SABIC
A global leader in diversified chemicals, manufacturing a wide range of products including chemicals, commodity and high-performance plastics, agri-nutrients, and metals.
- CEO / Founder
- Faisal Mohammed Al-Faqeer
- Team Size
- >1000
- Stage
- Active
- Total Funding
- Publicly Traded
- Latest Round
- Undisclosed
- Key Investors
- Saudi Aramco (70% ownership), Publicly traded on the Saudi Stock Exchange (Tadawul)
Technology & Products
Key Products
["Petrochemicals (Chemicals, Polymers)","Specialties (High-performance thermoplastics, composites)","Agri-Nutrients","Metals (Steel)"]
Technological Advantage
The company's vast scale of operations, vertical integration, and global manufacturing footprint create significant cost and logistical advantages. A worldwide network of R&D and technology centers allows for close collaboration with customers to develop tailored, high-performance material solutions.
Differentiation
Value Proposition
To provide high-quality, innovative, and sustainable chemical and material solutions that help customers achieve their ambitions and address global challenges.
How They Differentiate
SABIC differentiates through its secure and cost-advantaged feedstock supply from Saudi Aramco, a strong and expanding presence in high-growth Asian markets, and a deep commitment to sustainability and circular economy initiatives, which are increasingly important to its global customers.
Market & Competition
Target Customers
Manufacturers across various sectors including automotive, packaging, building & construction, medical devices, consumer electronics, and agriculture.
Industry Verticals
["Automotive","Building & Construction","Packaging","Consumer Goods","Medical","Agri-Nutrients","Clean Energy","Electronics"]
Competitors
BASF; Dow Chemical; LyondellBasell Industries
Growth & Milestones
Growth Metrics
Annual revenue of $37.74 billion in 2023. Brand value increased to $4.89 billion in 2024.
Major Milestones
["1976: Established by a royal decree in Saudi Arabia.","1983: First petrochemical plants became operational in Jubail and Yanbu.","2002: Acquired DSM's petrochemicals business, establishing a significant manufacturing footprint in Europe.","2007: Acquired GE Plastics for $11.6 billion, significantly expanding its specialty plastics portfolio.","2019: Launched the TRUCIRCLE™ initiative to promote a circular economy for plastics.","2020: Saudi Aramco completed its acquisition of a 70% stake in SABIC.","2023: Started commercial operation of a new polycarbonate plant in a joint venture with SINOPEC in China."]
Notable Customers
Major original equipment manufacturers (OEMs) and converters in the automotive industry; Electronics manufacturers; Packaging industry leaders; Construction industry partners