Saudi Arabia Polyamide Market Size

Saudi Arabia Polyamide Market Future Prospects

The Saudi Arabian polyamide market will generate an estimated revenue of USD 1,185.6 million in 2024 and witness a CAGR of 5.0% during 2024–2030, reaching USD 1,592.2 million by 2030. This growth is driven by the rising demand for sustainable materials in the manufacturing, automotive, textiles, packaging, and construction industries. Under Saudi Vision 2030, over 500,000 residential units have been planned to be introduced by 2030.

Saudi Arabia imports a vast quantity of polyamide from the U.S., Germany, and China to fulfill domestic requirements. However, local producers, especially SABIC, have increased their polyamide production to reduce the country’s reliance on imports.

Apart from this, the Saudi Arabian government has launched several initiatives for the adoption of green chemicals across industries, which are likely to drive the market further. Polyamide's high melting point, strong mechanical strength, and excellent dimensional stability essentially boost its consumption.