Saudi Arabia Bio Based Polyurethane Market Size & Outlook
Saudi Arabia bio based polyurethane market, 2018-2030 (US$K)
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Saudi Arabia bio based polyurethane market highlights
- The Saudi Arabia bio based polyurethane market generated a revenue of USD 127.3 thousand in 2023 and is expected to reach USD 185.2 thousand by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.5% from 2024 to 2030.
- In terms of segment, flexible foam was the largest revenue generating product in 2023.
- Flexible Foam is the most lucrative product segment registering the fastest growth during the forecast period.
Bio based polyurethane market data book summary
| Market revenue in 2023 | USD 127.3 thousand |
| Market revenue in 2030 | USD 185.2 thousand |
| Growth rate | 5.5% (CAGR from 2023 to 2030) |
| Largest segment | Flexible foam |
| Fastest growing segment | Flexible Foam |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD thousand |
| Market segmentation | Rigid Foam, Flexible Foam, Coatings, Adhesives & Sealants |
| Key market players worldwide | Basf SE, Covestro AG, Cargill, Huntsman Corp, RAMP Holdings, MCPU Polymer Engineering, WeylChem |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.3% of the global bio based polyurethane market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia bio based polyurethane market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 62.6 thousand by 2030.
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Bio Based Polyurethane Market Scope
Bio Based Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia bio based polyurethane market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bio based polyurethane market will help companies and investors design strategic landscapes.
Flexible foam was the largest segment with a revenue share of 50.9% in 2023. Horizon Databook has segmented the Saudi Arabia bio based polyurethane market based on rigid foam, flexible foam, coatings, adhesives & sealants covering the revenue growth of each sub-segment from 2018 to 2030.
Industrial manufacturing in Saudi Arabia has witnessed steady growth in the past few years. A shift in focus toward non-oil private sector in Saudi Arabia to boost manufacturing and other end-use industries, and to diversify the economy of the country is projected to drive the growth of building & construction industry which in turn is further anticipated to create demand for bio-based polyurethane market over the forecast period.
In addition, efforts exerted by the government to support the growth of industrial sector and achieve economic goals are anticipated to contribute to the growth of bio-based polyurethane market in the coming years.
Owing to an increase in population and the subsequent rise in housing & infrastructural activitie is expected to propel the market demand for bio-based polyurethane. Automotive is anticipated to emerge as a fast-growing end-use segment over the forecast period.
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Our clientele includes a mix of bio based polyurethane market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia bio based polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia bio based polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia bio based polyurethane market size, by product, 2018-2030 (US$K)
Saudi Arabia Bio Based Polyurethane Market Outlook Share, 2023 & 2030 (US$K)
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