Saudi Arabia Specialty Chemicals Market By Application (Construction Chemicals, Dyes & Pigments, Agrochemicals, Surfactants, Others), By Region and Competition, Forecast and 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 Specialty Chemicals Market By Application (Construction Chemicals, Dyes & Pigments, Agrochemicals, Surfactants, Others), By Region and Competition, Forecast and Opportunities, 2028
Saudi Arabia Specialty Chemicals Market Size is USD 16,551.03 million in 2022 and is expected to register a CAGR of 4.34% during the forecast period.
According to the Ministry of Environment, Water, and Agriculture, Saudi Arabia's agriculture segment contributes USD 14.13 billion to the annual GDP, and the country has the largest dynamic agricultural projects in the Middle East related to date palm, poultry, dairy, and aquaculture.
According to the Gulf Petrochemicals and Chemicals Association (GPCA), the value of construction chemicals will increase from 0.8 MMT in 2020 to 0.9–1.0 MMT by 2025.
Increasing Demand for Personal Care Products is Driving the Market
According to the government of Saudi Arabia, the cosmetics market was estimated at USD 16 billion in 2021, and the number of imported cosmetics in the past year exceeded USD 0.6 billion in the country.
Rising Demand from Food & Beverage Industry
According to the Saudi Arabian General Authority for Investment (SAGIA), the Saudi F&B industry accounted for 10% of the gross domestic product (GDP) in 2021, and the Food and Beverage (F&B) industry in Saudi Arabia is the largest in the Middle East and is valued at USD 45 billion.
Increasing Usage in Pharmaceutical Industry
In 2022, the Government of Saudi Arabia has declared to spend USD 36.8 Billion for Healthcare and Social Development
Recent Developments
- In March 2022, Halliburton Company announced the opening of the HalliburtonChemical Reaction Plant in Saudi Arabia, which can manufacture a broad range ofspecialty chemicals for the entire oil and gas value chain as well as manyother industries.
Mergers and Acquisitions
- In 2022, Brentaga collaborated with Al-Azzaz Chemicals Company to expandits customer base and footprint in the specialty chemicals distribution marketin Saudi Arabia.
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Market Segmentation
Company Profiles
| Attribute | Details |
| Market Size in 2022 | USD16,551.03 Million |
| Market Size in 2028 | USD21,315.25 Million |
| Growth Rate | 4.34% |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Metric Tonnes, and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | Application Region |
| Regional scope | Northern & Central, Western, Southern, Eastern |
| Key companies profiled | Saudi Basic Industries Corporation, Saudi Arabian Oil Company, Rabigh Refining & Petrochemical Company, Saudi Kayan Petrochemical Company, Saudi International Petrochemical Company, Gulf Stabilizers Industries, NAMA Chemicals Co., National Industrialization Company (Tasnee), Advanced Petrochemical Company and Chevron Phillips Chemical Company, 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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