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emand across Construction and Packaging Industries to Help GCC Molded Plastics Market Achieve Massive Growth

03-24-2017 05:52 PM CET | Energy & Environment

Press release from: Transparency Market Research-Energy

emand across Construction and Packaging Industries to Help GCC

olded plastics are products made up of thermoplastic or thermoset resins through a molding process. The molding process essentially requires a mold or cast in order to provide the plastic with a specified shape. Molded plastics find application in most sectors and daily products such as bottles, furniture, pipes, conduits, wires, cables, containers, caps, cases, and consumer products.

This report provides a detailed description of the molded plastics market in GCC based on volume share (kilo tons) and revenue (US$ Mn) from 2014 to 2023. It highlights factors contributing to growth of the market and restraints hindering the market. Detailed forecast for molded plastics from 2015 to 2023 has been provided separately for a better understanding of the market scenario. The molded plastics market is described with respect to various segments along with potential opportunities during the next six years.

Browse Market Research Report @
http://www.transparencymarketresearch.com/gcc-molded-plastics-market.html

Saudi Arabia, Qatar, and Oman to Present Attractive Growth Opportunities

The GCC molded plastics market will gain the most attractive returns from operations across Saudi Arabia, Qatar, and Oman in the next few years. Saudi Arabia being home to nearly 60% plastic converters in the overall GCC molded plastics market, will continue to be the leading supplier of molded plastic in the market. The market for molded plastics in these countries will also benefit from the flourishing construction industry.

The UAE and Kuwait have been rated as moderately attractive countries for the GCC molded plastics market. The market in these countries has suffered a huge blow from the steep drop in crude oil prices observed recently. However, the construction industry has allowed for average growth of the molded plastics market in these countries.Rising Consumption of Molded Plastics in Construction and Packaging Sectors to be Key Determinant of Growth

The rising demand for molded plastics across the construction and packaging sectors are considered to be the key enabler of growth of the GCC molded plastics market. Rise in trade activities and increased consumption of industrial and consumer goods in GCC countries have bolstered the packaging industry in the region. This has, in turn, proved to be highly beneficial for the molded plastics market in the region.

Government initiatives towards the development of the construction industry, with an aim of supporting the rising population in GCC countries, have also presented significant growth opportunities for the molded plastics market in the region. However, the market for molded plastics in the region has suffered a massive blow from the recent economic downturn in Europe as Europe is the key exporter of molded plastics produced in GCC countries. Over the next few years as well, the GCC molded plastics market will suffer the negative impact of unpredictable demand in Europe.
Bahrain to Present Sluggish Growth Opportunities

The GCC molded plastics market is expected to gain the most lucrative returns in countries such as Saudi Arabia, Oman, and Qatar. Saudi Arabia, being the production hub of the GCC molded plastics market, will be the leading market for molded plastics. Oman and Qatar will lead to increased demand for molded plastics on account of the favorable growth of the construction and packaging industries.
However, the market will witness sluggish growth in Bahrain owing to low market penetration and slow economic growth. One of the other important reasons making the Bahrain market grim in terms of growth prospects the fact that most raw materials need to be imported, adding to the cost of the final product and reducing market’s attractiveness.
The GCC molded plastics market will expand at a healthy CAGR of 8.3% over the period between 2015 and 2023, and rise from a valuation of US$7.19 bn in 2014 to US$14.22 bn by 2023. In terms of volume, the GCC molded plastics market stood at 2.82 Mn tons in 2014.
This review of the market is based on a recent market research report published by Transparency Market Research, titled “Molded Plastics Market - GCC Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.”
Key Takeaways:

Unpredictable demand in Europe could bring major limitations to market growth
Saudi Arabia has over 60% of plastic converters in GCC market
Injection molding is the most prominently used technology; nearly half of plastic converter companies in GCC possess injection molding capability

For the purpose of this study, the market has been segmented as follows:
GCC Molded Plastics Market – Raw Material Analysis
Polyethylene (PE)
-Polypropylene (PP)
-Polyvinyl chloride (PVC)
-Polystyrene (PS)
-Polyethylene Terephthalate (PET)
-Others (Including Polybutylene Terephthalate (PBT), etc.)

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http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9779

GCC Molded Plastics Market – Technology Analysis
-Injection Molding
-Blow Molding
-Thermoforming
-Others (Including Rotomolding, Casting, etc.)

GCC Molded Plastics Market – Product Segment Analysis
-Pipes & conduits
-Bottles & containers
-Cables & wires
-Others (Including medical devices, automotive components, miscellaneous consumer goods, etc.)

GCC Molded Plastics Market – Application Analysis
-Packaging
-Consumable & Electronics
-Automotive & Transportation
-Building & Construction
-Others (Including toys, furniture, etc.)

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/

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