MEA Polyurethane Market Analysis

MEA Polyurethane Market Analysis

MEA polyurethane market for automotive industry size from flexible foams will expect growth rate close to 4.5% by the end of forecast period. These products are gaining huge popularity in the automobile sector owing to its superior properties such as versatility, cost-efficient, lightweight, durability and environment friendliness and has increased usage in truck beds, fenders, cushion interior panels, headliners, headrests and armrests thereby promoting product demand.
 

MEA PU market for automotive industry demand from coatings may surpass USD 80 million by 2024. These products are applied for improving their performance and accentuating the glossy shine to the vehicles along with improved color retention. With innovative coatings technologies, PU products provides UV and thermal stability along with stylish exterior finish. Increasing consumer demand for high aesthetic performance in cars will enhance the demand for PU coatings in the MEA region.
 

MEA polyurethane market for automotive industry size from seat foams will register significant gains close to 5% by the end of 2024. PU based seat foams provides flexibility to the auto manufacturers in creating effective and stylish designs along with complete passenger safety. The rigid and flexible foams incorporated into car seats reduce the foam density of seat cushions along with providing excellent pressure distribution properties.
 

MEA PU market for automotive industry demand from door panels should surpass USD 50 million by the end of forecast period. PU products combined with natural fiber mats provides various advantages such high stiffness and reliability along with impact and corrosion resistance and energy savings.
 

MEA polyurethane market for automotive industry size from passenger vehicles may register growth close to 4.5% over the foreseeable timeframe. Increasing penetration of passenger cars in the region owing to improved economic conditions coupled with high growth in young population and their changing lifestyle patterns will propagate vehicle demand, thereby driving Middle East & Africa PU market for automotive industry size.
 

MEA PU market for automotive industry demand from light commercial vehicles may expect significant gains at over 4.5% by the end of 2024. The demand for PU products in LCV is increasing at a very fast pace owing to rising environmental concerns resulting from heavy fuel emissions and metallic body parts along with stringent standards in the region has promulgated product demand in the region.
 

MEA polyurethane market for automotive industry demand from OEM may register significant growth close to 4.5% by the end of 2024. Increasing automotive vehicle production in Iran, Egypt and Morocco have led to increased usage of polyurethane products by OEM’s to cut manufacturing cost, thus stimulating industry growth.
 

Aftermarket sales in the Middle East region for polyurethane will surpass USD 85 million by 2024. Increasing demand for versatile materials in cars for providing comfort and safety in cost effective manner and minimize scrap generation will further stimulate market growth.
 

Iran polyurethane market for automotive industry demand should register significant growth at over 4.5% over the forecast period. Rising demand for personal vehicles along with strong investments in transport infrastructure facilities will stimulate the transport sector in the country. Additionally, easy access to vehicle finance is promulgating the purchase of vehicles. Iran is the second largest economy in the MEA region followed by Saudi Arabia with better economic conditions and higher GDP.
 

Egypt PU market for automotive industry size is expected to surpass USD 4.4 million by the end of 2024. The automobile sales in the country was over 181,000 in 2017. Rising demand of polyurethane materials from OEM and aftermarket sector owing to its beneficial usage in vehicles will foster the industrial demand.