Saudi Arabia Specialty Chemicals Market to Grow with a CAGR of 5.21% through 2030
Rising demand for construction chemicals is expected to drive the Saudi Arabia Specialty Chemicals Market during the forecast period, 2026-2030F.
According to
TechSci Research report, “Saudi Arabia Specialty Chemicals Market - By
Region, Competition, Forecast and Opportunities, 2030F”, the Saudi Arabia
Specialty Chemicals Market was valued at USD 18.23 Billion in 2024 and is
expected to reach USD 24.68 Billion by 2030 with a CAGR of 5.21%.
Technological
advancements are playing a pivotal role in transforming the Saudi Arabia
Specialty Chemicals Market, driving both performance efficiency and
sustainability. The integration of digitalization tools such as Artificial
Intelligence (AI) and the Internet of Things (IoT) is enabling smarter
production systems across the sector. For instance, SABIC’s adoption of smart
manufacturing technologies has resulted in a measurable reduction of nearly 15%
in production waste within polymer manufacturing, strengthening operational
efficiency while lowering environmental impact. A major growth avenue lies in
the development of bio-based specialty chemicals. Surfactants derived from
renewable plant oils are being actively promoted to align with the Saudi Green
Initiative. With active research support from institutions such as the King
Abdulaziz City for Science and Technology (KACST), the country is accelerating
the shift toward environmentally friendly formulations. This not only addresses
rising consumer demand for sustainable solutions but also positions Saudi
Arabia as a hub for green chemistry innovation.
Nanotechnology
is also advancing the construction chemicals segment, particularly in
high-profile projects such as NEOM. Companies like BASF are deploying
nano-engineered admixtures that enhance concrete strength by up to 20%,
contributing to more durable and sustainable infrastructure development.
Meanwhile, Sadara Chemical Company’s innovations in advanced catalysts are
improving efficiency in petrochemical processes, ensuring greater yield with
lower resource consumption.
Automation
in supply chain management, as demonstrated by Evonik’s initiatives, is
improving delivery reliability and reducing operational costs. By integrating
AI-driven logistics and predictive maintenance, supply chains are becoming more
resilient and responsive to market demands. Backed by initiatives such as
In-Kingdom Total Value Add (IKTVA), these technological innovations are not
only reducing costs and environmental footprints but also positioning Saudi
Arabia as a global leader in sustainable specialty chemicals. This
technology-driven transformation is expected to enhance the Kingdom’s
competitiveness in both regional and international markets.
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The Saudi Arabia
Specialty Chemicals Market is segmented into application, regional
distribution, and company.
Based
on application, the construction chemicals segment is expected to dominate the
Saudi Arabia specialty chemicals market during the forecast period, driven by
the country’s large-scale infrastructure and urban development projects under
Vision 2030. With massive investments in smart cities like NEOM, the Red Sea
Project, and various transportation and housing developments, the demand for
advanced construction materials, such as concrete admixtures, sealants,
waterproofing agents, and protective coatings is surging. Construction
chemicals enhance building durability, performance, and sustainability, making
them essential for projects in Saudi Arabia’s harsh climate. Furthermore, the
government's focus on diversifying the economy through industrial expansion and
public-private partnerships continues to fuel construction activities,
positioning this segment as a key driver of specialty chemical demand across
the kingdom.
Based
on region, the Eastern region has emerged as the fastest-growing segment in the
Saudi Arabia specialty chemicals market in 2024 and is projected to sustain its
growth momentum throughout the forecast period. This growth is primarily driven
by the region's concentration of petrochemical, oil & gas, and industrial
manufacturing activities, particularly in major hubs like Jubail and Dammam.
The strong presence of downstream industries fuels consistent demand for
specialty chemicals used in oilfield services, water treatment, lubricants, and
performance additives. The expansion of export-oriented industrial zones and
ongoing investments in refining and chemical processing under Vision 2030
further accelerate market growth. The region’s strategic location, advanced
infrastructure, and access to international trade routes enhance its role as a
key contributor to the specialty chemicals industry in Saudi Arabia.
Major companies
operating in Saudi Arabia Specialty Chemicals Market are:
- Saudi Basic
Industries Corporation
- Saudi Arabian
Oil Company
- Rabigh Refining
& Petrochemical Company
- Saudi Kayan
Petrochemical Company
- Saudi
International Petrochemical Company
- Gulf
Stabilizers Industries
- NAMA Chemicals
Co.
- National
Industrialization Company (Tasnee)
- Advanced Petrochemical Company
- Chevron
Phillips Chemical Company, LLC
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“Driven by
construction and oil and gas growth, the market sees strong demand for
construction chemicals and surfactants. Construction chemicals lead, while
agrochemicals are the fastest-growing segment. Challenges include raw material
volatility, with trends toward bio-based chemicals and digitalization. Saudi
Arabia dominates the MEA region.”,
said Mr. Karan Chechi, Research Director, TechSci Research, a research-based
management consulting firm.
“Saudi Arabia
Specialty Chemicals Market By Application (Construction Chemicals, Dyes &
Pigments, Agrochemicals, Surfactants, Others), By Region and Competition,
Forecast and Opportunities, 2020-2030F”, has evaluated
the future growth potential of Saudi Arabia Specialty Chemicals Market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Saudi Arabia Specialty Chemicals Market.
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