Steps were Taken by the Market Amidst will Support the MEA Chemical Industry Amidst the COVID-19 Pandemic

The Middle East & Africa (MEA) chemical industry will see a considerable growth of around 2.4% during the forecast period. The Middle East’s chemical industry has grown significantly over the past two decades. Industrial output in the Middle East is largely focused on the production of refined petroleum and basic chemicals, particularly petrochemicals, as there is easy access to low-cost oil and gas. The production of synthetic coal and natural gas-based liquid fuels and petrochemicals is prominent, with South Africa being the world leader in coal-based synthesis and gas-to-liquids (GTL) technologies. However, the outbreak of COVID-19 has severely hit the economy of the region. Besides, most of the chemical companies have shifted their focus towards the production of ventilator components and personal protective equipment, and hand sanitizers that can support to minimize the negative effects of COVID-19 on their revenues. The key players operating in the chemical sector affected by the COVID include SABIC, Sasol, National Petroleum Co. Qatar Petrochemical among others. 

Browse the full report description of "Middle East & Africa (MEA) Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on MEA Chemical Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/middle-east-and-africa-chemical-market

• SABIC announced to donate $1.13 million to the Hubei Charity Federation to combat the COVID-19 outbreak. The funds support the Wuhan Medical Care Center for Women & Children, the Union Hospital affiliated with the Tongji Medical College of the Huazhong University of Science and Technology, Yingcheng People’s Hospital, and Huanggang Central Hospital to purchase medical stuff and provide care.
• Sasol halts its operations to combat the spread. Sasol is cooperating with the South African Department of Trade, Industry and Competition (DTIC) to mainly supply to Government entities the essential services and combat the spread in South Africa.
• The Iranian company, National Petrochemical Co., is engaged in producing javelwater (liquid bleach) and antiseptic solutions, and other medical alcohol solutions.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment/region dominates the market in the base year?
• Which segment/region will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID-19

o Most affected region/segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

MEA Chemical Market – Segmentation

By Type

• Petrochemicals
• Basic Inorganic
• Polymers 
• Specialty Chemicals
• Consumer Chemicals
• Others (Auxiliaries for Industry)

MEA Chemical Market – Segmentation by Geography

• Saudi Arabia
• UAE
• Turkey
• South Africa
• Nigeria
• Rest of MEA

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