The Middle East Specialty Chemicals Market size was valued at around USD 78 BILLION IN 20243 and is estimated to grow at a CAGR of around 4.8% during the forecast period, i.e., 2024-30.

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Key Findings of the Study: Middle East Specialty Chemicals Market

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.

Scope of the Report and Middle East Specialty Chemicals Market Segmentation

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

• In recent years, the biggest share of the Middle East Specialty Chemicals Market was taken up by the construction chemicals segment, and it is estimated that this trend will go on during the forecast period as well.

-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

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 Development

• 2024: Evonik Industries AG signed an MoU at QEF to explore investment opportunities in Qatar. Their common aim is to explore particular investment opportunities focused on balanced solutions for energy transition.
• 2023: Sadara Chemical Company announced to begin supplies to PlasChem Park. It is a joint venture by Saudi Aramco and Dow Chemical Co. This joint venture has announced the full operation of its ethylene oxide and propylene oxide pipeline transportation system.

For more detailed information about the Middle East Specialty Chemicals market report, click here – https://www.marknteladvisors.com/research-library/middle-east-specialty-chemicals-market.html                         

Geographical analysis:

Saudi Arabia

UAE

Qatar

Kuwait

Oman

Others

• UAE is expected to remain a prevailing market for Specialty Chemicals during the forecast period.

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