanizate Suppliers Attracted to GCC Countries?
“Presence of Well-established Oil & Gas Industry Stimulating TPV Adoption”
| Attribute | GCC Countries |
|---|---|
| Market Value (2024E) | US$ 59.8 Million |
| Growth Rate (2024 to 2034) | 6.9% CAGR |
| Projected Value (2034F) | US$ 116.6. Million |
GCC countries are estimated to play a pivotal role in the global oil & gas industry, with extensive refining, petrochemical processing, and extraction activities. Thermoplastic vulcanizates are utilized in this industry for multiple applications, for instance, gaskets, seals, and hoses because of their resistance to hydrocarbons and chemicals. With continuous investment by the oil & gas industry in maintenance and infrastructure projects, increased demand for TPVs is also expected.
Why is Consumption of Thermoplastic Vulcanizates Increasing in Türkiye?
“Rising Use of Thermoplastic Vulcanizates in Consumer Goods Manufacturing”
| Attribute | Türkiye |
|---|---|
| Market Value (2024E) | US$ 13.9 Million |
| Growth Rate (2024 to 2034) | 6.5% CAGR |
| Projected Value (2034F) | US$ 26.1 Million |
Thermoplastic vulcanizates find applications in numerous consumer goods, including sporting goods, household appliances, and footwear because of their aesthetic appeal, impact resistance, and flexibility. With the expansion of the economy in Türkiye an increase in the expenditure capacities of individuals is also observed. This is forecasted to lead to the rising demand for consumer goods, subsequently, an increase in the demand for TPVs is also noticed.
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Category-wise Insights
Which Processing Method is Preferred for Thermoplastic Vulcanizates?
“Manufacturing Efficiency and Customization Feature of Extrusion Molding Rising Demand”
| Attribute | Extrusion Molding |
|---|---|
| Segment Value (2024E) | US$ 46.8 Million |
| Growth Rate (2024 to 2034) | 6.3% CAGR |
| Projected Value (2034F) | US$ 86.3 Million |
Extrusion molding provides high production efficiency, enabling continuous production of TPV sheets, profiles, tubes, and other related custom shapes. This effectiveness of the procedure is advantageous in regions like the Middle East & Africa, where manufacturers generally opt for time-saving and cost-effective production methods to match increasing demand. Moreover, extrusion molding offers customization features to meet the specific needs of construction, automotive, and other industries in the region. Manufacturers can easily adjust as per the requirements and application demands of customers with the use of these materials.
Why is the Automotive Sector a Prominent User of Thermoplastic Vulcanizates in MEA?
“Design Flexibility and Lightweighting of TPVs Contribute to Suitability in Automotive Industry”
| Attribute | Automotive |
|---|---|
| Segment Value (2024E) | US$ 48.7 Million |
| Growth Rate (2024 to 2034) | 7.2% CAGR |
| Projected Value (2034F) | US$ 97.7 Million |
TPVs provide noteworthy weight reduction in comparison to conventional materials, including rubber, etc. as per the analysis published by Fact.MR, a market research and competitive intelligence provider. Reducing the weight of automobiles is critical in the automotive industry for improving fuel efficiency and matching set regulatory standards for fuel economy and emissions. In addition, TPVs can be molded easily into complex shapes, allowing automotive designs more freedom in manufacturing intricate components and parts. This flexibility feature is projected to enable the manufacturing of innovative designs, which enhance functionality and aesthetics.
Competition Landscape
Leading suppliers of thermoplastic vulcanizates in MEA are concentrating on product innovations to offer materials with more improved effectiveness. Further, they are also emphasizing new developments and increasing their expenditure for the assured functioning of their supply chain systems. Some of the prominent manufacturers of thermoplastic vulcanizates in the Middle East & Africa include SABIC, Tosoh Corporation, BOROUGE, Ravago Group, Borealis AG, and Saudi Aramco.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Segmentation of Thermoplastic Vulcanizate Study in Middle East & Africa
-
By Grade :
- Natural
- Standard Black
- Pre-Colored
- Others
-
By Processing Method :
- Injection Molding
- Extrusion Molding
- Blow Molding
-
By Application :
- Automotive
- Exteriors
- Door Trims
- Weather Seals
- Mudguards
- Air Intake Hoses
- Door Cushion Rubbers
- Glass Run Channels
- Others
- Interiors
- Dashboard Skin
- Airbag Covers
- Console Box Liners
- Seat Backboards
- Under the Hood
- Armrest Covers
- Assist Grips
- Others
- Exteriors
- Construction & Architecture
- Exteriors
- Interiors
- Consumer Goods
- Sporting Goods
- Kitchen Appliances
- Others
- Electric & Electronics
- Wires & Cable Insulation
- Plugs
- Bushings
- Connectors
- Others
- Medical & Healthcare
- Syringe Tips
- Peristaltic Tubes
- Medical Device Components
- O-rings
- Seals
- Gaskets
- Valves
- Others
- Automotive
-
By Country :
- GCC Countries
- Türkiye
- South Africa
- Rest of MEA
Table of Content
- 1. Middle East & Africa Industry - Executive Summary
- 2. Middle East & Africa Industry Overview
- 3. Industry Background and Data Points
- 4. Middle East & Africa Industry Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 5. Middle East & Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, By Grade
- 5.1. Natural
- 5.2. Standard Black
- 5.3. Pre-Colored
- 5.4. Others
- 6. Middle East & Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Processing Method
- 6.1. Injection Molding
- 6.2. Extrusion Molding
- 6.3. Blow Molding
- 6.4. Others
- 7. Middle East & Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 7.1. Automotive
- 7.2. Construction and Architecture
- 7.3. Consumer Goods
- 7.4. Electric & Electronics
- 7.5. Medical & Healthcare
- 8. Middle East & Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034, by Country
- 8.1. GCC Countries
- 8.2. South Africa
- 8.3. Türkiye
- 8.4. Northern Africa
- 8.5. Rest of Middle East & Africa
- 9. GCC Countries Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 10. South Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 11. Türkiye Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 12. Northern Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Rest of Middle East & Africa Industry Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Industry Structure Analysis
- 15. Competition Analysis
- 15.1. SABIC
- 15.2. Tosoh Corporation
- 15.3. BOROUGE
- 15.4. Ravago Group
- 15.5. Borealis AG
- 15.6. Saudi Aramco
- 16. Assumptions and Acronyms Used
- 17. Research Methodology
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List Of Table
Table 01: Middle East & Africa Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 02: Middle East & Africa Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 03: Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 04: Middle East & Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 05: Middle East & Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 06: Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 07: Middle East & Africa Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 08: Middle East & Africa Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 09: Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 10: Middle East & Africa Industry Value (US$ Mn) Analysis, by Country, 2018 to 2023
Table 11: Middle East & Africa Industry Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 12: Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 13: GCC Countries Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 14: GCC Countries Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 15: GCC Countries Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 16: GCC Countries Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 17: GCC Countries Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 18: GCC Countries Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 19: GCC Countries Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 20: GCC Countries Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 21: GCC Countries Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 22: South Africa Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 23: South Africa Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 24: South Africa Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 25: South Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 26: South Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 27: South Africa Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 28: South Africa Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 29: South Africa Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 30: South Africa Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 31: Türkiye Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 32: Türkiye Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 33: Türkiye Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 34: Türkiye Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 35: Türkiye Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 36: Türkiye Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 37: Türkiye Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 38: Türkiye Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 39: Türkiye Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 40: Northern Africa Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 41: Northern Africa Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 42: Northern Africa Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 43: Northern Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 44: Northern Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 45: Northern Africa Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 46: Northern Africa Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 47: Northern Africa Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 48: Northern Africa Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 49: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Grade, 2018 to 2023
Table 50: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Grade, 2024 to 2034
Table 51: Rest of Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Grade, 2024 to 2034
Table 52: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2018 to 2023
Table 53: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Processing Method, 2024 to 2034
Table 54: Rest of Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Processing Method, 2024 to 2034
Table 55: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Application, 2018 to 2023
Table 56: Rest of Middle East & Africa Industry Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 57: Rest of Middle East & Africa Industry Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Middle East & Africa Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 02: Middle East & Africa Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Middle East & Africa Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 04: Middle East & Africa Industry Incremental $ Opportunity, 2024 to 2034
Figure 05: Middle East & Africa Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 06: Middle East & Africa Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 07: Middle East & Africa Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 08: Middle East & Africa Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 09: Middle East & Africa Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 10: Middle East & Africa Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 11: Middle East & Africa Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 12: Middle East & Africa Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 13: Middle East & Africa Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Middle East & Africa Industry Share and BPS Analysis by Country, 2024 & 2034
Figure 15: Middle East & Africa Industry Y-o-Y Growth Projections by Country, 2024 to 2034
Figure 16: Middle East & Africa Industry Attractiveness Analysis by Country, 2024 to 2034
Figure 17: GCC Countries Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 18: GCC Countries Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: GCC Countries Industry Value Y-o-Y Growth and Forecast, 2034
Figure 20: GCC Countries Industry Incremental $ Opportunity, 2024 to 2034
Figure 21: GCC Countries Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 22: GCC Countries Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 23: GCC Countries Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 24: GCC Countries Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 25: GCC Countries Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 26: GCC Countries Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 27: GCC Countries Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 28: GCC Countries Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 29: GCC Countries Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 30: South Africa Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 31: South Africa Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 32: South Africa Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 33: South Africa Industry Incremental $ Opportunity, 2024 to 2034
Figure 34: South Africa Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 35: South Africa Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 36: South Africa Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 37: South Africa Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 38: South Africa Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 39: South Africa Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 40: South Africa Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 41: South Africa Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 42: South Africa Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 43: Türkiye Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 44: Türkiye Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 45: Türkiye Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 46: Türkiye Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 47: Türkiye Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 48: Türkiye Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 49: Türkiye Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 50: Türkiye Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 51: Türkiye Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 52: Türkiye Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 53: Türkiye Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 54: Türkiye Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 55: Northern Africa Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 56: Northern Africa Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 57: Northern Africa Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 58: Northern Africa Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 59: Northern Africa Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 60: Northern Africa Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 61: Northern Africa Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 62: Northern Africa Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 63: Northern Africa Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 64: Northern Africa Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 65: Northern Africa Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 66: Northern Africa Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 67: Rest of Middle East & Africa Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Figure 68: Rest of Middle East & Africa Industry Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 69: Rest of Middle East & Africa Industry Value Y-o-Y Growth and Forecast, 2018 to 2034
Figure 70: Rest of Middle East & Africa Industry Share and BPS Analysis by Grade, 2024 & 2034
Figure 71: Rest of Middle East & Africa Industry Y-o-Y Growth Projections by Grade, 2024 to 2034
Figure 72: Rest of Middle East & Africa Industry Attractiveness Analysis by Grade, 2024 to 2034
Figure 73: Rest of Middle East & Africa Industry Share and BPS Analysis by Processing Method, 2024 & 2034
Figure 74: Rest of Middle East & Africa Industry Y-o-Y Growth Projections by Processing Method, 2024 to 2034
Figure 75: Rest of Middle East & Africa Industry Attractiveness Analysis by Processing Method, 2024 to 2034
Figure 76: Rest of Middle East & Africa Industry Share and BPS Analysis by Application, 2024 & 2034
Figure 77: Rest of Middle East & Africa Industry Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 78: Rest of Middle East & Africa Industry Attractiveness Analysis by Application, 2024 to 2034
Figure 79: Rest of Middle East & Africa Industry Value (US$ Mn) Historical Analysis, 2018 to 2023
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What is the demand value for thermoplastic vulcanizates in the Middle East & Africa?
Demand for thermoplastic vulcanizates in the Middle East & Africa is estimated at a value of US$ 115 million in 2024.
What are the sales of thermoplastic vulcanizates projected to reach by 2034?
Sales of thermoplastic vulcanizates in MEA are forecasted to reach US$ 216 million by 2034.
At what rate is the demand for thermoplastic vulcanizates forecasted to increase?
The market in the Middle East & Africa is projected to advance at a CAGR of 6.5% from 2024 to 2034.
How much share of the Middle East & Africa market is held by the automotive industry?
The automotive industry is forecasted to account for more than 42% market share in 2024.
What is the market situation in South Africa in 2024?
The market in South Africa is projected at a size of US$ 12.3 million in 2024.
At what CAGR are the sales of thermoplastic vulcanizates projected to rise in GCC countries?
Sales of thermoplastic vulcanizates in GCC countries are forecasted to rise at a CAGR of 6.9% from 2024 to 2034.
What is the demand outlook for thermoplastic vulcanizates in Türkiye?
The market in Türkiye is forecasted to reach US$ 26.1 million by 2034.
Thermoplastic Vulcanizate Industry Analysis in Middle East & Africa