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Saudi Arabia Masterbatch Market
MARKET INTELLIGENCE . CONSULTING
PUBLISHED: January 2019
BY TYPE, BY APPLICATION, BY END USE,
COMPETITION, FORECAST & OPPORTUNITIES,
2014 - 2024
2© TechSci Research
T a b l e o f C o n t e n t s
S. No Contents
1. Product Overview
2. Research Methodology
3. Analyst View
4. Voice of Customer
5. Saudi Arabia Polymer Industry Overview
6. Saudi Arabia Masterbatch Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
5.2. Market Share & Forecast
6.2.1. By Type (White, Black, Additive and Color)
6.2.2. By Application (Film Extrusion, Injection Molding, Blow Molding, Rotomolding and
Others)
6.2.3. By End-User (Packaging, Building & Construction, Appliances and Others)
6.2.4. By Region
6.2.5. By Company
6. Saudi Arabia White Masterbatch Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By End-User
6.2.2. By Company
8. Saudi Arabia Black Masterbatch Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
3© TechSci Research
S. No. Contents
8.2. Market Share & Forecast
8.2.1. By End-User
8.2.2. By Company
9. Saudi Arabia Additive Masterbatch Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By End-User
9.2.2. By Company
10. Saudi Arabia Color Masterbatch Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By End-User
10.2.2. By Company
11. Import-Export Analysis
12. Market Dynamics
12.1. Drivers
12.2. Challenges
12.3 Impact Analysis
13. Market Trends & Developments
14. Policy & Regulatory Landscape
T a b l e o f C o n t e n t s
4© TechSci Research
S. No. Contents
15. Saudi Arabia Economic Profile
16. Pricing Analysis
17. Value Chain Analysis
18. Competitive Benchmarking
19. Company Profiles
19.1. Clariant Masterbatches (Saudi Arabia)
19.2. Astra Polymers Compounding Co Ltd.
19.3. Cabot Performance Products FZE
19.4. Ingenia Polymers Corporation
19.5. Juffali PolyOne Masterbatch Co. Ltd.
19.6. PolyAlwan Co.
19.7. Energya Plastics Saudi Arabia
19.8. Natpet Schulman Specialty Plastic Compounds
19.9. Active Polymers
19.10. Ampacet Corporation
20. Strategic Recommendations
21. About Us & Disclaimer
T a b l e o f C o n t e n t s
5© TechSci Research
P r o d u c t O v e r v i e w
 Masterbatch is a concentrated mixture of pigments and additives, used for coloring or imparting specific properties
to polymers. Masterbatch is prepared by encapsulated pigments in carrier resins, which are then cut into granular
shape or kept in a liquid state (liquid masterbatch) and later processed with base polymer. Based on its usage and
appearance, masterbatch, used for diverse applications, is classified into four major types – black, white, color and
additive.
White
Masterbatch
•White colored plastic
additives, most
commonly used in
packaging industry
(milk pouches),
consumer goods
industry (furniture, toys
and containers).
Black Masterbatch
•Black colored plastic
additives, most
commonly used in
automotive (tires),
construction (pipes and
tubes), packaging
industries (black
colored disposable
bags) and other
consumer goods
industries (laptops,
furniture, etc.)
Color Masterbatch
•Plastic additives of
various colors used in
the production of
consumer goods
(buckets, brushers,),
electronics (TVs,
washing machines),
packaging (customer
specific attractive
packaging), automotive
(car interiors such as
steering wheel)
construction work
(pipes, floor covering)
Additive
Masterbatch
Added to the plastic to
modify certain properties
in development of specific
products such as flame
retardants, UV resistant
plastic, corrosion
inhibitors, antimicrobial
and antioxidant plastic
products and extrusion
aids.
6© TechSci Research
P r o d u c t O v e r v i e w
 Masterbatch manufacturing process requires a carrier resin (polymer), colorants/pigments and additives. Different
polymer carriers can be used for the preparation of masterbatch. Depending on the resin type, masterbatch is
classified as resin polymer specific and universal masterbatch. Polymer specific masterbatch is manufactured by
using the same base polymer as used by processor. Universal masterbatch is a carrier polymer system compatible
across a wide range of polymers. Following are some of the major differences between polymer-specific and
universal masterbatch.
Polymer-Specific Masterbatch Universal Masterbatch
• Readily available in stock, from different
masterbatch manufacturers
• Cost effective and not recommended for high
additive and pigment dosages
• Suitable for polymer applications where quality is
not a priority (garbage bags, carry bags, etc.)
 Customized according to demand, based on polymer
required in an application area
 High cost, as more pigment and additives dosage is
required
 Is recommended for engineered plastics and other
areas where quality is of prime importance
(automotive, appliances, etc.)
7© TechSci Research
P r o d u c t O v e r v i e w
 Single-Stage Masterbatch Production Process: In this process, all components are combined in a single
processing unit. The process includes a premix setup, where there is only one screw feeder above the main opening
port or a split-feed setup, where every component is fed into the extruder using individual screw feeders placed
above the main feed port. This kind of the process is implemented for all masterbatch groups.
Pelletization
Twin Screw
Extruder
Raw Materials
Feeding
Single-Stage Masterbatch Production
Process
 Two-Stage Masterbatch Production Process: This process is mainly used for production of colored masterbatch.
In this process, a single pigment concentrate is produced similar to the single-stage masterbatch production
process. In the extrusion step, colorants and additive single pigment concentrates are combined to produce
masterbatch. This masterbatch is customized as per specifications provided by the customer.
Single or Twin
Screw
extruder
Feeding of
Single pigment
Concentrates
Strand or
Underwater
Pelletization
Pelletization
Twin Screw
Extruder
Raw Materials
Feeding
(Dispersion)
Phase 1
(Homogenization)
Custom Coloring Phase 2
© TechSci Research 8
R e s e a r c h M e t h o d o l o g y
Source: TechSci Research
A
C
B
Primary
Research
Company
Analysis
Desk
Research
 Identifying Key Opinion
Leaders
 Questionnaire Design
 In-depth Interviews
 Market Participants
 Key Strengths
 Recent
Developments
 Market Changing
Aspects/Dynamics
 Government
Policies
 Final Conclusion
 LinkedIn
 TechSci Internal
Database
 Factiva
 Hoovers
Paid Sources
 Company Website
 Company Annual
Reports
 White Paper Study
 Financial Reports
 Investor
Presentations
 Regulatory Body
 Associations, etc.
Secondary
Research
Primary
Research
Data
Collection
Data Filter
& Analysis
Research &
Intelligence
Actionable
Insights
Business
Solution
•In-depth secondary research was conducted to
determine top players in Saudi Arabia
masterbatch market, overall market size and
segmental market size.
Market Profiling
•In order to conduct industry experts’ interviews,
TechSci formulated a detailed questionnaire.
Formulating Questionnaire
•List of industry players and industry specialists
was developed.
Developing List of Respondents
•TechSci conducted interviews with industry
experts and industry players for data collection
and verification.
Data Collection
•Data obtained as a result of primary and
secondary research was validated through
rigorous triangulation.
Data Validation
•The data was scrutinized using MS-Excel and
statistical tools, such as Time Series Analysis,
etc., to obtain qualitative and quantitative
insights about Saudi Arabia Masterbatch Market
Data Analysis
9© TechSci Research
R e s e a r c h M e t h o d o l o g y
Baseline Methodology
Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia masterbatch market.
The team has analyzed the outlook of various segments of this market, while considering the major influencing factors,
such as rising consumption of polymer in the country, owing to booming consumer & industrial packaging sector,
government initiatives to boost the real estate sector, and growing demand from automotive sector. The study includes
market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve
sustainability in Saudi Arabia masterbatch market.
Methodology Followed for Calculation of Market Size:
Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected
through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as
masterbatch manufacturers, importers, suppliers, distributors and industry experts.
The team interviewed more than 50 manufacturers/suppliers/importers, 50 distributors/retailers and 15 industry experts
in Saudi Arabia masterbatch market to estimate the overall market size during 2014-2018, which was validated by the
Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the
market size data for 2014-2018.
10© TechSci Research
R e s e a r c h M e t h o d o l o g y
Respondents were asked about the current and future market growth rates, market shares by masterbatch type, by
application and end-use industry. Removing the outlier responses, the geometric mean of growth estimates and
revenue-wise shares generated across various segments were considered, to arrive at the final revenue shares. Revenue
shares generated across various segments were further triangulated from other stakeholders depending upon the type
of masterbatch.
Methodology Followed for Calculation of Market Shares:
Market shares by masterbatch type, by application, by end-use industry, by region, and by company were calculated
based on the responses received through primary surveys with industry experts, in which the respondents were asked
about the market shares or revenue generated from various types of masterbatch. The final shares were calculated by
taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. For market
shares by different market segments across Saudi Arabia, respondents provided the rankings and ratings for the use of
various types of masterbatch in end-use industries for various applications.
11© TechSci Research
R e s e a r c h M e t h o d o l o g y
Methodology Followed for Forecasting:
TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the
survey results in SPSS/Tableau Software.
Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To
forecast Saudi Arabia masterbatch market, TechSci Research used various forecast techniques such as:
o Moving Average
o Time Series Analysis
o Econometric and Judgmental Analysis
TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions
of the country. TechSci Research also used the impact analysis during short, medium and long term period to estimate the
demand and to reach accurate market numbers.
Secondary Sources
Company Annual Reports, Industry Magazines, Industry Reports, News Dailies, Credible
Paid Databases, Proprietary Database, Gulf Petrochemicals & Chemicals Association,
Organisation Internationale des Constructeurs d'Automobiles, General Authority of
Statistics, etc.
12© TechSci Research
R e s e a r c h M e t h o d o l o g y
S. No. Company Names
1. Clariant Masterbatches (Saudi Arabia) Ltd.
2. Astra Polymers Compounding Co Ltd.
3.
Ingenia Polymers Corporation
4. Juffali PolyOne Masterbatch Co. Ltd.
5. PolyAlwan Co.
6. Energya Plastics Saudi Arabia
7.
Natpet Schulman Specialty Plastic Compounds
8.
Cabot Performance Products FZE
9. Active Polymers
10. Ampacet Corporation
Partial List of Companies Interviewed
13© TechSci Research
I n d u s t r y B r i e f
According to TechSci Research report, “Saudi Arabia Masterbatch Market By Type, By Application, By End Use, Competition, Forecast &
Opportunities, 2014 - 2024’’, Saudi Arabia masterbatch market is projected to reach $ 264 million by 2024, owing to strong growth in packaging
industry, backed by rising demand for innovative flexible packaging methods from booming FMCG sector in the country. Polymer plays a vital role
in the masterbatch market, as polymers are extensively used in the production of masterbatch. Saudi Arabia accounted for about two-thirds of
polymer resin production in the GCC region in 2017 and emerged as the largest exporter of polymer in the region in the reported year. With
various government initiatives aimed at supporting real estate sector, building & construction segment is growing across the country, which in
turn is driving demand for masterbatch.
By type, white masterbatch dominates the country’s masterbatch market, owing to its extensive use in packaging industry and in the
manufacturing of various appliances like telephone handsets, keyboards and microwave bodies. The packaging industry is the largest end user of
masterbatch in Saudi Arabia, on account of growing applications of flexible packaging in the country. Regionally, Eastern Province generates the
largest demand for masterbatch, backed by the presence of numerous major plastic processing clusters in the region. The industrial park in
Dammam is the most active processing area, thus Eastern Province is expected to account for the largest share in the country’s masterbatch
market during forecast period.
“Globally, Saudi Arabia is the largest producer of petrochemicals, the basic raw material for manufacturing polymers. The Government of Saudi
Arabia aims to increase the total output of petrochemicals, which would result in abundant raw material supply for masterbatch production. In
October 2018, Saudi Aramco announced plans to increase its refining capacity to about 10 million barrels per day and double its petrochemicals
production by 2030. Additionally, the industrial zone of Yanbu, developed by the Royal Commission for Jubail & Yanbu, has attracted a majority
share of the region’s petrochemical investments. Such market developments are expected to positively influence Saudi Arabia masterbatch
market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting
firm.
14© TechSci Research
S a m p l e D a t a - S n a p s h o t s
CAGR 2014-2018
By Value: XX%
By Volume: XX%
CAGR 2019E-2024F
By Value: XX%
By Volume: XX%
2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F
Value Volume
Saudi Arabia Masterbatch Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014-2024F
Saudi Arabia Masterbatch Market Share, By Region, By
Value, 2018 & 2024F
50.00%
50.00%
50.00%
50.00%
50.00%
Clariant
Astra
Polymers
Cabot
Ingenia
Polymers
Others
2018
Saudi Arabia Masterbatch Market Share, By Company, By Value, 2018
15© TechSci Research
R e p o r t O r d e r i n g
L i c e n s e T y p e P r i c e
S i n g l e U s e r L i c e n s e $ 3 4 5 0
M u l t i - U s e r L i c e n s e $ 4 4 5 0
C u s t o m R e s e a r c h L i c e n s e $ 8 4 5 0
T o V i e w S a m p l e O R P u r c h a s e R e p o r t
R e p o r t N a m e : S a u d i A r a b i a M a s t e r b a t c h M a r k e t B Y
T Y P E , B Y A P P L I C A T I O N , B Y E N D U S E , C O M P E T I T I O N ,
F O R E C A S T & O P P O R T U N I T I E S , 2 0 1 4 - 2 0 2 4
16© TechSci Research
A b o u t U s & D i s c l a i m e r
About Us
TechSci Research is a global market research and consulting company with offices in the US, United Kingdom and India. TechSci Research
provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving
productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific
and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry
prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the
opportunities available in the market.
Related Reports
• Global Acrylic Polymers & Acrylic Co-polymers Market Competition Forecast & Opportunities, 2013-2023
• Global Polyamide Imide Resin Market, Forecast & Opportunities, 2024
• Global DOTP (Di Octyl Terephthalate Plasticizer) Market Competition Forecast & Opportunities, 2023
Partial List of Clients
Disclaimer
The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is
timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including
which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not
responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever
to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in
this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require
prior approval of TechSci Research.
TechSci Research – North America
708 Third Avenue, Manhattan,
New York, US
Tel: +1- 646- 360- 1656
Email: sales@techsciresearch.com
www.techsciresearch.com
TechSci Research – Europe
54, Oldbrook, Bretton,
Peterborough,
United Kingdom
Email: sales@techsciresearch.com
www.techsciresearch.com
TechSci Research – Asia-Pacific
B – 44, Sector – 57, Noida, National
Capital Region, U.P. - India
Tel: +91-120-4523900
Email: sales@techsciresearch.com
www.techsciresearch.com

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Saudi Arabia Masterbatch Market Forecast 2024 | TechSci Research

  • 1. Saudi Arabia Masterbatch Market MARKET INTELLIGENCE . CONSULTING PUBLISHED: January 2019 BY TYPE, BY APPLICATION, BY END USE, COMPETITION, FORECAST & OPPORTUNITIES, 2014 - 2024
  • 2. 2© TechSci Research T a b l e o f C o n t e n t s S. No Contents 1. Product Overview 2. Research Methodology 3. Analyst View 4. Voice of Customer 5. Saudi Arabia Polymer Industry Overview 6. Saudi Arabia Masterbatch Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 5.2. Market Share & Forecast 6.2.1. By Type (White, Black, Additive and Color) 6.2.2. By Application (Film Extrusion, Injection Molding, Blow Molding, Rotomolding and Others) 6.2.3. By End-User (Packaging, Building & Construction, Appliances and Others) 6.2.4. By Region 6.2.5. By Company 6. Saudi Arabia White Masterbatch Market Outlook 6.1. Market Size & Forecast 6.1.1. By Value & Volume 6.2. Market Share & Forecast 6.2.1. By End-User 6.2.2. By Company 8. Saudi Arabia Black Masterbatch Market Outlook 8.1. Market Size & Forecast 8.1.1. By Value & Volume
  • 3. 3© TechSci Research S. No. Contents 8.2. Market Share & Forecast 8.2.1. By End-User 8.2.2. By Company 9. Saudi Arabia Additive Masterbatch Market Outlook 9.1. Market Size & Forecast 9.1.1. By Value & Volume 9.2. Market Share & Forecast 9.2.1. By End-User 9.2.2. By Company 10. Saudi Arabia Color Masterbatch Market Outlook 10.1. Market Size & Forecast 10.1.1. By Value & Volume 10.2. Market Share & Forecast 10.2.1. By End-User 10.2.2. By Company 11. Import-Export Analysis 12. Market Dynamics 12.1. Drivers 12.2. Challenges 12.3 Impact Analysis 13. Market Trends & Developments 14. Policy & Regulatory Landscape T a b l e o f C o n t e n t s
  • 4. 4© TechSci Research S. No. Contents 15. Saudi Arabia Economic Profile 16. Pricing Analysis 17. Value Chain Analysis 18. Competitive Benchmarking 19. Company Profiles 19.1. Clariant Masterbatches (Saudi Arabia) 19.2. Astra Polymers Compounding Co Ltd. 19.3. Cabot Performance Products FZE 19.4. Ingenia Polymers Corporation 19.5. Juffali PolyOne Masterbatch Co. Ltd. 19.6. PolyAlwan Co. 19.7. Energya Plastics Saudi Arabia 19.8. Natpet Schulman Specialty Plastic Compounds 19.9. Active Polymers 19.10. Ampacet Corporation 20. Strategic Recommendations 21. About Us & Disclaimer T a b l e o f C o n t e n t s
  • 5. 5© TechSci Research P r o d u c t O v e r v i e w  Masterbatch is a concentrated mixture of pigments and additives, used for coloring or imparting specific properties to polymers. Masterbatch is prepared by encapsulated pigments in carrier resins, which are then cut into granular shape or kept in a liquid state (liquid masterbatch) and later processed with base polymer. Based on its usage and appearance, masterbatch, used for diverse applications, is classified into four major types – black, white, color and additive. White Masterbatch •White colored plastic additives, most commonly used in packaging industry (milk pouches), consumer goods industry (furniture, toys and containers). Black Masterbatch •Black colored plastic additives, most commonly used in automotive (tires), construction (pipes and tubes), packaging industries (black colored disposable bags) and other consumer goods industries (laptops, furniture, etc.) Color Masterbatch •Plastic additives of various colors used in the production of consumer goods (buckets, brushers,), electronics (TVs, washing machines), packaging (customer specific attractive packaging), automotive (car interiors such as steering wheel) construction work (pipes, floor covering) Additive Masterbatch Added to the plastic to modify certain properties in development of specific products such as flame retardants, UV resistant plastic, corrosion inhibitors, antimicrobial and antioxidant plastic products and extrusion aids.
  • 6. 6© TechSci Research P r o d u c t O v e r v i e w  Masterbatch manufacturing process requires a carrier resin (polymer), colorants/pigments and additives. Different polymer carriers can be used for the preparation of masterbatch. Depending on the resin type, masterbatch is classified as resin polymer specific and universal masterbatch. Polymer specific masterbatch is manufactured by using the same base polymer as used by processor. Universal masterbatch is a carrier polymer system compatible across a wide range of polymers. Following are some of the major differences between polymer-specific and universal masterbatch. Polymer-Specific Masterbatch Universal Masterbatch • Readily available in stock, from different masterbatch manufacturers • Cost effective and not recommended for high additive and pigment dosages • Suitable for polymer applications where quality is not a priority (garbage bags, carry bags, etc.)  Customized according to demand, based on polymer required in an application area  High cost, as more pigment and additives dosage is required  Is recommended for engineered plastics and other areas where quality is of prime importance (automotive, appliances, etc.)
  • 7. 7© TechSci Research P r o d u c t O v e r v i e w  Single-Stage Masterbatch Production Process: In this process, all components are combined in a single processing unit. The process includes a premix setup, where there is only one screw feeder above the main opening port or a split-feed setup, where every component is fed into the extruder using individual screw feeders placed above the main feed port. This kind of the process is implemented for all masterbatch groups. Pelletization Twin Screw Extruder Raw Materials Feeding Single-Stage Masterbatch Production Process  Two-Stage Masterbatch Production Process: This process is mainly used for production of colored masterbatch. In this process, a single pigment concentrate is produced similar to the single-stage masterbatch production process. In the extrusion step, colorants and additive single pigment concentrates are combined to produce masterbatch. This masterbatch is customized as per specifications provided by the customer. Single or Twin Screw extruder Feeding of Single pigment Concentrates Strand or Underwater Pelletization Pelletization Twin Screw Extruder Raw Materials Feeding (Dispersion) Phase 1 (Homogenization) Custom Coloring Phase 2
  • 8. © TechSci Research 8 R e s e a r c h M e t h o d o l o g y Source: TechSci Research A C B Primary Research Company Analysis Desk Research  Identifying Key Opinion Leaders  Questionnaire Design  In-depth Interviews  Market Participants  Key Strengths  Recent Developments  Market Changing Aspects/Dynamics  Government Policies  Final Conclusion  LinkedIn  TechSci Internal Database  Factiva  Hoovers Paid Sources  Company Website  Company Annual Reports  White Paper Study  Financial Reports  Investor Presentations  Regulatory Body  Associations, etc. Secondary Research Primary Research Data Collection Data Filter & Analysis Research & Intelligence Actionable Insights Business Solution •In-depth secondary research was conducted to determine top players in Saudi Arabia masterbatch market, overall market size and segmental market size. Market Profiling •In order to conduct industry experts’ interviews, TechSci formulated a detailed questionnaire. Formulating Questionnaire •List of industry players and industry specialists was developed. Developing List of Respondents •TechSci conducted interviews with industry experts and industry players for data collection and verification. Data Collection •Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Validation •The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about Saudi Arabia Masterbatch Market Data Analysis
  • 9. 9© TechSci Research R e s e a r c h M e t h o d o l o g y Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of Saudi Arabia masterbatch market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors, such as rising consumption of polymer in the country, owing to booming consumer & industrial packaging sector, government initiatives to boost the real estate sector, and growing demand from automotive sector. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in Saudi Arabia masterbatch market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year 2018 was calculated based on information collected through exhaustive secondary research and primary surveys, with various key opinion leaders/stakeholders, such as masterbatch manufacturers, importers, suppliers, distributors and industry experts. The team interviewed more than 50 manufacturers/suppliers/importers, 50 distributors/retailers and 15 industry experts in Saudi Arabia masterbatch market to estimate the overall market size during 2014-2018, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for 2014-2018.
  • 10. 10© TechSci Research R e s e a r c h M e t h o d o l o g y Respondents were asked about the current and future market growth rates, market shares by masterbatch type, by application and end-use industry. Removing the outlier responses, the geometric mean of growth estimates and revenue-wise shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders depending upon the type of masterbatch. Methodology Followed for Calculation of Market Shares: Market shares by masterbatch type, by application, by end-use industry, by region, and by company were calculated based on the responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various types of masterbatch. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. For market shares by different market segments across Saudi Arabia, respondents provided the rankings and ratings for the use of various types of masterbatch in end-use industries for various applications.
  • 11. 11© TechSci Research R e s e a r c h M e t h o d o l o g y Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Saudi Arabia masterbatch market, TechSci Research used various forecast techniques such as: o Moving Average o Time Series Analysis o Econometric and Judgmental Analysis TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions of the country. TechSci Research also used the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. Secondary Sources Company Annual Reports, Industry Magazines, Industry Reports, News Dailies, Credible Paid Databases, Proprietary Database, Gulf Petrochemicals & Chemicals Association, Organisation Internationale des Constructeurs d'Automobiles, General Authority of Statistics, etc.
  • 12. 12© TechSci Research R e s e a r c h M e t h o d o l o g y S. No. Company Names 1. Clariant Masterbatches (Saudi Arabia) Ltd. 2. Astra Polymers Compounding Co Ltd. 3. Ingenia Polymers Corporation 4. Juffali PolyOne Masterbatch Co. Ltd. 5. PolyAlwan Co. 6. Energya Plastics Saudi Arabia 7. Natpet Schulman Specialty Plastic Compounds 8. Cabot Performance Products FZE 9. Active Polymers 10. Ampacet Corporation Partial List of Companies Interviewed
  • 13. 13© TechSci Research I n d u s t r y B r i e f According to TechSci Research report, “Saudi Arabia Masterbatch Market By Type, By Application, By End Use, Competition, Forecast & Opportunities, 2014 - 2024’’, Saudi Arabia masterbatch market is projected to reach $ 264 million by 2024, owing to strong growth in packaging industry, backed by rising demand for innovative flexible packaging methods from booming FMCG sector in the country. Polymer plays a vital role in the masterbatch market, as polymers are extensively used in the production of masterbatch. Saudi Arabia accounted for about two-thirds of polymer resin production in the GCC region in 2017 and emerged as the largest exporter of polymer in the region in the reported year. With various government initiatives aimed at supporting real estate sector, building & construction segment is growing across the country, which in turn is driving demand for masterbatch. By type, white masterbatch dominates the country’s masterbatch market, owing to its extensive use in packaging industry and in the manufacturing of various appliances like telephone handsets, keyboards and microwave bodies. The packaging industry is the largest end user of masterbatch in Saudi Arabia, on account of growing applications of flexible packaging in the country. Regionally, Eastern Province generates the largest demand for masterbatch, backed by the presence of numerous major plastic processing clusters in the region. The industrial park in Dammam is the most active processing area, thus Eastern Province is expected to account for the largest share in the country’s masterbatch market during forecast period. “Globally, Saudi Arabia is the largest producer of petrochemicals, the basic raw material for manufacturing polymers. The Government of Saudi Arabia aims to increase the total output of petrochemicals, which would result in abundant raw material supply for masterbatch production. In October 2018, Saudi Aramco announced plans to increase its refining capacity to about 10 million barrels per day and double its petrochemicals production by 2030. Additionally, the industrial zone of Yanbu, developed by the Royal Commission for Jubail & Yanbu, has attracted a majority share of the region’s petrochemical investments. Such market developments are expected to positively influence Saudi Arabia masterbatch market in the coming years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
  • 14. 14© TechSci Research S a m p l e D a t a - S n a p s h o t s CAGR 2014-2018 By Value: XX% By Volume: XX% CAGR 2019E-2024F By Value: XX% By Volume: XX% 2014 2015 2016 2017 2018 2019E 2020F 2021F 2022F 2023F 2024F Value Volume Saudi Arabia Masterbatch Market Size, By Value (USD Million), By Volume (‘000 Tons), 2014-2024F Saudi Arabia Masterbatch Market Share, By Region, By Value, 2018 & 2024F 50.00% 50.00% 50.00% 50.00% 50.00% Clariant Astra Polymers Cabot Ingenia Polymers Others 2018 Saudi Arabia Masterbatch Market Share, By Company, By Value, 2018
  • 15. 15© TechSci Research R e p o r t O r d e r i n g L i c e n s e T y p e P r i c e S i n g l e U s e r L i c e n s e $ 3 4 5 0 M u l t i - U s e r L i c e n s e $ 4 4 5 0 C u s t o m R e s e a r c h L i c e n s e $ 8 4 5 0 T o V i e w S a m p l e O R P u r c h a s e R e p o r t R e p o r t N a m e : S a u d i A r a b i a M a s t e r b a t c h M a r k e t B Y T Y P E , B Y A P P L I C A T I O N , B Y E N D U S E , C O M P E T I T I O N , F O R E C A S T & O P P O R T U N I T I E S , 2 0 1 4 - 2 0 2 4
  • 16. 16© TechSci Research A b o u t U s & D i s c l a i m e r About Us TechSci Research is a global market research and consulting company with offices in the US, United Kingdom and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market. Related Reports • Global Acrylic Polymers & Acrylic Co-polymers Market Competition Forecast & Opportunities, 2013-2023 • Global Polyamide Imide Resin Market, Forecast & Opportunities, 2024 • Global DOTP (Di Octyl Terephthalate Plasticizer) Market Competition Forecast & Opportunities, 2023 Partial List of Clients Disclaimer The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. TechSci Research – North America 708 Third Avenue, Manhattan, New York, US Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Europe 54, Oldbrook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com