Middle East & Africa Propylene Carbonate Market Size & Outlook
MEA propylene carbonate market highlights
- The MEA propylene carbonate market generated a revenue of USD 33.0 million in 2023.
- The market is expected to grow at a CAGR of 5% from 2024 to 2030.
- In terms of segment, solvent was the largest revenue generating application in 2023.
- Solvent is the most lucrative application segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 33.0 million |
| Market revenue in 2030 | USD 46.1 million |
| Growth rate | 5% (CAGR from 2024 to 2030) |
| Largest segment | Solvent |
| Fastest growing segment | Solvent |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solvent |
| Key market players worldwide | LyondellBasell Industries NV Class A, Basf SE ADR, Huntsman Corp, Tokyo Chemical Industry, Central Drug House, Carl Roth, Huntsman International LLC, Empower Materials |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global propylene carbonate market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 221.9 million by 2030.
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Propylene Carbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Empower Materials | View profile | 1-10 | New Castle, Delaware, United States, North America | https://www.empowermaterials.com |
| Carl Roth | View profile | 51-100 | Karlsruhe, Baden-Wurttemberg, Germany, Europe | https://www.carlroth.com |
| Huntsman International LLC | View profile | - | - | - |
| Central Drug House | View profile | 11-50 | Ahmedabad, Gujarat, India, Asia | https://www.cdhfinechemical.com/ |
| Basf SE ADR | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
| Tokyo Chemical Industry | View profile | 501-1000 | Chennai, Tamil Nadu, India, Asia | https://www.tcichemicals.com/ |
| LyondellBasell Industries NV Class A | View profile | 20000 | One Vine Street, 4th Floor, London, United Kingdom, W1J0AH | https://www.lyondellbasell.com |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
Middle East & Africa propylene carbonate 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 propylene carbonate market will help companies and investors design strategic landscapes.
Solvent was the largest segment with a revenue share of 104.24% in 2023. Horizon Databook has segmented the Middle East & Africa propylene carbonate market based on solvent covering the revenue growth of each sub-segment from 2018 to 2030.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa propylene carbonate market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa propylene carbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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