The Saudi Arabia Emulsion Polymers Market size is valued at around USD 32.5 billion in 2024 and is estimated to reach around USD 60.1 billion by 2030. The market is projected to grow at a CAGR of around 6.5% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
Saudi Arabia Emulsion Polymers Market Driver:
Expansion of the Construction Sector Driving Market Growth – The quick expansion of the construction sector is driving the Saudi Arabia Emulsion Polymers Market. A large investment in various infrastructure projects like residential developments and commercial properties leads to an increase in the demand for high-quality and long-lasting paints and coatings. Emulsion polymers are important for these applications as it has brilliant film-forming properties along with durability and resistance to UV radiation and moisture from the environment which can degrade the quality of paints. Hence the demand for these polymers grows as the construction activities increase in the region.
Additionally, government initiatives and economic diversification plans also propelled the construction sector, which further increased the demand for emulsion polymers. The use of advanced coatings and adhesives becomes crucial with the ongoing developments of new urban areas, commercial hubs, and large-scale infrastructure projects. Emulsion polymers play an important role in protecting the infrastructure’s life, quality, and performance standards. This boom in construction driven by government initiatives and economic diversification plans, will increase the demand for emulsion polymers. For instance,
In 2023, The Kingdom with the mission of the Kingdom’s Vision 2030 has unveiled the mega future city project NEOM, which is being built on the shores of the Red Sea.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Saudi Arabia Emulsion Polymers Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- By Type
- Acrylics
- Styrene-butadiene latex
- Vinyl Acetate polymers
- Polyurethane dispersions
- Others (Styrene-acrylics, Nitriles, etc.)
- By Application
- Paints & Coatings
- Adhesives & Sealants
- Paper & Paperboard
- Textiles & Non-woven fabrics
- Others (Personal care products, Print & Packaging, etc.)
- By End User
- Building & Construction
- Automotive
- Textiles & Coatings
- Chemicals
- Others (Retail & E-Commerce, etc.)
- By Region
- Central
- East
- West
- South
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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 looking forward to strengthening their market positions.
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