Product Code: ETC022081 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Qatar Resins Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 4.42% in 2025, the market peaks at 16.22% in 2028, and settles at 3.69% by 2029.
Qatar is a small but wealthy nation located in the Persian Gulf region. Resins are used in many industries, including construction, furniture manufacturing, automotive and aerospace manufacturing, among others. Qatar has grown rapidly over the past few decades due to its high energy resources and strategic location. As a result of this economic growth, demand for resins has increased significantly in recent years in Qatar market. Currently, there are several local resin manufacturers operating within the country that supply various types of resins such as polyester resin (PET), vinyl ester resin (VE), epoxy resin (EPO) and polyvinyl chloride (PVC).
The major driver behind the growth of resins market in Qatar is driven by government initiatives to increase investments into infrastructure development projects across the entire country which requires extensive use of these materials for structural purposes. Additionally, increasing disposable income coupled with rising consumer awareness towards environment-friendly products will further fuel demand for lightweight composite materials made from advancing technologies like 3D printing which uses mainly plastic based raw materials such as PP & PVDF resins etc., thus driving demand for these products from end user sectors like Automotive & Aerospace industry amongst others. Moreover improvement on product quality due to advanced production technology accompanied by customization options provided by regional players will also contribute towards expansion of applications and subsequently propel upsurge on sales volume over upcoming timeline till 2031F Y-o-Y basis respectively.
The primary challenge faced by suppliers is an inadequate availability of raw material sources required for production process owing to limited access to global markets however; aforementioned issue can be bridged through local collaborations or imports at reasonable costs depending upon situation and need requirement.Furthermore fluctuations witnessed on crude oil prices alongside stringent trade regulations imposed by governments worldwide might hamper overall business operation thereby hindering consistent supply chain management ultimately resulting into decrease profit margins along with reduction on revenues generated during forecast period 2025-2031F accordingly.
Major participants functioning across Qatar Resin Market includes names such as DowDuPont Inc., ExxonMobil Corporation, BASF SE, SABIC among other reputed international companies catering their services from Middle East region.
The Qatar Resins market has experienced significant disruption due to the COVID-19 pandemic. Demand for resins have decreased globally due to the slowdown of industrial activities, which has led to a drop in demand from end-user industries such as automotive and construction. The outbreak of COVID-19 had also affected imports and exports, leading to supply chain disruptions. This in turn has resulted in an increase in prices of resin raw materials and finished products due to constrained supplies and increased transportation costs as a result of lockdown restrictions imposed across various countries. Furthermore, this situation is expected to continue till 2025 or even beyond that depending on how long it takes for the global economy to recover from this crisis.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Resins Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Resins Market - Industry Life Cycle |
3.4 Qatar Resins Market - Porter's Five Forces |
3.5 Qatar Resins Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Qatar Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Qatar Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Qatar Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Resins Market Trends |
6 Qatar Resins Market, By Types |
6.1 Qatar Resins Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Qatar Resins Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Qatar Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.4 Qatar Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.5 Qatar Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.6 Qatar Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.7 Qatar Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.8 Qatar Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Qatar Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Qatar Resins Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Qatar Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Qatar Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Qatar Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Qatar Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Qatar Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Qatar Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Qatar Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Qatar Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Qatar Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Qatar Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Qatar Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Qatar Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Qatar Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Qatar Resins Market Import-Export Trade Statistics |
7.1 Qatar Resins Market Export to Major Countries |
7.2 Qatar Resins Market Imports from Major Countries |
8 Qatar Resins Market Key Performance Indicators |
9 Qatar Resins Market - Opportunity Assessment |
9.1 Qatar Resins Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Qatar Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Qatar Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Qatar Resins Market - Competitive Landscape |
10.1 Qatar Resins Market Revenue Share, By Companies, 2024 |
10.2 Qatar Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |