GCC Specialty Chemicals Market To Reach $46.08 Billion By 2030

GCC Specialty Chemicals Market Growth & Trends

The GCC specialty chemicals market size is estimated to reach USD 46.08 billion by 2030, registering to grow at a CAGR of 4.0% from 2025 to 2030 according to a new report by Grand View Research, Inc. Expanding oil and gas, and construction and building industries along with the lucratively growing industries such as automotive, textiles and water treatment among others, in the region are the major factors driving the market growth.

Prominence of oil and gas sector in GCC countries including Saudi Arabia, UAE, Qatar, Oman, and Kuwait has driven the growth of oilfield chemicals such as corrosion inhibitors, demulsifiers, and other high-performance function-based products. Furthermore, government initiatives in line with Vision 2030 focused on economic diversification and reducing their revenue dependence on oil owing to the vulnerabilities of price fluctuations and declining demand in oil & gas sector, is likely to create demand for products from other booming industries in the region. These industries include construction and building, textiles, automotive, and personal care and cosmetics among others. Therefore, the demand for textile additives, polymers, coatings, adhesives, sealants, cosmetic additives, and plastic additives is expected to rise in the forthcoming years.

Rapid growth of construction and building industry of GCC with several upcoming construction projects such as smart cities-NEOM and King Abdullah Economic City-are expected to create a significant demand from construction end use for products such as corrosion inhibitors, waterproofing and wear and tear protection additives among others. Saudi Arabia and UAE that account for 17.2% and 5.7% of the global proved oil reserves are expected to be major markets for oilfield chemicals. Rising sales of cars driven by a few macroeconomic factors including population growth, urbanization, and income growth has driven the demand of automobiles in the region. In addition, new projects of automotive hub development in Saudi Arabia is likely to extend the demand for specialty polymers, coatings, and catalysts. COVID-19 pandemic which has impacted the economies across the geographies, especially U.S., Italy, China, France, Germany, and Spain among others has disrupted the supply chain and resulted in a sharp decline in oil demand owing to industrial shutdowns. This is likely to indirectly restrict the regional market growth.

Government support and new projects coming up in the region have attracted significant players into the GCC market in order to tap such growth opportunities. International players are entering into the market via acquisition, collaboration or alliance with the players of GCC players, for instance the joint venture between The Dow Chemical Company and Saudi Arabian Oil Co. for the formation of Sadara Chemical Company. This is likely to expand the market in region and drive intense competition amongst domestic as well as global players.

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GCC Specialty Chemicals Market Report Highlights

• The CASE segment dominated the market and accounted for the largest revenue share of 39.8% in 2024. This growth is attributed to significant investments in construction and infrastructure projects, such as smart city initiatives such as NEOM 

• The institutional & industrial cleaners segment is expected to grow at a CAGR of 5.1% over the forecast period. owing to rising awareness of hygiene and cleanliness across various sectors, including healthcare, hospitality, and food services.

• Saudi Arabia specialty chemicals market dominated the GCC market and accounted for the largest revenue share of 23.0% in 2024.

GCC Specialty Chemicals Market Segmentation

Grand View Research has segmented the GCC specialty chemicals market based on industry, and country:

GCC Specialty Chemicals Solution Outlook (Revenue, USD Billion, 2018 - 2030)

• Campaign Management

• Email Marketing

• Inbound Marketing

• Mobile Applications

• Lead Nurturing & Lead Scoring

• Reporting & Analytics

• Social Media Marketing

• Others

GCC Specialty Chemicals Deployment Outlook (Revenue, USD Billion, 2018 - 2030)

• On-premise

• Hosted

GCC Specialty Chemicals Enterprise Size Outlook (Revenue, USD Billion, 2018 - 2030)

• Large Enterprises

• Small & Medium Enterprises

GCC Specialty Chemicals End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• BFSI

• Retail

• Healthcare

• Telecom & IT

• Discrete Manufacturing

• Government & Education

• Others

GCC Specialty Chemicals Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Argentina

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

List of Key Players in GCC Specialty Chemicals Market

• Arkema Chemicals Saudi Arabia

• EVONIK GULF FZE

• Fayfa Chemical Factory (L.L.C.)

• Halliburton

• Horizon Chemicals

• Huntsman (UAE) FZE

• Professional Specialty Chemicals Factory (Ahmad Al Amoudi Group)

• SABIC

• Sadara Chemical Company

• Sika Group

• Tricom LLC