nonmetallic in building and construction value proposition ......ventures, associates and entities...

© Saudi Arabian Oil Company, 2020

Nonmetallic in Building and

Construction Value

Proposition Session February 2020


Disclaimer

This presentation may contain certain forward-looking statements with respect to Saudi Aramco’s (the “Company”) financial position,

results of operations and business, and certain of the Company’s plans, intentions, expectations, assumptions, goals and beliefs. These

statements include all matters that are not historical fact and generally, but not always, may be identified by the use of words such as

“believes”, “expects”, “are expected to”, “anticipates”, “intends”, “estimates”, “should”, “will”, “shall”, “may”, “is likely to”, “plans” or

similar expressions, including variations and the negatives thereof or comparable terminology.

You should be aware that forward-looking statements are not guarantees of future performance and that the Company’s actual financial

position, results of operations and business, and the development of the industries in which it operates may differ materially from those

made in or suggested by such forward-looking statements. Factors that could cause actual results to differ materially from the Company’s

expectations are contained in cautionary statements in the Company’s Prospectus filed with the Saudi Arabian Capital Markets Authority and

available at https://cma.org.sa/en/Market/Prospectuses/Pages/default.aspx (the “Prospectus”) and include, among other things, the following:

• (1) oil and gas supply, demand and price fluctuations; (2) global economic market conditions; (3) competition in the industries in

which the Company operates; (4) conditions affecting the transportation of products; (5) operational risk and hazards common in the

oil and gas, refining and petrochemicals industries; (6) the cyclical nature of the oil and gas, refining and petrochemicals industries;

(7) weather conditions; (8) political and social instability and unrest and actual or potential armed conflicts in the MENA region and

other areas; (9) managing the Company’s growth; (10) risks in connection with projects under development and recent and future

acquisitions and joint ventures, including with respect to SABIC; (11) managing the Company’s subsidiaries, joint operations, joint

ventures, associates and entities in which it holds a minority interest; (12) the Company’s exposure to interest rate risk and foreign

exchange risk; (13) risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that

impact the industries in which the Company operates; and (14) international trade litigation, disputes or agreements.

The Prospectus contains a more complete discussion of the factors that could affect the Company’s future performance and the

industries in which it operates. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a

result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to the

Company or to persons acting on its behalf are expressly qualified in their entirety by the cautionary statements referred to above.

Saudi Aramco: Public © Saudi Arabian Oil Company, 2020

Session Outline

Topic Presenter Department

Opening Saleh Alwohaibi CSD

Glass Fiber

Bassim Nawaz CSDOffshore Mooring

Posts and Signage

Composite in Structure

Hassan Alkhalifah CSDConstruction Chemicals

Insulation

Composite Cladding Sami Alabduljabbar CSD

Glass Panes

RoofingAhmad Almusaiid CSD

Furniture

Doors and Window FramesMazin Menkabo CSD

Flooring

Plumbing FixturesAbdullah Algazlan CSD

Polymer Modified Bitumen


• Drives domestic value creation byworking with suppliers for mutualbenefits

• Envisions to improve investment, andmaximize long term economic growthand diversification

• Focuses on delivering quality jobs,advancing innovation and enhancingglobal competitiveness

IKTVA is designed to reward Saudi Aramco’s suppliers for the use and development of local labor and sub-suppliers


Anticipated Market Size

The

Opportunity

The Business

Case

Executive Summary

Raw Material Intermediates Finished

Products

Value Chain Mapping

Each will Provide:

For nonmetallic in building and construction sector


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Glass Fiber Value

PropositionFebruary 2020

Saudi Aramco: Public © Saudi Arabian Oil Company, 2020Source: Future Materials Group

Great potential to establish state of

the art manufacturing facility for

glass fiber to meet growing demand

in the kingdom

Opportunity also exist to supply raw

materials and finished products to

various growing sectors including

Oil and Gas, Building and

Construction and others.

The opportunity

1. Global demand on glass fiber is

growing at 5% CAGR and will reach

8 MM Tons by year 2030

2. Localization has the potential to

significantly reduce KSA’s imports

while facilitating the opportunity to

export glass fiber to Europe and

middle East

3. Kingdom demand will reach 250 K

Tons. 37% will be used in Pipes and

tanks applications

The business case

Glass Fiber Investment Opportunity Summary


Glass Fiber Applications

Oil & Gas

• RTP piping

• RTR piping

• FRP tanks

Civil & Construction

• Manholes

• Rebar

• Cladding

• Furniture

Renewables

• FRP blades for wind mill

and other products


Glass Fiber Product Benefits

Light weighting• Light weight

• Ability to build in, ex-mold,

both color and texture

Durability• High tensile strength at low

weight

• Excellent environmental

resistance

• Wide resin compatibility

Cost• Significant potential for cost

saving

• Cost-effective

manufacturing processes

• Low-to-moderate tooling

costs


• The global demand on

Glass Fiber is

expected to grow at

5% from 4,997 K

Tons in 2020 and will

reach 8,139 K Tons

year 2030

4,9975,247

5,5095,784

6,0746,377

6,6967,031

7,3827,752

8,139

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

(K

TO

N)

Global Demand of Glass Fiber

5%

Source: Saudi Aramco Internal Analysis


23%

17%

1%19%15%

7%

5%

0%

13%

8%

Global End-use Glass Fiber Roving by Application [K Tons]

Automotive & Transportation

Construction & Infrastructure

Rebar

Electrical & Electronics

Pipe & Tank

Tanks

Marine

Aerospace & Defence

Wind Energy

Other

• Automotive represents

23% of the total

consumption of glass

fiber among other

applications.

• Rebar have the highest

growth rate of 9.5%



• Pipes and tanks

represent ~37% of the

end applications

• The KSA demand on

glass fiber is expected

to grow at 4% from 172

K Ton in 2020 and will

reach 254 K Ton year

2030.


172178

186193

201209

217226

235244

254

0.00

50.00

100.00

150.00

200.00

250.00

300.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Quanti

ty (

K T

on)

KSA Demand of Glass Fiber


• The Saudi Aramco

demand on the end

products is expected to

grow at 3% from 13.9 K

Tons to reach 18.6 K

Ton in 2030.

13.914.3

14.715.2

15.616.1

16.617.1

17.618.1

18.6

-

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

18.00

20.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

(K

TO

N)

Saudi Aramco's Demand of Glass Fiber




Glass Fiber Value Chain Mapping

Key ingredients are available locally and in GCC region.

Calcined alumina, borax,

feldspar, nephelineSilica Sand

Available Locally

Localization Opportunity

Limestone Glass Fiber

Soda Ashlica

Processing

ChemicalsSyenite, magnesite, and

kaolin clay, among others


• Available locally. The

opportunity is for the

existing manufacturers to

increase their silica sand,

limestone, and soda ash

production capacities to

meet growing local and

global demand.

• Other ingredients may

include calcined alumina,

borax, feldspar, nepheline

syenite, magnesite, and

kaolin clay.

• Potential exists for

manufacturing (melting,

forming fibers, continuous-

filament process , or Staple-

fiber process) then the

chopped fiber, or the yarn

which is a key input in

mooring ropes

manufacturing. Also there is

a potential to localize.

• High potential to localize

Forming technology.

• Potential exists to localize

facilities for glass fiber

based products such as

• Wind turbine blades

• Automotive parts

• Potential exists to further develop

logistics and supply chain

capabilities


Raw Material IntermediateFinished Products

Transportation and Logistics

Glass Fiber Value Chain Mapping Analysis


Offshore Mooring

Value PropositionFebruary 2020


Great potential to establish state of

the art manufacturing facility for

offshore mooring to meet growing

demand in the kingdom

Opportunity also exist to supply raw

materials and finished products

given various benefits that

synthetics ropes will provide

The opportunity

1. KSA Demand is growing at 5%

CAGR and will reach 4,700 KM by

year 2030

2. GCC demand will reach 10,000 KM

by year 2030

3. Currently 65% of KSA demand is

imported from outside the kingdom.

The business case

Offshore Mooring Investment Opportunity Summary


Offshore Moorings Applications

Synthetic Ropes- Offshore applications

- Lifting: lifting slings, tag lines, winch lines

- Subsea Construction: cable pulling lines

- Fishing Industry: trawl warps for fishing

- SPM Mooring: mooring hawsers

- Maritime: towing lines, berthing lines, rigging & lifting, shipping

- Renewable Energy Market: floating windfarms mooring ropes

- Structures: cable supported structures, tensile membrane structures


Synthetic Ropes Product Benefits

Cost Light Weight Durability

Significant potential for

cost savings due to the

low cost of the raw

material

Light weight, easily cut

machined, and

transported

Tensile strength,

elasticity, and its the

resistance to weathering

(corrosion) and abrasion.

Withstand harsh

operating conditions


Engineering Standards and Materials System Specification

• API 2SM (Recommended Practice for Design, Manufacture,

Installation, and Maintenance of Synthetic Fiber Ropes for

Offshore Mooring)

• ISO 19901-7 (Station-keeping systems for floating offshore

structures and mobile offshore units)

• DNV-OS-E303 (DNV Offshore Mooring Fiber Ropes)

• ABS Rules for Building and Classing Single Point Moorings

Saudi Aramco: Public © Saudi Arabian Oil Company, 2020Source: Saudi Aramco Internal Analysis

• The demand on the

synthetic mooring ropes

is expected to grow by

5% in the upcoming

years.

• The synthetic mooring

ropes is expected to

reach 10,107 km by the

year 2030.

2,902 3,047 3,200 3,360 3,528 3,704 3,889 4,083 4,288 4,502 4,727

3,303 3,468

3,641 3,823

4,014 4,215

4,426 4,647

4,880 5,124

5,380

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

10,000

11,000

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

[Km

/Year]

Saudi Arabia and GCC’s Synthetic Mooring Ropes Demand

GCC

Saudi Arabia

5%


• Majority of KSA demand is currently

imported from outside. Local

manufacturing capacity only covers

35% of the demand

65%

35%

Imported Manufactured Locally


• The demand on the

mooring ropes is expected

to grow by 5% in the

upcoming years.

• Growth rate contingent

upon oil & gas discoveries.

• The outlook indicates that

many advantages will take

place in the deep water

resins of the red sea.

2,901 3,046 3,198 3,358 3,526 3,703 3,888 4,082 4,286

4,501 4,726

-

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

5,500

6,000

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

[Km

/year]

Saudi Aramco’s Mooring Ropes Demand

5%



Synthetic Ropes Value Chain Mapping

Available Locally


Yarn (Fiber, basic, intermediate, rope,

and strand)Syntactic mooring ropes

Polyester/

Polypropylene/ Nylon



• Limited potential for

additional localization as nylon,

polyester, polypropylene, and

aramid are available locally


manufacturing the yarn which

is a key input in mooring

ropes manufacturing. Also

there is a potential to localize.

• Potential exists to establish

multiple production lines for

synthetic mooring ropes to

meet the growing demand in

the local market.

• Potential exists to further

develop logistics and supply

chain capabilities

Raw Material IntermediateFinished Products


Synthetic Ropes Value Chain Mapping Analysis


Nonmetallic Posts

and Signage Value



The opportunity

1. A large 60 million ton global and 2.2

million ton GCC market, growing at

6% CAGR

2. NM composite poles represent 1% of

the current market, providing

significant headroom and growth

potential for further NM penetration

3. FRP used to manufacture posts can

be made locally and overlap with

materials utilized in other key

products, such as FRP-based rebar,

structural components and

miscellaneous structural elements

The business case

Posts are central to KSA’s

infrastructure development and

economic diversification plans, and

the backbone for the wider integration

of the KSA and GCC electric grid

infrastructure

Technological advances and ongoing

developments in power, telecom,

industry & transportation across KSA

and GCC expected to drive the

demand for composite posts

Wide range of opportunities for

partnerships with regional and global

players to drive the rapidly growing

composite post market

Posts and Signage Investment Opportunity Summary


Antenna Post

Utility pole

Signal/signage pole

Traffic Pole

Posts and Signage Applications


Reliability and durability

Greater strength, consistency, and reliability

compared to wood; similar reliability to steel poles,

with better corrosion resistance & lightweight

properties throughout their service life

Enabler of advanced emerging

technologies

Electromagnetic shielding properties of composite

poles enables optimum operation of 5G signal

transmission, creating a competitive advantage over

incumbent steel and concrete poles

Lightweight with easy & low-cost

installation

Manufactured with a third-to-sixth of the weight of

conventional metal posts resulting in reduced labour

and transportation costs

Engineering Advantages

Substantial engineering advantages over wood

and steel counterparts as nonmetallic posts can be

designed to have high strength, stiffness and fatigue

resistance in critical areas.

Corrosion Resistant

and maintenance free

Corrosion resistant against atmosphere, water, and

general concentrations of acid, alkali, salt. During its

entire life cycle, FRP poles' exterior and interior will

require little-to-no maintenance

Dielectric properties

Significant benefits as electric lines can be closer

without the risk of electrical arcing, allowing more

circuits to be placed on existing corridors yielding

financial and environmental benefits

Posts and Signage Products Benefits


6063

6669

7376

8084

8893

97

0

10

20

30

40

50

60

70

80

90

100

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Posts & Signage

The global demand on

Posts and Signage is

expected to grow at 5%

from 60 MM Ton in 2020

and will reach 97 MM Ton

year 2030

Source: Future Materials Group


The KSA demand on Posts

and Signage is expected to

grow at 6% from 0.53 MM

Ton in 2020 and will reach

0.94 MM Ton in 2030. Total

GCC demand is expected

to reach 2.19 MM Ton by

year 2030


0.53 0.56 0.59 0.63 0.67 0.71 0.75 0.790.84

0.890.94

0.740.78

0.820.86

0.910.96

1.011.07

1.121.18

1.25

1.271.34

1.411.49

1.581.66

1.761.86

1.962.07

2.19

0.00

0.50

1.00

1.50

2.00

2.50

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Posts and Signage

KSA Rest of GCC


Posts and Signage Value Chain Mapping

Na

ph

tha

Benzene or

Butane

Cru

de

Oil

Vinyl Ester

StyreneUnsaturated

Polyester

Silica Sand Glass Fiber

Propylene Polyols PU

Ethylbenzene

Pultrusion Process

Filament Winding

Process

OR

Either

Available Locally





additional localization as oil-

based feedstock are

available locally


manufacturing unsaturated

polyester, polyurethane,

and glass fiber which are

key input in post and

signage manufacturing.


localize and develop

existing capabilities, to meet

both the growing local

demand and emerging

market in the GCC

• Potential exist for developing

the logistics platform and

supply chain to serve the local

as well as emerging FRP pole

demand in the wider GCC

Feedstock Raw MaterialsFinished Products


Posts and Signage Value Chain Mapping Analysis


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Nonmetallic Composite

in Structural Value

Proposition February 2020


Potential exist to establish world

class manufacturing facility for

structural component to meet the

growing demand in the kingdom

and GCC

The Saudi structural component

market will grow at the finished

product step in the value chain

through the diversification from

other material to nonmetallic

alternatives

The opportunity

1. Global demand is reaching 86 MM

Ton global and forecasted to grow

at 5.6% CAGR


significantly reduce KSA’s imports,


export composite structure

materials to the GCC

3. GCC market size on structural

component will grow at 6.8 % and

will reach 2.9 MM Ton in 2030

The business case

Structural Components Investment Opportunity Summary


Offshore structure Roof Framing

Structural Component Applications

Structural members


Cost Effective

Reduce maintenance costs for structures

exposed to the environment

Corrosion Resistant

composite structures are an alternative to

structural steel specially when corrosion

resistance is a most for the structure

Strength

Composite structures has a very high

tensile strength when compared to steel

Durable

Eliminates the need for galvanizing or

corrosion repair during the life cycle of

most structures

Light Weight

Composite structure weighs only 25% of

comparable steel sizes

Variety of Shapes

Composite structure shapes are widely

available around the world and can

replace structural steel for many lightly

loaded structural applications

Structural Component Products Benefits



Structural Components

is expected to grow at

5.6% from 86 MM Ton in

2020 and will reach 147

MM Ton year 2030


8690

95101

106112

119125

132140

147

0

20

40

60

80

100

120

140

160

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Quanti

ty in (

MM

TO

N)

Global Demand of Structural Components


The KSA demand on

Structural Components is

expected to grow at 6.5%

from 0.85 MM Ton in 2020

and will reach 1.6 MM Ton

in 2030. Total GCC demand

is expected to reach 3.31

MM Ton by year 2030


0.85 0.91 0.97 1.031.10

1.171.24

1.321.41

1.501.60

0.951.01

1.071.14

1.201.28

1.351.43

1.52

1.61

1.71

1.811.92

2.042.17

2.302.44

2.602.76

2.93

3.11

3.31

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Structural Components Products

KSA Rest of GCC


Structural Components Value Chain Mapping

Available locally Key: Localization/expansion opportunity

CFRP Structural

Components

Na

ph

tha

Benzene or

Butane

Cru

de O

il Vinyl Ester

StyreneUnsaturated

Polyester

Silica Sand Glass fiber

Ethylbenzene

GFRP Structural

Components

Propylene Acrylonitrile Ammonia Polyacrylonitrile

Oxidation

Carbonization

Surface Treatment

Sizing and Winding

Carbon Fibre Production

Pultrusion Process

Filament Winding

Process

OR

Either

Available Locally





additional localization as

oil-based feedstock are

available locally


manufacturing the

Unsaturated Polyester and

glass fiber which are key

input in structural

components manufacturing.


localize and develop

existing capabilities, to meet

both the growing local

demand and emerging

market in the GCC

• Potential exist for developing

the logistics platform and

supply chain to serve the local

as well as emerging FRP pole

demand in the wider GCC



Structural Components Value Chain Mapping Analysis


Construction Chemicals

Value Proposition February 2020


Good potential for further

localization to boost the existing

production to serve the wider GCC

market

The opportunity

1. Global demand is estimated at 41

million ton global forecast to grow at

5.9% CAGR




export construction chemicals


3. KSA demand 0.43 MM Tons and

GCC demand will reach 1.6 MM

Ton by 2030

The business case

Construction Chemicals Investment Opportunity Summary


Concrete Buildings Soil StabilizationRoads

Construction Chemicals Applications


Cost Effective

Overall it is cheaper in life cycle cost due

to reducing material ingredients quantities

for the design mix and provide low

maintenance

Workability

Place the product with ease with minimum

manpower effort

Strength

Achieve higher material strength while

maintaining the same construction material

quantities

Durable

Produce durable less permeable

construction product therefore increasing

the lifespan of the material

Water Saving

Reduce the amount of water consumption

to maintain the desired properties in

construction material such as concrete

Reachability

Reach out further distance while

maintaining desired properties

Construction Chemical Products Benefits


The global demand of

Construction Chemicals

is expected to grow at

5.9% from 41 MM Ton in

2020 and will reach 73

MM Ton year 2030


4144

4649

5255

5862

6569

73

0

10

20

30

40

50

60

70

80

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Quanti

ty in (

MM

TO

N)

Global Demand of Construction Chemical


The KSA demand on

Construction Chemicals is






MM Ton by year 2030


0.43 0.46 0.490.52

0.560.59

0.630.68

0.720.77

0.820.430.45

0.480.51

0.540.58

0.610.65

0.69

0.74

0.78

0.850.91

0.971.03

1.101.17

1.251.33

1.42

1.51

1.61

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Construction Chemical Products

KSA Rest of GCC


Na

ph

tha

Propylene Polyols

Cru

de

Oil

TDIPygas Toluene

Benzene CumenePhenol/

Acetone

Bisphenol-A

production Epoxy

PU

Concrete Admixtures

Epoxy/PU-based Protective

Coating

Epoxy/PU-based Adhesives

Propane

Maleic AcidButane

Acrylic Acid

Polyethylene

GlycolEthylene

Sodium

HydroxideRock Salt

Naphthalene FormaldehydeNaphthalene

sulphonates

Melamine FormaldehydeMelamine

Sulphonates

Lignosulphonates By-product Paper

Process

Cement

Coating &

Adhesives

Formulation

centers

Polycarboxylate

Ether Polyether

Carboxylates Su

pe

rpla

stic

ize

rs

Admixture

Formulation

Centre

Construction Chemicals Value Chain Mapping

Available Locally





additional localization raw

material as key ingredients

are available locally


manufacturing of

intermediates that goes into

manufacturing of

construction chemicals



construction chemicals



chain capabilities

Raw Materials Intermediate Finished Products


Construction Chemicals Value Chain Mapping Analysis


Nonmetallic

Insulation Value



Good potential for localization to

boost current existing production to

serve the wider GCC market

Significant partnership opportunities

with global players looking to

establish a GCC-base and potential

opportunity of technology transfer

Opportunity to become global raw

material supplier for key ingredients

polystyrene and polyurethane

The opportunity



7% CAGR

2. Significant energy conservation

opportunity as HVAC accounts for

approximately 70% of electricity

consumption in KSA

3. Given insulation’s low cost per

volume, transport costs can make

up a comparatively large portion of

the cost, thereby reducing the ability

for foreign competitors to export

competitive products versus locally

sourced alternatives

The business case

Insulation Investment Opportunity Summary


Structural insulated panels

Walls & foundations

Insulated concrete forms

Roofs

Insulation Applications


Energy savings &

environmental protection

Prevents the transmission of heat

from exterior building walls and

increases energy efficiency while

reducing CO2 emission by keeping

energy consumption and costs down

Control condensation and

moisture

Reduces condensation while

improving comfort and preventing

costly moisture damage to building

materials and mould growth

Life cycle cost

Significant potential for government

and treasury cost savings through

reduced public energy costs

Insulation Products Benefits



Insulation products is




year 2030


2729

3133

3538

41

44

47

50

54

0

10

20

30

40

50

60

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Insulation Products


The KSA demand on

Insulation products is






MM Ton by year 2030


0.26 0.28 0.30 0.330.35

0.380.41

0.440.48

0.520.560.32

0.350.37

0.400.43

0.470.50

0.54

0.58

0.62

0.67

0.580.63

0.680.73

0.790.85

0.91

0.98

1.06

1.14

1.23

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Insulation Products

KSA Rest of GCC


Na

ph

tha

Ethylene

Propylene

Styrene Polystyrene Extrusion Process

XPS

PU

Propylene PolyolsPU Rigid

Cru

de

Oil

EPS

Expansion Block

Moulding Process

Continuous Slab

Process

TDIPygas Toluene

Insulation Value Chain MappingAvailable Locally







available locally.

• Potential exists for local

supply of the key raw

materials such as TDI and

PU



insulation

• Potential exist to develop the

supply chain further to reach

end-users in wider GCC



Insulation Value Chain Mapping Analysis


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Nonmetallic

Composite Cladding



Potential exist to establish world

class manufacturing facility for

composite cladding to meet the

growing demand in the kingdom

and GCC

The Saudi cladding market will

grow at the finished product step in

the value chain through the

diversification from other material to

nonmetallic alternatives

The opportunity

1. Global demand is reaching 45 MM

Ton global and forecasted to grow

at 4.4% CAGR




export claddings materials to the

GCC

3. GCC market size will grow at 5.3%

and will reach 1.54 MM Ton in 2030

The business case

Composite Cladding Investment Opportunity Summary


Skylight (Polycarbonate) Natural wooden look Metal cladding look

Composite Cladding Applications


Cost Effective

Composite cladding has cheaper

installation and low maintenance cost in

comparison to conventional material

Low Maintenance

They won’t decay over time, don’t require

painting or staining and if they get dirty can

be easily cleaned

Aesthetic

Composite Cladding can be designed to

replicate the visual of natural and high-

value timber materials and can be

transparent or reflect metal industrial look

Durable

Long-life span composite materials are

made up with plastic and other material.

Plastic is resistant to almost any kind of

whether

Sustainable

Composite cladding can be made made up

of recycled products such as timber fibers

and plastics, plus natural minerals and

polymer resins.

Light Weight

Easy to install and lighter than most of the

conventional cladding materials such as

natural stones and glass

Composite Cladding Products Benefits



Cladding is expected to

grow at 4.4% from 45 MM

Ton in 2020 and will

reach 69 MM Ton year

2030


4547

4951

5356

5861

6366

69

0

10

20

30

40

50

60

70

80

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Quanti

ty in (

MM

TO

N)

Global Demand of Cladding


The KSA demand on

Cladding is expected to

grow at 5.3% from 0.42 MM





year 2030


0.42 0.44 0.47 0.49 0.52 0.55 0.57 0.60 0.640.67

0.71

0.520.55

0.580.60

0.630.66

0.690.73

0.760.80

0.84

0.950.99

1.041.09

1.151.21

1.271.33

1.401.47

1.54

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Cladding Product

KSA Rest of GCC


Composite Wood

Cladding

Aluminum Composite

Cladding

Na

ph

tha

Cru

de

Oil

Recycle

hardwood

Ethylene Polyethylene

Extrusion ProcessPropylene Polypropylene

Aluminum


Acetone

Bisphenol-A

production Epoxy

Ethylene

OxidesPolyester Continuous/

Combination

Extrusion

Lamination

Composite Cladding Value Chain Mapping

Available Locally







available locally.

• Potential exists for local


materials such as epoxy,

aluminum, and recycle

hardwood



composite cladding






Composite Cladding Value Chain Mapping Analysis


Nonmetallic Glass

Panes Value




localization to boost existing


market

NM polycarbonate and structural

laminated glass panes have

significant potential use in ongoing

mega projects emphasizing

sustainability

Opportunity to become global raw

material supplier for key ingredient

polycarbonate

The opportunity



5% CAGR

2. Polycarbonate provides 60% better

insulation than glass, contributing to

significant energy and HVAC cost

savings

The business case

Glass Panes Investment Opportunity Summary


Greenhouses

Curved glass

Skylight/ roof glazing

Conservatories

Laminated structural Glass Window and door glass

Glass Panes Applications


Natural light diffusion

Polycarbonate is a natural ultraviolet light filter, a

better diffuser than incumbent glass, and can be

used in windows & skylights to allow natural light

enter buildings

Impact Resistant

Polycarbonate can withstand extreme force during

harsh weather and can replace glass in schools,

subways, bus shelters, greenhouses and hospitals.

Better insulation & heat

resistance

Unlike glass, polycarbonate offers significant

insulation and can withstand extreme temperatures,

reducing utilities costs and carbon footprint

Security Glazing

Polycarbonate has a high shear resistance and can

be used as a security component to replace wire

glass and metal screens

Light and easy installation and

replacement

Polycarbonate sheeting is six times lighter than

standard glass panels, making installation quicker

and easier than installation of glass

Design Flexibility

Polycarbonate can be formed into a variety of

complex shapes and designed in a wide range of

thicknesses, structural strengths & configurations


Glass Panes Products Benefits



Glass Pane Products is



and will reach 133 MM

Ton year 2030


8084

8893

98103

108114

120126

133

0

20

40

60

80

100

120

140

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Glass Pane Products


The KSA demand on Glass

Pane products is expected

to grow at 6% from 0.79 M





year 2030


0.79 0.83 0.88 0.94 0.99 1.061.12

1.191.26

1.341.42

0.870.91

0.971.02

1.081.14

1.201.27

1.341.41

1.49

1.651.75

1.851.96

2.072.19

2.322.46

2.602.75

2.91

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Glass Pane Products

KSA Rest of GCC


Naphth

a

Cru

de

Oil

Silica Sand Furnace

Laminating

& pressing

process

Autoclaving

Process

Forming

Annealing

Process

Ethylene AcetaldehydeEthylene

Vinyl Acetate

Benzene

Bisphenol-A

production Polycarbonate

Methyl

methacrylateAcrylic

Extrusion &

Calendaring

Process

Polycarbonate Glazing

Laminated Glass

Thermoforming/

Moulding Process

Acrylic Glazing

Glass Panes Value Chain Mapping

Available Locally


Phenol/

AcetoneCumene






available locally.

• Limited potential for local


materials such as EVA,

Acrylic and PC


further localization for

increasing the production

capacity of high value

laminated glass and

polycarbonate glazing to

meet the growing demand in

both KSA and the wide GCC

market






Glass Panes Value Chain Mapping Analysis


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Nonmetallic Roofing



• The Saudi roofing

manufacturing market is

nascent with significant

potential to grow at the

finished product stage in the

value chain

• The localization of the roofing

industry could leverage

interesting partnership

opportunities with large global

roofing players for R&D and

joint product development

purposes

The opportunity

1. A large 258 million ton global

and a 5.5 million ton GCC

market forecasted to grow at 3-

4%

2. Single-ply roofing systems

(compromised of NMs) is a

preferred system in the GCC

and MENA region due to higher

temperatures and is growing at

6-8% CAGR

The business case

Roofing Investment Opportunity Summary


Single Ply Roofing Corrugated Roofing

Sandwich Roofing Tiled/Shingle Roofing

Roofing Applications


Cost effective & easy

installation

Single-ply roofing have a lifespan of

multiple decades and are easy to

install in both new building and

refurbishment projects

Aligned with local market

needs

PVC-&-TPO-based roofing are highly

durable resilient to heat and can

withstand expansion and contraction

throughout the day

Energy Efficiency

Single-ply roofing reduces electricity

costs and greenhouse gas emission

due to its exceptional UV and high

temperature resilience

Roofing Products Benefits


258265

273281

290299

307317

326336

346

0

50

100

150

200

250

300

350

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Roofing Products


Roofing Products is



and will reach 346 MM

Ton year 2030



The KSA demand on

Roofing products is



and will reach 3.69 MM

Ton in 2030. Total GCC

demand is expected to

reach 7.93 MM Ton by year

2030


2.50 2.60 2.70 2.81 2.92 3.04 3.16 3.28 3.42 3.55 3.69

3.003.11

3.223.33

3.443.56

3.693.82

3.954.09

4.23

5.505.70

5.916.14

6.366.60

6.857.10

7.377.64

7.93

0.00

1.00

2.00

3.00

4.00

5.00

6.00

7.00

8.00

9.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Roofing Product

KSA Rest of GCC


Na

ph

tha

Cru

de

Oil

EthyleneVinyl Chloride

MonomerPVC

PVC roofing

TPO

Polypropylene

ethylene

propylene

butadiene

EPDM

Ethylbenzene

Polyethylene

EPDM Roofing

TPO Roofing

Calendaring

Process

Extrusion

Process

Or

Note: There two production methods for each of the product types,

either by calendaring or through extrusion process

Glass fiberSilica Sand

Roofing Value Chain Mapping

Available Locally







available locally.


TPO, EMDP, and glass fiber

to meet to the regional

demand


localization of multiple

production lines of single-ply

roofing systems in

partnership with global

players to serve the growing

roofing market in KSA and

the wider GCC

• Potential exists to develop

the distribution, logistics and

supply chain for reaching end-

users in the wider GCC



Roofing Value Chain Mapping Analysis


Nonmetallic

Furniture Value



A growing and high value furniture

market in the KSA and GCC region

provides a range of interesting

partnership opportunities with

global suppliers and designers for

developing innovative wood

replacement products

The Saudi furniture manufacturing

market is nascent with potential to

consolidate production and grow

with a greater diversity the products

being manufactured locally

The opportunity

1. A large 50 million ton global and a

4.4 million ton GCC market growing

at 3-4% CAGR

2. NM represent <20% of the market,

providing significant potential for

wood replacement with NM and

composite

3. High potential for further penetration

of NM materials given the

innovative-driven nature of furniture

market

The business case

Furniture Investment Opportunity Summary


Public Outdoor

Office Miscellaneous/decor

Furniture Applications


Furniture Products Benefits

Low Maintenance

Plastic furniture is low maintenance,

requiring no painting or treatments to

maintain integrity or resist corrosion, rot, or

rust

Wide Range and Light Weight

Plastic furniture comes in a wide range of

designs, can be made to fit in almost every

style of décor, and is lighter weight than

incumbents.

Durable and Cost Effective

More affordable than incumbent options

such as wood or metal and is usable in a

variety of environments and climates, i.e.

humid or dry climates



Furniture is expected to

grow at 2.6% from 151

MM Ton in 2020 and will

reach 195 M Ton year

2030


151155

159163

167171

176181

185190

195

0

20

40

60

80

100

120

140

160

180

200

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Furniture


The KSA demand on

Furniture is expected to

grow at 3.6% from 1.45

MM Ton in 2020 and will

reach 2.07 MM Ton in

2030. Total GCC demand is

expected to reach 4.44 MM

Ton by year 2030


1.45 1.50 1.56 1.61 1.67 1.73 1.79 1.86 1.92 1.99 2.07

1.751.81

1.861.92

1.982.04

2.112.17

2.242.31

2.38

3.203.31

3.423.53

3.653.77

3.904.03

4.164.30

4.44

0.00

0.50

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

5.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Furniture Products

KSA Rest of GCC


Naphth

a

Cru

de

Oil

Recycle

wood

Ethylene Polyethylene

Molded plastic furniture

Public/outdoor Furniture

Thermoforming/

Moulding Process

Extruded décor furniture

Composite Wood

Plastic

Propylene Polypropylene

Vinyl Chloride

MonomerPVC

Extrusion

Furniture Value Chain Mapping

Available Locally







available locally.

• Limited potential for raw

materials of furniture as key

raw materials are produced

locally

• Potential exists for creating

partnerships with renowned

global players with the aim

of establishing multiple

furniture production lines to

serve the growing demand

in KSA and wider GCC

market







Furniture Value Chain Mapping Analysis


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Doors and Window

Frames Value



• Good potential for further

localization to boost existing

production to serve the wider

GCC market

• Currently compromised of 28%

NM, with significant headroom

and growth potential for further

NM penetration

• Increased replacement of wood

and metal systems with NM

materials (such as PVC) offers

the opportunity to leverage both

KSA availability of and proximity

to raw materials

The opportunity

1. A medium 40 million global and 1

million ton GCC market with a large

proportion of KSA demand being

imported

2. NM PVC-based window frames

make up 90% of replacement

market

3. Utilizing PVC-based doors and

windows in place of incumbent

aluminium or wood in both new and

replacement projects can lead to

high cost savings on HVAC in

addition to offering durability and

ease of installation

The business case

Doors and Window Frames Investment Opportunity Summary


Windows Doors

Doors and Window Frames Applications


Doors and Window Frames Products Benefits

99

Lightweight & easy installation

PVC doors and window frames are faster to

install and require less resources and man-

hours to install

Durability & cost saving

PVC doors and window frames are cost

efficient, lasting approximately 35 years and

keeping their glossy longer than incumbents

Energy savings

Unlike metals, PVC door & window frames

are non-conductive and do not transfer heat,

contributing to energy efficiency and

reducing CO2 emission by keeping energy

consumption and costs down

Acoustic Insulation

PVC doors and window frames reduce noise

transfer by as much as 50% with single

glazing 70% by double glazing

Corrosion resistant

PVC doors and window frames are resistant

to tor and corrosion and thus well-suited for

humid and hot climates

Minimum maintenance

PVC doors are low maintenance material

and unlike wood and metals do not require

periodic sanding, varnishing and repainting



Doors and Window

Frames is expected to

grow at 6.1% from 42 MM

Ton in 2020 and will

reach 77 MM Ton year

2030


4245

4851

5457

6164

6872

77

0

10

20

30

40

50

60

70

80

90

100

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Doors & Window Frames


The KSA demand on Doors

and Window Frames is



and will reach 0.76 MM

Ton in 2030. Total GCC

demand is expected to

reach 1.77 MM Ton by year

2030


0.40 0.43 0.46 0.49 0.52 0.55 0.590.63

0.670.71

0.76

0.510.55

0.590.63

0.670.72

0.770.82

0.88

0.94

1.01

0.920.98

1.051.12

1.191.27

1.361.45

1.55

1.66

1.77

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Doors and Window Frame

KSA Rest of GCC



Monomer


Acetone

Bisphenol-A

production

Pultrusion

Process

Pultruded frame

Extruded frame


Epoxy

Doors and Window Frames Value Chain Mapping

Extrusion

ProcessPVC

Na

ph

tha

Cru

de

Oil

Available Locally







available locally.

• Potential exists for raw

materials such as epoxy and

glass fiber which are key

input in Doors and Window

Frames manufacturing.


establishing multiple profile

extrusion plants to leverage

market demand as well as

raw materials availability

and proximity







Doors and Window Frames Value Chain Mapping Analysis


Nonmetallic

Flooring Value




localization to boost the existing


market

The Saudi flooring manufacturing

market is nascent with potential to

grow at the finished product step in

the value chain through the

diversification from ceramic and

stone flooring to nonmetallic

alternatives i.e. vinyl & res

The opportunity

1. A medium 40 million ton global and

1.8 million ton GCC market forecast

to grow at 6% CAGR


significantly reduce KSA’s vinyl

flooring imports, while facilitating

the opportunity to export flooring


3. Compromised of diverse products

with 39% NM penetration mainly in

vinyl and resin flooring, providing

significant headroom for NM

penetration

The business case

Flooring Investment Opportunity Summary


Walls & foundations Roofs

Vinyl Seamless/resin

Flooring Applications


Flooring Products Benefits

Cost Effective

Cheaper than natural wooden flooring or

tiles with higher durability

Versatile

The new generation of vinyl flooring is

highly durable and cost-effective due to

hardwearing and stain-resistant properties

Aesthetic

Vinyl floor can be designed to replicate the

visual of natural and high-value flooring

materials such as planks of wood, stone

tiles or ceramic tiles

Durable

Longer lifespan due to high abrasion,

scratch and damage resistance; protects

the underlying concrete from moisture,

stains, grease and cracks

Aesthetic Appeal

Can be designed in various colours,

shades, textures and designs at a low cost

and used as a decorative flooring system

for residential and commercial

applications.

Resistant to Chemicals

Resistant to chemicals and hazardous

substances, making them ideal for high-

maintenance industrial, hospital and

school applications

Vin

yl F

looring

Seam

less F

looring



Flooring products is




year 2030


4245

4851

5457

6165

6973

78

0

10

20

30

40

50

60

70

80

90

100

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Flooring Products


The KSA demand on

Flooring products is



and will reach 0.77 M Ton



MM Ton by year 2030


0.39 0.41 0.44 0.47 0.510.54

0.580.62

0.670.71

0.77

0.530.57

0.610.65

0.690.73

0.780.83

0.89

0.95

1.01

0.920.98

1.051.12

1.201.28

1.361.46

1.56

1.66

1.78

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2.00

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Flooring Products

KSA Rest of GCC


Na

ph

tha

Propylene

Polyols

Cru

de

Oil

Formulation

centers

TDIPygas Toluene


MonomerPVC


Acetone

Bisphenol-A

production Epoxy

PU

Vinyl

PU-seamless flooring

Epoxy-seamless flooring

Calendaring

Process

Embossing

Process

Flooring Value Chain Mapping

Available Locally







available locally.

• Potential exists for raw

materials such as epoxy, PU,

and TDI which are key input

in flooring manufacturing.


establishing multiple flooring

products (such as resin and

vinyl flooring) plants to both

leverage the market

demand as well as raw

materials availability and

proximity







Flooring Value Chain Mapping Analysis


Session Outline



Glass Fiber


Posts and Signage



Insulation


Glass Panes


Furniture


Flooring




Nonmetallic

Plumbing Fixtures



The opportunity

1. A 39 million ton global and 1.6 million

ton GCC market forecasted to grow at

6% CAGR

2. Plumbing fixtures are compromised of

24% NMs with a good opportunity for

metal replacement in showers and

taps

3. Mega project, infrastructure, and smart

home investments requiring water

efficient systems make localization of

pluming fixtures an attractive option

4. Production of local plumbing fixtures

can complement the existing and

growing localization of utilities pipe

production in KSA

The business case

Potential for further localization to

boost the current existing production

to serve the wider GCC market

The Saudi plumbing fixtures market is

nascent – key potential to grow at the

finished product stage in the value

chain.

Variety of partnership types for co-

development and advancement in

plumbing technology and water

efficient plumbing

Government mandate for use of high

quality plastic fixtures can significantly

boost the local demand for NM fixtures

Plumbing Fixtures Investment Opportunity Summary


Plumbing Fixtures Applications


Consolidation

Plastic fixture parts can be

consolidated allowing for fewer joints

used in installation and fewer

chances of leakage

Corrosion resistant

Plastic fixtures are more corrosion

resistant than incumbent materials

including steel and copper

Lightweight and low cost

Plastic fixtures are lighter weight

than steel, providing reducing cost of

handling, transportation and

installation

Plumbing Fixtures Products Benefits



Plumbing Fixtures is




year 2030


4144

4649

5154

5761

64

68

72

0

10

20

30

40

50

60

70

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

an

tity

in

( M

M T

on

)

Global Demand of Plumbing Fixtures


The KSA demand on

Plumbing Fixtures is


from 0.43 MM Ton in 2020,

and will reach 0.81 M Ton



MM Ton by year 2030


0.43 0.45 0.48 0.520.55

0.590.63

0.670.71

0.760.81

0.420.45

0.480.51

0.540.57

0.610.64

0.68

0.72

0.77

0.850.90

0.961.02

1.091.16

1.231.31

1.39

1.48

1.58

0.00

0.20

0.40

0.60

0.80

1.00

1.20

1.40

1.60

1.80

2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030

Qu

anti

ty (

MM

To

n)

KSA & GCC Demand of Plumbing Fixtures Product

KSA Rest of GCC


Ethylene

Vinyl Chloride

MonomerPVC

Naphth

a

Cru

de

Oil

Molded plastic fixtures

Bathroom, sinks, WC

Benzene Cumene Methyl

methacrylateAcrylic

Phenol/

Acetone

StyreneUnsaturated

PolyesterEthylbenzene


FillersAlumina trihydrate, ground calcium carbonate and etc

Cast Polymer

melding

Process

Plumbing Fixtures Value Chain Mapping

Available Locally


Thermoforming/

Moulding Process






available locally.

• Limited potential to supply

the key raw materials,

including acrylics, polyester

and PVC


establishing multiple

production lines for various

plumbing fixture products







Plumbing Fixtures Value Chain Mapping Analysis


Polymer Modified

Bitumen (PMB)



• Establishing multiple blending

facility for polymer modified

asphalt to meeting growing

demand on civil projects

The opportunity

1. Global demand is 119 million ton on

asphalt and growing at 2.5%

2. KSA demand is growing at 2.5%

and will reach 2.5 MM ton by year

2030

3. Key advantages of using Polymer

Modified Bitumen include durability,

cost, and quality

The business case

Polymer Modified Bitumen Investment Opportunity Summary


Roofing Coating Roads Paving Waterproofing

Polymer Modified Bitumen Applications


Cost Service Level Durability

Significant potential for

cost savings in terms of

life cycle cost

Improve rutting and

fatigue resistance.

Improve the service level of

future/ old roads to follow up

the growth and

development in the Saudi

Arabia.

Polymer Modified Bitumen Products Benefits


Ministry of Transportation (MOT) requires the paving binder to comply with the performance

grading (PG) for Superpave: Performance-Graded Asphalt Binder Specification:

o PG 64-10

o PG 70-10

o PG 76-10

o PG 82-10

In accordance with:

o AASHTO M320

o AASHTO T350 (test method)

Source: MOT General Direction of Materials and Research: Hot Asphalt Mix Design System

Engineering Standards and Materials System Specification


• The global demand on

the Bitumen is expected

to grow by 2.5% in the

coming years.

• The Bitumen production

is expected to reach ~

176 MMT by the year

2035.

119121

125128

131134

137141

144148

152156

159163

167172

176

-

20

40

60

80

100

120

140

160

180

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

MM

Ton

Global Demand of Bitumen

2.5%

Source: http://www.factfish.com/statistic/bitumen+asphalt,+total+production, Saudi Aramco Internal Analysis

http://www.factfish.com/statistic/bitumen+asphalt,+total+production


• The demand on the PMB

is expected to grow by

2.5% in the coming years

• ~ 50% of Bitumen’s final

product in Saudi Arabia is

used by MOT.

• 60% of the Bitumen used

in the MOT projects,

require modification.

2.5%

Source: http://www.factfish.com/statistic/bitumen+asphalt,+total+production, Saudi Aramco Internal Analysis

2.392.45

2.512.58

2.642.71

2.782.84

2.922.99

3.063.14

3.223.30

3.383.47

3.55

0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

2.2

2.4

2.6

2.8

3

3.2

3.4

3.6

3.8

2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035

MM

To

n

KSA Demand of Bitumen

http://www.factfish.com/statistic/bitumen+asphalt,+total+production

Saudi Aramco: Public © Saudi Arabian Oil Company, 2020Source: Source: Saudi Aramco Internal Analysis

Blending processPolymer Modified Bitumen

(PMB)

Bitumen

Modifier

(Polymer)

Polymer Modified Bitumen Value Chain Mapping

Available Locally




localizing polymer.


new technologies for PMB

blending processes and.

• Potential exist to establish

multiple facilities PMB for

asphalt, and additional

production lines to meet the

growing demand in the local

market.



chain capabilities such as:

• Long haul trucking

• Containers

• Loading and

warehousing

• Bring new transportation

equipment for high

modified PMB such as

heated and agitation

tankers.

• High potential in paving

industry because of the coming

government strategy to be a

logistic hub by 2030.

Raw Materials IntermediateFinished Products


Polymer Modified Bitumen Value Chain Mapping Analysis



In case you are interested in discussing these opportunities further, please contact

Salem M. Alghamdi

Nonmetallic Business Development Group Leader

Saudi Aramco

[email protected]

Mohammed Altwaijri

Local Business Development

Saudi Aramco

[email protected]

For More Business Development & Market Information Visit:

Website: www.iktva.sa/opportunities

Email: [email protected]

http://www.iktva.sa/opportunities

mailto:[email protected]


Thank you

nonmetallic in building and construction value proposition ......ventures, associates and entities...

Documents