Middle East & Africa Automotive Plastics Market Size & Outlook
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MEA automotive plastics market highlights
- The MEA automotive plastics market generated a revenue of USD 594.5 million in 2024.
- The market is expected to grow at a CAGR of 4.3% from 2025 to 2033.
- In terms of segment, injection molding was the largest revenue generating process in 2024.
- Thermoforming is the most lucrative process segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2024 | USD 594.5 million |
| Market revenue in 2033 | USD 854.1 million |
| Growth rate | 4.3% (CAGR from 2025 to 2033) |
| Largest segment | Injection molding |
| Fastest growing segment | Thermoforming |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Other, Thermoforming, Injection Molding, Blow Molding |
| Key market players worldwide | Akzo Nobel NV, Basf SE, Covestro AG, Evonik Industries AG, Adient PLC, Magna International Inc, Momentive, SABIC, Dow Inc, Hanwha, Grupo Antolin, Lear Corporation, Owens-Corning Inc, Quadrant Group, Koninklijke DSM NV, Teijin Ltd |
Other key industry trends
- In terms of revenue, MEA region accounted for 1.9% of the global automotive plastics market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 26,690.3 million by 2033.
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Automotive Plastics Market Scope
Automotive Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Adient PLC | View profile | 70000 | 3 Dublin Landings, North Wall Quay, IFSC, Dublin 1, Dublin, Ireland, D01 H104 | https://www.adient.com |
| Lear Corporation | View profile | 10001+ | Southfield, Michigan, United States, North America | http://lear.com |
| Grupo Antolin | View profile | 10001+ | Burgos, Castilla y Leon, Spain, Europe | http://www.grupoantolin.com |
| Quadrant Group | View profile | 251-500 | Burgess Hill, West Sussex, United Kingdom, Europe | http://www.quadrantgrp.com/ |
| Magna International Inc | View profile | 179000 | 337 Magna Drive, Aurora, ON, Canada, L4G 7K1 | https://www.magna.com |
| SABIC | View profile | 10001+ | Riyadh, Ar Riyad, Saudi Arabia, Asia | http://www.sabic.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Momentive | View profile | 5001-10000 | Schenectady, New York, United States, North America | https://www.momentive.com/ |
| Owens-Corning Inc | View profile | 18000 | One Owens Corning Parkway, Toledo, OH, United States, 43659 | https://www.owenscorning.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Teijin Ltd | View profile | 24499 | 6-7, Minami Hommachi 1-chome, Chuo-ku, Osaka, Japan, 541-8587 | http://www.teijin.co.jp |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Koninklijke DSM NV | View profile | 20682 | Het Overloon 1, P.O. Box 6500, Heerlen, LI, Netherlands, 6411 TE | https://www.dsm.com |
Middle East & Africa automotive plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to automotive plastics market will help companies and investors design strategic landscapes.
Injection molding was the largest segment with a revenue share of 60.69% in 2024. Horizon Databook has segmented the Middle East & Africa automotive plastics market based on other, thermoforming, injection molding, blow molding covering the revenue growth of each sub-segment from 2021 to 2033.
The Middle East & Africa automotive plastics market is anticipated to witness significant growth over the forecast period on account of the economic growth of the UAE and Saudi Arabia. In addition, the growing production of automobiles in South Africa is likely to fuel the demand for automotive plastics in this region.
The rising GDP of GCC countries, trading partnerships with GCC countries with leading automotive markets like Germany, rising investment by OEMs, and partnerships by OEMs with the government to develop the industry are projected to propel the growth of the automotive industry in the region, which in turn, is anticipated to boost the demand for automotive plastics over the forecast period.
In October 2023, The Public Investment Fund (PIF) of Saudi Arabia has partnered with Hyundai to build a car manufacturing plant in the country, with the aim of strengthening the local automotive industry. Construction is scheduled to begin in 2024 and production is expected to start in 2026. The collaboration is expected to accelerate the growth of Saudi Arabia's automotive industry.
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Target buyers of Middle East & Africa automotive plastics market databook
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Our clientele includes a mix of automotive plastics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa automotive plastics market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa automotive plastics market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Automotive Plastics Market Outlook Share, 2024 & 2033 (US$M)
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