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Saudi Arabia Engineering Plastics Market Size

The Saudi Arabia engineering plastics market is poised for significant growth, driven by increased resin consumption in the packaging, electrical, and electronics sectors. As the largest consumer of resins, the packaging industry is experiencing a surge due to the rising demand for convenience foods and the growth of e-commerce, which are enhancing the market's scale. Additionally, advancements in technology and the expanding electronics market are expected to further boost the market's dimensions. With these trends, the engineering plastics market in Saudi Arabia is set to expand its footprint in the region.

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Market Size of saudi arabia engineering plastics Industry

Saudi Arabia Engineering Plastics Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.29 Billion
svg icon Market Size (2029) USD 1.86 Billion
svg icon Largest Share by End User Industry Packaging
svg icon CAGR (2024 - 2029) 7.64 %
svg icon Fastest Growing by End User Industry Building and Construction
svg icon Market Concentration High

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Saudi Arabia Engineering Plastics Market Analysis

The Saudi Arabia Engineering Plastics Market size is estimated at 1.29 billion USD in 2024, and is expected to reach 1.86 billion USD by 2029, growing at a CAGR of 7.64% during the forecast period (2024-2029).

1.29 Billion

Market Size in 2024 (USD)

1.86 Billion

Market Size in 2029 (USD)

7.99 %

CAGR (2017-2023)

7.64 %

CAGR (2024-2029)

Largest Market by End-user Industry

61.66 %

value share, Packaging, 2023

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Due to the wide range of applications, including bottles, jars, and containers, specifically in the food and beverage industry, the packaging segment occupied the major share.

Fastest Growing Market by End-user Industry

8.88 %

Projected CAGR, Building and Construction, 2024-2029

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The construction segment is expected to witness the fastest growth due to the superior properties of engineering plastics, such as lightweight, good impact resistance, higher flexibility, and fire resistivity.

Largest Market by Resin Type

57.94 %

value share, Polyethylene Terephthalate (PET), 2023

With widespread applications in the packaging industry and the rising demand for PET sheets and films, PET resin occupies the largest market share.

Fastest Growing Market by Resin Type

8.92 %

Projected CAGR, Liquid Crystal Polymer (LCP), 2024-2029

Owing to the rising demand for high-performance, smaller, and thinner electrical components, LCP resin is projected to witness the fastest growth during the forecast period.

Leading Market Player

78.58 %

market share, SABIC, 2022

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In 2022, the company held the largest market share, with a huge production capacity of around 1 million tons per year of polymer resin in Saudi Arabia. The company offers polycarbonate and ABS resins for various industrial applications.

Packaging industry to remain dominant during the forecast period

  • Saudi Arabia’s engineering plastics market ranked second in the Middle East, accounting for around 29.57% in value in 2022. One of the primary drivers of the increase in resin consumption is the rising usage in the packaging, electrical, and electronics industries.
  • The packaging industry is the country's largest consumer in the resins market, with a value growth rate of 25.64% in 2022 compared to the previous year. Packaging material consumption has increased due to increased demand for ready-to-eat convenience foods and the emerging trend of on-the-go lifestyles, which has boosted the consumption of resin. The growing trend of online shopping through e-commerce websites is also expected to drive the packaging industry forward in the future. The country’s food and beverage industry is the largest in the Middle East region, with a value of around USD 45 billion registered in 2021. The plastic packaging production in the country is projected to reach around 3.01 million tons in 2029 from 2.01 million tons in 2022. The country's rising plastic packaging production will likely drive demand for resins in the future.
  • The resins for the electrical and electronics industry in the country accounted for around 5.70% of the total market share by value in 2022. The rise in demand for advanced technologies, such as digitalization, robotics, VR/AR, IoT (Internet of Things), and 5G connectivity, is expected to grow in the future. As a result of technological advancements, demand for electronics is expected to rise during the forecast period. The electronics market in the country is projected to reach a market volume of around USD 6.73 billion by 2027 from USD 3.99 billion in 2023. These factors are projected to drive the demand for engineering plastics in the country in the future.
Saudi Arabia Engineering Plastics Market

Saudi Arabia Engineering Plastics Industry Segmentation

Aerospace, Automotive, Building and Construction, Electrical and Electronics, Industrial and Machinery, Packaging are covered as segments by End User Industry. Fluoropolymer, Liquid Crystal Polymer (LCP), Polyamide (PA), Polybutylene Terephthalate (PBT), Polycarbonate (PC), Polyether Ether Ketone (PEEK), Polyethylene Terephthalate (PET), Polyimide (PI), Polymethyl Methacrylate (PMMA), Polyoxymethylene (POM), Styrene Copolymers (ABS and SAN) are covered as segments by Resin Type.

  • Saudi Arabia’s engineering plastics market ranked second in the Middle East, accounting for around 29.57% in value in 2022. One of the primary drivers of the increase in resin consumption is the rising usage in the packaging, electrical, and electronics industries.
  • The packaging industry is the country's largest consumer in the resins market, with a value growth rate of 25.64% in 2022 compared to the previous year. Packaging material consumption has increased due to increased demand for ready-to-eat convenience foods and the emerging trend of on-the-go lifestyles, which has boosted the consumption of resin. The growing trend of online shopping through e-commerce websites is also expected to drive the packaging industry forward in the future. The country’s food and beverage industry is the largest in the Middle East region, with a value of around USD 45 billion registered in 2021. The plastic packaging production in the country is projected to reach around 3.01 million tons in 2029 from 2.01 million tons in 2022. The country's rising plastic packaging production will likely drive demand for resins in the future.
  • The resins for the electrical and electronics industry in the country accounted for around 5.70% of the total market share by value in 2022. The rise in demand for advanced technologies, such as digitalization, robotics, VR/AR, IoT (Internet of Things), and 5G connectivity, is expected to grow in the future. As a result of technological advancements, demand for electronics is expected to rise during the forecast period. The electronics market in the country is projected to reach a market volume of around USD 6.73 billion by 2027 from USD 3.99 billion in 2023. These factors are projected to drive the demand for engineering plastics in the country in the future.
End User Industry
Aerospace
Automotive
Building and Construction
Electrical and Electronics
Industrial and Machinery
Packaging
Other End-user Industries
Resin Type
Fluoropolymer
By Sub Resin Type
Ethylenetetrafluoroethylene (ETFE)
Fluorinated Ethylene-propylene (FEP)
Polytetrafluoroethylene (PTFE)
Polyvinylfluoride (PVF)
Polyvinylidene Fluoride (PVDF)
Other Sub Resin Types
Liquid Crystal Polymer (LCP)
Polyamide (PA)
By Sub Resin Type
Aramid
Polyamide (PA) 6
Polyamide (PA) 66
Polyphthalamide
Polybutylene Terephthalate (PBT)
Polycarbonate (PC)
Polyether Ether Ketone (PEEK)
Polyethylene Terephthalate (PET)
Polyimide (PI)
Polymethyl Methacrylate (PMMA)
Polyoxymethylene (POM)
Styrene Copolymers (ABS and SAN)
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Saudi Arabia Engineering Plastics Market Size Summary

The Saudi Arabia engineering plastics market is experiencing significant growth, driven by increased demand in the packaging, electrical, and electronics sectors. The packaging industry, in particular, is the largest consumer of resins, fueled by the rising demand for ready-to-eat convenience foods and the trend towards on-the-go lifestyles. This surge in packaging material consumption is further supported by the growth of e-commerce, which is expected to continue driving the market forward. The country's food and beverage industry, the largest in the Middle East, plays a crucial role in this demand. Additionally, the electrical and electronics industry is witnessing a rise in demand due to advancements in technologies such as digitalization, robotics, and 5G connectivity. This technological progress is anticipated to boost the demand for engineering plastics, as the electronics market in Saudi Arabia continues to expand.

The market is fairly consolidated, with major players like PCC, Rabigh Refining and Petrochemical Company, SABIC, Saudi Methacrylates Company, and Sipchem Company dominating the landscape. Recent strategic moves, such as Celanese Corporation's acquisition of DuPont's Mobility & Materials business and Alpek's acquisition of OCTAL, have enhanced the product offerings and capacity in the region. These developments are expected to meet the increasing demand for engineered thermoplastics and PET resins. The market's growth trajectory is supported by government investments and the establishment of manufacturing plants by global companies, which align with Saudi Arabia's Vision 2030 initiative. This initiative aims to bolster the country's technological infrastructure, further driving the demand for engineering plastics in the coming years.

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Saudi Arabia Engineering Plastics Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 End User Industry

      1. 1.1.1 Aerospace

      2. 1.1.2 Automotive

      3. 1.1.3 Building and Construction

      4. 1.1.4 Electrical and Electronics

      5. 1.1.5 Industrial and Machinery

      6. 1.1.6 Packaging

      7. 1.1.7 Other End-user Industries

    2. 1.2 Resin Type

      1. 1.2.1 Fluoropolymer

        1. 1.2.1.1 By Sub Resin Type

          1. 1.2.1.1.1 Ethylenetetrafluoroethylene (ETFE)

          2. 1.2.1.1.2 Fluorinated Ethylene-propylene (FEP)

          3. 1.2.1.1.3 Polytetrafluoroethylene (PTFE)

          4. 1.2.1.1.4 Polyvinylfluoride (PVF)

          5. 1.2.1.1.5 Polyvinylidene Fluoride (PVDF)

          6. 1.2.1.1.6 Other Sub Resin Types

      2. 1.2.2 Liquid Crystal Polymer (LCP)

      3. 1.2.3 Polyamide (PA)

        1. 1.2.3.1 By Sub Resin Type

          1. 1.2.3.1.1 Aramid

          2. 1.2.3.1.2 Polyamide (PA) 6

          3. 1.2.3.1.3 Polyamide (PA) 66

          4. 1.2.3.1.4 Polyphthalamide

      4. 1.2.4 Polybutylene Terephthalate (PBT)

      5. 1.2.5 Polycarbonate (PC)

      6. 1.2.6 Polyether Ether Ketone (PEEK)

      7. 1.2.7 Polyethylene Terephthalate (PET)

      8. 1.2.8 Polyimide (PI)

      9. 1.2.9 Polymethyl Methacrylate (PMMA)

      10. 1.2.10 Polyoxymethylene (POM)

      11. 1.2.11 Styrene Copolymers (ABS and SAN)

Saudi Arabia Engineering Plastics Market Size FAQs

The Saudi Arabia Engineering Plastics Market size is expected to reach USD 1.29 billion in 2024 and grow at a CAGR of 7.64% to reach USD 1.86 billion by 2029.

In 2024, the Saudi Arabia Engineering Plastics Market size is expected to reach USD 1.29 billion.

Saudi Arabia Engineering Plastics Market Report Snapshots

Saudi Arabia Engineering Plastics Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029