UAE Bulk Chemicals Market, By Type (Organic, Inorganic), By End User Industry (Healthcare, Food & Beverage, Automotive, Construction, Agriculture, Others) By Region, Competition, Forecast & Opportunities, 2028
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationUAE Bulk Chemicals Market, By Type (Organic, Inorganic), By End User Industry (Healthcare, Food & Beverage, Automotive, Construction, Agriculture, Others) By Region, Competition, Forecast & Opportunities, 2028
UAE Bulk Chemicals market is anticipated to observe impressive growth during the forecast period, 2024-2028. The major factors include massive demand from various end-use industries such as healthcare, food & beverage, automotive, construction, agriculture, and focus of extensive R&D by manufacturers, augmenting the growth of the market. Commodity chemicals or basic chemicals are other names for bulk chemicals. These are basic commodities are frequently mass-produced to meet the demands of the chemicals market worldwide. These goods are mostly employed as intermediate chemicals that are used to create a variety of consumer goods. Throughout the chemical industry, bulk chemicals make up a sizable portion. Bulk chemicals account for a sizeable component of the entire chemical sector. Petrochemicals, polymers, and other subsectors are included in the segment. Due to the exceedingly low levels of product differentiation among these compounds, the market's expansion is particularly price sensitive. This segment's value chain comprises of industries like construction, clothes, tyres, etc.
In the future, the market's broad uses will generate a variety of direct, indirect, and induced jobs in this industry. Employment growth is expected significantly grow throughout the projection year because to the rising demand from textile industries where bulk chemical act as bleach activators.
The other factors supporting the market’s growth are increasing demand of agrochemicals with increasing population and replacing fossil-based predecessors with biochemicals for eco-friendly approach for industrialization. Both the supply and demand sides of the polymer market show gains.
Petrochemicals, on the other hand, depict supply-side benefit in markets including bulk chemicals. The existence of enormous quantities of hydrocarbon-based raw materials in this area is crucial for the chemical production facilities. The country's economy benefits from the plentiful supply of petroleum feedstock. Additionally, the demand from synthetic rubber industry for their main constituents including styrene and 1-3-butadiene is rising the UAE Bulk Chemicals Market in the forecast period.
According to Federal Competitiveness and Statistics Authority, in 2019 primary polymers of propylene, was the 9th largest product group exported from the UAE to the rest of the globe, data. Also, the information reveals that UAE exports of polymers of propylene increased by 16% in 2018 to USD 0.68 billion
Download Free Sample Report Rising Demand from Industrial Rubber market
Increasing demand from multiple end-user industry
ensuring ecosystem and supply chain resilience and ensuring food security in the upcoming years.
Recent Developments
- A $2 billion joint venture chemicals production facility was the
subject of an agreement between TA'ZIZ and India's Reliance Industries in May
2022. (ADNOC Media). A joint venture was formed by TA'ZIZ with the Dutch business
Fertiglobe to construct a blue ammonia factory in Ruwais with a maximum annual
capacity of 1 million tonnes.
- In June 2022, for the
"Make it in the Emirates" over 20 big industries signed Expressions
of Interest for activities in the TA'ZIZ Light Industrial and Services Zones.
- Fortune
Emirates General Trading LLC participated in UTECH Middle East Foam and
Polyurethane Expo to showcase its chemical products and help researchers,
manufacturers, and technical experts.
- In 44th
International Association of Energy Economics Conference, the SABIC official
announces investment of USD 1.3 billion during the second stage of energy
transition.
- In December 2021, Taj Al Mulook aims to cut down their carbon footprints over the next ten years and moves towards the green and environment friendly approach towards manufacturing.
Market Segmentation
UAE Bulk Chemicals market is segmented into Type, End user and Region. Based on Type, the market is divided into
Market Players
BASF UAE, SABIC Dubai, Al Mulook, Petrochem, Kemsol Limited, Tawazon Chemical Company LLC, Trice Chemicals IND LLC, Fortune Emirates General Trading LLC are some of the leading companies operating in the market.
|
Attribute |
Details |
|
Base Year |
2022 |
|
Historic Data |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2028 |
|
Quantitative Units |
Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028 |
|
Report coverage |
Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends |
|
Segments covered |
Type Enduser Company |
|
Regional scope |
Northern & Central, Southern, Eastern, and Western |
|
Key companies profiled |
BASF UAE, SABIC Dubai, Al Mulook,
Petrochem, Kemsol Limited, Tawazon
Chemical Company LLC, Trice Chemicals IND LLC, Fortune Emirates General
Trading LLC |
|
Customization scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and purchase options |
Avail customized purchase options to meet
your exact research needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request) |
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