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Market Research Report

GCC (Gulf Cooperation Council) Elastomers Market: Industry Analysis, Size, Trends, Share, Demand & Growth Drivers, & Forecast 2017-2025

Published On : 2018-06-12 Report Page : 190 Category: Chemicals Minerals & Materials

GCC Elastomers Market Outlook 2017-2025

Elastomers are produced from either natural or synthetic raw materials. Synthetic elastomers acquire larger market share which are produced from petrochemicals. There is continuous demand from the end-use industries for elastomers physical properties such as permeability and insulation. Automotive industry is one of the largest segments contributing in the supply of elastomers. Growth in automobile segment along with construction industry and consumer goods market are propelling the GCC elastomers market size. Other growth impacting factors are mega infrastructure development projects in the region, high rate of urbanization, increasing tourism and rising environmental concerns towards achieving sustainability. Moreover, tire segment contributes highest market share of 70% in 2017 in the application of elastomers. Total GCC tire market size over the forecast period is expected to reach nearly USD 5 billion. GCC region has huge supply of automobiles and large automobile aftermarket leading to impact the growth of elastomers market. Apart from the automobile industry, construction industry is also impacting the growth of the market with the wide application of elastomers such as roads, window seals, water pipes and others. Goldstein Research analyst forecast that the GCC elastomers market is expected to grow at a CAGR of 6.4% during 2017-2025. Further, nearly 90% of the rubber products are imported by the GCC countries. High demand opportunities from automobile and construction industry will attract the investment for the growth of domestic manufacturing of elastomers.

GCC Elastomers Market Segmentation

By Elastomers Types

  • Natural Elastomers
  • Synthetic Elastomers
    • SBR (Styrene-Butadiene-Rubber)
    • Polybutadiene Rubber (BR)
    • Ethylene Propylene Rubber (EPR/EPDM)
    • Butyl Rubber (IIR)
    • Polyurethane
    • Others

Based on elastomers product types, synthetic elastomers accounted for largest market share of 58% in 2017 with highest contribution from Emulsion SBR segment with 24% market share.

By Elastomers Categories

  • Thermoplastics
  • Thermosets

By Application

  • Tire and Tube Application
  • Hoses
  • Radiator Seals
  • Conveyor Belts
  • Molded Gaskets and Ducts
  • Others (Window profiles, etc.)

By End-User

  • Automotive Industry
  • Consumer Goods
  • Construction Industry
  • Others (Electronics Industry, etc.)

By Geography

  • Saudi Arabia Elastomers Market {Market Share (%), Market Size (USD Billion)}
  • Qatar Elastomers Market {Market Share (%), Market Size (USD Billion)}
  • UAE Elastomers Market {Market Share (%), Market Size (USD Billion)}
  • Oman Elastomers Market {Market Share (%), Market Size (USD Billion)}
  • Kuwait Elastomers Market {Market Share (%), Market Size (USD Billion)}
  • Bahrain Elastomers Market {Market Share (%), Market Size (USD Billion)}

Based on geography, Saudi Arabia accounts for largest market share followed by UAE and Qatar. Saudi Arabia has established first rubber producing plant in GCC region with a capacity of 100,000 tpa of polybutadiene rubber and 50,000 tpa carbon black plants in 2016. On the other hand, UAE is second largest importer of elastomers after Saudi Arabia.

Covered In This GCC Elastomers Market Report

The report covers the present ground scenario and the future growth prospects of the elastomers market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the GCC region.

GCC Elastomers Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the GCC elastomers market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Elastomers Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our GCC elastomers market report comprises of the following companies as the key players: Saudi Arabia Basic Industries Corporation, Braskem SA, BASF SE, The Dow Chemical Company, Bayer AG, LyondellBasell Industries, ExxonMobil Corporation, Ineos Group AG, Arkema S.A., DuPont, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this GCC Elastomers Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Reasons to buy this market study

  • Facilitate decision-making based on strong historic and forecast data for GCC elastomers market
  • Develop strategies based on the latest regulatory framework
  • Position yourself to gain the maximum advantage of the GCC elastomers market’s growth potential
  • Identify key partners and business development avenues across the globe
  • Respond to your competitors’ business structure, strategy and prospects

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GCC (Gulf Cooperation Council) Elastomers Market: Industry Analysis, Size, Trends, Share, Demand & Growth Drivers, & Forecast 2017-2025

A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements

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