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Chemicals & Materials

SABIC

Company Profile Analysis

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SABIC - Chemicals & Materials showcase

Year Founded & Workforce

1975-12-31

31,000 Employees

Industry

Chemicals & Materials

Services

S

SABIC Overview

Company Headquarters: Riyadh, Saudi Arabia

Founded: 1976

Workforce: 31,000

Company Working: SABIC is one of the global player in diversified chemicals and innovative materials headquartered in Riyadh, Saudi Arabia. With a strong presence in over 50 countries, SABIC operates across various sectors, including chemicals, polymers, fertilizers, metals, and specialties. The company's product portfolio encompasses a wide range of chemicals, plastics, and polystyrenes used in industries such as automotive, construction, healthcare, packaging, and more. SABIC has its commitment to innovation and sustainability. The company invests significantly in research and development to drive technological advancements and develop innovative solutions that address the evolving needs of its customers. Sustainability is a core value at SABIC, and it actively promotes responsible production, resource efficiency, and environmental stewardship throughout its operations. With a global network of manufacturing facilities, research centres, and sales offices, SABIC ensures a strong supply chain and exceptional customer service worldwide.

Strategy

The major strategy approach of SABIC are innovation, sustainability, and customer focus. Through making investments in R&D, the company hopes to continue to be a market leader through fostering innovation and providing cutting-edge solutions. SABIC places a high priority on sustainability by incorporating green practices and ethical production into all aspects of its business. The company's strategic approach also places a strong emphasis on tight customer collaboration, comprehending their demands, and providing personalized solutions and assistance. SABIC works to create long-term value, promote growth, and forge durable partnerships in the global chemicals and materials business by fusing innovation, sustainability, and customer focus.

Company Snapshot

$31,167.18M

Revenue

31,000

Employees

1975-12-31

Founded

Riyadh, Saudi Arabia

Headquarters

SWOT Analysis

Strengths

  • Investments in information and technology
  • Vast product portfolio
  • Comprehensive range of petrochemical products
  • Strong R&D capabilities
  • Access to low-priced natural gas
  • Global operations
  • 12,000+ patents
  • Wide geographic presence
  • Strong research and development capabilities
  • Strong financial performance
  • Customer centric and focused product stream
  • Efficiency gains through improved logistics resulting in lower transportation cost

Weaknesses

  • High levels of debt
  • Lack of safety measures
  • Reported incidences of accidents
  • No market specific recent key development
  • Inability to protect intellectual property rights could adversely affect business
  • Limited presence outside core business
  • Investment in research and development is below the fastest growing players in the industry
  • Few segments performing

Opportunities

  • Joint venture with Saudi Aramco
  • Acquisition of 50% of Shell’s stake in Sadaf (joint venture)
  • Significant growth of the automotive industry in the Middle East
  • Surging demand in core end-use industries such as steel production, chemical processing, and food processing
  • Expansion in the Middle East & African market
  • New trend in customer behavior
  • Growing demand for polycarbonate panels in different regions
  • Increasing number of contracts
  • Decreasing cost of transportation and freight
  • Strategic acquisitions to diversify the company's operations and product offering

Threats

  • Political instability in the Middle East
  • Environmental regulations affecting manufacturing and marketing
  • Political instability in the Gulf
  • Environmental liabilities
  • Dependency of agri-nutrients business on weather conditions and agricultural policies
  • Currency fluctuation
  • High competition in market
  • Strict government regulation
  • Increasing foreign exchange rates
  • Fluctuations in the raw material prices

Key Developments

DateApproachDevelopment
July 2018–The company introduced two new LDPE grades under the brand names SABIC LDPE HP0722 NDF and SABIC LDPE HP2022 NDF for cross-linked foaming processes.
May 2018–The company announced its new THERMOCOMP HMD-D compound in the Americas and Europe to expand its portfolio of specialty compounds with high-performance glass-reinforced polycarbonate materials. The new product will serve the electronics, healthcare, and transportation sectors.
May 2018–The company introduced a new portfolio of polypropylene compounds for interior automotive parts. The new grades will provide excellent scratch resistance, good impact performance, and low shrinkage.
February 2018–The company announced capacity expansion of its high performance engineering thermoplastic materials under the brand name ULTEM in Singapore. The company also planned to restart operations at its Bergen op Zoom PPE resin plant in the Netherlands to produce polyphenylene ether (PPE), the base resin for its line of NORYL resin.
July 2022PartnerSABIC, a global leader in the chemical industry, has announced the launch of a major long-term sponsorship deal and innovation partnership with Formula E, the world’s first net-zero sport since inception.
July 2022Product LaunchSabic launches blockchain pilot for digital traceability of certified circular trucircle feedstock
August 2022PartnershipSABIC has entered into a partnership with SK Geo Centric, to expand the capacity of its plant in the South Korean city of Ulsan to produce advanced material solutions. The partnership is expected to drive the sales for customized and high-performance polyolefin, polystyrenes, and others.
October 2021PartnershipSABIC and Rabigh Refining & Petrochemical Company (Petro Rabigh) have signed a distribution partnership & agreement. The agreement is expected to lead SABIC to take over marketing of PetroRabigh’s products including poly methyl methacrylate (PMMA) and polyamide (PA), polyethylene (PE), polypropylene (PP), and Polystyrene products.
October 2019MergerSABIC has merged with Sadaf and Petrokemya to produce efficient product portfolio. The merger has significantly increased the sales for the Sadaf, Petrokemya and SABIC with better distribution network across the globe.

Product Offering

  • SABIC
    • Chemicals

Financial Performance

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About the Author

Wantstats Research Team

Wantstats' research desk profiles SABIC as part of our ongoing coverage of the Chemicals & Materials sector, drawing on public company data, filings, and market intelligence.

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Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Noah Malgeri

Co-Founder, Mojave Rail Fabrication Limited

This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert

Manager, JavolVision

Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Joseph Aguayo

Sales Operations & Pricing Manager, Intel

Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau

Sales Leader, Bamberg

We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Peter Groot Koerkamp

Account and Business Manager, EFS-Holland BV

Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Younghwan Choi

Senior Retail Manager, LG Chem

We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin

Management Consultant, Level 21

I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee

R&D Director, Seojin

Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu

Strategy & Business Development Director, Dogan Holding

We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.

SABIC

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