Saudi Arabia Chemical Recycling Of Plastics Market Size & Outlook
Saudi Arabia chemical recycling of plastics market, 2018-2030 (US$M)
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Saudi Arabia chemical recycling of plastics market highlights
- The Saudi Arabia chemical recycling of plastics market generated a revenue of USD 371.5 million in 2023 and is expected to reach USD 502.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.4% from 2024 to 2030.
- In terms of segment, depolymerization was the largest revenue generating type in 2023.
- Depolymerization is the most lucrative type segment registering the fastest growth during the forecast period.
Chemical recycling of plastics market data book summary
| Market revenue in 2023 | USD 371.5 million |
| Market revenue in 2030 | USD 502.8 million |
| Growth rate | 4.4% (CAGR from 2023 to 2030) |
| Largest segment | Depolymerization |
| Fastest growing segment | Depolymerization |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Depolymerization, Dissolution, Conversion |
| Key market players worldwide | Agilyx ASA Ordinary Shares, Basf SE, INEOS, Veolia Environnement SA, Eastman Chemical Co, SABIC, LyondellBasell Industries NV Class A, Maire Tecnimont, Recycling Technologies, JEPLAN |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.8% of the global chemical recycling of plastics 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 chemical recycling of plastics 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 502.8 million by 2030.
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Chemical Recycling Of Plastics Market Scope
Chemical Recycling Of Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia chemical recycling of plastics 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 chemical recycling of plastics market will help companies and investors design strategic landscapes.
Depolymerization was the largest segment with a revenue share of 46.35% in 2023. Horizon Databook has segmented the Saudi Arabia chemical recycling of plastics market based on depolymerization, dissolution, conversion covering the revenue growth of each sub-segment from 2018 to 2030.
In Saudi Arabia, growing emphasis on recycling initiatives, significant developments in recyclable packaging, and new product launches aimed at promoting sustainability are expected to trigger the demand for chemical-based plastic recycling in the country.
The plastic recycling initiatives in Saudi Arabia are gaining momentum with significant partnerships and commitments. For instance, in December 2023, the Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF) of Saudi Arabia, partnered with the Alliance to End Plastic Waste to address plastic waste challenges in the Kingdom.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia chemical recycling of plastics market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia chemical recycling of plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia chemical recycling of plastics market size, by type, 2018-2030 (US$M)
Saudi Arabia Chemical Recycling Of Plastics Market Outlook Share, 2023 & 2030 (US$M)
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