Masterbatch
The Saudi Arabian masterbatch market is set to surpass $167 million by 2020.
This is according to a report by Research and Markets entitled Saudi Arabia Masterbatch Market Forecast and Opportunities, 2020, which projects that rising government investment, growing demand from end-user industries including consumer goods, construction and - most prominently - packaging are elevating this corner of Saudi plastics processing to greater heights.
Packaging is projected to dominate over the coming five years but demand for masterbatch overall is being fuelled by increased government investment in the plastics and petrochemicals industries.
Clariant is currently the largest player in this field, followed by Astra Polymer, Ingenia Polymers and Cabot.