ECHEMI International Trade Business School KSA Chemical Summary

Local social business considerations in Saudi Arabia.
government-led oil economy.
Locals are open to strong support for overseas investment.

The industrial structure of Saudi Arabia is composed of oil and natural gas, mining, logistics and transportation, manufacturing, chemical industry, new energy, tourism and entertainment.

The chemical industry contributes 4% to Saudi Arabia's GDP, and its chemical production accounts for 10% of the global total, making it the fifth largest chemical producer in the world. One of the most cost-effective places in the world for ethylene production.

The production capacity of Saudi Arabia's petrochemical industry still ranks first in basic petrochemicals, followed by intermediates and polymers.

The coatings market size is expected to reach USD 13.4 billion in 2027 and is expected to grow at a CAGR of 7.3% between 2020 and 2027.

The Saudi Arabian construction chemicals market size is expected to reach USD 1,091.8 million in 2027 and is expected to grow at a CAGR of 6.9%.

Saudi Arabia's main import and export patterns and trading partners.

Local payment methods, sales channels and purchasing habits.