Saudi Arabia Biocides Market Size & Outlook, 2022-2030
Saudi Arabia biocides market, 2018-2030 (US$M)
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Saudi Arabia biocides market highlights
- The Saudi Arabia biocides market generated a revenue of USD 191.2 million in 2022 and is expected to reach USD 263.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.1% from 2023 to 2030.
- In terms of segment, halogen compounds was the largest revenue generating product in 2022.
- Quaternary Ammonium Compounds is the most lucrative product segment registering the fastest growth during the forecast period.
Biocides market data book summary
| Market revenue in 2022 | USD 191.2 million |
| Market revenue in 2030 | USD 263.3 million |
| Growth rate | 4.1% (CAGR from 2022 to 2030) |
| Largest segment | Halogen compounds |
| Fastest growing segment | Quaternary Ammonium Compounds |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Halogen Compounds, Metallic Compounds, Organosulfurs, Organic acids, Quaternary Ammonium Compounds, Phenolic, Nitrogen, Glutaraldehyde |
| Key market players worldwide | Neogen Corp, Albemarle Corp, The Lubrizol Corp, Basf SE, Solvay SA, Lanxess AG, Lonza Group Ltd |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.2% of the global biocides market in 2022.
- Country-wise, France is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia biocides market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 263.3 million by 2030.
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Biocides Market Scope
Biocides Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia biocides 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 biocides market will help companies and investors design strategic landscapes.
Halogen compounds was the largest segment with a revenue share of 29.45% in 2022. Horizon Databook has segmented the Saudi Arabia biocides market based on halogen compounds, metallic compounds, organosulfurs, organic acids, quaternary ammonium compounds, phenolic, nitrogen, glutaraldehyde covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia biocides market is expected to be primarily driven by the water treatment and plastics application. Dry climate of the country has prompted the development several efficient sources of freshwater generation such as sea-water desalination plants.
In addition, the prominence of plastic manufacturers supported by the abundant availability of petrochemicals is expected to boost the product sales in near future. Significant share of global crude oil reserves in the country project oil & gas as a lucrative market for the product.
Growing adoption of biocides to prevent economic losses has boasted their sales in the oil & gas. Fluctuating crude oil prices in addition to the negative economic impact on the country owing to COVID-19 pandemic are likely to restrain the market growth, but temporarily.
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Our clientele includes a mix of biocides 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 biocides market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia biocides market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia biocides market size, by product, 2018-2030 (US$M)
Saudi Arabia Biocides Market Outlook Share, 2022 & 2030 (US$M)
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