The Saudi Arabia masterbatch market size reached USD 110.44 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 156.52 Million by 2033, exhibiting a growth rate (CAGR) of 3.95% during 2025-2033. Abundant petrochemical feedstock and strategic location enhancing raw material access and export, robust government-led investments to expand polymer production, rapid substitution of metal with plastics across automotive, packaging, construction, and agriculture, and rising demand for technologically advanced masterbatch formulations are strengthening the market growth.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 110.44 Million |
Market Forecast in 2033 | USD 156.52 Million |
Market Growth Rate 2025-2033 | 3.95% |
Circular-Economy and Recycled-Content Masterbatches
Saudi producers are rapidly advancing the adoption of high-recycled-content masterbatches in alignment with Vision 2030 sustainability targets. A notable milestone came in 2023 when Braskem and Engeflex introduced the region’s first masterbatch made entirely from Wenew post-consumer recycled (PCR) resin, proving the technical viability of PCR-based solutions in demanding applications. Building on this progress, the partners aim to scale production capacity to approximately 300,000 metric tons by 2025. Complementing these efforts, SABIC’s TRUCIRCLE program launched Saudi Arabia’s first fully circular bread-bag packaging in April 2024, using 100% mass-balanced recycled feedstock derived from advanced pyrolysis, a nationwide rollout that followed a successful pilot in March 2023. Local compounders like Al Ramz are also contributing by offering masterbatches from industrial, domestic, and agricultural PCR plastics, enabling up to 70% reduction in virgin polymer use while improving mechanical performance. Backed by industry guidelines and ISCC PLUS certification, these initiatives signal a strong shift toward circular economy practices and regulatory compliance.
Automotive and EV-Driven Demand for Functional Masterbatches
The rapid expansion of Saudi Arabia’s automotive sector is a key driver of rising demand for high-performance masterbatches, particularly for EV components that require flame retardancy, UV stability, and vivid coloration. Motor-vehicle sales surged to 758,791 units in 2023, up from 616,491 units in 2022. This momentum continued into 2024, with new light-vehicle registrations reaching 826,580 units, the strongest performance in eight years. Notably, the EV segment experienced explosive growth, fueled by expanded charging infrastructure and government incentives. This EV boom, coupled with localization efforts such as Lucid’s planned 150,000-unit EV plant in Jeddah and initiatives to produce 500,000 EVs annually by 2030, is significantly boosting demand for advanced masterbatches. In response, formulators are developing additive concentrates with superior heat resistance, antistatic functionality, and enhanced dispersion to meet stringent OEM standards. As electrification and domestic production accelerate, the automotive sector remains central to Saudi Arabia’s masterbatch market growth.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on type, polymer type, and application.
Type Insights:
The report has provided a detailed breakup and analysis of the market based on the type. This includes color, white, black, additive, and filler.
Polymer Type Insights:
A detailed breakup and analysis of the market based on the polymer type have also been provided in the report. This includes PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, and others.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes packaging, building and construction, consumer goods, automotive, textile, agriculture, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Northern and Central Region, Western Region, Eastern Region, and Southern Region.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Types Covered | Color, White, Black, Additive, Filler |
Polymer Types Covered | PP, LDPE/LLDPE, HDPE, PVC, PUR, PET, PS, Others |
Applications Covered | Packaging, Building and Construction, Consumer Goods, Automotive, Textile, Agriculture, Others |
Regions Covered | Northern and Central Region, Western Region, Eastern Region, Southern Region |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: