PUBLISHER: Grand View Research | PRODUCT CODE: 1814093
PUBLISHER: Grand View Research | PRODUCT CODE: 1814093
The Middle East plastics market size was estimated at USD 22.20 billion in 2024 and is projected to reach USD 28.44 billion by 2033, growing at a CAGR of 2.8% from 2025 to 2033. Growing domestic manufacturing and industrialization are increasing demand for polymers as governments and firms expand downstream capacity to capture more value locally.
This drives purchases of both commodity resins and higher margin engineered plastics and encourages investment in converters and local supply chains. Gulf producers are accelerating a strategic pivot from fuels to petrochemicals, creating a clear trend of upstream producers adding large scale polyolefin capacity and pursuing cross border consolidations to secure market share. This industrial reshaping is driving greater integration between feedstock owners and converters, while buyers increasingly demand higher specification engineering grades and recycled content. The net effect is a plastics sector that is becoming more capital intensive and vertically integrated, with companies prioritizing scale and portfolio differentiation.
Middle East Plastics Market Report Segmentation
This report forecasts revenue growth at the regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the Middle East plastics market report based on product, application, end use, and country: