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
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
Abstract
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.
Increasing Demand from Infrastructure Sector is Driving Market Growth
Saudi Arabia’s construction industry remains a leading industry in the Middle Eastern region despite macroeconomic conditions affecting the sector globally. Construction output growth is expected to grow by approximately 3.5% in Saudi Arabia in the year 2022. Construction chemicals are primarily used for increasing the speed of the work in construction projects that are under development or in new projects to add strength and stability to the constructions. Bulk chemicals are important elements for building complex constructions and have truly transformed the concept of construction industry. Government project such as King Salman Park, Neom City, Red Sea Project, Jabal and other infrastructure projects are increasing the demand for products made from petrochemical or bulk chemical such as adhesive, tiles and others, thereby supporting the growth of Saudi Arabia bulk chemical market.
Rising Demand from Chemical Industries
Saudi Arabian chemical industry is on recovery path after the COVID-19 pandemic and witnessed a rebound growth in 2022. As the bulk chemical market have varied applications, the market is controlled by prominent players with developed portfolios having refined and modern management approach. Saudi Arabia leads the world in the manufacturing of several essential chemicals, such as polyethylene, ethylene, glycol, and methyl tert-butyl ether (MTBE). Saudi Arabia is one of the most efficient country in the world at producing ethylene, which has permitted Saudi Arabia to take 10% of the total global trade of bulk chemicals.
Favorable Government Policies Driving Market Growth
Industrial growth is powered by the government policies for various end user industries which brings investments in the country. Government programs such as Public Investment Fund Program and National investment strategy is bringing huge amount of money in the kingdom. Government policies such as Vision 2030, low domestic energy costs, and a ready supply of raw materials create favorable circumstances for investment and are likely to improve the demand of bulk chemicals in the region.
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.
Market Segmentation
The Saudi Arabia Bulk Chemicals market is segmented based on type, end user industry, region, and company. Based on type, the market is further bifurcated into inorganic and organic . Moreover, segmentation of the market on grounds of the end-user industry is done into construction, automotive, healthcare, food & beverages, agriculture, and others. On the basis of region, the market is further divided into Northern & Central Saudi Arabia, Eastern Saudi Arabia , Western Saudi Arabia and Southern Saudi Arabia.
Company Profiles
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, and ADDAR Chemical Company are some of the key market players in the industry.
Report Scope:
In this report, Saudi Arabia Bulk Chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Bulk Chemicals Market, By Type:
oInorganic
oOrganic
•Saudi Arabia Bulk Chemicals Market, By End User Industry:
oConstruction
oAutomotive
oHealthcare
oFood & Beverages
oAgriculture
oOthers
•Saudi Arabia Bulk Chemicals Market, By Region:
oNorthern & Central Saudi Arabia
oEastern Saudi Arabia
oWestern Saudi Arabia
oSouthern Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Bulk Chemicals market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).
Content
Table of Contents
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Voice of Customer
4.1.Brand Awareness
4.2.Preferred Bulk Chemical Type
4.3.Demand for Bulk Chemicals, By End User Industry
5.Demand & Supply Analysis
6.Saudi Arabia Bulk Chemicals Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value
6.2.Market Share & Forecast
6.2.1.By Type (Inorganic Vs Organic)
6.2.2.By End-User Industry ( Construction, Automotive, Healthcare, Food & Beverages, Agriculture, Others)
6.2.3.By Region
6.2.4.By Company (2022)
6.3.Product Market Map
7.Northern & Central Saudi Arabia Bulk Chemicals Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value
7.2.Market Share & Forecast
7.2.1.By Type
7.2.2.By End-User Industry
8.Eastern Saudi Arabia Bulk Chemicals Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value
8.2.Market Share & Forecast
8.2.1.By Type
8.2.2.By End-User Industry
9.Western Saudi Arabia Bulk Chemicals Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value
9.2.Market Share & Forecast
9.2.1.By Type
9.2.2.By End-User Industry
10.Southern Saudi Arabia Bulk Chemicals Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value
10.2.Market Share & Forecast
10.2.1.By Type
10.2.2.By End-User Industry
11.Market Dynamics
11.1.Drivers
11.2.Challenges
12.Market Trends & Developments
12.1.Merger & Acquisition
12.2.Product Development
12.3.Recent Developments
13.Policy & Regulatory Landscape
14.Pricing Analysis
15.Saudi Arabia Economic Profile
16.Existing Capacities/ Upcoming Capacities Analysis
17.Porters Five Forces Analysis
17.1.Competition in the Industry
17.2.Potential of New Entrants
17.3.Power of Suppliers
17.4.Power of Customers
17.5.Threat of Substitute Products
18.Competitive Landscape
18.1.Business Overview
18.2.Company Snapshot
18.3.Products & Services
18.4.Financials (As Reported)
18.5.Recent Developments
18.6.SWOT Analysis
18.6.1.Saudi Basic Industries Corporation
18.6.2.Saudi Arabian Oil Company
18.6.3.Saudi Chemical Holding Company
18.6.4.Saudi Arabia BASF
18.6.5.Basic Chemical Industries Group
18.6.6.Saudi Industrial Investment Group
18.6.7.Saudi Factory for Chlorine & Alkalies
18.6.8.Nama Chemicals
18.6.9.Advanced Petrochemical Company
18.6.10.ADDAR Chemical Company
19.Strategic Recommendations
20.About Us & Disclaimer
List of Figure
Figure 1: Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 2: Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 3: Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 4: Saudi Arabia Bulk Chemicals Market Share, By Region, By Value, 2018-2028F
Figure 5: Saudi Arabia Bulk Chemicals Market Share, By Company, By Value, 2022
Figure 6: Saudi Arabia Bulk Chemicals Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022
Figure 7: Saudi Arabia Bulk Chemicals Market Map, By End User Industry, Market Size (USD Million) & Growth Rate (%), 2022
Figure 8: Saudi Arabia Bulk Chemicals Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022
Figure 9: Northern & Central Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 10: Northern & Central Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 11: Northern & Central Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 12: Eastern Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 13: Eastern Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 14: Eastern Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 15: Western Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 16: Western Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 17: Western Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 18: Southern Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 19: Southern Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 20: Southern Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
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.
Increasing Demand from Infrastructure Sector is Driving Market Growth
Saudi Arabia’s construction industry remains a leading industry in the Middle Eastern region despite macroeconomic conditions affecting the sector globally. Construction output growth is expected to grow by approximately 3.5% in Saudi Arabia in the year 2022. Construction chemicals are primarily used for increasing the speed of the work in construction projects that are under development or in new projects to add strength and stability to the constructions. Bulk chemicals are important elements for building complex constructions and have truly transformed the concept of construction industry. Government project such as King Salman Park, Neom City, Red Sea Project, Jabal and other infrastructure projects are increasing the demand for products made from petrochemical or bulk chemical such as adhesive, tiles and others, thereby supporting the growth of Saudi Arabia bulk chemical market.
Rising Demand from Chemical Industries
Saudi Arabian chemical industry is on recovery path after the COVID-19 pandemic and witnessed a rebound growth in 2022. As the bulk chemical market have varied applications, the market is controlled by prominent players with developed portfolios having refined and modern management approach. Saudi Arabia leads the world in the manufacturing of several essential chemicals, such as polyethylene, ethylene, glycol, and methyl tert-butyl ether (MTBE). Saudi Arabia is one of the most efficient country in the world at producing ethylene, which has permitted Saudi Arabia to take 10% of the total global trade of bulk chemicals.
Favorable Government Policies Driving Market Growth
Industrial growth is powered by the government policies for various end user industries which brings investments in the country. Government programs such as Public Investment Fund Program and National investment strategy is bringing huge amount of money in the kingdom. Government policies such as Vision 2030, low domestic energy costs, and a ready supply of raw materials create favorable circumstances for investment and are likely to improve the demand of bulk chemicals in the region.
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.
Market Segmentation
The Saudi Arabia Bulk Chemicals market is segmented based on type, end user industry, region, and company. Based on type, the market is further bifurcated into inorganic and organic . Moreover, segmentation of the market on grounds of the end-user industry is done into construction, automotive, healthcare, food & beverages, agriculture, and others. On the basis of region, the market is further divided into Northern & Central Saudi Arabia, Eastern Saudi Arabia , Western Saudi Arabia and Southern Saudi Arabia.
Company Profiles
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, and ADDAR Chemical Company are some of the key market players in the industry.
Report Scope:
In this report, Saudi Arabia Bulk Chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
•Saudi Arabia Bulk Chemicals Market, By Type:
oInorganic
oOrganic
•Saudi Arabia Bulk Chemicals Market, By End User Industry:
oConstruction
oAutomotive
oHealthcare
oFood & Beverages
oAgriculture
oOthers
•Saudi Arabia Bulk Chemicals Market, By Region:
oNorthern & Central Saudi Arabia
oEastern Saudi Arabia
oWestern Saudi Arabia
oSouthern Saudi Arabia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Bulk Chemicals market.
Available Customizations:
With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information
•Detailed analysis and profiling of additional market players (up to five).
1.Product Overview
2.Research Methodology
3.Executive Summary
4.Voice of Customer
4.1.Brand Awareness
4.2.Preferred Bulk Chemical Type
4.3.Demand for Bulk Chemicals, By End User Industry
5.Demand & Supply Analysis
6.Saudi Arabia Bulk Chemicals Market Outlook
6.1.Market Size & Forecast
6.1.1.By Value
6.2.Market Share & Forecast
6.2.1.By Type (Inorganic Vs Organic)
6.2.2.By End-User Industry ( Construction, Automotive, Healthcare, Food & Beverages, Agriculture, Others)
6.2.3.By Region
6.2.4.By Company (2022)
6.3.Product Market Map
7.Northern & Central Saudi Arabia Bulk Chemicals Market Outlook
7.1.Market Size & Forecast
7.1.1.By Value
7.2.Market Share & Forecast
7.2.1.By Type
7.2.2.By End-User Industry
8.Eastern Saudi Arabia Bulk Chemicals Market Outlook
8.1.Market Size & Forecast
8.1.1.By Value
8.2.Market Share & Forecast
8.2.1.By Type
8.2.2.By End-User Industry
9.Western Saudi Arabia Bulk Chemicals Market Outlook
9.1.Market Size & Forecast
9.1.1.By Value
9.2.Market Share & Forecast
9.2.1.By Type
9.2.2.By End-User Industry
10.Southern Saudi Arabia Bulk Chemicals Market Outlook
10.1.Market Size & Forecast
10.1.1.By Value
10.2.Market Share & Forecast
10.2.1.By Type
10.2.2.By End-User Industry
11.Market Dynamics
11.1.Drivers
11.2.Challenges
12.Market Trends & Developments
12.1.Merger & Acquisition
12.2.Product Development
12.3.Recent Developments
13.Policy & Regulatory Landscape
14.Pricing Analysis
15.Saudi Arabia Economic Profile
16.Existing Capacities/ Upcoming Capacities Analysis
17.Porters Five Forces Analysis
17.1.Competition in the Industry
17.2.Potential of New Entrants
17.3.Power of Suppliers
17.4.Power of Customers
17.5.Threat of Substitute Products
18.Competitive Landscape
18.1.Business Overview
18.2.Company Snapshot
18.3.Products & Services
18.4.Financials (As Reported)
18.5.Recent Developments
18.6.SWOT Analysis
18.6.1.Saudi Basic Industries Corporation
18.6.2.Saudi Arabian Oil Company
18.6.3.Saudi Chemical Holding Company
18.6.4.Saudi Arabia BASF
18.6.5.Basic Chemical Industries Group
18.6.6.Saudi Industrial Investment Group
18.6.7.Saudi Factory for Chlorine & Alkalies
18.6.8.Nama Chemicals
18.6.9.Advanced Petrochemical Company
18.6.10.ADDAR Chemical Company
19.Strategic Recommendations
20.About Us & Disclaimer
List of Figure
Figure 1: Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 2: Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 3: Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 4: Saudi Arabia Bulk Chemicals Market Share, By Region, By Value, 2018-2028F
Figure 5: Saudi Arabia Bulk Chemicals Market Share, By Company, By Value, 2022
Figure 6: Saudi Arabia Bulk Chemicals Market Map, By Type, Market Size (USD Million) & Growth Rate (%), 2022
Figure 7: Saudi Arabia Bulk Chemicals Market Map, By End User Industry, Market Size (USD Million) & Growth Rate (%), 2022
Figure 8: Saudi Arabia Bulk Chemicals Market Map, By Region, Market Size (USD Million) & Growth Rate (%), 2022
Figure 9: Northern & Central Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 10: Northern & Central Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 11: Northern & Central Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 12: Eastern Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 13: Eastern Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 14: Eastern Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 15: Western Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 16: Western Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 17: Western Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
Figure 18: Southern Saudi Arabia Bulk Chemicals Market Size, By Value (USD Million), 2018-2028F
Figure 19: Southern Saudi Arabia Bulk Chemicals Market Share, By Type, By Value, 2018-2028F
Figure 20: Southern Saudi Arabia Bulk Chemicals Market Share, By End User Industry, By Value, 2018-2028F
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