According to Wise Guy Reports, petrochemicals market in the Middle East and North Africa (MENA) region is expected to grow at CAGR of 6% from 2016 to 2020. The growth of this market primarily lies in the rising demand for petrochemical products from the automotive industry. The automotive field occupies over 15% consumption of all petrochemical products around the world, while the MENA region makes up 20% of the worldwide production. It is anticipated that the more attention to greener environment and using vegetation to replace chemical materials will hinder the growth of this market from 2016 to 2020. Owing to the decreasing reserves and price fluctuation of crude oil, bio-based chemicals are substituting the traditional petroleum-based chemicals. In 2014, ethylene accounted for 38% of the market share and dominated the petrochemicals market in the MENA region. According to estimation, it will continue its leadership until the end of 2019 and grow at a rate of 7%. The growth of ethylene is drove by its increased use for the production of ethylene glycol that is used extensively around the globe for the production of polyethylene terephthalate and polyester fibers used in packaging and fabric industries. In 2014, polymer occupied 50% of the market share and is estimated to grow at a CAGR of 6% by 2020. The increased demand for polymers, especially thermoplastics and elastomers based on polyethylene and polypropylene, from the automotive industry, is driving its growth. Polymers are utilized in the automotive industry to substitute for traditional heavy metals in order to reduce weight and improve fuel in vehicles.