Product Code: ETC022079 | 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 Resins Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 8.23% in 2025, climbs to a high of 9.64% in 2027, and moderates to 7.14% by 2029.
Saudi Arabia is the largest resin market in the Middle East and North Africa region. The country??s growth in demand for resins is driven by increasing construction activities, rising demand from end-user industries such as automotive, packaging and furniture manufacturing, among others. In addition to this, Saudi Arabia has undertaken several initiatives to ensure a secure supply of petrochemical products, which include investments in its downstream infrastructure. As a result of these developments, the outlook for the Saudi Arabia resins market remains positive over the forecast period (2025-2031).
The major drivers aiding growth of the resins market in Saudi Arabia are an increase in infrastructure development projects across various sectors including residential & commercial buildings and hospitality sector; Growing demand for plastics from end-user industries such as automotive and furniture manufacturing; Expansion of existing polyethylene terephthalate (PET) plants due to boosted usage rates; Rapid urbanization accompanied with increased investment into oil & gas sector leading to higher production capacity; Rising government spending towards environment protection & waste management solutions implemented through use of biodegradable plastics derived from renewable resources. Furthermore government initiatives like Vision 2031 are expected to propel further development across all related industries during 2025-2031.
Fluctuations in prices due to volatile crude oil prices along with fluctuations generated by geopolitical tensions could affect performance of resin businesses operating within Saudi Arabia borders. Additionally cost incurred while managing concerned environmental issues associated with certain types of materials used can be significant burden on manufacturers bottom line profits thus hindering growth potential over long term horizon.
The COVID-19 outbreak has caused massive disruption not only on global economy but also on various industries such as manufacturing sector leading to shutdown or delay in production process due to lockdown imposed across many countries worldwide including Saudi Arabia resulting into decrease of supply chain operations causing decline or stagnation in resin production capacity thereby hampering its sale across end use industries like automotive construction etc., thus impacting negatively on overall revenue generated through sales revenues . However it is believed that post pandemic situation stabilizes demands will slowly pick up again giving boost future growth prospects for these markets globally.
Top Key Players operating in the market are Corelle Corporation, Keter Group, DuPont, and Covestro AG
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 Resins Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Resins Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Resins Market - Industry Life Cycle |
3.4 Saudi Arabia Resins Market - Porter's Five Forces |
3.5 Saudi Arabia Resins Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Saudi Arabia Resins Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Saudi Arabia Resins Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Saudi Arabia Resins Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Resins Market Trends |
6 Saudi Arabia Resins Market, By Types |
6.1 Saudi Arabia Resins Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Resins Market Revenues & Volume, By Types, 2021-2031F |
6.1.3 Saudi Arabia Resins Market Revenues & Volume, By Unsaturated Polyester Resins, 2021-2031F |
6.1.4 Saudi Arabia Resins Market Revenues & Volume, By Alkyd Resins, 2021-2031F |
6.1.5 Saudi Arabia Resins Market Revenues & Volume, By Emulsion Polymers, 2021-2031F |
6.1.6 Saudi Arabia Resins Market Revenues & Volume, By Amino Resins, 2021-2031F |
6.1.7 Saudi Arabia Resins Market Revenues & Volume, By Polyester Resin, 2021-2031F |
6.1.8 Saudi Arabia Resins Market Revenues & Volume, By Polyurethane Resins, 2021-2031F |
6.1.9 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.1.10 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2 Saudi Arabia Resins Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Resins Market Revenues & Volume, By Adhesives, 2021-2031F |
6.2.3 Saudi Arabia Resins Market Revenues & Volume, By Coatings, 2021-2031F |
6.2.4 Saudi Arabia Resins Market Revenues & Volume, By Composites, 2021-2031F |
6.2.5 Saudi Arabia Resins Market Revenues & Volume, By Packaging, 2021-2031F |
6.2.6 Saudi Arabia Resins Market Revenues & Volume, By Paints & Varnishes, 2021-2031F |
6.2.7 Saudi Arabia Resins Market Revenues & Volume, By Foundry Binders, 2021-2031F |
6.2.8 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3 Saudi Arabia Resins Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Resins Market Revenues & Volume, By Electrical and Electronics, 2021-2031F |
6.3.3 Saudi Arabia Resins Market Revenues & Volume, By Automotive, 2021-2031F |
6.3.4 Saudi Arabia Resins Market Revenues & Volume, By Civil Engineering, 2021-2031F |
6.3.5 Saudi Arabia Resins Market Revenues & Volume, By Marine and Shipbuilding, 2021-2031F |
6.3.6 Saudi Arabia Resins Market Revenues & Volume, By Healthcare, 2021-2031F |
6.3.7 Saudi Arabia Resins Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.3.8 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Saudi Arabia Resins Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Resins Market Import-Export Trade Statistics |
7.1 Saudi Arabia Resins Market Export to Major Countries |
7.2 Saudi Arabia Resins Market Imports from Major Countries |
8 Saudi Arabia Resins Market Key Performance Indicators |
9 Saudi Arabia Resins Market - Opportunity Assessment |
9.1 Saudi Arabia Resins Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Saudi Arabia Resins Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Saudi Arabia Resins Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Saudi Arabia Resins Market - Competitive Landscape |
10.1 Saudi Arabia Resins Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Resins Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |