Saudi Arabia Masterbatch Market

Saudi Arabia Masterbatch Market Overview:

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.

Saudi Arabia Masterbatch Market Trends:

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.

Saudi Arabia Masterbatch Market Segmentation:

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:

• Color
• White
• Black
• Additive
• Filler

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:

• PP
• LDPE/LLDPE
• HDPE
• PVC
• PUR
• PET
• PS
• Others

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:

• Packaging
• Building and Construction
• Consumer Goods
• Automotive
• Textile
• Agriculture
• Others

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:

• Northern and Central Region
• Western Region
• Eastern Region
• Southern Region

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.

Competitive Landscape:

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.

Saudi Arabia Masterbatch Market News:

• May 2025: Levidian and Saudi Arabia-headquartered plastics additive masterbatch manufacturer Astra Polymers launched graphene‑enhanced polymer products in the Middle East, leveraging Levidian’s LOOP process and Astra’s polymer expertise. Graphene is typically introduced via masterbatch concentrates to ensure uniform dispersion. These graphene masterbatches are expected to boost polymer performance in regional sectors, such as hydrogen storage, construction, and automotive.
• April 2024: Sabic’s launched new bread packaging in Saudi Arabia using 100% chemically recycled, post-consumer polyethylene from its Trucircle portfolio, meeting ISCC Plus mass-balance certification for food-safe flexible films. Recycled PE resins generally require masterbatch additives (like color, UV stabilizers) to ensure consistent performance and compliance in the circular packaging.

Saudi Arabia Masterbatch Market Report Coverage:

Key Questions Answered in This Report:

• How has the Saudi Arabia masterbatch market performed so far and how will it perform in the coming years?
• What is the breakup of the Saudi Arabia masterbatch market on the basis of type?
• What is the breakup of the Saudi Arabia masterbatch market on the basis of polymer type?
• What is the breakup of the Saudi Arabia masterbatch market on the basis of application?
• What is the breakup of the Saudi Arabia masterbatch market on the basis of region?
• What are the various stages in the value chain of the Saudi Arabia masterbatch market? 
• What are the key driving factors and challenges in the Saudi Arabia masterbatch market?
• What is the structure of the Saudi Arabia masterbatch market and who are the key players?
• What is the degree of competition in the Saudi Arabia masterbatch market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Saudi Arabia masterbatch market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Saudi Arabia masterbatch market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Saudi Arabia masterbatch industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.