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Saudi Arabia Polycarbonate Market

Saudi Arabia Polycarbonate Market, By Processing Technique (Extrusion, Injection Molding, Thermoforming, Blow Molding, and Others), By Product Type (Polycarbonate Sheets, Polycarbonate Films, Polycarbonate Fibers, Polycarbonate Blends, Polycarbonate Tubes, and Others), By End-User (Buildings & Construction, Electrical & Electronics, Automotive, Aerospace & Defence, Medical Equipment, Optical Devices, Packaging, Agriculture, and Others), By Region (Central, Southern, Western, and Eastern), Trend Analysis, Competitive Market Share & Forecast, 2018-2028

  • Published Date: July 2022
  • Report ID: BWC22228
  • Available Format: PDF
  • Page: 106

Report Overview

Saudi Arabia Polycarbonate Market is flourishing owing to the expanding applications for polycarbonate in a variety of industries, including automotive and transportation, construction, packaging, consumer goods, and medical devices...

Saudi Arabia Polycarbonate Market - Industry Trends & Forecast Report 2028

Saudi Arabia Polycarbonate Market is predicted to grow at a CAGR of 8.2% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the increasing use of polycarbonates in various industries, including the automotive and electrical as well as family and medical businesses, used polycarbonate pitches. Additionally, tars are used in the paint and wrapping industries. They are also been used in the pharmaceutical industry. Also, polycarbonates are used in a variety of applications in these industries, including household appliances such as TVs, power housing, connectors, and battery boxes. Moreover, the factors driving the market's growth are increasing demand from the medical industry and the growing popularity of polycarbonate over conventional materials such as glass and acrylic. Furthermore, as manufacturers expand their output into polycarbonate diols, synthetic leather is becoming more and more popular in the polycarbonate industry. Polycarbonate diols aid in the suppleness and durability of leather. The demand for leather coats, shoes, and other accessories has increased as a result of the expanding fashion and apparel sector.

Polycarbonate - Overview

Bisphenol A, which is created by condensing phenol with acetone under acidic circumstances, reacts with carbonyl chloride in an interfacial process to make polycarbonate. A class of transparent amorphous polymers known as polycarbonates are simply processed and can be thermoformed or molded. Engineering thermoplastics known as polycarbonates are strong, stiff, hard, tough, and transparent materials that may keep their toughness at -20°C or even lower in particular grades. Moreover, numerous goods that call for strong impact resistance, high-temperature resistance, and optical transparency use this thermoplastic. Some notable characteristics of this thermoplastic polymer include its ductility at room temperature and its ability to be easily bent at room temperature with the help of localized heating that is occasionally applied along the bend line to lessen stress fracture. In addition, there is an increased preference for polycarbonate over glass as a lightweight, cost-effective alternative for making automobile windshields, electrical components, smartphones, and blue-ray discs, among other products.

Saudi Arabia Polycarbonate Market Forecast and Trends

Growth Drivers

Increasing End-use Industry Demand

Due to its outstanding physical and chemical qualities, polycarbonate is used in a variety of end-use industries. Due to the rising demand for lightweight, highly functional, and recyclable materials for external and interior part applications, thermoplastic polymers are favored in the automotive industry. Construction activity has increased in some developed regions. As a result of increased government investment in infrastructure development. In both the residential and industrial construction sectors, the number of construction projects is closely correlated with the development in demand for roofing solutions. Thus, the expansion of the polycarbonate sheets market is responsible for the rise in demand for transparent roofing goods from the building and construction sector.

Rise in Demand for Producing ID Cards and Billboards

Technological developments in the production and fabrication of ID cards and glow signboards are expected to open up the new market potential for polycarbonate. For instance, RFID is inserted into ID cards to aid in the automatic identification and tracking of cardholders, and laser engravings are used to record information about cardholders. These cards are made from a variety of plastics, including polycarbonate sheets since they are robust and temperature resistant. ID cards made from polycarbonate sheets are more useful and appropriate for usage in a variety of work settings or surroundings thanks to these characteristics. Moreover, the market for polycarbonate in Saudi Arabia is seeing growth due to the applicability and usage of polycarbonate materials in ID cards. The regions are updating necessary government cards like social security cards. Due to their lower weight and increased durability, polycarbonate sheets are also employed in glow sign boards for various exterior and interior applications.

Increasing Use of Polycarbonate in Automotive Components

To make automotive components, polycarbonate resins are thoroughly combined with other polymers like ABS and polyester. The ability to process PC resins more easily through injection molding, foam molding, extrusion, and vacuum forming has given end-users more possibilities for the resin's application. Future demand is projected to increase for specialized application fields including industrial machinery and safety equipment. All these factors boost the growth of Saudi Arabia Polycarbonate Market.

Restraints

Environmental Impacts of Polycarbonate

Polycarbonate is increasingly being used in a variety of applications due to its excellent properties. They do, however, contain bisphenol A, which is not suitable for use in the food industry. Because polycarbonates are not biodegradable, they are not environmentally friendly and pose a threat to the environment. Polycarbonate sheets are used in the manufacture of CDs, DVDs, automotive components, and building roofing systems, but their accidental disposal in riverbeds or the sea poses a serious threat to aquatic life. Moreover, the difficulty in recycling polycarbonate materials is a major source of concern. Furthermore, recycled polycarbonates have lower impact resistance than newly manufactured polycarbonates.

Impact of COVID-19 on Saudi Arabia Polycarbonate Market

Covid-19 had a moderate impact on the Saudi Arabia Polycarbonate Market, with a moderate decline in growth rate in 2020-2021. The moderate decline is attributed to a drop in demand for solid, multiwall, and corrugated polycarbonates used in the building and construction, electrical and electronics, aerospace and defense, and automotive and transportation industries. Covid-19 caused a decrease in demand from a variety of end-use industries, including building and construction, electrical and electronics, automotive and transportation, and a few others. Furthermore, the pandemic has harmed new construction and aftermarket because construction activities were initially halted but began to resume with COVID-19 operational measures. Supply chain disruptions impacted the workforce and raw material availability. As economies become more open and stable, there is traction in demand from end-use industries, which is expected to increase demand for polycarbonate.

Saudi Arabia Polycarbonate Market - By Processing Technique

Based on the processing technique, the Saudi Arabia Polycarbonate Market is segmented into Extrusion, Injection Molding, Thermoforming, Blow Molding, and Others. Among these, injection molding holds the largest market share. Injection molding is used in almost all types of plastic product production. Injection molding can be used for both continuous and part manufacturing. This process produces products such as toys, chairs, baskets, and casings. Moreover, injection molding gives products strength. Moreover, the extrusion segment is expected to dominate the market during the forecast period (2022-2028). This is because the extruded PC sheet has the highest rate of consumption among the various types of polycarbonates. The materials are used to make a variety of automotive parts, including headlights, displaced glass, airbag covers, consoles, sunroofs, air vents, and small window panes. Windows and windscreens provide the most opportunities for market growth in the coming years. These materials are distinguished by their high impact resistance, high-temperature resistance, and optical transparency.

Saudi Arabia Polycarbonate Market Share

Saudi Arabia Polycarbonate Market - By End-User

Based on end-user, the Saudi Arabia Polycarbonate Market is segmented into Buildings & Construction, Electrical & Electronics, Automotive, Aerospace & Defence, Medical Equipment, Optical Devices, Packaging, Agriculture, and Others. Polycarbonate demand in electrical and electronics, as well as automotive applications, has skyrocketed in recent years. Because the product is easily molded and flexible, it is ideal for thermoforming applications. Also, the materials are used to make a variety of automotive parts, including headlights, displaced glass, airbag covers, consoles, sunroofs, air vents, and small window panes. Moreover, some plastic compounds are tough and strong, while others are optically transparent, making them easy to engineer. Furthermore, investments in public infrastructure, particularly metro-rail and greenfield airports, are expected to increase the demand for Polycarbonate resins in buildings and constructions during the forecast period (2022-2028).

Saudi Arabia Polycarbonate Market – By Region

Geographically, the Saudi Arabia Polycarbonate Market is segmented into Central, Eastern, Western, and Southern. Among these Central and Western Saudi Arabia are identified as the primary regions, based on the urbanization and rising buildings and constructions in the Kingdom. Also, based on the demand for electrical, automotive, and packaging services in the Central and Western Region, Riyadh, Makkah, and Medina are identified as key cities. Demand then increased in the Eastern, Southern, and Northern Regions. When it comes to the supply and demand of consumer goods and medical device services, Dammam, Asir, and Ha'il are thought of as developing regions.

Competitive Landscape

The leading market players in the Saudi Arabia Polycarbonate Market are Sabic Innovative Plastics, Covestro Saudi Arabia Company, Al-Kayan Petrochemical, Saudi Light Industries Co.Ltd, United Arab Aluminium Company, Dome Tech Factory for Plastics, Arabian Gulf Manufacturers Ltd, ROWAD National Plastic Company, Abdullah Company, SJB Plastics, and other prominent players.

The Saudi Arabia Polycarbonate Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Scope of the Report

 

Attributes Details
Years Considered Historical data – 2018-2021
Base Year – 2021
Forecast – 2022 – 2028
Facts Covered Revenue in USD Million
Product Service/Segmentation By Processing Technique, By Product Type, By End User, By Region
Key Players Sabic Innovative Plastics, Covestro Saudi Arabia Company, Al-Kayan Petrochemical, Saudi Light Industries Co.Ltd, United Arab Aluminium Company, Dome Tech Factory for Plastics, Arabian Gulf Manufacturers Ltd, ROWAD National Plastic Company, Abdullah Company, SJB Plastics, and other prominent players.

 

 

By Processing Technique

  • Extrusion
  • Injection Molding
  • Thermoforming
  • Blow Molding
  • Others

By Product Type

  • Polycarbonate Sheets
  • Polycarbonate Films
  • Polycarbonate Fibers
  • Polycarbonate Blends
  • Polycarbonate Tubes
  • Others

By End-User

  • Buildings & Construction
  • Electrical & Electronics
  • Automotive
  • Aerospace & Defence
  • Medical Equipment
  • Optical Devices
  • Packaging
  • Agriculture
  • Others

By Region

  • Central
  • Southern
  • Western
  • Eastern
  1. Research Framework
    1. Research Objective
    2.  Product Overview
    3. Market Segmentation
  2. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation
  3. Executive Summary
  4. Saudi Arabia Polycarbonate Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    3. Technological Landscape/Recent Development
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  5. Saudi Arabia Polycarbonate Market Overview
    1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Processing Technique
        1. Extrusion
        2. Injection Molding
        3. Thermoforming
        4. Blow Molding
        5. Others
      2. By Product Type
        1. Polycarbonate Sheets
        2. Polycarbonate Films
        3. Polycarbonate Fibers
        4. Polycarbonate Blends
        5. Polycarbonate Tubes
        6. Others
      3. By End-User
        1. Buildings & Construction
        2. Electrical & Electronics
        3. Automotive
        4. Aerospace & Defence
        5. Medical Equipment
        6. Optical Devices
        7. Packaging
        8. Agriculture
        9. Others
      4. By Region
        1. Central
        2. Southern
        3. Western
        4. Eastern
  6. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership, etc.)
  7. Impact of COVID-19 on Saudi Arabia Polycarbonate Market Industry
  8. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Sabic Innovative Plastics
    2. Covestro Saudi Arabia Company
    3. Al-Kayan Petrochemical
    4. Saudi Light Industries Co.Ltd
    5. United Arab Aluminium Company
    6. Dome Tech Factory for Plastics
    7. Arabian Gulf Manufacturers Ltd
    8. ROWAD National Plastic Company
    9. Abdullah Company
    10. SJB Plastics
    11. Other Prominent Players
  9. Key Strategic Recommendations

 

Note: Financial in information in case of non-listed companies will be provided as per availability

The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1        Saudi Arabia Polycarbonate Segmentation

Figure 2        Saudi Arabia Polycarbonate Market Value Chain Analysis

Figure 3        Porter’s Five Forces Analysis

Figure 4        Saudi Arabia Polycarbonate Market Size, By Value (USD Million), 2018-2028

Figure 5        Saudi Arabia Polycarbonate Market Share, By Processing Technique, By Value, 2018-2028

Figure 6        Saudi Arabia Polycarbonate Market Share, By Product Type, By Value, 2018-2028

Figure 7        Saudi Arabia Polycarbonate Market Share, By End-User, By Value, 2018-2028

Figure 8        Saudi Arabia Polycarbonate Market Share, By Region, By Value, 2018-2028

Figure 9        Market Share Analysis, 2021

 

List of Tables

 

Table 1         Saudi Arabia Polycarbonate Market Size, By Processing Technique, By Value, 2018-2028

Table 2         Saudi Arabia Polycarbonate Market Size, By Product Type, By Value, 2018-2028

Table 3         Saudi Arabia Polycarbonate Market Size, By End-User, By Value, 2018-2028

Table 4         Saudi Arabia Polycarbonate Market Size, By Region, By Value, 2018-2028

Table 5         Key Players and Their Offerings

Table 6         Competitive Benchmarking, By Operating Parameters

Table 7         Merger Acquisition, Partnership, Joint-Ventures etc.

Table 8         Sabic Innovative Plastics Company Overview

Table 9         Sabic Innovative Plastics Financial Overview

Table 10        Covestro Saudi Arabia Company Overview

Table 11        Covestro Saudi Arabia Company Financial Overview

Table 12        Al-Kayan Petrochemical Company Overview

Table 13        Al-Kayan Petrochemical Financial Overview

Table 14        Saudi Light Industries Co.Ltd Company Overview

Table 15        Saudi Light Industries Co.Ltd Financial Overview

Table 16        United Arab Aluminium Company Overview

Table 17        United Arab Aluminium Company Financial Overview

Table 18        Dome Tech Factory for Plastics Company Overview

Table 19        Dome Tech Factory for Plastics Financial Overview

Table 20        Arabian Gulf Manufacturers Ltd Company Overview

Table 21        Arabian Gulf Manufacturers Ltd Financial Overview

Table 22        ROWAD National Plastic Company Overview

Table 23        ROWAD National Plastic Company Financial Overview

Table 24        Abdullah Company Overview

Table 25        Abdullah Company Financial Overview

Table 26        SJB Plastics Company Overview

Table 27        SJB Plastics Financial Overview

Market Segmentation

By Processing Technique

  • Extrusion
  • Injection Molding
  • Thermoforming
  • Blow Molding
  • Others

By Product Type

  • Polycarbonate Sheets
  • Polycarbonate Films
  • Polycarbonate Fibers
  • Polycarbonate Blends
  • Polycarbonate Tubes
  • Others

By End-User

  • Buildings & Construction
  • Electrical & Electronics
  • Automotive
  • Aerospace & Defence
  • Medical Equipment
  • Optical Devices
  • Packaging
  • Agriculture
  • Others

By Region

  • Central
  • Southern
  • Western
  • Eastern
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