Middle East & Africa (MEA) Chemical Market Size, Share and Forecast 2019-2025

MEA chemical industry is expected to see a CAGR of around 2.4% during the period (2019-2025). The Middle East’s chemical industry has grown significantly over the past two decades. Saudi Arabia, Qatar, and Iran are the key economies of MEA region that contributes highest in the growth of the chemical industries, primarily impacting the market growth in the region. The Middle East’s chemical industry has grown significantly over the past two decades. Industrial output in the Middle East is largely focused on the production of refined petroleum and basic chemicals, particularly petrochemicals, as there is an easy access to low-cost oil and gas. However, the decline in global oil prices coupled with the intense competition from the US and EU region, have contributed to efforts to diversify away from purely supplying crude oil, and more towards developing the downstream supply chain. For instance, The Sadara chemicals complex, a joint-venture between Saudi Aramco and Dow Chemical will improve the large-scale investments which aim to develop the region’s downstream chemical sector.

The Africa’s chemical industry is majorly contributed by South Africa and Morocco. While upstream activities are concentrated in South Africa, the downstream sector remains relatively underdeveloped. The production of synthetic coal and natural gas-based liquid fuels and petrochemicals is prominent, with South Africa being the world leader in coal-based synthesis and gas-to-liquids (GTL) technologies. In Morocco, the presence of the Office Cherifien des Phosphates (OCP), a leader in the phosphates industry (used in agriculture as fertilizer), drives the chemical sector’s footprint in the country. Thus, these factors altogether were driving the chemical sector in the region pre-COVID scenario. 

To Request a Sample of our Report on Middle East & Africa (MEA) Chemical Market:  https://www.omrglobal.com/request-sample/middle-east-and-africa-chemical-market

MEA chemical industry is segmented into petrochemicals, basic inorganic, polymers, specialty chemicals, consumer chemicals, and others. Based on the segmentation, the petrochemical industry is expected to see a considerable downfall in 2020, due to the COVID-19 pandemic. On the other hand, the consumer chemical industry is least impacted with the substantial demand for soap and detergents even during the pandemic. Therefore, the consumer chemical industry is expected to see a least impact, with a downfall of around 1.5% in 2020, due to the outbreak. Consumer chemical essentially includes cosmetics, vitamins, and health supplements, soaps, detergents, and household chemicals, perfumes, and flavors. The demand for consumer chemicals has increased significantly during the COVID-19 pandemic and to ensure the proper supply of the products related to consumer chemical government is taking essential steps.

(Get 15% Discount on Buying this Report)

A full Report of Middle East & Africa (MEA) Chemical Market is Available at:  https://www.omrglobal.com/industry-reports/middle-east-and-africa-chemical-market

Verticals Affected Most

·        Petrochemicals

·        Basic Inorganic

·        Polymers

·        Specialty Chemicals

·        Consumer Chemicals

·        Others (Auxiliaries for Industry)

Impact of COVID-19 on Major Economies

·        Saudi Arabia

·        UAE

·        Turkey

·        South Africa

·        Nigeria

Rest of MEA

Company Profiles

·        BCI Group

·        National Petrochemical Co.

·        National Pride Chemicals Pvt. Ltd.

·        Protea Chemicals 

·        Qatar Petrochemical Co.

·        Reza Group

·        SABIC

·        Sadara Chemical Co.

·        Sasol Ltd.

·        Saudi Arabian Oil Co.

Reasons to buy from us –

1.  We cover more than 15 major industries, further segmented into more than 90 sectors.

2.  More than 120 countries are for analysis.

3.  Over 100+ paid data sources mined for investigation.

4.  Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @  https://www.omrglobal.com/report-customization/middle-east-and-africa-chemical-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Comments

Post a Comment

Popular posts from this blog

European Data Backup and Recovery Market Size, Share, Analysis, Industry Report and Forecast 2019-2025

  European Data Backup and Recovery Market are expected to reach $5.7 billion in 2027, growing at a CAGR of 9.5% during the forecast period (2021-2027). Factors responsible for the growth of the market in Europe are well-developed telecommunication infrastructure, high internet penetration, high adoption of cloud-based devices among people and organization. Regulations regarding the data localization such as GDPR by the European Union and countries own data localization and protection act are providing growth to the market. Major economies which are expected to hold a considerable market are UK, Germany, France, Italy, and Spain. These economies are part of the European Union, which covers most of the continent. The aim of the European Union was to increase economic cooperation and encourage free trade among countries. To Request a Sample of our Report on European Data Backup and Recovery Market :   https://www.omrglobal.com/request-sample/european-data-backup-recovery-...
Read more

Insect Repellent Market Is Likely to Experience a Tremendous Growth by 2031

This informative Insect Repellent Market report provides new method and covers foremost regions such as Latin America, Middle East, North America, Europe, Africa and Asia Pacific. Making most out of the consumer insights and market opportunities, market players can boost up the revenue rate of their business. It also permits key organizations to make communication with customers and know their demands for making right investment in the product development. By increasing the product portfolio by referring the important market data provided in this Insect Repellent Market research report, key players can grow and expand their business forward. Continuously developing customer demands are also described in this global report to help new entrants make required changes in the final product launch and then bring into the market. It becomes easy for key players to prioritize the demands and requirements of target audience and have complete understanding of end-user experience with the help o...
Read more

Asia-Pacific Urban Air Mobility Market Growth, Size, Share, Industry Report and Forecast 2019-2025

The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market. To Request a Sample of our Report on Asia-Pacific Urban Air Mobility Market :   https://www.omrglobal.com/request-sample/asia-pacific-urban-air-mobility-market Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the As...
Read more