Middle East Specialty Chemicals Market Expanding at a CAGR of 4.8% during 2024-2030
The Middle East Specialty Chemicals Market size was valued at around USD 78 billion in 2023 and is estimated to grow at a CAGR of around 4.8% during the forecast period, i.e., 2024-30. The market is growing rapidly due to increasing demand from various industries such as automotive, construction, aerospace, food and beverage, agriculture, electronics, pharmaceutical, textile, and personal care.
Top leading companies in the Middle East Specialty Chemicals Market includes:
Saudi Basic Industry Corporation(SABIC), Sadara Chemical Company, Saudi Specialty Chemical Industries Co Ltd., Thebe Unico, AECI Ltd., Clariant AG, AkzoNobel N.V., Evonik Industries AG, BASF SE, DowDuPont Inc., and others.
Middle East Specialty Chemicals Market Driver:
Growing Demand from End-Use Industries Driving Market Growth – The expansion of different end-use industries, which include construction, electronics, medical, automotive, and packaging is raising the demand for specialty chemicals. Almost every industrial sector consumes specialty chemicals. So, the demand for specialty chemicals is increasing and will increase in the future as well due to increasing consumer-driven industries. The automotive industry is one of the biggest consumers of specialty chemicals. A few automobile parts, including coatings, tires, and adhesives use specialty chemicals in their manufacturing to enhance their durability and performance. As these sectors are continuously innovating and developing the demand for specialty chemicals will keep on increasing in the region.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Type
-Pharmaceuticals
-Active Pharmaceutical Ingredients (APIs)
-Solvents
-Reagents
-Others
By Mining
-Frothers
-Flocculants
-Collectors
-Grinding Aids
-Others
By Water & Waste Water Treatment
-Coagulants & Flocculant
-Biocide
-Corrosion Inhibitor
-Scale Inhibitor
-Others
By Construction Chemicals
-Concrete Admixtures
-Water Proofing
-Adhesive and Sealant
-Protective Coating
By Oil Field Chemicals
-Drilling Fluids
-Cementing Chemicals
-Acidizing Chemicals
-Fracturing Chemicals
-Oil Production Chemicals
By Personal Care
-Inactive Ingredients
-Active Ingredients
By Food Additives
-Acidulants
-Flavour Enhancers
-Hydrocolloids
-Preservatives
-Others
-Others.
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Middle East Specialty Chemicals Market Geographic Reach:
The Geographic Reach of the Middle East Specialty Chemicals Market evaluates the spread and significance of Middle East Specialty Chemicals market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- Saudi Arabia, UAE, Qatar, Kuwait, Oman, Others.
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