MIDDLE EAST AND AFRICA SBC AND ITS DERIVATIVES MARKET 2019-2027

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According to a Triton Market Research report, the SBC and its derivatives market in the Middle East and Africa is anticipated to flourish at a CAGR of 5.24% and 6.40% in terms of volume and revenue, respectively, over the estimated period 2019-2027. The countries scrutinized in the Middle East and Africa market are: •         Turkey •         Saudi Arabia •         United Arab Emirates •         South Africa •         Rest of Middle East & Africa With the growing population, Saudi Arabia is facing major problems such as a shortage of housing facilities and traffic congestion.
To address this issue, the government has introduced the ‘White Land Tax’ initiative for the development of the country’s infrastructure. As a result, the demand for advanced construction materials such as SBS, SIS and HSBC is anticipated to rise.
Moreover, the Saudi Arabian government is encouraging the development of renewable energy sources in the country and thereby increasing the usage of SBC for building materials in the construction sector. Rapid urbanization, ever-increasing population and better economic conditions of the country are considered as the main drivers of the increasing market growth of SBC and its derivatives.
https://www.tritonmarketresearch.com/reports/middle-east-and-africa-sbc-and-its-derivatives-market#request-free-sample Due to the presence of the vast crude oil reserves, the United Arab Emirates is home to a lot of raw materials, including butadiene. Various sectors are utilizing this material in different applications such as paving, roofing, etc.
Moreover, the government is constantly in support of infrastructure projects, which has led to the development of residential and non-residential structures across the country. As the non-oil activities in the United Arab Emirates are increasing, the country is becoming a leading construction market, attracting huge business.
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 Some renowned players in the SBC and its derivatives market are Sinopec, Eni. Versalis S.p.A., Kraton, BASF SE, Kumho Petrochemical, INEOS Styrolution, Eastman Chemical Company, ZEON Corporation, Dynasol Group, Denka Company Limited, Asahi Kasei Corporation, LG Chem, LCY Chemical Corp.
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