Saudi Arabia Plastics Materials and Resins Market (2024-2030) | Share, Forecast, Revenue, Growth, Size, Analysis, Outlook, Trends, Industry, Companies & Value

Market Forecast By Type (Polypropylene (PP), High-density polyethylene (PE-HD), Polyvinyl chloride (PVC), Polyethylene terephthalate (PET)), By Applications (Chemical Industry, Coating & Printing Industry, Electronics Industry, Food & Pharmaceutical Industry, Others) And Competitive Landscape
Product Code: ETC037520 Publication Date: Jul 2023 Updated Date: Jan 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Plastics Materials and Resins Market Synopsis

The Saudi Arabia plastics materials and resins market is estimated to register a CAGR of 6.5% over the forecast period (2020-2026). The growing demand from various end-use industries, such as packaging, building & construction, automotive, electrical & electronics and others have been driving the growth of the market in Saudi Arabia. Moreover, government initiatives towards energy efficiency that encourage manufacturers to use plastic products instead of metal or glass products are expected to drive market growth further. Furthermore, introduction of bioplastics coupled with R&D activities for producing advanced biopolymers are likely to create lucrative opportunities for industry participants in the coming years.

Market Drivers

Packaging accounts for more than 40% of total production volume in 2018 owing to its wide usage across various sectors including food & beverages and home care products among other applications The rising demand from end user application including consumer goods sector due to changing lifestyle patterns will surge the product adoption rate over the forecast period 2020-2026. Government initiative towards energy efficiency encourages manufacturers using plastic material instead of metals or glasses which leads high transformation in terms oil consumption resulting cost efficient manufacturing process making it an attractive option for automakers thus accelerating overall industry growth. The increasing number sales vehicles worldwide has significantly driven up commercial requirement especially polypropylene resin used widely in automotive component production which include bumpers seat coverings interior trim components door panels dashboard components airbags etc this factor plays a major role on shaping global plastics resins markets trend during upcoming year.

Challenges of the Market

Several substitutes available such as wood paper glass ceramics etc however its popularity remain intact despite availability these alternatives due its superior qualities however volatility raw material prices can be challenge hindering industry development. Use non recyclable plastic bags may lead environmental concerns hampering industry profitability However implementation stringent policy regulations help reduce pollution levels specific purpose enhancing sustainable management practices within organization.

Covid 19 Impact on the Market

The COVID-19 pandemic has had a slight positive impact on the plastics material & resin industry in Saudi Arabia by creating an opportunity to introduce innovative packaging solutions for food items that can be used while maintaining hygiene standards. Moreover, several manufacturers have increased their production capacities due to greater customer demands for protective gear such as face masks and gloves with different types of packing films or bags made out of plastic products or raw materials like polyethylene terephthalate (PET) resin etc., aiding in boosting overall growth prospects of this market over short term horizon.

key players of the Market

Some key players operating in the Saudi Arabia plastics material & resin industry include BASF SE; DowDuPont Inc.; ExxonMobil Corporation; LyondellBasell Industries Holdings BV; SABIC; Sinopec Corp.; Trinseo SA; Versalis SPA; Total SA.; Petro Rabigh Refining & Petrochemical Co Ltd., amongst others. These companies adopt strategies like mergers & acquisitions collaboration agreements , new product launches etc., to enhance their presence across various application segments within region??s potential plastic material & resin markets.

Key Highlights of the Report:

  • Saudi Arabia Plastics Materials and Resins Market Outlook
  • Market Size of Saudi Arabia Plastics Materials and Resins Market, 2023
  • Forecast of Saudi Arabia Plastics Materials and Resins Market, 2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Plastics Materials and Resins Market Trend Evolution
  • Saudi Arabia Plastics Materials and Resins Market Drivers and Challenges
  • Saudi Arabia Plastics Materials and Resins Price Trends
  • Saudi Arabia Plastics Materials and Resins Porter's Five Forces
  • Saudi Arabia Plastics Materials and Resins Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Polypropylene (PP) for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By High-density polyethylene (PE-HD) for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Polyvinyl chloride (PVC) for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Polyethylene terephthalate (PET) for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Applications for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Chemical Industry for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Coating & Printing Industry for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Electronics Industry for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Food & Pharmaceutical Industry for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Plastics Materials and Resins Market Revenues & Volume By Others for the Period 2020-2030
  • Saudi Arabia Plastics Materials and Resins Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Applications
  • Saudi Arabia Plastics Materials and Resins Top Companies Market Share
  • Saudi Arabia Plastics Materials and Resins Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Plastics Materials and Resins Company Profiles
  • Saudi Arabia Plastics Materials and Resins Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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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 Plastics Materials and Resins Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Plastics Materials and Resins Market - Industry Life Cycle

3.4 Saudi Arabia Plastics Materials and Resins Market - Porter's Five Forces

3.5 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume Share, By Applications, 2020 & 2030F

4 Saudi Arabia Plastics Materials and Resins Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Plastics Materials and Resins Market Trends

6 Saudi Arabia Plastics Materials and Resins Market, By Types

6.1 Saudi Arabia Plastics Materials and Resins Market, By Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Polypropylene (PP), 2020-2030F

6.1.4 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By High-density polyethylene (PE-HD), 2020-2030F

6.1.5 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Polyvinyl chloride (PVC), 2020-2030F

6.1.6 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Polyethylene terephthalate (PET), 2020-2030F

6.2 Saudi Arabia Plastics Materials and Resins Market, By Applications

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Chemical Industry, 2020-2030F

6.2.3 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Coating & Printing Industry, 2020-2030F

6.2.4 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Electronics Industry, 2020-2030F

6.2.5 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Food & Pharmaceutical Industry, 2020-2030F

6.2.6 Saudi Arabia Plastics Materials and Resins Market Revenues & Volume, By Others, 2020-2030F

7 Saudi Arabia Plastics Materials and Resins Market Import-Export Trade Statistics

7.1 Saudi Arabia Plastics Materials and Resins Market Export to Major Countries

7.2 Saudi Arabia Plastics Materials and Resins Market Imports from Major Countries

8 Saudi Arabia Plastics Materials and Resins Market Key Performance Indicators

9 Saudi Arabia Plastics Materials and Resins Market - Opportunity Assessment

9.1 Saudi Arabia Plastics Materials and Resins Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Saudi Arabia Plastics Materials and Resins Market Opportunity Assessment, By Applications, 2020 & 2030F

10 Saudi Arabia Plastics Materials and Resins Market - Competitive Landscape

10.1 Saudi Arabia Plastics Materials and Resins Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Plastics Materials and Resins Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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