MEA Polyurethane Market for Automotive Industry | Size, Growth, Demand, Scope, Opportunities and Forecast By 2024

Continuous automotive demand across the MEA region has had a major impact on MEA polyurethane market from automotive applications. Polyurethanes have an extensive range of applications during the manufacturing process of cars and tend to provide real advantages in terms of energy conservation, protection and comfort. The polyurethane foams are usually found in armrests, seats, and headrests of a number of cars as cushioning characteristics can be helpful in reducing stress and fatigue that is more or less associated with driving.

Polypropylene has been known to be ideal for cushioning purposes owing to their lightweight, durable and strong features. They are used in the bodies of the cars wherein its insulation offers protection against both noise and heat of the engine. Polyurethane massively helps reduce the weight of cars that leads to enhanced environmental performance as it reduces the production of CO2 and greater fuel efficiency.

With access to more than 448 million consumers across Middle East-North Africa in 2018, Saudi Arabia has been planning to meet the growing demand for commercial vehicles and cars by also attracting equipment manufacturers to establish plants in the region. This will prove to be beneficial for the MEA polyurethane market for automotive industry in the coming years.

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Saudi Arabia has been aiming to establish the country as a new hub for automotive production in the Middle East region. The kingdom has been among the largest importer of auto parts and vehicles in the region.

Polyurethane foams are essentially produced due to the reaction of diisocyanates and polyols that are some products derived from crude oil. MEA region has some of the largest crude oil-producing countries across the world that will help maintain or even increase the availability of raw material, boosting its adoption and influence the global business outlook.

The growing size of the wealth in MEA will be helping the automotive industry to boom in the near future. The total number of vehicles on roads in the Middle East had reached over 41 million by the start of 2019. With a significant potential for auto OEM and aftermarket players in the region, MEA polyurethane market products are poised to witness consistent demand.

With the rapid urbanization in the region, it has witnessed a significant industrial development and an increase in the number of vehicles emitting CO2 gases that have proven to be extremely harmful to the environment. For instance, Abu Dhabi had experienced a large spike harmful gases like carbon dioxide in the atmosphere that had risen up to 36.6% from 2010 to 2016.

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It has been noted that the carbon emissions from Abu Dhabi have been among the highest in the world as it is responsible for nearly 0.3% of the world emissions, a leading and prominent cause of climate change. The government of the country has been taking several measures that could help reduce GHG emission and encourage the adoption of polyurethane among manufacturers in the Middle East, impacting MEA polyurethane market  for automotive market trends.

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