According to a new market report published by Lucintel, the future of the Middle Eastern and North African silicone market looks promising with opportunities in the industrial processes, building and construction, personal care and consumer products, transportation, electronics, healthcare, energy, and others. The Middle Eastern and North African silicone market is expected to reach $725.1 million with a CAGR of 6% from 2021 to 2027. The major drivers for this market are increasing construction activities and rising demand for electronic sector in the Middle East region
Browse 68 market data tables and 107 figures spread through 205 pages and in-depth TOC on “Middle Eastern and North African (MENA) Silicon Market"
In this market, industrial processes, building and construction, transportation, and personal care and consumer products are the major end use industries of silicone. Lucintel forecasts that building and construction will remain the largest segment over the forecast period due to growing construction activities in the region.
Within this market, elastomers will remain the largest product type segment over the forecast period due to its increasing usage in various product including voltage line insulators, cooking and baking, food storage products, sportswear and footwear, electronics, and medical devices and implants
Emerging trends, which have a direct impact on the dynamics of the industry, include development of antimicrobial silicone elastomer for medical and food and beverage sector. Dow Inc., Momentive, Wacker Chemie AG, Elkem, and Evonik Industries are among the major suppliers in the Middle Eastern and North African silicone market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the Middle Eastern and North African (MENA) silicone market by end use industry and product type. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Middle Eastern and North African (MENA) Silicone Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the Middle Eastern and North African silicone market by end use industry and product type as follows:
By End Use Industry [Value ($ Million) for 2016 – 2027]:
•Industrial Processes
•Building and Construction
•Personal Care and Consumer Products
•Transportation
•Electronics
•Medical and Healthcare
•Energy
•Others
By Product Type [Value ($ Million) for 2016 – 2027]:
•Elastomers
•Fluids
•Resins
•Gels
This 205 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/middle-eastern-and-north-african-silicon-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the Middle Eastern and North African silicone market by end use industry (industrial processes, building and construction, personal care and consumer products, transportation, electronics, medical and healthcare, energy, and others) and product type (elastomers, fluids, resins, and gels)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which countries will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities did take place in the last five years in this market?