Saudi Industrial Resins

What Saudi Industrial Resins does

Saudi Industrial Resins Limited (SIR) is a specialty chemicals manufacturer headquartered in Jeddah's Third Industrial City, Saudi Arabia, operating as a joint venture between ALTA performance materials and private Saudi Arabian shareholders. The company produces unsaturated polyester resins (UPR) under its Siropol® brand, gel coat resins under Sirogel®, and vinyl ester resins under the Hetron® and Derakane® brands, alongside complementary composite materials including glassfiber reinforcements, release agents, pigment pastes, and cure-control additives. Its product portfolio spans orthophthalic, isophthalic, iso-neopentylglycol, halogenated flame-retardant, SMC/BMC, and engineered stone resin variants, formulated for molding, casting, laminating, filament winding, pultrusion, RTM, hand lay-up, spray-up, and synthetic marble applications. Certain SKUs carry WRAS approval for potable water contact, Lloyd's Register type approval for marine and construction fabrication, and ASTM E84 Class I / BS 476 Part 7 fire-rating certifications; the Jeddah facility is also certified to ISO 9001:2015 and ISO 14001:2015 (2022-2025).

SIR serves industrial B2B customers in four primary end-use segments: composites manufacturing (the primary segment, covering molding, lamination, and FRP fabrication), construction and infrastructure (water tanks, building panels, portable sanitation), marine (boat hulls and structures), and consumer products/sanitary ware. Revenue is generated through one-time sales of resin and specialty product lots, including customized pigmented and filled formulations tailored to individual customer requirements. Pricing is not publicly disclosed and customers are directed to contact SIR directly for quotes, consistent with negotiated industrial B2B contracting.

The company distributes its products through a network of regional agents and distributors covering Saudi Arabia, Egypt, Lebanon, Jordan, Iraq, and the UAE, with named local partners providing warehousing, sales, and technical service. Marketing is conducted primarily through a corporate website serving as a product and certification catalog with downloadable technical data sheets, supplemented by a LinkedIn corporate page and newsletter subscription. The company self-describes as the leading supplier of UPR and vinyl ester resins in the MENA region.

Name

Saudi Industrial Resins

Legal name

Saudi Industrial Resins Limited

Website

https://sir-ltd.com

Company type

Private

Founded year

1977

Operating status

Operating

Headcount range

51–100 employees

Short description

Saudi Industrial Resins Limited manufactures and distributes unsaturated polyester, vinyl ester, and gel coat resins under proprietary brands (Siropol, Sirogel, Hetron, Derakane) for B2B composites manufacturers across construction, marine, and consumer products sectors in the MENA region.

Ownership category

akta.pro rank

Product category

Industrial Resins (Specialty Chemicals)

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Plastics Material and Resin Manufacturing (325211)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Thermoset Resins (Epoxy, Phenolic, Unsaturated Polyester, PU resins) (IMAEANAE)

akta.pro secondary industries

Specialty Polymers & Resins (Engineered Materials) (IMAEABAK), Thermoset & Reactive Resin Manufacturing (Epoxy, Polyester, Phenolic, Urethane systems) (IMANAAAC)

Keywords

• Unsaturated polyester resins
• Vinyl ester resins
• Gel coats
• Composite materials
• Fire retardant resins

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales

Revenue model

1. Resin Product Sales: Revenue generated from manufacturing and selling unsaturated polyester resins, vinyl ester resins, gel coats, and composite auxiliary products to industrial customers in the MENA region.
2. Specialty / Customized Resin Formulations: Customised resin products including pigmented and filled materials tailored to specific customer requirements.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Saudi Industrial Resins Limited manufactures and sells unsaturated polyester resins, vinyl ester resins, gel coats, and composite auxiliary products (including glassfiber reinforcements, release agents, pigment pastes, catalysts, accelerators, and inhibitors) under the Siropol®, Sirogel®, Hetron®, and Derakane® brands. It also provides customised pigmented and filled resin formulations for composites manufacturers across the MENA region. The company is the leading regional producer of unsaturated polyester resins serving composites, construction, marine, consumer products, and sanitary end-markets.

Product overview

Saudi Industrial Resins Limited is a manufacturer and supplier of specialty chemical products, with its core portfolio centered on Siropol® unsaturated polyester resins (including orthophthalic, isophthalic, iso-neopentylglycol, engineered stone, SMC/BMC, and halogenated variants) and Sirogel® gel coat resins. The company also offers Hetron® and Derakane® vinyl ester resins, supported by auxiliary products including glassfiber reinforcements, release agents, pigment pastes, catalysts, accelerators, and inhibitors. The product architecture follows a core resins plus supporting systems model, where the main Siropol® resin lines serve as the foundational products for composite manufacturing, supplemented by specialized variants (fire retardants, customized formulations) and complementary chemicals. Products are distributed across the MENA region through a network of agents and distributors.

Differentiator

Problem solved

Functional benefit

Brands

• Siropol®: Brand for Unsaturated Polyester Resins, Fire Retardants, and related products
• Sirogel®
• Hetron®
• Derakane®

Products and services

• Siropol® Unsaturated Polyester Resins

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• ALTA performance materialscoreStrategic or Co-development PartnerSIR is a joint venture between ALTA performance materials and private Saudi Arabian shareholders. ALTA provides the technical expertise, established resin formulations (Siropol®, Hetron®, Derakane®), and composite solutions knowledge that forms the core of SIR's product portfolio and competitive positioning in the MENA region.
• CabotminorOthersCabot logo appears on the partner logos section of the About Us page, indicating some form of commercial or supply relationship.
• NouryonminorOthersNouryon logo appears on the partner logos section, suggesting a supplier or technical partnership relationship.
• INEOS CompositesminorOthersINEOS Composites logo appears in the partner section, indicating a commercial or supply relationship.

Scale indicators1 record

Recent moves6 records

Expansion highlights5 records

Regional players

• NCS Resins: South African manufacturer of unsaturated polyester and vinyl ester resins serving African and adjacent markets. Comparable specialty resin manufacturer with similar product positioning but different primary geography.
• Borouge: UAE-headquartered petrochemicals company producing polyolefins and related materials for infrastructure and packaging across MENA and Asia. Regional incumbent with overlapping end-markets, though focused on commodity rather than specialty resins.
• Turkuaz Polyester: Turkish manufacturer of unsaturated polyester resins serving regional composites and construction markets. Comparable product family and end-market focus with geographic proximity to MENA, making it a credible regional competitor.

Direct peers

• Polynt Group: One of the world's largest manufacturers of unsaturated polyester, vinyl ester, and specialty resins with global reach including Middle East operations. Directly comparable to SIR across the same core product families and end-markets (marine, construction, transportation, consumer composites).
• AOC (Aliancys): Global supplier of unsaturated polyester, vinyl ester, and specialty composite resins serving transportation, construction, marine, and consumer products. Comparable product range and customer overlap with SIR's core offerings.
• INEOS Composites: Global manufacturer of unsaturated polyester and vinyl ester resins, historically the owner of the Hetron and Derakane brands that SIR now distributes via its ALTA partnership. Operates at substantially larger scale with overlapping product portfolio and customer base.
• Interplastic Corporation: North American thermoset resin manufacturer producing unsaturated polyester, vinyl ester, and specialty resins for composites. Comparable specialty resin manufacturer with similar product architecture and customization capabilities.
• Scott Bader Company: UK-headquartered specialty resins manufacturer producing unsaturated polyester, vinyl ester, and gel coat resins for composites, marine, and construction markets. Comparable mid-sized specialty resin competitor with similar product positioning and certification-driven go-to-market.

Broad incumbents

• Allnex: Large global specialty chemicals and resins company offering a broad portfolio including composite resins, coatings resins, and additives. Overlaps with SIR in resin chemistries but operates at significantly larger scale across broader end-markets.
• Hexion: Global specialty chemicals producer with a substantial thermoset resins and adhesives portfolio serving composites, coatings, and construction. Comparable resin chemistries but much broader product and geographic footprint than SIR.

Market position

Strengths5 records

Weaknesses1 record

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/saudi-industrial-resins-limited
• Facebookfacebook.com/Saudi-Industrial-Resins-LTD-273482606046637

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Saudi Industrial Resins