Saudi Arabia Bulk Chemicals Market to Grow with a CAGR of 4.10% through 2030
Saudi Arabia Bulk Chemicals market is increasing owning to demand of chemicals from construction industry 2026-2030F
According to
TechSci Research report, “Saudi Arabia Bulk Chemicals Market - By
Region, Competition, Forecast & Opportunities, 2030F”, the Saudi
Arabia Bulk Chemicals Market was valued at USD 8.92 Billion in 2024 and is
expected to reach USD 11.35 Billion by 2030 with a CAGR of 4.10%.
Technological
advancements are reshaping the Saudi Arabia Bulk Chemicals Market, enhancing
efficiency and sustainability. Digitalization, through Industry 4.0
technologies like AI and IoT, optimizes production. Saudi Aramco’s digital twin
systems at Ras Tanura refinery enable real-time process monitoring, reducing
energy use by up to 15% in ethylene production. Green chemistry innovations,
such as SABIC’s bio-based polyethylene, utilize renewable feedstocks like
sugarcane, aligning with the Saudi Green Initiative’s net-zero goals. Catalysis
advancements improve yield in ammonia and methanol production, with Sipchem’s
upgraded catalysts increasing efficiency by 10%. Carbon capture and utilization
(CCU) technologies, supported by KACST, enable CO2 conversion into chemicals
like methanol, reducing emissions. Automation in supply chain management, as
seen in Sadara’s logistics platforms, enhances delivery reliability. These
advancements, backed by IKTVA, foster local innovation, reduce costs, and
position Saudi Arabia as a global leader in sustainable chemical production.
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The Saudi Arabia
Bulk Chemicals Market is segmented into type, end user Industry, regional
distribution, and company.
Based
on end-user industry, the construction segment is expected to dominate the
Saudi Arabia Bulk Chemicals Market during the forecast period, driven by the
country’s ambitious infrastructure and urban development projects under Vision
2030. Massive investments in megaprojects such as NEOM, the Red Sea Project,
Qiddiya, and the Riyadh Metro are significantly increasing demand for bulk
materials including cement, aggregates, sand, and steel. The surge in
residential, commercial, and industrial construction activities further fuels
the need for reliable and large-scale supply of bulk raw materials. Government
policies aimed at diversifying the economy and boosting the real estate and
tourism sectors are contributing to the construction boom, making it the
leading consumer of bulk materials in Saudi Arabia.
Based on region,
the Eastern region has emerged as the fastest-growing segment in the Saudi
Arabia Bulk 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 strong industrial base, particularly in oil, gas, and petrochemicals,
which require large volumes of bulk materials for processing and
infrastructure. The presence of major industrial cities such as Dammam and
Jubail, along with ongoing investments in refinery expansions and logistics
hubs, fuels the demand for construction and industrial bulk materials. The
Eastern region’s strategic location with access to key ports facilitates import
and export of bulk commodities, further accelerating its growth in the Saudi
bulk market.
Major companies
operating in Saudi Arabia Bulk Chemicals Market are:
- BASF Saudi
Arabia Limited
- Saudi Basic
Industries Corporation (SABIC)
- Saudi Arabian
Oil Company (Saudi Aramco)
- National
Industrialization Company
- BCI Group
- Saudi Chemical
Holding Company
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“Driven by construction and petrochemical
growth under Vision 2030, the market sees strong demand for inorganic and
organic chemicals. Construction leads end-user segments, while inorganic
chemicals dominate by type. Challenges include raw material price volatility,
with trends toward green chemistry and digitalization. Saudi Arabia is the
largest market in MEA, with agriculture as the fastest-growing segment. Recent
advancements, like SABIC’s low-carbon ammonia, enhance sustainability.”,
said Mr. Karan Chechi, Research Director, TechSci Research, a research-based
management consulting firm.
“Saudi Arabia
Bulk Chemicals Market, By Type (Inorganic Vs Organic), By End User Industry
(Construction, Automotive, Healthcare, Food & Beverages, Agriculture,
Others), By Region, Competition, Forecast & Opportunities, 2020-2030F”,
has evaluated the future growth potential of Saudi Arabia Bulk 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 Bulk Market.
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