Saudi Arabia Specialty Chemicals Market: Unveiling the Roadmap for Future Growth and Innovation
According to TechSci Research report, “Saudi Arabia Specialty Chemicals Market- Industry Size, Share, Trends, Forecast and Opportunities, 2018-2028”, Saudi Arabia Specialty Chemicals Market Size is USD 16,551.03 in 2022 and is anticipated to register a CAGR of 4.34% during the forecast period. Specialty chemicals are used in a wide range of industries, such as paints and coatings, textiles, mining, plastic additives, and others. Specialty chemicals include things such as antibiotics, adhesives, and pesticides since they are made in small quantities to fill specialized needs. For instance, antibiotics are created to deal with the issues brought on by a specific disease.
Furthermore, the construction and building repair industries employ construction chemicals. These materials give the concrete its water tightness, boost its quality and strength, and protect concrete structures from damage brought on by the environment.
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Saudi Arabia Specialty Chemicals Market is segmented based on application and region.
Based on application, the market is categorized into construction chemicals, dyes & pigments, agrochemicals, and surfactants, others. Construction chemicals are expected to hold the largest market share during the forecast period, 2024-2028. Construction chemicals are used by the construction and civil repair industries. These substances provide water tightness, improve the quality and strength of concrete, and shield concrete structures from deterioration brought on by the atmosphere.
Major companies operating in the Saudi Arabia Specialty Chemicals Market are:
Saudi Basic Industries Corporation
Saudi Arabian Oil Company
Rabigh Refining & Petrochemical Company
Saudi Kayan Petrochemical Company
Saudi International Petrochemical Company
Gulf Stabilizers Industries
NAMA Chemicals Co.
National Industrialization Company (Tasnee)
Advanced Petrochemical Company
Chevron Phillips Chemical Company, LLC
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“Saudi Arabia Specialty Chemicals market is expected to grow at the highest rate during the forecast period. This is because increasing demand from automotive industry due to its widespread usage in brake fluid, antifreeze, rust inhibitors, radiator seals, engine and transmission additives, auto cleaners, polishes, and waxes,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Saudi Arabia Specialty Chemicals Market- Industry Size, Share, Trends, Forecast and Opportunities, 2018-2028. Segmented By Application (Construction Chemicals, Dyes & Pigments, Agrochemicals, Surfactants, Others), By Region and Competition, has evaluated the future growth potential of Saudi Arabia Specialty Chemicals Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia Specialty Chemicals Market.”
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