UAE Plastics Market (2024-2030) | Forecast, Companies, Size, Outlook, Share, Growth, Revenue, Analysis, Industry, Trends & Value

Topics Covered in UAE Plastics Market Report

UAE Plastics Market Report thoroughly covers the market by product and end use. The UAE plastics Market Outlook report provides an unbiased and detailed analysis of the ongoing UAE plastics Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.

UAE Plastics Market Synopsis

The UAE plastics market experienced steady growth before the pandemic, driven by the expanding packaging sector and investments in construction. However, in 2020, the plastic market in the UAE declined due to global supply chain disruptions and halted production facilities caused by COVID-19 restrictions. Post-pandemic, the market has rebounded, primarily due to the recovery and growth in the packaging industry and the construction sector. The packaging sector is expected to grow from $9.56 billion in 2024 to $12.44 billion by 2029. The electrical and electronics sector is also poised to contribute positively to market expansion. Moreover, Dubai's ambitious plan to attract 500 technology companies by 2028, with a focus on consumer electronics, 3D printing, and artificial intelligence, is likely to drive further demand for plastic products. These developments collectively suggest a robust growth trajectory for the UAE plastics market, driven by diverse industrial and technological advancements.

According to 6Wresearch, the UAE Plastics Market revenue size is projected to grow at a CAGR of 4.2% during 2024-2030. The UAE plastics market is poised for substantial growth, driven by advancements in the packaging, construction, and healthcare sectors. The construction sector is anticipated to grow at a steady rate of 2.1% annually from 2024 to 2027, supported by major infrastructure projects such as the Natural History Museum, Falcon Island, Regalia Project, and Louvre Abu Dhabi Residencies, which are expected to increase plastic demand. Furthermore, the Ministry of Industry and Advanced Technology (MoIAT) finalized MoUs valued at $70.8 million with prominent pharmaceutical and medical device companies. This initiative is designed to attract investment into the UAE’s pharmaceutical and medical sectors, thereby boosting demand for plastics used in medical applications and enhancing overall market growth.

Market Segmentation by Product

Polyethylene holds the highest share in the UAE plastics market due to its widespread use in packaging, construction, and consumer goods, driven by its versatility, durability, and cost-effectiveness. Additionally, the region's strong demand for packaging materials further bolsters its dominance.

Market Segmentation by End Use

Packaging holds the highest share in the UAE plastics market's end-use segment due to the country's significant consumption of packaged goods and bottled water, along with a robust logistics sector that demands extensive use of plastic materials for safe and efficient product transportation.

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:

• UAE Plastics Market Overview
• UAE Plastics Market Outlook
• UAE Plastics Market Forecast
• UAE Plastics Market Porter’s Five Forces Analysis
• UAE Plastics Market Industry Life Cycle Analysis
• UAE Plastics Market Trends
• Market Drivers and Restraints
• Historical Data and Forecast of UAE Plastics Market Revenues, By Product, for the Period 2020-2030F
• Historical Data and Forecast of UAE Plastics Market Revenues, By End Use, for the Period 2020-2030F
• Key Performance Indicators
• Market Opportunity Assessment
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product

• Polyethylene (PE)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl chloride (PVC)
• Polyethylene terephthalate (PET)
• Polystyrene (PS)
• Others (Acrylonitrile butadiene styrene, Polycarbonate, Polyamide, etc.)

By End Use

• Packaging
• Construction
• Consumer Electronics
• Medical Devices
• Textile & Fashion
• Furniture & Bedding
• Others (Automotive, Agriculture, Textiles, Toys, etc.)