GCC Plastic Market 2017-2030: Industry Share, Size, Emerging Trends, Demand Analysis, Growth Driver, Regional Outlook

Market Overview

Plastics market in GCC region is increasingly growing on the back of urbanization and developmental activities, with plastic manufacturing capacity reaching to 2.5 million tons in 2016. Polyethylene terephthalate (PET) accounts for largest market share of nearly 70% of the total engineering polymers. The major sectors in GCC region under high development activities are construction, transportation, electronics and healthcare, which contribute major share in the application of plastics. Manufacturing of polycarbonate (PC) acquires nearly 10% of the GCC engineering polymers, which has wide application in the construction industry. The growth of construction industry and other end-use industries are propelling the GCC plastics market. Plastics 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. Further, GCC region is focusing on specialized parks to tap the potential leverage of plastics industry, such as Rabigh Plus Tech Park, Sadara’s Value Park and PlasChem Park in Saudi Arabia; Khalifa Industrial Zone and Al Saja’s Oasis in UAE. On the other hand, the environment concerns will shift the plastics manufacturing trends towards sustainability, resource efficiency, cost and functionality due to ever increasing demand for plastics majorly in solar power sector, construction industry and packaging industry.

GCC Plastic Market Segmentation

By Plastic Product Types

• Commodity Plastics
  • Polyethylene (PE)
  • Polyvinyl Chloride (PVC)
  • Polypropylene (PP)
  • Polystyrene (PS)

• Engineering Plastics
  • PET
  • Polycarbonate (PC)
  • Elastomers
  • Epoxy Resin
  • Urea Formaldehyde
  • Polybutylene Terephthalate (PBT)
  • Others (Melamine Resins, Melamine Formaldehyde, etc.)

By Plastic Categories

• Thermoplastics
• Thermosets

By Application

• Film & Sheet
• Injection Molding
• Blow Molding
• Fibers

By End-User

• Food and Beverages Industry
• Automotive Industry
• Healthcare Industry
• Consumer Goods
• Electronics Industry
• Others (Agriculture Industry, etc.)

By Geography

• Saudi Arabia Plastic Market {Market Share (%), Market Size (USD Billion)}
• Qatar Plastic Market {Market Share (%), Market Size (USD Billion)}
• UAE Plastic Market {Market Share (%), Market Size (USD Billion)}
• Oman Plastic Market {Market Share (%), Market Size (USD Billion)}
• Kuwait Plastic Market {Market Share (%), Market Size (USD Billion)}
• Bahrain Plastic Market {Market Share (%), Market Size (USD Billion)}

Market Share by Poduct Type & Geography

Based on plastic product types, commodity plastics are widely used across multiple industries whereas; engineering plastics are used only where required functionality is of mechanical and/or thermal properties.

Based on geography, Saudi Arabia accounts for nearly 65% market share in 2017 followed by UAE and Qatar. Over the past decade, Saudi Arabia polymers market has grown by 11% in terms of production whereas, UAE by 24% and Qatar by 5.5% with similar growth impact on the plastics industry.

Covered In This GCC Plastic Market Report

The report covers the present ground scenario and the future growth prospects of the plastic 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 Plastic Market Outlook 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 plastic 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 Plastic Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Key Market Players

Our GCC plastic industry report comprises of the following companies as the key players: Qatar Plastic 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.

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Key questions answered in this GCC Plastic Market Report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for GCC plastic market
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the GCC plastic market’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects