Middle East Bio-chemicals Market, By Product Type (Bio-plastic( Bio-based Degradable-Polybutyrate Adipate Terephthalate (PBAT), Polyhydroxyalkanoate(PHA), Polybutylene Succinate (PBS), Starch Blends,Polylactic Acid (PLA), Others )and (Bio-based Non-degradable-Polyethylene (PE), Polyamide (PA), Polyethylene Terephthalate (PET), Others), (Bio-lubricants-Vegetable Oil, Mineral Oil) (Bio-solvents-Glycerol, Ethanol, Ketone, Others) Bio-surfactants, and Others), By Application (Chemical & Fertilizers, Food & Beverages, Pharmaceuticals, Paint & Coatings, Automotive, Packaging, Personal Care & Cosmetics, and Others), and By Country (Saudi Arabia, Qatar, UAE, Egypt, Kuwait, and Rest of Middle East)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Bio-chemicals or bio-based chemicals are manufactured from bio-based renewable materials such as sugar, vegetable oils, starch, and others. The conversion of these bio-materials into bio-chemicals is carried out by fermentation or enzyme reaction.
Market Dynamics
Increasing adoption of bio-chemicals over petroleum based chemicals in different end user industries is expected to boost demand for bio-chemicals over the forecast period. Earlier, petroleum based oleo-chemicals were used in the manufacturing of surfactants, food additives, soaps, detergents products. Due to changing environmental policies, consumers are shifting their preference towards bio-based oleo-chemicals. In Middle East, most of the countries such as Saudi Arabia, Oman, Kuwait, and others are highly dependent on oil economy. Therefore, the need to develop environmentally, socially and economically sustainable economy is expected to drive the market growth.
Lack of legislation about production and usage of bio-chemicals is a major factor that is expected to restrain the market growth. Moreover, there is a lack of laws or legislation regarding production, usage or waste management of bio- chemicals in several countries such as Saudi Arabia and U.A.E. Recycling of bio- chemical products is also a major issue as recycling bio- chemicals without separating them from conventional chemical products can generate hazardous waste, and pose a threat to the environment.
Rising stringent regulations on banning the usage of non-biodegradable plastics, particularly in Saudi Arabia and UAE is expected to drive the Middle East bio-chemicals market growth. The ban on utilization of non-biodegradable plastics is expected to increase the usage of bio-based plastics. For instance, in 2013, The Ministry of Environment and Water, announced ban on the circulation and marketing of non-biodegradable plastic products. The ban also covers biodegradable plastic products, which are not registered within the Emirates Conformity Assessment System (ECAS).
Increasing focus of key players on business expansion is expected to drive the market growth in terms of revenue. For instance, in 2016, Clariant, announced construction of new plant in Saudi Arabia. The facility will manufacture bio-based polymers that are used in the packaging industry. Clariant AG is a global specialty chemicals company. The Company's products and services are grouped into four business areas: Care Chemicals, Catalysis & Energy, Natural Resources and Plastics & Coatings. Clariant develops, produces, markets and sells specialty chemical products for various end markets.
Key features of the study:
- This report provides in-depth analysis of the Middle East bio-chemicals market and provides market size (Kilo Tons (KT)) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the Middle East bio-chemicals market based on the following parameters– company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study are BASF SE, Clariant A.G., Evonik Industries A.G., Total S.A., Cargill Inc., Biolive, Saudi Biodiesel, Saudi Bio-Acid Company, Sain Bag, and Neutral Fuels among others.
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
- Middle East bio-chemicals market report caters to various stakeholders in this industry including investors, suppliers, bio-chemicals manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Middle East bio-chemicals market
- Middle East Bio-chemicals Market, By Product Type
- Bio-plastic
- Bio-based Degradable
- Polybutyrate Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoate(PHA)
- Polybutylene Succinate (PBS)
- Starch Blends
- Polylactic Acid (PLA)
- Others
- Bio-based Non-degradable
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others
- Bio-lubricants
- Vegetable Oil
- Mineral Oil
- Bio-solvents
- Glycerol
- Ethanol
- Ketone
- Others
- Bio-surfactants
- Others
- Middle East Bio-chemicals Market, By Application
- Chemical & Fertilizers
- Food & Beverages
- Pharmaceuticals
- Paint & Coatings
- Automotive
- Packaging
- Personal Care & Cosmetics
- Others
- Middle East Bio-chemicals Market, By Country
- Saudi Arabia
- Qatar
- UAE
- Egypt
- Kuwait
- Rest of Middle East
- Company Profiles
- BASF SE*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Clariant A.G.
- Evonik Industries A.G.
- Cargill Inc.
- Total S.A.
- Biolive
- Saudi Biodiesel
- Saudi Bio-Acid Company
- Sain Bag
- Neutral Fuels
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Country
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- PEST Analysis
- PORTER Analysis
- Value Chain Analysis
- Bio-based Chemicals Production Technology Analysis
- Key Developments
- Mergers and Acquisitions
- List of Key Players
- Cost Tier Down Analysis
- 4. Middle East Bio-chemicals Market– Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Middle East Bio-chemicals Market, By Product Type, 2017-2030, (Kilo Tons)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Bio-plastics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Bio-based Degradable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Sub-segment Trends
- Polybutyrate Adipate Terephthalate (PBAT)
- Polyhydroxyalkanoate(PHA)
- Polybutylene Succinate (PBS)
- Starch Blends
- Polylactic Acid (PLA)
- Others
- Bio-based Non-degradable
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Sub-segment Trends
- Polyethylene (PE)
- Polyamide (PA)
- Polyethylene Terephthalate (PET)
- Others
- Bio-lubricants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Sub-segment Trends
- Vegetable Oil
- Mineral Oil
- Bio-solvents
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Sub-segment Trends
- Glycerol
- Ethanol
- Ketone
- Others
- Bio-surfactants
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- 6. Middle East Bio-chemicals Market, By Application, 2017-2030, (KILO TON)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2017-2030
- Segment Trends
- Chemicals & Fertilizers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Paints & Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Personal Care & Cosmetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017-2030, (Kilo Tons)
- 7. Middle East Bio-Based Chemicals Market, By Country, 2017-2030, (KILO TON)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country, 2017-2030
- Saudi Arabia
- Introduction Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- Qatar
- Introduction
- Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- UAE
- Introduction
- Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- Egypt
- Introduction
- Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- Kuwait
- Introduction Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- Rest of Middle East
- Introduction Market Size and Forecast, and Y-o-Y Growth By Product Type, 2017-2030, (Kilo Tons)
- Market Size and Forecast, and Y-o-Y Growth By Application, 2017-2030, (Kilo Tons)
- 8. Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- BASF SE
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Clariant A.G.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Saudi Biodiesel
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Saudi Bio-Acid Company
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Sain Bag
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Neutral Fuels
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Evonik Industries A.G.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Cargill, Incorporated
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Total S.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Biolive
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- 9. Section
- References
- Research Methodology
- About us and Sales Contact
- Browse 58 market data tables* and 34 figures* on ‘Middle East Bio-chemicals Market'– forecast to 2030
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