Saudi Arabia Polyethylene Market Size & Outlook, 2022-2030
Saudi Arabia polyethylene market, 2018-2030 (US$M)
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Saudi Arabia polyethylene market highlights
- The Saudi Arabia polyethylene market generated a revenue of USD 5,301.1 million in 2022 and is expected to reach USD 5,782.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 1.1% from 2023 to 2030.
- In terms of segment, packaging was the largest revenue generating end use in 2022.
- CONSTRUCTION is the most lucrative end use segment registering the fastest growth during the forecast period.
Polyethylene market data book summary
| Market revenue in 2022 | USD 5,301.1 million |
| Market revenue in 2030 | USD 5,782.3 million |
| Growth rate | 1.1% (CAGR from 2022 to 2030) |
| Largest segment | Packaging |
| Fastest growing segment | CONSTRUCTION |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | PACKAGING, CONSTRUCTION, ELECTRICAL & ELECTRONICS, AUTOMOTIVE, MEDICAL, OTHER END USES |
| Key market players worldwide | Basf SE, Borealis Exploration Ltd, Braskem SA ADR, Dow Inc, Exxon Mobil Corp, LyondellBasell Industries NV Class A, Mitsubishi Chemical Group Corp, China Petroleum & Chemical Corp Class H, Formosa Plastics Group, LG Chem, MOL Group, INEOS, SABIC |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 3.5% of the global polyethylene market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia polyethylene 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 5,782.3 million by 2030.
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Polyethylene Market Scope
Polyethylene Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia polyethylene 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 polyethylene market will help companies and investors design strategic landscapes.
Packaging was the largest segment with a revenue share of 51.93% in 2022. Horizon Databook has segmented the Saudi Arabia polyethylene market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Infrastructure development and industrialization are driving the demand for polyethylene in Saudi Arabia. The country's Vision 2030 initiative emphasizes economic diversification and the expansion of non-oil sectors, leading to increased investments in construction, packaging, and various industries that heavily rely on polyethylene.
As Saudi Arabia continues to invest in large-scale infrastructure projects, the demand for polyethylene as a versatile material for pipes, cables, and construction applications is expected to grow substantially. Export-oriented strategies contribute significantly to the growth of the Saudi Arabian polyethylene market.
Saudi Arabian polyethylene manufacturers often engage in international trade, leveraging their production capabilities to meet the demand for polyethylene in diverse industries worldwide. Export driven initiatives contribute to the overall economic prosperity of the country's polyethylene sector.
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Target buyers of Saudi Arabia polyethylene market databook
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Our clientele includes a mix of polyethylene market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia polyethylene market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polyethylene market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polyethylene market size, by end use, 2018-2030 (US$M)
Saudi Arabia Polyethylene Market Outlook Share, 2022 & 2030 (US$M)
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