UAE
Bulk Chemicals market is anticipated to observe impressive growth during the
forecast period, 2024-2028. The major factors include massive demand from
various end-use industries such as healthcare, food & beverage, automotive,
construction, agriculture, and focus of extensive R&D by manufacturers,
augmenting the growth of the market. Commodity chemicals or basic chemicals are
other names for bulk chemicals. These are basic commodities are frequently
mass-produced to meet the demands of the chemicals market worldwide. These
goods are mostly employed as intermediate chemicals that are used to create a
variety of consumer goods. Throughout the chemical industry, bulk chemicals
make up a sizable portion. Bulk chemicals account for a sizeable component of
the entire chemical sector. Petrochemicals, polymers, and other subsectors are
included in the segment. Due to the exceedingly low levels of product
differentiation among these compounds, the market's expansion is particularly
price sensitive. This segment's value chain comprises of industries like
construction, clothes, tyres, etc.
In
the future, the market's broad uses will generate a variety of direct,
indirect, and induced jobs in this industry. Employment growth is expected
significantly grow throughout the projection year because to the rising demand
from textile industries where bulk chemical act as bleach activators.
The
other factors supporting the market’s growth are increasing
demand of agrochemicals with increasing population and replacing fossil-based
predecessors with biochemicals for eco-friendly approach for
industrialization. Both the supply and demand sides of the polymer market show gains.
Petrochemicals,
on the other hand, depict supply-side benefit in markets including bulk
chemicals. The existence of enormous quantities of hydrocarbon-based raw
materials in this area is crucial for the chemical production facilities. The
country's economy benefits from the plentiful supply of petroleum feedstock. Additionally,
the demand from synthetic rubber industry for their main constituents including
styrene and 1-3-butadiene is rising the UAE Bulk Chemicals Market in the
forecast period.
Synthetic
rubber has tremendous applications in automotive, electronics, construction,
medical, and healthcare industries which fabricate rising demand for the Bulk
Chemical Market in UAE. Also, the increasing environmental concerns, and
disposal and water treatment generate massive demand for polyacrylamide. In
addition, there is a huge need for polyacrylamide due to rising environmental
concerns, waste disposal, and water treatment. Advancement in the technologies
further increases the growth of UAE Bulk Chemicals. According
to Federal Competitiveness and Statistics Authority, in 2019 primary polymers
of propylene, was the 9th largest product group exported from the UAE to the
rest of the globe, data. Also, the information reveals that UAE exports of polymers
of propylene increased by 16% in 2018 to USD 0.68 billion.
Download Free Sample Report
Rising
Demand from Industrial Rubber market
The
industrial rubber market in the UAE offers considerable growth. Styrene and
Butadiene are two widely used bulk chemicals used to produce synthetic rubber. The expansion of the market is anticipated to be fueled in the upcoming
years by the increased use of industrial rubber in packaging, manufacturing,
engineering, and construction because of creation of unique products. Compared to natural rubber, industrial rubber is more heat, abrasion,
grease, and oil resistant. In fact, some types of synthetic rubber resist
flames. Industrial rubber is extremely flexible, just like natural rubber, but
it keeps that suppleness even in cold conditions. Industrial rubber can be made
using techniques that are highly resistant to corrosion and high temperatures.
Industrial rubber has huge demand in various industries, including electrical
& electronics for wire production, automotive and various industrial
manufacturing. For the surface layer of a highway, rubber aggregate may be
preferable than ordinary aggregate. The issue of heat cracking and persistent
deformation is resolved by the rubber aggregate. Additionally, Industrial
rubber can resist higher temperatures when used for road construction. It can
withstand water effects. Apart from this, Waste tire disposal will not be an
issue anymore. The use of old tyres on the road makes it easier to find a place
to buy the waste tires without worry about disposal. Additionally, it has the capacity to tolerate the effects of water. In
addition, there will not be a problem with waste tire disposal anymore. Finding
a place to acquire the waste tires without having to worry about disposal is
made easier merits to the use of old tires on the roads. In addition,
increasing demand for industrial rubber for non-tire applications is
anticipated to fuel market expansion in the UAE Industrial rubber, which in
turn boosts the growth of UAE Bulk Chemical Market. Further, the growth of the
market is predicted to increase as rubber is being used in footwear and other
consumer items like mats and protective covers. Apart from tyres, industrial
rubber is employed to produce brake pads, seals, and airbags. According to
the Department of Economics, Government of Sharjah, Dubai has around 260
industrial rubber producing plants.
Increasing
demand from multiple end-user industry
Bulk
chemicals are the base material for all the specialty chemicals. Hence, demand
for any specialty chemical will resonate with the UAE Bulk Chemical Market. Sulfuric
acid has an extensive application in textile, leather, and metal working
industries. A semi-synthetic fabric, Rayon which is widely used in hot and
tropical areas is produced from sulfuric acid. The production of detergents, oil and gas sectors, and the leather
industry all benefit from it. It is the most important laboratory reagent for
research and development. Moreover, it is employed in the processing of
minerals, the creation of explosives, detergents, cleaning agents, and synthesis
of aluminum sulphate for the paper industry. In addition, it is utilized in the
production of batteries, disinfectants, trisodium phosphate, printing ink,
paper, perfume, dehydrating agents, and pharmaceuticals thus augmenting the UAE
Bulk Chemicals Market. Also, Sodium Bisulfite Solution is an elementary product
for various pharmaceuticals, chemical, water treatment, textile, and leather
industries. Sodium Bisulfite is a reducing agent and used for the prevention of
oxidation of commercial wines to conserve the real taste. In water treatment
plants, Sodium Bisulfite removes excess chlorine and makes water drinkable. It removes
metal traces from industrial water. At Gulfood 2023, the vice president of
UAE announces
ensuring ecosystem and supply chain resilience
and ensuring food security in the upcoming years. Additionally, sodium bisulfite has colossal usage in pharmaceutical
industries for parasitic skin diseases. Sodium hypochlorite is used as a
bleaching agent in various industries including paper, cellulose, and textile.
In lieu, Potassium Sulfite is used in photographic and water treatment industries
as an oxidizing reagent. Further, textile and paper industries, and soda ash
can be employed as a bleaching agent in glass and silicate industries, hence
growing industrial development has a direct effect on the growth of UAE Bulk
Chemical Market. According to the Indonesian Pulp and Paper Association, UAE
is the highest paper consuming region.
Recent
Developments
- A $2 billion joint venture chemicals production facility was the
subject of an agreement between TA'ZIZ and India's Reliance Industries in May
2022. (ADNOC Media). A joint venture was formed by TA'ZIZ with the Dutch business
Fertiglobe to construct a blue ammonia factory in Ruwais with a maximum annual
capacity of 1 million tonnes.
- In June 2022, for the
"Make it in the Emirates" over 20 big industries signed Expressions
of Interest for activities in the TA'ZIZ Light Industrial and Services Zones.
- Fortune
Emirates General Trading LLC participated in UTECH Middle East Foam and
Polyurethane Expo to showcase its chemical products and help researchers,
manufacturers, and technical experts.
- In 44th
International Association of Energy Economics Conference, the SABIC official
announces investment of USD 1.3 billion during the second stage of energy
transition.
- In
December 2021, Taj Al Mulook aims to cut down their carbon footprints over the
next ten years and moves towards the green and environment friendly approach
towards manufacturing.
Market Segmentation
UAE
Bulk Chemicals market is segmented into Type, End user and Region. Based on Type, the market is divided into Organic and Inorganic. In
terms of End
User Industry, the market is divided into Healthcare, Food & Beverage,
Automotive, Construction, Agriculture, and Others. In terms of region, the
market is segmented into Western,
Northern & Central, Eastern, Southern.
Market Players
BASF UAE, SABIC Dubai, Al Mulook, Petrochem,
Kemsol Limited, Tawazon Chemical Company
LLC, Trice Chemicals IND LLC, Fortune Emirates General Trading LLC are some of
the leading companies operating in the market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 – 2021
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million, Volume Units and
CAGR for 2018-2022 and 2023-2028
|
|
Report coverage
|
Revenue forecast, Volume forecast company share, competitive
landscape, growth factors, and trends
|
|
Segments covered
|
Type
Enduser
Company
|
|
Regional scope
|
Northern & Central, Southern, Eastern, and Western
|
|
Key companies profiled
|
BASF UAE, SABIC Dubai, Al Mulook,
Petrochem, Kemsol Limited, Tawazon
Chemical Company LLC, Trice Chemicals IND LLC, Fortune Emirates General
Trading LLC
|
|
Customization scope
|
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet
your exact research needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
|
Report Scope:
In this report, UAE Bulk Chemicals
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
UAE Bulk Chemicals Market by Type
o Organic
o Inorganic
·
UAE Bulk Chemicals Market, By End-user
o
Healthcare
o
Food & Beverage
o
Automotive
o
Construction
o
Agriculture
o
Others.
·
UAE Bulk Chemicals Market, By Region:
o
Northern
& Central
o
Southern
o
Eastern
o
Western
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present UAE Bulk Chemicals Market .
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
UAE Bulk Chemicals Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]