Product Code: ETC065938 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Acrylic Resins Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 8.50% in 2025, the market peaks at 9.71% in 2027, and settles at 6.76% by 2029.
Acrylic resins are synthetic polymers that are made up of derivatives of acrylic acid, and they have numerous industrial applications. The market for acrylic resin in Saudi Arabia has been growing at a steady pace over the past few years due to increasing demand from building & construction and other manufacturing sectors such as automotive and electronics. Furthermore, expanding downstream production has also led to increased consumption of acrylic resins in the country.
The major driving factors behind growth in the Saudi Arabia Acrylic Resin market include increasing investments by government towards infrastructure development, rising disposable incomes among consumers, improving quality standards regarding raw materials used for construction activities along with technological advancements which enables manufacturers to produce better-quality products at low cost. Moreover, advances in product development through research & innovation is further expected to fuel the growth of this industry during the forecast period. Additionally, stringent regulations on environmental protection is anticipated to propel market growth during coming years.
High initial investment costs for setting up plants coupled with lower profit margins may act as one of major restraints for this industry??s expansion going forward into future time horizons. Other challenges include fluctuating crude oil prices together with political instability which could hamper business operations within this sector thereby limiting its growth potential across regions like Saudi Arabia where these issues are more prevalent than most countries around world markets today.
COVID-19 pandemic situation has adversely affected almost all businesses present globally today without exception exactly same applies when it comes specifically towards how much impact did crisis had upon acrylic resins related operations too since many key players have experienced.
Saudi Basic Industries Corporation (SABIC), Gulf Advanced Chemical Industries Co. Ltd (GACI), Arabia Acrylic Monomer Company (AAMCO), and Al-Rashed Group of Companies/Saudi Polymers Company are some major players operating int he market and thriving in the market growth at a tremendous rate.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Acrylic Resins Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Acrylic Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Acrylic Resins Market - Industry Life Cycle |
3.4 Saudi Arabia Acrylic Resins Market - Porter's Five Forces |
3.5 Saudi Arabia Acrylic Resins Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Acrylic Resins Market Revenues & Volume Share, By Property, 2021 & 2031F |
3.7 Saudi Arabia Acrylic Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Saudi Arabia Acrylic Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Acrylic Resins Market Trends |
6 Saudi Arabia Acrylic Resins Market, By Types |
6.1 Saudi Arabia Acrylic Resins Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Methacrylates, 2018 - 2031F |
6.1.4 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Acrylates, 2018 - 2031F |
6.1.5 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Hybrids, 2018 - 2031F |
6.2 Saudi Arabia Acrylic Resins Market, By Property |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Thermoplastic, 2018 - 2031F |
6.2.3 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Thermosetting, 2018 - 2031F |
6.3 Saudi Arabia Acrylic Resins Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Paints & Coatings, 2018 - 2031F |
6.3.3 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Construction, 2018 - 2031F |
6.3.4 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Medical, 2018 - 2031F |
6.3.5 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Paper & Paperboard, 2018 - 2031F |
6.3.6 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Textiles, 2018 - 2031F |
6.3.7 Saudi Arabia Acrylic Resins Market Revenues & Volume, By Fibers & Adhesives, 2018 - 2031F |
7 Saudi Arabia Acrylic Resins Market Import-Export Trade Statistics |
7.1 Saudi Arabia Acrylic Resins Market Export to Major Countries |
7.2 Saudi Arabia Acrylic Resins Market Imports from Major Countries |
8 Saudi Arabia Acrylic Resins Market Key Performance Indicators |
9 Saudi Arabia Acrylic Resins Market - Opportunity Assessment |
9.1 Saudi Arabia Acrylic Resins Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Acrylic Resins Market Opportunity Assessment, By Property, 2021 & 2031F |
9.3 Saudi Arabia Acrylic Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Saudi Arabia Acrylic Resins Market - Competitive Landscape |
10.1 Saudi Arabia Acrylic Resins Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Acrylic Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |