Market by Type, Industry Vertical, and Country | Forecast 2019-2028
As per Triton's research report, the Middle East and African expanded polystyrene (EPS) market is anticipated to surge with a CAGR of 4.48% (revenue) and 3.81% (volume) in the forecasting years 2019-2028.
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The countries evaluated
in this market are:
• Saudi Arabia
• Turkey
• The UAE
• South Africa
• Rest of MEA countries
In the UAE, plastic
packaging solutions are used across multiple industries like retail,
manufacturing, and healthcare. Plastics have a long shelf-life, are durable,
and have high barrier properties; thus, plastic packaging has is widely used in
the healthcare industry. The demand for plastic packaging solutions is high in
the country, and is expected to grow even further in the coming years. This is
expected to raise the demand for expanded polystyrene, and thereby help the
growth of the EPS market in United Arab Emirates in the forecasted phase.
Turkey’s plastics
industry is also among the leading ones in the global market. This is
attributable to the nation’s close proximity to raw material producers as well
as leading plastic consumers. There is but naturally, a high demand for this
material in the nation. This has, in turn, raised the demand for EPS in Turkey,
and is helping the studied market growth.
Saudi Arabia is one of
Middle East’s largest markets for packaging. Numerous industries apart from oil
& gas, operate in the country. There is a huge demand for plastic packaging
across these industries, to perform a wide range of industrial activities. This
has encouraged the adoption of EPS in Saudi Arabia, and is helping its expanded
polystyrene market to grow in the forecast period.
SABIC (or Saudi Basic
Industries Corporation) manufactures, markets, and distributes plastics, petrochemicals,
metals, fertilizers, and basic hydrocarbon products. The company’s business
operates four segments: Chemicals, Agri-Nutrients, Corporate, and Metals. The
Government of Saudi Arabia owns 70% stake in the company. SABIC has its headquarters
in Riyadh, Saudi Arabia.
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VIEW REPORT1. MIDDLE
EAST AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. MARKET
DEFINITION
2.2. KEY
INSIGHTS
2.2.1. GREY
EPS IS ANTICIPATED TO GROW AT HIGHEST CAGR
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTE
2.3.3. BARGAINING
POWER OF SUPPLIERS
2.3.4. BARGAINING
POWER OF BUYERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. IMPACT
OF COVID-19 – EXPANDED POLYSTYRENE (EPS)
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. MARKET
DRIVERS
2.7.1. ADVANTAGE
OVER ALTERNATIVE MATERIALS
2.7.2. INCREASING
DEMAND IN BUILDING & CONSTRUCTION AND PACKAGING SECTOR
2.8. MARKET
RESTRAINTS
2.8.1. INSTABILITY
IN CRUDE OIL PRICES
2.9. MARKET
OPPORTUNITIES
2.9.1. GROWING
DEMAND FOR LIGHTWEIGHT MATERIALS IN AUTOMOBILE INDUSTRY
2.10. MARKET
CHALLENGES
2.10.1. OBTAINABILITY
OF ALTERNATIVE PRODUCTS
3. MIDDLE
EAST AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK – BY TYPE
3.1. WHITE
3.2. GREY
3.3. BLACK
4. MIDDLE
EAST AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET OUTLOOK - BY INDUSTRY
VERTICAL
4.1. PACKAGING
4.2. AUTOMOTIVE
4.3. DOMESTIC
APPLIANCES
4.4. CONSUMER
ELECTRONICS
4.5. BUILDING
& CONSTRUCTION
4.6. MEDICAL
4.7. OTHER
INDUSTRY VERTICALS
5. MIDDLE
EAST AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET – REGIONAL OUTLOOK
5.1. UNITED
ARAB EMIRATES
5.2. TURKEY
5.3. SAUDI
ARABIA
5.4. SOUTH
AFRICA
5.5. REST
OF MIDDLE EAST & AFRICA
6. COMPETITIVE
LANDSCAPE
6.1. ALPEK
SAB DE CV
6.2. ARKEMA
SA
6.3. BASF
SE
6.4. EVONIK
INDUSTRIES AG
6.5. KANEKA
CORPORATION
6.6. LG
CORPORATION
6.7. NOVA
CHEMICAL CORPORATION
6.8. SABIC
6.9. STYROCHEM
6.10. TOTAL
SA
6.11. RAVAGO
6.12. SIBUR
6.13. JACKON
GMBH
6.14. BEWISYNBRA
GROUP AB
6.15. SUNPOR
KUNSTSTOFF GMBH
7. METHODOLOGY
& SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: MARKET
ATTRACTIVENESS INDEX
TABLE 2: VENDOR
SCORECARD
TABLE 3: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN $
MILLION)
TABLE 4: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY COUNTRY, 2019-2028 (IN
KILOTON)
TABLE 5: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN $ MILLION)
TABLE 6: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY TYPE, 2019-2028 (IN KILOTON)
TABLE 7: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028
(IN $ MILLION)
TABLE 8: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY INDUSTRY VERTICAL, 2019-2028
(IN KILOTON)
FIGURE 1: PORTER’S FIVE
FORCES ANALYSIS
FIGURE 2: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY WHITE, 2019-2028 (IN $
MILLION)
FIGURE 3: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY GREY, 2019-2028 (IN $ MILLION)
FIGURE 4: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY BLACK, 2019-2028 (IN $
MILLION)
FIGURE 5: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY PACKAGING, 2019-2028 (IN $
MILLION)
FIGURE 6: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY AUTOMOTIVE, 2019-2028 (IN $
MILLION)
FIGURE 7: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY DOMESTIC APPLIANCES, 2019-2028
(IN $ MILLION)
FIGURE 8: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY CONSUMER ELECTRONICS,
2019-2028 (IN $ MILLION)
FIGURE 9: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY BUILDING & CONSTRUCTION,
2019-2028 (IN $ MILLION)
FIGURE 10: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY MEDICAL, 2019-2028 (IN $
MILLION)
FIGURE 11: MIDDLE EAST AND
AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, BY OTHER INDUSTRY VERTICALS,
2019-2028 (IN $ MILLION)
FIGURE 12: MIDDLE EAST
AND AFRICA EXPANDED POLYSTYRENE (EPS) MARKET, REGIONAL OUTLOOK, 2019 & 2028
(IN %)
FIGURE 13: UNITED ARAB
EMIRATES EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 14: TURKEY
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 15: SAUDI ARABIA
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 16: SOUTH AFRICA
EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $ MILLION)
FIGURE 17: REST OF
MIDDLE EAST & AFRICA EXPANDED POLYSTYRENE (EPS) MARKET 2019-2028 (IN $
MILLION)