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Saudi Arabia Specialty Chemicals Market, By Type (Agrochemicals, Dyes & Pigments, Construction Chemicals, Specialty Polymers, Textile Chemicals, Surfactants, Functional Ingredients, Water Treatment, Others), Trend Analysis, Competitive Landscape & Forecas

Publisher BlueWeave Consulting
Published Sep 14, 2023
Length 200 Pages
SKU # BLWC18285336

Description

Saudi Arabia Specialty Chemicals Market, By Type (Agrochemicals, Dyes & Pigments, Construction Chemicals, Specialty Polymers, Textile Chemicals, Surfactants, Functional Ingredients, Water Treatment, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2029


Saudi Arabia Specialty Chemicals Market Size Set to Touch USD 5.67 Billion by 2029

Saudi Arabia specialty chemicals market is gaining traction because of the increasing demand for personal care products and rising demand from food & beverages industry.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Saudi Arabia specialty chemicals market size at USD 3.96 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Saudi Arabia specialty chemicals market size to grow at a CAGR of 6.16% reaching a value of USD 5.67 billion by 2029. The growing demand for specialty chemicals in a variety of sectors, such as construction, food & beverages, and water treatment, is one of the market's major growth factors in Saudi Arabia. The growing Saudi pharmaceutical sector is impacting the demand for specialized chemicals in the Kingdom and propelling the market expansion.

Saudi Arabia Specialty Chemicals Market – Overview

Specialty chemicals are either single chemical substances or combinations of several chemical components that are created for particular uses and occasionally for particular clients. Typically, they are extremely high purity, low volume, high-value compounds utilized as steps in bio-pharmaceutical or high-tech processes. Specialty chemicals are chemical substances that are utilized as intermediates or raw ingredients at different stages throughout the production of pharmaceuticals. They are materials that are utilized based on their functionality or performance.

Saudi Arabia Specialty Chemicals Market

Segmental Information

Saudi Arabia Specialty Chemicals Market – By Type

Based on type, the Saudi Arabia specialty chemicals market is segmented into agrochemicals, dyes & pigments, construction chemicals, specialty polymers, textile chemicals, surfactants, functional ingredients, water treatment, and others. The surfactants segment accounts for the highest share in the Saudi Arabia specialty chemicals market. Surfactants are employed in a variety of processes, including softening, wetting, and emulsification, in addition to their detergency-related functions. Surfactants are used in a variety of home cleansers, hair conditioners, cosmetic and personal care products, hand and automated dishwashing detergents, and other household items in addition to household detergents.

Impact of COVID-19 on the Saudi Arabia Specialty Chemicals Market

The COVID-19 pandemic significantly impacted the growth of the Saudi Arabia specialty chemicals market. The restrictions on the manufacturing activities of the end-user industries, along with limitations on cross-border trade, directly influenced the demand and supply chains of specialty chemicals in the Kingdom. The government's persistent efforts, however, were a key component in keeping the market afloat during the epidemic. Large hydrocarbon reserves, which are the fundamental components required to manufacture a range of chemicals, are found across the Kingdom, which played a crucial factor in reviving the Saudi Arabia specialty chemicals market growth in the post-COVID-10 period.

Competitive Landscape

Major players operating in the Saudi Arabia specialty chemicals market include 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, Advanced Petrochemical Company, and Chevron Phillips Chemical Company, LLC

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Saudi Arabia Specialty Chemicals Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Saudi Arabia Specialty Chemicals Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Table of Contents

200 Pages
1. Research Framework
1.1. Research Objective
1.2. Resin Service Type Overview
1.3. Market Segmentation
2. Executive Summary
3. Saudi Arabia Specialty Chemicals Market Insights
3.1. Industry Value Chain Analysis
3.2. DROC Analysis
3.2.1. Growth Drivers
3.2.1.1. Increasing Demand for Personal Care Products
3.2.1.2. Rising Demand from Food & Beverage Industry
3.2.1.3. Increasing Usage in Pharmaceutical Industry
3.2.2. Restraints
3.2.2.1. Dependency on petrochemicals and oil prices
3.2.2.2. Rapid advancements in technology
3.2.3. Opportunities
3.2.3.1. Increasing integration of specialty chemicals production with existing petrochemical
3.2.3.2. Growing investment in research and innovation
3.2.4. Challenges
3.2.4.1. Lack of skilled professionals
3.2.4.2. High dependency on end-use sectors
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of New Entrants
3.5.4. Threat of Substitutes
3.5.5. Intensity of Rivalry
4. Saudi Arabia Specialty Chemicals Market Overview
4.1. Market Size & Forecast, 2019–2029
4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
4.2.1. By Type
4.2.1.1. Agrochemicals
4.2.1.2. Dyes & Pigments
4.2.1.3. Construction Chemicals
4.2.1.4. Specialty Polymers
4.2.1.5. Textile Chemicals
4.2.1.6. Surfactants
4.2.1.7. Functional Ingredients
4.2.1.8. Water Treatment
4.2.1.9. Others
5. Competitive Landscape
5.1. List of Key Players and Their Range
5.2. Saudi Arabia Specialty Chemicals Company Market Share Analysis, 2022
5.3. Competitive Benchmarking, By Operating Parameters
5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
6. Impact of Covid-19 on Saudi Arabia Specialty Chemicals Market.
7. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook, SWOT Analysis)
7.1. Saudi Basic Industries Corporation
7.2. Saudi Arabian Oil Company
7.3. Rabigh Refining & Petrochemical Company
7.4. Saudi Kayan Petrochemical Company
7.5. Saudi International Petrochemical Company
7.6. Gulf Stabilizers Industries
7.7. NAMA Chemicals Co.
7.8. National Industrialization Company
7.9. Advanced Petrochemical Company
7.10. Chevron Phillips Chemical Company, LLC
7.11. Other prominent players
8. Key Strategic Recommendations
9. Research Methodology
9.1. Qualitative Research
9.1.1. Primary & Secondary Research
9.2. Quantitative Research
9.3. Market Breakdown & Data Triangulation
9.3.1. Secondary Research
9.3.2. Primary Research
9.4. Breakdown of Primary Research Respondents
9.5. Assumption & Limitation
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
Figure 1 Saudi Arabia Specialty Chemicals Segmentation
Figure 2 Saudi Arabia Specialty Chemicals Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Saudi Arabia Specialty Chemicals Market Size, By Value (USD Billion), 2019–2029
Figure 5 Saudi Arabia Specialty Chemicals Market Share, By Type, By Value, 2019–2029
List of Tables
Table 1 Saudi Arabia Specialty Chemicals Market Share, By Type, By Value, 2019–2029
Table 2 Saudi Basic Industries Corporation Company Overview
Table 3 Saudi Basic Industries Corporation Financial Overview
Table 4 Saudi Arabian Oil Company Company Overview
Table 5 Saudi Arabian Oil Company Financial Overview
Table 6 Rabigh Refining & Petrochemical Company Company Overview
Table 7 Rabigh Refining & Petrochemical Company Financial Overview
Table 8 Saudi Kayan Petrochemical Company Company Overview
Table 9 Saudi Kayan Petrochemical Company Financial Overview
Table 10 Saudi International Petrochemical Company Company Overview
Table 11 Saudi International Petrochemical Company Financial Overview
Table 12 Gulf Stabilizers Industries Company Overview
Table 13 Gulf Stabilizers Industries Financial Overview
Table 14 NAMA Chemicals Co. Company Overview
Table 15 NAMA Chemicals Co. Financial Overview
Table 16 National Industrialization Company Company Overview
Table 17 National Industrialization Company Financial Overview
Table 18 Advanced Petrochemical Company Company Overview
Table 19 Advanced Petrochemical Company Financial Overview
Table 20 Chevron Phillips Chemical Company, LLC Company Overview
Table 21 Chevron Phillips Chemical Company, LLC Financial Overview

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