Middle East And Africa Ethylene Glycol Market (2024-2030) | Forecast, Value, Outlook, Companies, Share, Growth, Size, Industry, Analysis, Revenue & Trends

Topics Covered in the Middle East And Africa Ethylene Glycol Market Report

Middle East And Africa Ethylene Glycol market Report thoroughly covers the market by types, applications, and countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Middle East And Africa Ethylene Glycol Synopsis

Ethylene glycol is an organic compound that is extensively utilized as an industrial raw material and solvent. It is generated through the hydration of ethylene oxide, which can be obtained from petrochemical sources or renewable resources such as corn or sugarcane. The production of polyester fibers, which are used in apparel, upholstery, and other textiles, uses ethylene glycol as a raw material, which drives the demand for ethylene glycol in the Middle East and Africa.

According to 6Wresearch, Middle East And Africa Ethylene Glycol Report size is expected to grow at a significant CAGR of 5.2% during 2024-2030. The growth in the Middle East and Africa ethylene glycol market can be attributed to several factors, including rising investments in infrastructure, increased consumer goods demand, and heightened awareness of sustainable manufacturing practices. Key growth drivers include the surging need for PET bottles and packaging materials, alongside the expanding automotive industry. Additionally, government initiatives aimed at fostering economic growth and attracting foreign investment are expected to further boost the market. However, the market may face challenges such as fluctuating crude oil prices and stringent environmental regulations affecting ethylene glycol production.

Middle East And Africa Ethylene Glycol Report Key Players

SABIC (Saudi Arabia Basic Industries Corporation), Equate Petrochemical Company (Kuwait), SASA Polyester Sanayi A.S. (Turkey), Alujain Corporation (Saudi Arabia), and Al-Waha Petrochemical Company (Saudi Arabia) are a few prominent companies in the ethylene glycol industry in the Middle East and Africa. These businesses are increasing their production capabilities to keep up with the rising demand for ethylene glycol and are also investing in R&D to streamline manufacturing procedures and cut expenses.

Middle East And Africa Ethylene Glycol Report Government Initiatives and Policies

The Middle East and Africa region's governments have put into effect a variety of initiatives and regulations that encourage economic expansion and promote investment in the petrochemical sector. For instance, by supporting regional manufacturing sectors like petrochemicals, Saudi Arabia's National Industrial Development and Logistics Program seeks to diversify the nation's economy. Furthermore, a lot of nations have put laws in place governing environmentally friendly practices in sectors like textiles, which use a lot of ethylene glycol. Ethylene glycol made from renewable resources is predicted to be used more frequently as a result of these rules, which are predicted to raise demand for environmentally friendly production methods and materials.

Future Insights of the Market

The future of the Middle East and Africa ethylene glycol market is highly positive, driven by escalating investments in infrastructure development and a stronger emphasis on sustainable manufacturing practices. The growing demand for PET bottles and packaging materials is anticipated to fuel further market expansion. Additionally, ongoing research and development efforts by leading industry players are expected to lead to more efficient production methods, which will lower costs and support continued growth. These factors combined with a focus on innovation and sustainability are likely to significantly boost the market in the coming years.

Market Segmentation by Types

The Middle East and Africa Ethylene Glycol Market is projected to have significant growth in Monoethylene Glycol (MEG). MEG is an important raw chemical used in many different sectors, including solvents, polyester fibers, resins, and antifreeze.

Market Segmentation by Manufacturing Process

According to Dhaval, Research Manager, 6Wresearch, the ethylene glycol market in the Middle East and Africa is experiencing a growth in the segment that comes from renewable resources. Ethylene glycol is produced using this process by using renewable feedstocks like corn, wheat, or sugarcane. It has become more well-liked because of growing environmental concerns and is thought to be a more sustainable option than conventional ways.

Market Segmentation by Applications

In the Middle East and Africa ethylene glycol market, the polyester fiber and films category is anticipated to have the biggest market share. This is related to the rising demand for polyester fibers, which are utilized in PET bottles and packaging materials in addition to apparel, furniture, and other textiles.

Market Segmentation by Countries

Saudi Arabia is currently expanding more quickly. The nation is one of the top producers of ethylene glycol in the region and has a significant presence in the petrochemical sector. This is explained by the region's enormous natural gas reserves, which are essential for making ethylene glycol.

Key attractiveness of the report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year 2023.
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• Middle East and Africa Ethylene Glycol Market Overview
• Middle East and Africa Ethylene Glycol Market Outlook
• Middle East and Africa Ethylene Glycol Market Forecast
• Historical Data of Middle East and Africa Ethylene Glycol Market Revenues & Volume for the Period 2020-2030
• Middle East and Africa Ethylene Glycol Market Size and Middle East and Africa Ethylene Glycol Market Forecast of Revenues & Volume, Until 2030
• Historical Data of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Types, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Types, Until 2030
• Historical Data of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Manufacturing Process, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Manufacturing Process, Until 2030
• Historical Data of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Applications, for the Period 2020-2030
• Market Size & Forecast of Middle East and Africa Ethylene Glycol Market Revenues and Volume, By Applications, Until 2030
• Historical Data of Saudi Arabia Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Saudi Arabia Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of UAE Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of UAE Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Qatar Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Qatar Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Kuwait Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Kuwait Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Turkey Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Turkey Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Egypt Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Egypt Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of South Africa Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of South Africa Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Nigeria Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Nigeria Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Oman Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Oman Ethylene Glycol Market Revenues and Volume, Until 2030
• Historical Data of Bahrain Ethylene Glycol Market Revenues and Volume, for the Period 2020-2030
• Market Size & Forecast of Bahrain Ethylene Glycol Market Revenues and Volume, Until 2030
• Market Drivers and Restraints
• Middle East and Africa Ethylene Glycol Market Price Trends
• Middle East and Africa Ethylene Glycol Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Middle East and Africa Ethylene Glycol Market Share, by Countries
• Middle East and Africa Ethylene Glycol Market Share, By Players
• Middle East and Africa Ethylene Glycol Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations 

Market Covered

The Middle East and Africa Ethylene Glycol Market report provides a detailed analysis of the following market segments

By Types

• Monoethylene Glycol (MEG)
• Diethylene Glycol (DEG)
• Triethylene Glycol (TEG)

By Manufacturing Process

• From Ethylene Oxide
• From Coal
• From Renewable Resources

By Applications

• Polyester fiber and films
• PET
• Antifreeze and coolant
• Others

By Countries

• Saudi Arabia
• Kuwait
• United Arab Emirates
• Qatar
• Turkey
• Egypt
• South Africa
• Nigeria
• Rest of the Middle East and Africa