Press Release

A USD 32.5 Billion Saudi Arabia Emulsion Polymers Market to Reach Around USD 60.1 Billion Mark by 2030

The Saudi Arabia Emulsion Polymers Market size is valued at around USD 32.5 billion in 2024 and is anticipated to reach around USD 60.1 billion by 2030. The market is estimated to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in the recent research report. The Saudi Arabia Emulsion Polymers Market gets a boost with the enlargement of Saudi Arabia’s construction sector. Big funding for infrastructure projects like residential and business buildings extended the need for high-quality, long-lasting paints and coatings. Emulsion polymers are important as they can protect the infrastructure from dangerous UV rays and moisture, which maintains the coating performance.

Moreover, the market aims to collaborate international firms with local players to leverage private sector innovations and resources. This collaboration will encourage the advanced technologies to meet the increasing demand which benefits local industries as well as consumers. Such collaborations are anticipated to develop a bright market landscape for market players to grow & expand their business operations. Ultimately, such conditions are projected to augment the size & volume of the emulsion polymers industry in Saudi Arabia.

However, the market does have some challenges like fluctuating raw material prices and supply chain disruptions. These fluctuations in raw material prices can lead to an increase the production costs and eventually raise the price of the final product and hamper consumer demand. These challenges impact the profitability and production efficiency negatively and create hurdles for the emulsion polymer companies.

Despite these hurdles, there is a substantial shift in clients’ preference towards eco-friendly and sustainable solutions in the emulsion polymer industry. Increasing cognizance of environmental sustainability is driving the demand for sustainable solutions in the market. As government regulations and consumer preferences shift towards eco-friendly alternatives, the market for eco-friendly emulsion polymers is expanding, further states the research report, “Saudi Arabia Emulsion Polymers Market Analysis, 2024”.

Segmentation Analysis:

Building & Construction Segment Holds the Largest Market Share

Based on the end user, the market is further bifurcated into building & construction, automotive, textiles & coatings, chemicals, and others (Retail & E-Commerce, etc.). The building & construction segment dominated the market with the largest market share. The dominant position of this segment can be the result of large-scale construction activities, and ongoing mega projects in the country. The increasing development of infrastructure & construction activities in Saudi Arabia increased the demand for polymers as they improve strength, durability, and resistance to water, moisture, and UV rays. As a result, the rise in construction activity generates the need for emulsion polymers, hence boosting segmental revenue growth and ultimately augmenting the size & volume of the emulsion polymers industry.

The East Region Leads the Saudi Arabia Emulsion Polymers Market

Due to diverse industrial and economic activities in the region, the East region currently leads the Saudi Arabian Emulsion Polymers Market. East of Saudi Arabia in the vicinity of the city of Dhahran is the biggest industrial & petrochemical hub. There was a strong need for paints and coatings in this region due to significant investments in buildings and infrastructure. Its favorable location on the Gulf coast also facilitates access to international markets which heightens the East's prominence in the regional emulsion polymer market. As a result, the Eastern region is dominating the Saudi Arabian market for emulsion polymers due to the concentration of industrial facilities and economic activity.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies Dow Materials Science Saudi Arabia Limited, BASF Saudi Arabia Co. Ltd., JIFTEX Polymers, Obegi Chemicals Group, Biolab Arabia LTD. Co., Celanese Corporation, Wacker Chemie AG, DIC Corporation, Arkema Group, SNF Group, and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?