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What are the drivers of Automotive Polyurethane Market in MEA growth?

Author : Rahul Varpe | Published Date : 2019-07-10 

Global Market Insights, Inc. has added a new report on Automotive Polyurethane Market in MEA that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Rising passenger car vehicle production owing to high spurge in middle-class and youth population along with demand for luxury vehicles will stimulate the need of these products in the MEA region. The middle-class population in Africa is approximately 35% of the continent’s total population and is expected to grow at a faster pace which will further foster MEA polyurethane market for automotive industry.

Request sample copy of this report @ https://www.gminsights.com/request-sample/detail/2522

Automotive Polyurethane Market in MEAsize for automotive industry is set to surpass USD 385 million by 2024; according to a new research report by Global Market Insights, Inc.

Polyurethane products are lightweight, durable and provides excellent corrosion resistance, sound absorption and insulation properties. These materials offer automobile manufacturers to produce seating’s which are easily recycled, assembled and disassembled. Additionally, coatings from these materials provides protection from oxidation and humidity along with providing glossy shine to vehicles. Growing consumer preferences towards high performance plastics as a substitute for conventional metals will stimulate the MEA PU market for automotive industry demand.

Good economic conditions along with higher disposable income of consumers and abundant availability of raw materials including crude oil, used in manufacturing of PU products will stimulate MEA polyurethane market for automotive industry growth. Middle East crude oil natural reserves accounted for over 8,02,846 million barrels in 2016 which propagates transport sector growth in the region. Government initiatives along with rising investments of international players in Iran crude oil production are likely to boost crude oil production, promoting MEA polyurethane market for automotive industry growth.

Morocco Automotive Polyurethane Market in MEAis expected to surpass USD 55 million in the projected timeframe. The country is considered an automotive hub in North Africa owing to availability of labor at cheaper costs along with rising government initiatives and constitutions making it attractive for foreign investors. Plastic materials incorporated into automotive interiors helps in reducing the overall vehicle’s weight to a large extent which further minimizes the CO2 emission and provides cost savings.

TDI and MDI are widely used in the manufacturing of PU for the automobile sector. PU foams are gaining popularity and increasing usage in car seat padding owing to the freedom of geometric design along with material’s flexibility as they can be adjusted while manufacturing to achieve the level of comfort targeted for the car seat, resulting into growth of MEA polyurethane market for automotive industry.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2522

BASF, Bayer, Johnson Controls, Huntsman, Dupont, Dow chemical, Raha, Poly products and Deltachem are the prominent industry participants in the polyurethane market for the automotive industry. OEM manufacturers are strong engaged in R&D activities in order to comply with government fuel emission standards along enhancing their product offerings and global reach by forming joint ventures and partnerships.

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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