We established a quick response research team to monitor the impacts of global pandemic COVID19 on this market to keep our clients informed about latest data and changing strategies. The report will incorporate these insight and data factors.
Polymers can be classified as the commodity and engineering polymers based on their application. Among the major sectors in GCC region under high development activities including construction, transportation, electronics and healthcare, consumer goods accounts for major share in the application of commodity polymers. Polypropylene and polyethylene, together termed as polyolefin accounts for 89% market share contributing highest growth rates to the commodity polymers. Polyethylene further classified into 3 types, LDPE (Low Density Polyethylene), LLDPE (Linear Low Density Polyethylene) and HDPE (High Density polyethylene). GCC PE production tops the total polymer production with nearly half of the output acquired by HDPE (28%). Commodity polymers market is an important segment of GCC chemical industry as it drives the chemical manufacturing at the secondary and tertiary level. GCC chemical industry is growing at a rate of 9% annually impacting the similar growth pattern for polymers market. Goldstein Research analyst forecast that the GCC commodity polymers market is expected to grow at a CAGR of 5.6% during 2017-2030. Further, GCC is witnessed into new project developments with enhanced technologies and products. Sadara Chemical Site in Saudi Arabia in 2017 started with PE and PP production solution with advanced technologies and highly integrated manufacturing complex, the largest in the world built in single phase. Furthermore, in GCC region, manufacturing of polymer trends is witnessed to shift towards sustainability, resource efficiency, cost and functionality in the wake of increasing environmental concerns all over the world.
Based on commodity polymers product types, polyethylene (PE) accounted to largest market share of 60% followed by polypropylene (28%). Commodity polymers are widely used across multiple industries leading to lions market share, whereas engineering commodity polymers are used only where required functionality is of mechanical and/or thermal properties.
Based on geography, Saudi Arabia accounts for nearly 62% market share in 2017 followed by UAE and Oman. Over the past decade, Saudi Arabia polymers market has grown by 11.8% in terms of production whereas, UAE by 23% and Qatar by 6.1% with similar growth impact on the commodity polymers industry.
Covered In This GCC Commodity Polymers Market Report
The report covers the present ground scenario and the future growth prospects of the commodity polymers market for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the GCC region.
GCC Commodity Polymers Market 2017-2030, has been prepared based on an in-depth market analysis from farm market experts. The report covers the competitive landscape and current position of major players in the GCC commodity polymers market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “GCC Commodity Polymers Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.
Our GCC commodity polymers market report comprises of the following companies as the key players: Qatar Plastics Products Company (QPPC), Saudi Arabia Basic Industries Corporation, Braskem SA, BASF SE, The Dow Chemical Company, Bayer AG, LyondellBasell Industries, ExxonMobil Corporation, Ineos Group AG, Arkema S.A., DuPont, etc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the farm market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.