Saudi Arabia Polyurethane Market Size & Outlook, 2022-2030
Saudi Arabia polyurethane market, 2018-2030 (US$M)
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Saudi Arabia polyurethane market highlights
- The Saudi Arabia polyurethane market generated a revenue of USD 646.2 million in 2022 and is expected to reach USD 839.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.3% from 2023 to 2030.
- In terms of segment, other end uses was the largest revenue generating end use in 2022.
- ELECTRICAL & ELECTRONICS is the most lucrative end use segment registering the fastest growth during the forecast period.
Polyurethane market data book summary
| Market revenue in 2022 | USD 646.2 million |
| Market revenue in 2030 | USD 839.7 million |
| Growth rate | 3.3% (CAGR from 2022 to 2030) |
| Largest segment | Other end uses |
| Fastest growing segment | ELECTRICAL & ELECTRONICS |
| 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 |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.6% of the global polyurethane market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia polyurethane 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 839.7 million by 2030.
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Polyurethane Market Scope
Polyurethane Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia polyurethane 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 polyurethane market will help companies and investors design strategic landscapes.
Other end uses was the largest segment with a revenue share of 36.63% in 2022. Horizon Databook has segmented the Saudi Arabia polyurethane market based on packaging, construction, electrical & electronics, automotive, medical, other end uses covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is one of the fastest-growing real estate and construction markets among all Gulf countries, which has increased the demand for plastic polymers for applications such as tapes and adhesives, roofing, flooring, and others. Since polyurethane provides higher insulation along with versatility and durability, it is frequently being used in construction and building applications.
In addition, growing healthcare and medical industries have increased the demand for polyurethane due to its cost-effectiveness, higher longevity, and toughness for the manufacturing of medical devices including catheters & general-purpose tubing, surgical drapes, hospital bedding, wound dressing, and various injection-molded devices.
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Our clientele includes a mix of polyurethane 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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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia polyurethane market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia polyurethane market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia polyurethane market size, by end use, 2018-2030 (US$M)
Saudi Arabia Polyurethane Market Outlook Share, 2022 & 2030 (US$M)
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