![]() ![]() 46 data tables and 22 additional tables.Co., Celanese Corporation, Wacker Chemie AG, DIC Corporation, Arkema Group, SNF Group, Others (Synthomer Middle East Company Limited, Asahi Kasei Chemicals, etc.), are looking forward to strengthening their market position.The global market for acrylonitrile styrene acrylate (ASA) polymers should grow from $711 million in 2018 to $949 million by 2023 with a compound annual growth rate (CAGR) of 5.9% for the period of 2018-2023. With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Dow Materials Science Saudi Arabia Limited, BASF SE, JIFTEX Polymers, Obegi Chemicals Group Group, Biolab Arabia LTD. ![]() Further, the soaring construction activities & the emergence of the textile industry in the county would enhance the demand for acrylic polymers during the forthcoming period. ![]() Moreover, the consumption of acrylics in the textile industry for colors & dyes has also raised the market share of acrylic polymers in the market. These polymers offer numerous benefits such as adhesion, abrasion resistance, etc., which make them a favorable choice for building matter & construction material. Of them, Acrylic emulsion held the dominant share in the market owing to the rising usage of this category of polymer in the construction as well as the textile industry. Rising Construction Activities to Generate the Demand for the Emulsion Polymer in Saudi Arabiaīased on the type, the market is further bifurcated into, Acrylics, Styrene-butadiene Latex, Vinyl Acetate polymers, Polyurethane dispersions, and Others (Styrene-acrylics, Nitriles, etc.). Further, the rising construction activities and the emergence of the textile industry in the county would enhance the demand for acrylic polymers during the forthcoming period. Moreover, the consumption of acrylics in the textile industry for colors and dyes has also increased the market share of Acrylic Polymers in the market. These polymers offer numerous benefits such as adhesion, abrasion resistance, etc., which make them a favorable choice for building matter and construction material. Of them, Acrylic Emulsion held the dominant share in the Saudi Arabia Emulsion Polymer Market owing to the rising usage of this category of polymer in the construction as well as the textile industry. ![]() Therefore, the emerging opportunities to set up a manufacturing facility in the country would propagate market growth in the forthcoming years., further states the research report, “ Saudi Arabia Emulsion Polymers Market Analysis, 2023.”Įxtensive Usage of Acrylic Emulsion Polymers in End-user Industry to Escalate Market Growthīased on the type segment, the market is further bifurcated into, Acrylics, Styrene-butadiene latex, Vinyl Acetate polymers, Polyurethane dispersions, and Others (Styrene-acrylics, Nitriles, etc.). These partnerships would help deliver services & emulsion polymers & related products more effectively & efficiently by utilizing the resources & innovation of the private sector.įurther, due to the encouragement from the government, international businesses are working with local businesses to enter the country's market & enhance their potential customer base. Hence, the rising construction in the hospitality sector would further enhance the demand in the forecast years.Īdditionally, the government of Saudi Arabia is encouraging public-private partnerships (PPPs) & stimulating global companies to mark their presence in Saudi Arabia as it would work to advance economic development. According to the statistics by Top Hotel Projects, more than 80 hotels are presumed to be completed by 2023. Moreover, this rising requirement for polymers from the construction industry attributes to the government's emphasis on the evolution of hotels to boost the tourism & hospitality sector in the country. As a result, the construction industry in the country has experienced significant growth in recent years, leading to an upsurge demand for paints & coatings, which, in turn, has driven the demand for emulsion polymers in the country. Saudi Arabia, being an oil-rich country, has been investing in the construction development of roads, malls, hotels, smart cities, and other infrastructure to achieve its goal of Vision 2030. The Saudi Arabia Emulsion Polymers market is projected to grow at a CAGR of around 6.50% during the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. Demand for Emulsion Polymer to Boom Due to the Rising Construction Activities in the Region ![]()
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