Global GCC Specialty Chemicals Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“GCC Specialty Chemicals Market” is the title of an upcoming report offered by MarketResearch.Biz. The report contains information and data, and inputs from both primary and secondary data sources, that have been verified and validated by experts in the target market. The report presents a thorough study of revenues, historical data, and information, key developments, and strategies by major players that offer vital insights and perspectives in various scenarios market. Besides critical data and related information, the report includes key trends (both present and future), factors that are driving market growth, factors that are or could be potential restraints to market growth, as well as opportunities that can be leveraged for potential revenue generation in untapped countries. It also covers threats or challenges for existing as well as new entrants in the market. The Gulf Cooperation Council (GCC) specialty chemicals market has been segmented on the basis of product, as well as countries.
Specialty chemicals are particular chemical products which provide a wide variety of effects on which many other industry sectors rely.
Rising investments in the oil & gas, automotive, and construction sectors are expected to be primary factors for significant revenue growth of the GCC specialty chemicals market over the next 10 years. Increasing focus by the respective governments of the Gulf Cooperation Council to reduce their dependency on oil revenues is anticipated to create numerous lucrative opportunities in other sectors such as industrial and institutional cleaners, personal care & cosmetics, food additives, textile chemicals, etc.
Specialty chemicals such as corrosion inhibitors, demulsifiers, etc. are utilized in the oil & gas industry to improve performance enhancement and efficiency. Additionally, due to the significant refining capacity of countries belonging to the Gulf Cooperation Council, there will be an expected increase in the demand for oilfield chemicals, resulting in further revenue growth of the GCC specialty chemicals market.
Segmentation of the GCC specialty chemicals market is as follows:
In terms of product, the others segment accounted for the majority revenue share of the GCC specialty chemicals market in 2019, and is expected to continue to do so over the next 10 years.
Country Segmentation and Analysis:
Saudi Arabia accounted for the majority revenue share of the GCC specialty chemicals market in 2019. The robust expansion of the construction, oil & gas, automotive industries among several others, as well as technological advancements and recent developments such as the identification of potential fields are factors that are contributing to Saudi Arabia’s dominant position in this region.
Segmentation of the Global GCC Specialty Chemicals Market:
Segmentation by Product Outlook:
- Specialty Polymers
- Specialty Gases
- Institutional & Industrial Cleaners
- Electronic Chemicals
- Rubber Processing Chemicals
- Flavors & Fragrances
- Construction Chemicals
- Food & Feed Additives
- Cosmetic Chemicals
- Oilfield Chemicals
- Mining Chemicals
- Pharmaceutical & Nutraceutical Additives
- Plastic Additives
- Printing Inks
- CASE (Coatings, Adhesives, Sealants & Elastomers)
- Specialty Pulp & Paper Chemicals
- Specialty Textile Chemicals
- Water Treatment Chemicals
- Corrosion Inhibitors
- Flame Retardants
Segmentation by Countries:
- Saudi Arabia
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Arkema Chemicals Saudi Arabia
- EVONIK GULF FZE
- Fayfa Chemical Factory (L.L.C.)
- Horizon Chemicals
- Huntsman (UAE) FZE
- Professional Specialty Chemicals Factory (Ahmad Al Amoudi Group)
- Sadara Chemical Company
- Sika Group
- Tricom LLC
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