Saudi Arabia Polyolefin Market Size & Outlook, 2023-2030
Saudi Arabia polyolefin market, 2018-2030 (US$M)
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Saudi Arabia polyolefin market highlights
- The Saudi Arabia polyolefin market generated a revenue of USD 11,991.9 million in 2023 and is expected to reach USD 16,306.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, polyethylene (pe) was the largest revenue generating product in 2023.
- Ethylene-Vinyl Acetate (EVA) is the most lucrative product segment registering the fastest growth during the forecast period.
Polyolefin market data book summary
| Market revenue in 2023 | USD 11,991.9 million |
| Market revenue in 2030 | USD 16,306.4 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene (pe) |
| Fastest growing segment | Ethylene-Vinyl Acetate (EVA) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene (PE), Polypropylene (PP), Ethylene-Vinyl Acetate (EVA), Thermoplastic Polyolefins (TPOs), Polyoxymethylene (POM), Polycarbonate (PC), Polymethyl Methacrylate (PMMA) |
| Key market players worldwide | China Petroleum & Chemical Corp Class H, LyondellBasell Industries NV Class A, PetroChina Co Ltd Class H, TotalEnergies SE, Chevron Corp, Repsol SA, Dow Inc, Exxon Mobil Corp, Braskem SA ADR, OMV AG |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 4.7% of the global polyolefin 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 polyolefin 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 16,306.4 million by 2030.
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Polyolefin Market Scope
Polyolefin Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia polyolefin 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 polyolefin market will help companies and investors design strategic landscapes.
Polyethylene (pe) was the largest segment with a revenue share of 37.48% in 2023. Horizon Databook has segmented the Saudi Arabia polyolefin market based on polyethylene (pe), polypropylene (pp), ethylene-vinyl acetate (eva), thermoplastic polyolefins (tpos), polyoxymethylene (pom), polycarbonate (pc), polymethyl methacrylate (pmma) covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Organization of the Petroleum Exporting Countries, which are supporting the demand for polyolefin in the construction, packaging, and utility industries. Furthermore, Saudi Arabia is focusing on downstream industries as well as production & recycling of polyolefin.
The country has introduced a series of initiatives to boost the growth of small and medium sized enterprises (SMEs) involved in processing polyolefin. The growth of the polyolefin market in the country can be attributed to a continuous supply of raw materials, growing population, low energy costs, and high foreign investment in the manufacturing sector.
The government of Saudi Arabia has implemented various regulations and initiatives to reduce the use of polyolefin, particularly single-use polyolefin. For example, in 2019, the country banned the use of plastic bags in supermarkets and other stores. These regulations have led to a decrease in demand for polyolefin in applications such as construction, automotive, electrical & electronics, and consumer goods.
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Our clientele includes a mix of polyolefin 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 polyolefin market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polyolefin market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polyolefin market size, by product, 2018-2030 (US$M)
Saudi Arabia Polyolefin Market Outlook Share, 2023 & 2030 (US$M)
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