GMI: MEA Polyurethane Automotive market is expected to consume more than 91 kt by 2024

Industry trends
MEA polyurethane automotive market size of more than $270 million in 2017, the industry is expected to consume more than 91,000 tons by 2024.The size of the Iranian polyurethane automotive industry market, by product category, will drive demand for the automotive industry in the MEA polyurethane market in 2017 and 2024 as demand for light vehicles increases in Kilo Tons
, government-favoured standards for fuel emissions, and demand for passenger and commercial vehicles. These PU materials are used in the interior of the vehicle to provide durability and reduce the total weight of the vehicle, thereby reducing CO2 emissions and extending the life of the vehicle
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. Support for government regulation of PU products in vehicles that exceed CO2 emissions and low-cost products has contributed to the development of regional industries compared to their metal counterparts.polyurethane materials are chemically manufactured by making polyols and isocyanates react in the presence of appropriate additives and catalysts. Increased use of seat foam, door panels, steering wheels, dashboards and bumpers has resulted in a reduction in the total weight of the vehicle, thereby contributing to the growth of MEA car sales. The product's high versatility and easy-to-mold capabilities enable automakers to produce shapes and designs for their vehicles, thereby contributing to the development of the MEA polyurethane market.consumer demand for high-end luxury cars, including BMW, Audi and Mercedes, is growing and will involve better economic conditions and higher purchasing power, which will drive the use of polyurethane products in Iran, the United Arab Emirates and Saudi Arabia. In addition, PU products for automotive interiors help minimize manufacturers' production costs while making vehicles competitive in the market. The transport sector is one of the main sources of CO2 emissions in the MEA region. Vehicles account for more than 36 per cent of Morocco's total emissions, compared with 28 per cent in Jordan, 24 per cent in Saudi Arabia and more than 60 per cent in Libya. Excessive greenhouse gas emissions and polluted air quality have prompted countries to take measures to control the limits of volatile organic compounds (VOCs) in order to provide environmental benefits.
MDI and toluene diocyanate (TDI) react with a variety of polyols for flexible and semi-flexible foams, further used in headrests, armrests, dashboards and seats. Polyols and isocyanates are extracted from crude oil or natural oils from renewable resources. In 2016, the Middle East and Africa produced more than 33 million barrels of crude oil per day, accounting for almost 30 percent of the world's total crude oil production. The development of advanced drilling technology for crude oil extraction is mainly conducive to the large-scale production of petroleum products. A wealth of raw materials and technological advances in engineering plastics will drive the development of meA polyurethane market.polyurethane materials are flexible, lightweight and durable, providing excellent cushioning and complete driving comfort, and their insulation provides a high degree of protection against engine noise and heat. Many Middle Eastern countries tend to follow European fuel emissions standards, which are considered stringent and contribute primarily to the automotive industry-scale MEA polyurethane market.MEA polyurethane automotive industry market, by product category
MEA polyurethane market size from flexible foam, is expected to end the forecast growth rate of nearly 4.5%. These products have gained great popularity in the automotive industry due to their versatility, economy, lightness, durability and environmental friendliness, and have increased the use of truck beds, fenders, pad interior panels, roofs, headrests and armrests to boost demand.by 2024, the MEA PU market for coatings for the automotive industry could exceed $80 million. These products are used to improve their performance and highlight the luster and color preservation of the vehicle. With innovative coating technology, PU products offer UV and thermal stability as well as a stylish look. Consumer demand for high aesthetic performance in automobiles is increasing, which will increase the demand for PU coatings in the MEA region.MeA polyurethane automotive market, the meA polyurethane market for applications
from seat foam to automotive industry scale will grow by nearly 5% by the end of 2024. PU-based seat foam gives automakers the flexibility to create effective and stylish designs and complete passenger safety. The rigid and flexible foams combined into the car seat reduce the foam density of the seat cushions while providing excellent pressure distribution.end of the forecast period, the MEA PU market for door panel automotive demand will exceed $50 million. COMBINED products are combined with natural fiber pads with advantages such as high stiffness and reliability, as well as shock and corrosion resistance and energy savings.
the MEA polyurethane market for the automotive industry, the MEA polyurethane market by model
for passenger cars is likely to grow by nearly 4.5% over a foreseeable time frame. Due to improved economic conditions and the high growth of the young population and its changing lifestyle, the penetration of passenger cars in the region will continue to increase, which will drive demand for automobiles, thereby driving the size of the automotive industry in the PU market in the Middle East and Africa.the MEA PU market, which supports the demand for light commercial vehicles in the automotive industry, is expected to grow by more than 4.5% by the end of 2024. LCV's demand for PU products is growing rapidly due to increasing heavy fuel emissions and environmental problems. Metal body parts and strict standards in the area have announced product requirements in the region.MEA Polyurethane Automotive Industry Market, End-Use
MEA Polyurethane Market from OEM Automotive Industry Demand may see significant growth of nearly 4.5% by the end of 2024. Increased car production in Iran, Egypt and Morocco has led OEMs to increase the use of polyurethane products to reduce manufacturing costs, thereby stimulating industry growth.sales of polyurethanes in the Middle East will exceed $85 million by 2024. The growing demand for automotive multifunction materials to provide comfort and safety in a cost-effective manner and to minimize waste generation will further stimulate market growth.
the MEA polyurethane automotive industry market, divided by country
in the forecast period, Iran's polyurethane automotive industry demand market should be more than 4.5% of the significant growth. Increased demand for individual vehicles and significant investment in transport infrastructure will stimulate the country's transport sector. In addition, easy access to vehicle financing can facilitate 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.
the PU market for Egypt's auto industry to exceed $4.4 million by the end of 2024. In 2017, more than 181,000 vehicles were sold nationwide. As a result of its beneficial use in vehicles, the demand for polyurethane materials in OEMs and after-sales markets continues to grow and nurture industrial demand.
to compete for market
MeA's market share in the polyurethane automotive industry is slightly fragmented, including BASF, Nordic Chemical, Huntsman, Dow Chemical, DuPont, Poly Products, Bayer, Johnson Controls, Deltachem East Middle and Rara Omana. OEM is highly involved in the use of PU products for the manufacture of automotive components due to cost-effectiveness and lightweight properties. Manufacturing companies are also committed to establishing partnerships and joint ventures to enhance product availability and regional presence.
is a versatile plastic material that provides extreme durability and flexibility in the manufacture of a wide range of automotive parts. These materials are usually lightweight and provide cost-effective alternatives for metal counterparts, thereby reducing eco-foot instrument panels, door panels, steering wheels, cushions, bumpers and seat foams are the main applications of polyurethane in the automotive industry. Increased passenger car production is expected to accelerate growth in the AUTOMOTI polyurethane market due to strong consumer purchasing power.