MUTTENZ, SWITZERLAND — Even the smaller countries of Bahrain, Kuwait, Oman, and Qatar exhibit growth and potential. In particular, the 2022 World Cup in Qatar has created major construction projects benefitting the plastics industry. Combined with the World Expo in Dubai 2020 and on-going residential construction across the region, it is easy to see why the plastics processing industry in the GCC is expected to be stronger than the rest of the Middle East, with growth forecast at a little over 3% and total polymer demand expected to be just under 5 million tonnes by the end of 2016.
Further evidence for this stable market is rising incomes and reduced unemployment that will continue to drive demand for a large amount of consumer and household goods and appliances. The region is now moving onto the next stage of its development programme, with a special focus on downstream industries and plastics conversion. Leading the way are Saudi Arabia and the UAE, which have introduced a series of initiatives to boost growth of small and medium-sized industries (SMEs) for plastics processing.
Documenting the development of plastics processing in the region, AMI has recently released the latest version of its database of Plastic Processors in the GCC, the most comprehensive and reliable guide to over 470 production sites across the region. The database provides contact information (address, telephone, and managerial contact), processes operated, polymers used, polymer consumption, markets served, and some machinery information. There have been 114 sites added since the previous edition with a number of existing sites also expanding to cover new processes. Keeping track of the changes in this region can be a challenge and AMI researchers have spent many hours and carried out hundreds of telephone interviews with all the significant players in the industry to provide the market with this unique and reliable picture of the leading plastics processors in the GCC.
For more information contact:
Tel: +44 (0)117 924 9442,
e-mail: info@amiplastics.com, or go
to www.amiplastics.com
from an article at RotoWorld®
https://rotoworldmag.com/polymer-demand-in-the-gcc-2016/
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