Saudi Arabia Plastic Compounding Market Size & Outlook
Saudi Arabia plastic compounding market, 2019-2030 (US$M)
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Saudi Arabia plastic compounding market highlights
- The Saudi Arabia plastic compounding market generated a revenue of USD 2,354.8 million in 2023 and is expected to reach USD 3,528.1 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, polypropylene (pp) was the largest revenue generating product in 2023.
- Polyethylene Terephthalate (PET) is the most lucrative product segment registering the fastest growth during the forecast period.
Plastic compounding market data book summary
| Market revenue in 2023 | USD 2,354.8 million |
| Market revenue in 2030 | USD 3,528.1 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Polypropylene (pp) |
| Fastest growing segment | Polyethylene Terephthalate (PET) |
| Historical data | 2019 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Thermoplastic Vulcanizates (TPV), Thermoplastic Polyolefins (TPO), Polyvinyl Chloride (PVC), Polystyrene (PS), Polyethylene Terephthalate (PET), Polybutylene Terephthalate (PBT), Polyamide (PA), Polycarbonate (PC), Acrylonitrile Butadiene Systems (ABS), Other Product |
| Key market players worldwide | Basf SE, SABIC, Dow Inc, DL Holdings Group Ltd, LyondellBasell Industries NV Class A, DuPont de Nemours Inc, Asahi Kasei Corp, Covestro AG, Washington Penn, Ascend Performance Materials, Kuraray Co Ltd, Arkema SA, Teijin Ltd, Lanxess AG, Solvay SA, Ravago |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 3.5% of the global plastic compounding market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia plastic compounding 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 3,528.1 million by 2030.
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Plastic Compounding Market Scope
Plastic Compounding Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia plastic compounding 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 plastic compounding market will help companies and investors design strategic landscapes.
Polypropylene (pp) was the largest segment with a revenue share of 33.9% in 2023. Horizon Databook has segmented the Saudi Arabia plastic compounding market based on polyethylene (pe), polypropylene (pp), thermoplastic vulcanizates (tpv), thermoplastic polyolefins (tpo), polyvinyl chloride (pvc), polystyrene (ps), polyethylene terephthalate (pet), polybutylene terephthalate (pbt), polyamide (pa), polycarbonate (pc), acrylonitrile butadiene systems (abs), other product covering the revenue growth of each sub-segment from 2019 to 2030.
Construction sector is witnessing significant growth in Saudi Arabia owing to the rising importance of industrial sector coupled with government support to achieve strategic and economic goals.
In addition, continuous infrastructure development, the establishment of the Saudi Industrial Development Fund (SIDF), and several other industrial support and initiatives undertaken by the government are expected to drive the construction & manufacturing sector in the country, thereby propelling demand for plastics compounding.
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Our clientele includes a mix of plastic compounding market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia plastic compounding market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia plastic compounding market from 2019 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia plastic compounding market size, by product, 2019-2030 (US$M)
Saudi Arabia Plastic Compounding Market Outlook Share, 2023 & 2030 (US$M)
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