Middle East & Africa Wire and Cable Plastics Market Report 2021-2031 by Scope, Segmentation, Dynamics, and Competitive Analysis

Description

List of Tables

The Middle East and Africa wire and cable plastics market is projected to grow significantly, with an expected market size of approximately US$ 1,428.58 million by 2031, up from US$ 971.44 million in 2023. This growth represents a compound annual growth rate (CAGR) of 4.9% from 2023 to 2031.

Executive Summary and Market Analysis

The wire and cable plastics market in the Middle East and Africa is undergoing transformation, primarily driven by the rising production of passenger vehicles. The increasing income levels of the middle class and a growing population are also contributing to market expansion. Notably, the automotive sector in South Africa and Saudi Arabia is experiencing a surge in demand for wire and cable plastics. For instance, Renault Group Morocco reported a production of 350,000 vehicles in 2022, marking a 15.3% increase from the previous year.

Additionally, there is a growing recognition of electric vehicles (EVs) as a means to reduce greenhouse gas emissions and enhance energy security. This has led to increased investments in EV infrastructure and manufacturing within the region. In 2023, Saudi Arabia's Public Investment Fund (PIF) collaborated with the Saudi Electricity Company (SEC) to establish an EV infrastructure company, aiming to set up over 1,000 locations and install 5,000 chargers by 2030. The Gulf Cooperation Council (GCC) countries are heavily investing in diversifying their economies, with automotive manufacturing emerging as a key sector for growth. As the production of advanced and electric vehicles increases, so does the demand for high-performance wire and cable plastics.

Market Segmentation Analysis

The wire and cable plastics market can be segmented based on material, voltage, and end-use industry.

By Material: The market is divided into several materials, including polyethylene, polyvinyl chloride (PVC), polypropylene, cross-linked polyethylene (XLPE), thermoplastic elastomers, and others. In 2023, the polyvinyl chloride segment dominated the market share.
By Voltage: The market is categorized into low, medium, high, and extra-high voltage segments, with the low voltage segment holding the largest share in 2023.
By End-Use Industry: The end-use industries include construction, automotive, electrical and electronics, aerospace and defense, telecommunications, oil and gas, energy and power, among others. The construction sector was the largest contributor to the market in 2023.

Market Outlook

A significant trend anticipated in the wire and cable plastics market is the increasing emphasis on recycling and bio-based materials, reflecting a broader shift towards sustainability and environmental responsibility. As awareness of the ecological impact of traditional plastics grows, alongside stringent regulations aimed at reducing carbon footprints, manufacturers are exploring innovative methods to produce environmentally friendly wire and cable plastics.

For example, in January 2023, Borealis announced its ability to utilize its proprietary Borcycle C chemical recycling process to recycle cross-linked polyethylene types, such as XLPE and PE-X, into recycled polyethylene. This recycled material can replace virgin polyethylene in the production of wire and cable products. Similarly, in September 2024, Dow introduced a new range of REVOLOOP Recycled Plastics Resins, which incorporate post-consumer recycled materials into cable jacketing, addressing the varying needs of customers and promoting circularity. The advancement of recycling technologies enables manufacturers to recover and repurpose materials from end-of-life cables, reducing reliance on virgin petrochemical-based plastics. This not only lowers raw material costs but also minimizes the environmental impact of production, making recycled plastics an attractive option for both manufacturers and consumers.

Country Insights

The wire and cable plastics market in the Middle East and Africa includes key countries such as South Africa, Saudi Arabia, the UAE, and the Rest of Middle East and Africa. In 2023, the Rest of Middle East and Africa held the largest market share.

Countries like Egypt, Nigeria, Oman, Qatar, Kuwait, Iran, Turkey, and Kenya are significant players in this market segment. The demand for wire and cable plastics in these regions is growing due to the expansion of industries that rely on effective insulation materials for wires and cables. The rise of technologies such as the Internet of Things (IoT), artificial intelligence, and 5G networks is further driving the demand for high-performance electronic devices. For instance, in October 2023, the Egyptian startup Pearl Semiconductor secured US$ 4.5 million in funding from notable investors, indicating a vibrant tech ecosystem. Additionally, various governments in the region are investing in infrastructure development and promoting initiatives to diversify their economies, including the growth of the electronics manufacturing sector. The increasing adoption of smartphones, laptops, and other consumer electronics is also propelling the wire and cable plastics market.

Company Profiles

Key players in the Middle East and Africa wire and cable plastics market include Dow Inc., Exxon Mobil Corp., LyondellBasell Industries NV, Solvay SA, Borealis AG, BASF SE, Saudi Basic Industries Corp, LG Chem Ltd, Arkema SA, and Celanese Corp. These companies are employing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.

Product Code: BMIRE00031835

1. Introduction

1.1 Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macroeconomic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country-level data:

4. Middle East and Africa Wire and Cable Plastics Market Landscape

4.1 Overview
4.2 PORTER's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
- 4.3.1 Raw Material Suppliers
- 4.3.2 Wire and Cable Plastics Manufacturers
- 4.3.3 Distributors/Suppliers
- 4.3.4 Wire and Cable Manufacturers
- 4.3.5 End-Use Industry
- 4.3.6 List of Vendors in the Value Chain

5. Middle East and Africa Wire and Cable Plastics Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Rising Demand from Energy & Power Industry
- 5.1.2 Growing Building and Construction Industry
5.2 Market Restraints
- 5.2.1 Fluctuations in Raw Material Prices and Harmful Environmental Impact of Plastic Use
5.3 Market Opportunities
- 5.3.1 Robust Telecommunication Infrastructure Expansion
5.4 Future Trends
- 5.4.1 Increasing Focus on Recycling and Bio-Based Materials
5.5 Impact of Drivers and Restraints:

6. Wire and Cable Plastics Market- Middle East and Africa Market Analysis

6.1 Middle East and Africa Wire and Cable Plastics Market Volume (Kilo Tons), 2021-2031
6.2 Middle East and Africa Wire and Cable Plastics Market Volume Forecast and Analysis (Kilo Tons)
6.3 Middle East and Africa Wire and Cable Plastics Market Revenue (US$ Million), 2023-2031
6.4 Middle East and Africa Wire and Cable Plastics Market Forecast and Analysis

7. Middle East and Africa Wire and Cable Plastics Market Volume and Revenue Analysis - by Material

7.1 Polyethylene
- 7.1.1 Overview
- 7.1.2 Polyethylene: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.1.3 Polyethylene: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.4 HDPE
  - 7.1.4.1 Overview
  - 7.1.4.2 HDPE: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.4.3 HDPE: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.5 LDPE
  - 7.1.5.1 Overview
  - 7.1.5.2 LDPE: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
  - 7.1.5.3 LDPE: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
- 7.1.6 OthersPE
  - 7.1.6.1 Overview

This 'others' segment includes medium-density polyethylene (MDPE) and linear low-density polyethylene (LLDPE). Linear low-density polyethylene is used for formulating wire and cable compounds depending on the specific end-use requirements. LLDPE possesses excellent electrical insulation properties which makes it suitable for applications in wire and cable insulation

7.1.6.2 OthersPE: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
7.1.6.3 OthersPE: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

7.2 Polyvinyl Chloride
- 7.2.1 Overview
- 7.2.2 Polyvinyl Chloride: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.2.3 Polyvinyl Chloride: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.3 Polypropylene
- 7.3.1 Overview
- 7.3.2 Polypropylene: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.3.3 Polypropylene: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.4 Cross-Linked Polyethylene
- 7.4.1 Overview
- 7.4.2 Cross-Linked Polyethylene: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.4.3 Cross-Linked Polyethylene: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.5 Thermoplastic Elastomers
- 7.5.1 Overview
- 7.5.2 Thermoplastic Elastomers: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.5.3 Thermoplastic Elastomers: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.6 HFFR Materials
- 7.6.1 Overview
- 7.6.2 HFFR Materials: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.6.3 HFFR Materials: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
7.7 Others
- 7.7.1 Overview
- 7.7.2 Others: Middle East and Africa Wire and Cable Plastics Market - Volume and Forecast, 2021-2031 (Kilo Tons)
- 7.7.3 Others: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

8. Middle East and Africa Wire and Cable Plastics Market Revenue Analysis - by Voltage

8.1 Low
- 8.1.1 Overview
- 8.1.2 Low: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.2 Medium
- 8.2.1 Overview
- 8.2.2 Medium: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.3 High
- 8.3.1 Overview
- 8.3.2 High: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
8.4 Extra-high
- 8.4.1 Overview
- 8.4.2 Extra-high: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)

9. Middle East and Africa Wire and Cable Plastics Market Revenue Analysis - by End-use Industry

9.1 Construction
- 9.1.1 Overview
- 9.1.2 Construction: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.2 Automotive
- 9.2.1 Overview
- 9.2.2 Automotive: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.3 Electrical and Electronics
- 9.3.1 Overview
- 9.3.2 Electrical and Electronics: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.4 Aerospace and Defense
- 9.4.1 Overview
- 9.4.2 Aerospace and Defense: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.5 Telecommunications
- 9.5.1 Overview
- 9.5.2 Telecommunications: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.6 Oil and Gas
- 9.6.1 Overview
- 9.6.2 Oil and Gas: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.7 Energy and Power
- 9.7.1 Overview
- 9.7.2 Energy and Power: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
9.8 Others
- 9.8.1 Overview

10. Middle East and Africa Wire and Cable Plastics Market - Country Analysis

10.1 Middle East and Africa
- 10.1.1 Middle East and Africa Wire and Cable Plastics Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.1 Middle East and Africa Wire and Cable Plastics Market Volume and Forecast and Analysis - by Country
  - 10.1.1.2 Middle East and Africa Wire and Cable Plastics Market Revenue and Forecast and Analysis - by Country
  - 10.1.1.3 South Africa: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.3.1 South Africa: Middle East and Africa Wire and Cable Plastics Market Share - by Material
    - 10.1.1.3.2 South Africa: Middle East and Africa Wire and Cable Plastics Market Share - by Voltage
    - 10.1.1.3.3 South Africa: Middle East and Africa Wire and Cable Plastics Market Share - by End-use Industry
  - 10.1.1.4 Saudi Arabia: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.4.1 Saudi Arabia: Middle East and Africa Wire and Cable Plastics Market Share - by Material
    - 10.1.1.4.2 Saudi Arabia: Middle East and Africa Wire and Cable Plastics Market Share - by Voltage
    - 10.1.1.4.3 Saudi Arabia: Middle East and Africa Wire and Cable Plastics Market Share - by End-use Industry
  - 10.1.1.5 United Arab Emirates: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.5.1 United Arab Emirates: Middle East and Africa Wire and Cable Plastics Market Share - by Material
    - 10.1.1.5.2 United Arab Emirates: Middle East and Africa Wire and Cable Plastics Market Share - by Voltage
    - 10.1.1.5.3 United Arab Emirates: Middle East and Africa Wire and Cable Plastics Market Share - by End-use Industry
  - 10.1.1.6 Rest of Middle East and Africa: Middle East and Africa Wire and Cable Plastics Market - Revenue and Forecast, 2021-2031 (US$ Million)
    - 10.1.1.6.1 Rest of Middle East and Africa: Middle East and Africa Wire and Cable Plastics Market Share - by Material
    - 10.1.1.6.2 Rest of Middle East and Africa: Middle East and Africa Wire and Cable Plastics Market Share - by Voltage
    - 10.1.1.6.3 Rest of Middle East and Africa: Middle East and Africa Wire and Cable Plastics Market Share - by End-use Industry

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Product Launch
12.3 Expansions and Other Strategic Developments

13. Company Profiles

13.1 Dow Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Exxon Mobil Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 LyondellBasell Industries NV
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Solvay SA
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Borealis AG
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 BASF SE
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Saudi Basic Industries Corp
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 LG Chem Ltd
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Arkema SA
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Celanese Corp
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners