Saudi Arabia Bulk Chemicals Market By Type (Inorganic Vs Organic), By End User Industry (Construction, Automotive, Healthcare, Food & Beverages, 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 CustomizationSaudi Arabia Bulk Chemicals Market By Type (Inorganic Vs Organic), By End User Industry (Construction, Automotive, Healthcare, Food & Beverages, Agriculture, Others), By Region, Competition, Forecast & Opportunities, 2028
Saudi Arabia Bulk Chemicals market was valued at USD 8535.49 million in 2022 and is expected to register robust growth during the forecast period with a CAGR of 4.08%, owing to rapidly increasing infrastructural investments by the government of Saudi Arabia.
Bulk chemicals also known as commodity chemicals are a group of chemicals that are manufactured on a very large scale to satisfy the needs of various industries. Bulk chemicals often act as a raw material for a major number of specialty chemicals which are manufactured for a specific application in various industries.
Construction output growth is expected to grow by approximately 3.5% in Saudi Arabia in the year 2022.
Rising Demand from Chemical Industries
Favorable Government Policies Driving Market Growth
Recent Developments
- In January
2023, Kingdom of Saudi Arabia signed a USD 1 billion agreement with an Indian
company UPL Limited to produce agricultural chemicals which will manufacture
agrochemicals and the company also offers crop protection solutions.
- In December
2022, Saudi Basic Chemical Industries (SABIC) announced an opening of new unit,
Saudi Industrial Chemicals factory situated in Jeddah. This new factory helps
SABIC in producing dioctyl terephthalate from ethyl hexanol.
- In September 2022, SABIC introduced LNP THERMOCOMP AM compound, which is a carbon fiber-reinforced, flame-retardant compound most suitable for pellet-fed additive manufacturing.
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Market Segmentation
Company Profiles
|
Attribute |
Details |
|
Market size value in 2022 |
USD 8535.49 Million |
|
Revenue Forecast in 2028 |
USD 10924.92 Million |
|
Growth Rate |
4.08% |
|
Base Year |
2022 |
|
Historical Years |
2017 – 2020 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024– 2028 |
|
Quantitative Units |
Revenue in USD Million, and CAGR for 2018-2022 and
2023-2028 |
|
Report Coverage |
Revenue forecast, company share, competitive
landscape, growth factors, and trends |
|
Segments Covered |
Type End User Industry Region |
|
Regional Scope |
Northern & Central , Eastern , Western , Southern |
|
Key Companies Profiled |
Saudi Basic
Industries Corporation, Saudi Arabian Oil Company, Saudi Chemical Holding Company, Saudi Arabia BASF, Basic
Chemical Industries Group, Saudi Industrial Investment Group, Saudi Factory For Chlorine & Alkalies, Nama Chemicals, Advanced Petrochemical Company, ADDAR
Chemical Company |
|
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/pdf format on special request) |
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