Top GCC Specialty Chemicals Companies

GCC Specialty Chemicals Market size was valued at USD 870.69 Billion in 2024 and is poised to grow from USD 909.87 Billion in 2025 to USD 1293.93 Billion by 2033, growing at a CAGR of 4.5% during the forecast period (2026–2033).

The GCC Specialty Chemicals Market is fairly competitive with the presence of some big and medium size players across the world. Increasing research & developments, adoption of new technologies, cost effective products, and acquisition are some of the major strategies opting from several market players. For example, in July 2021, Rossari Biotech Ltd., a specialty chemicals manufacturer, announced the acquisition of Tristar Intermediates at an enterprise value of 120 crore. 'SABIC (Saudi Arabia)', 'Saudi Aramco (Saudi Arabia) ', 'Borouge (UAE) ', 'Tasnee (Saudi Arabia) ', 'Petro Rabigh (Saudi Arabia) ', 'SADAF (Saudi Arabia) ', 'Yansab (Saudi Arabia) ', 'SIPCHEM (Saudi Arabia) ', 'Advanced Petrochemical Company (Saudi Arabia) ', 'EQUATE Petrochemical Company (Kuwait) ', 'Kuwait Petroleum Corporation (KPC) (Kuwait) ', 'Qatar Petrochemical Company (QAPCO) (Qatar) ', 'Qatar Chemical Company Ltd. (QChem) (Qatar) ', 'Oman Oil Company (Oman) ', 'Orpic (Oman) ', 'Bahrain Petroleum Company (Bapco) (Bahrain) ', 'Gulf Petrochemical Industries Company (GPIC) (Bahrain) ', 'Emirates National Oil Company (ENOC) (UAE) ', 'Abu Dhabi National Oil Company (ADNOC) (UAE)'

The expanding numbers of development and construction projects across the globe will drive the growth and demand in the GCC Specialty Chemicals Market. Some of the most important elements of a construction process include chemicals used for surface treatment, foaming agents, and coatings. They therefore made up a large piece of this market.

Major market participants are looking to expand their businesses and to create a unique blend of novel specialty chemicals manufacturing facilities. For instance, in January 2021, Huntsman announced that they have agreed to acquire Gabriel Performance Products, a North American manufacturing company that deals with epoxy curing agents and additives, to their product portfolio.

Globally, the Asia Pacific region dominated the market with a value of USD 291.2 billion in 2021, and is expected to continue its dominance throughout the forecast period. This can be attributable to the large chemical production base concentrated in China and India. China has emerged as the hub for the production of specialty chemicals owing to easy availability of raw materials and cheap labor cost. By 2020, one half of the global construction spending was from APAC countries with China, Indonesia, Japan, South Korea, and Malaysia exhibiting the highest growth potential. These factors are likely to increase demand in the GCC Specialty Chemicals Market in the coming years.