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Showing posts with the label Saudi Arabia

Future of the Saudi Arabia Industrial Gases Market

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 The Future of the Saudi Arabia Industrial Gases Market looks promising, with strong growth prospects from 2025 to 2030. According to MarkNtel Advisors , the market is projected to expand steadily, driven by rapid industrialization, rising investments in clean energy, and diversification under Vision 2030 . Industrial gases such as oxygen, nitrogen, hydrogen, and carbon dioxide are essential across petrochemical, manufacturing, and healthcare industries — making them crucial to Saudi Arabia’s long-term industrial ecosystem. Market Overview (2025–2030) As per the Saudi Arabia Industrial Gases Market Research Report (2025–2030) by MarkNtel Advisors, the market is anticipated to reach approximately 24.13 million tons by 2030 , growing at a CAGR of about 3.18% during 2025–2030. This growth reflects the nation’s push toward sustainable manufacturing, infrastructure expansion, and energy diversification. Key Market Drivers 1. Vision 2030 and Industrial Diversification Saudi Arabi...

Future of the Saudi Arabia Cosmetics Chemicals Market: Growth, Trends, and Forecast (2025–2030)

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The future of the Saudi Arabia cosmetics chemicals market looks promising, with significant growth expected over the forecast period 2025–2030. Valued at approximately USD 34.29 million in 2025, the market is projected to reach USD 59.22 million by 2030, reflecting a robust compound annual growth rate (CAGR) of 11.55% (marknteladvisors.com). This growth is driven by evolving consumer preferences, technological advancements, regulatory support, and increasing demand for halal-certified cosmetic products. Key Drivers of Market Growth Increasing Demand for Halal Cosmetics One of the primary factors influencing the future of the Saudi Arabia cosmetics chemicals market is the rising demand for halal-certified products. Consumers in Saudi Arabia increasingly prefer skincare, haircare, and makeup products that comply with Islamic principles. This trend has encouraged manufacturers to innovate, ensuring their products meet halal certification standards, thus enhancing market penetration. ...

Future of Saudi Arabia Electric Car Market

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 The future of the Saudi Arabia electric car market is set to transform rapidly, driven by government initiatives, technological advancements, and a growing consumer focus on sustainability. According to MarkNtel Advisors , the market, valued at USD 560 million in 2024, is projected to reach USD 2.22 billion by 2030, representing a CAGR of 25.85% from 2025 to 2030. Government Policies and Vision 2030 Central to the future of the Saudi Arabia electric car market is the Kingdom’s Vision 2030. This ambitious plan seeks to diversify the economy and reduce reliance on oil. Key initiatives like the Saudi Green Initiative, the National Transport and Logistics Strategy, and the Electric Vehicle Infrastructure Development Program are accelerating EV adoption. Incentives such as subsidies on licensing fees and reduced VAT rates make electric vehicles more accessible to residents. For more details on government support, visit. Infrastructure Expansion and Technological Advancements The f...

Future of the Saudi Arabia Dates Market

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 The future of the dates market  Saudi Arabia  looks promising, with the Kingdom continuing to strengthen its role as a global leader in date production and exports. According to MarkNtel Advisors, the market size is projected to rise from USD 238.19 million in 2025 to nearly USD 286.29 million by 2030 , achieving a steady CAGR of around 3.75% . This growth is fueled by cultural traditions, rising health awareness, and government-backed agricultural innovation. Key Growth Drivers Cultural Significance Dates hold a unique religious and cultural value in Saudi Arabia, especially during Ramadan. With over 93% of the population being Muslim, demand for dates peaks during this period, driving strong domestic sales. Government Initiatives The Agricultural Development Fund (ADF) and other government programs are providing billions in investments to improve palm farming, boost exports, and modernize food processing. This includes the issuance of 1,300 new industrial license...