openPR Logo
Press release

Molded Plastics Market - Opportunity Assessment 2015 - 2023

09-21-2017 12:56 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: TMR

Molded Plastics Market - Opportunity Assessment 2015 - 2023

According to the findings of a recent report by Transparency Market Research (TMR), the molded plastics market in Gulf Cooperation Council (GCC) is highly fragmented, with ten leading companies accounting for merely 40% shares of the global pie in 2014. On the other hand, on the basis of geographical distribution, the GCC molded plastics market is consolidated, with Saudi Arabia accounting for 60% of the plastic converters while 15% belonged to the UAE. As for the new entrants, the report detects that since most of the prominent vendors have relatively smaller production capacity ranging from 10 to 50 kilo tons, higher production capability aimed at specific regional pockets will pave the way.
As per the projections of the TMR report, the GCC molded plastics market will increment at a strong CAGR of 8.3% during the forecast period of 2015 to 2023, reaching a valuation of US$14.22 bn by the end of 2023, considerably up from its evaluated worth of US$7.19 bn in 2014. Though there are a vast number of suppliers of molded plastics in GCC, there also are plenty of untapped growth opportunities, and expansion strategies as well as improved product portfolio will help the companies to strengthen their stronghold over the competition.

Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9779

Packaging and Construction Industries Driving Demand

Based on application, the GCC molded plastics has been segmented into building and construction, automotive and transportation, packaging, consumable and electronics, and others such as furniture and toys. Among these, the packaging industry accounted for the maximum demand at 52% in 2014, and is expected to remain most profitable, reaching a share of 56% of the overall demand by the end of 2023. The prosperity of the packaging industry in Gulf Cooperation Council is a reflection of consistently improving trade activities and the growth of the industrial as well as consumer goods sectors.

The products packaged with molded plastics undergo several development phases in order to comply with regulatory guidelines and the requirement of the end users. Enhanced performance against wear and tear, increased shelf life of food products, improved durability are some of the requirements that plastics need to meet for packaging applications. The population of this region has escalated quickly in the past decade, which has helped in creating manifold growth opportunities for molded plastic packaging market.

The building and construction is flourishing in GCC as well, wherein molded plastic are used to manufacture rain water & sewage pipes, electrical conduits, windows & doors, gas distributions pipes, plumbing, tanks, flooring tiles & rolls, and others. The medical and automotive are also expected to maintain significant demand rolling-in in the GCC molded plastic market.

Country-wise, the report studies the potential of molded plastic market in Saudi Arabia, Qatar, UAE, Kuwait, Bahrain, and Oman, and picks out Saudi Arabia as most profitable country, while the UAE and Kuwait are rated to expand the demand for molded plastic moderately during the forecast period, primarily gaining traction from the construction industry.

Request to download and view full ToC @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=9779

Medical Sector Opening New Avenues

Rapid growth of the packaging industry in the Middle East and the prosperity of the construction industry are two prominent drivers of the GCC molded plastics market, which on the other hand, is facing challenge from the unpredictable demand patterns of economic and political stability. Improved product portfolio to cater to diverse sectors and research and development are two key strategies adopted by the leading vendors to gain ground over their competitors. The popularity of lightweight materials and growing application in the medical industry is expected open new avenues for the GCC molded plastic market.

View Report @ http://www.transparencymarketresearch.com/gcc-molded-plastics-market.html

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact
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

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Molded Plastics Market - Opportunity Assessment 2015 - 2023 here

News-ID: 732057 • Views: 112

More Releases from TMR

Dried Herbs Market to Grow at CAGR 4.7%, Food Processing Industry to Fuel Growth
Transparency Market Research illustrates the competitive market in the dried herb industry including The Kraft Heinz Company, Mountain Rose Herbs, Van Drunen Farms, Robertet SA, and Pacific Botanicals. There are several players in the competitive and fragmented global dried herbs market. The manufacturing companies are concentrating on introducing organic herbs due to growing consumer awareness about natural ingredients. These manufacturers are also integrating different strategies to dry herbs without affecting
Coconut Milk Products Market Expected to Expand at a CAGR of 6.9% in Terms of Re …
With reference to the latest market forecast report published by Transparency Market Research, on the title, ‘Coconut Milk Products Market: Global Industry Analysis and Opportunity Assessment 2018-2026’, revenue generated from the global coconut milk products market has been estimated to be valued around US$ 885.9 Mn in 2018, which is projected to increase at a CAGR of 6.9%, to reach US$ 1,508.7 Mn in 2026. Read Report Overview: https://www.transparencymarketresearch.com/coconut-milk-products-market.html Coconut Milk
Clean Label Awareness to Drive Rice Syrup Market, notes TMR
The global rice syrup market is expected to experience steady growth, according to analysts at Transparency Market Research (TMR). Key worldwide production companies and product developers processing rice syrup focus on decreasing the concentration of arsenic by means of sophisticated methods of refining, without decreasing dietary importance. Because of increasing consumer demand, manufacturers are more likely to process organic rice syrup. The good alternative to honey by vegan customers is
Beta-Carotene Market Expected to Increase at a CAGR of 3.8% in Terms of Revenue …
Transparency Market Research (TMR) delivers detailed insights into the global beta-carotene market, in its upcoming outlook titled, ‘Beta-Carotene Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2027‘. The global beta-carotene market is projected to register a CAGR of 3.5% in terms of value during the period of forecast, due to various factors influencing the market, regarding which, Transparency Market Research offers detailed insights. Read Report Overview: https://www.transparencymarketresearch.com/beta-carotene-market.html Asia Pacific

All 5 Releases


More Releases for GCC

GCC Digital Signage Market-(2017-2023)
Market Forecast By Components (Display Screens, Content Players and Software), By Display Screen Types (Single Screen, Video Wall or Multi Screen and Digital Signage Kiosk), By Display Screen Technologies (LED, OLED and QLED), By Display Screen Size (Below 40", 40"-55" and Above 55"), By End User Applications (Government & Transportation, Retail, Healthcare & Hospitality, Education, Entertainment, Banks & Financial Institutions and Commercial Offices & Buildings), By Countries (Saudi Arabia, Bahrain
GCC Medium Voltage Switchgear Market (2017-2023)
Increasing infrastructure development activities, rising commercial sector and large scale investments in the power transmission & distribution network are the major factors that would drive the market of medium voltage switchgear market in GCC region. According to 6Wresearch, GCC Medium Voltage Switchgear Market is projected to reach $1.4 Billion by 2023. Medium voltage switchgear market in GCC has witnessed robust growth over the past five years due to growing electricity
MEED Insights: GCC Projects Outlook Report 2018
The market has been in freefall for more than two years. It’s never been more important for companies to have concise, accurate and comprehensive market intelligence than today. GCC Projects Outlook 2018 evaluates this new market and highlights the markets, sectors and projects presenting the best growth opportunity. It provides critical data to help you make key business decisions and inform your strategy. Using data from more than 15,000 live projects, this
Changing Dynamics of GCC Fertilizer Industry
Market Insights The changing dynamics of the GCC Fertilizers Market include rising population, falling commodity prices globally, and intense competition from abroad. In 2016, GCC fertilizer sales declined by 21%, to USD 5.2 billion. The same scenario was noted in 2015, wherein, the sales revenue dropped by 10%. The report provides a detailed analysis of the GCC fertilizer market, which is broadly segmented based on type and geography. Based on the type,
GCC Renewable Energy Sector Opportunity Analysis
The world’s largest producer of oil and gas is finding it increasingly difficult to suffice its own needs. An unprecedented increase in population and growth in industrial and economic activity has triggered newfound interest in renewable energy development for six major Middle Eastern economies. Saudi Arabia, UAE, Kuwait, Qatar, Bahrain and Oman, together knows as the Gulf Cooperation Council, have turned their focus towards the exploitation of renewable sources of
Emerging Renewable Energy Implementation in GCC
GCC region is shifting focus from its most prized asset, hydrocarbons. Oil and gas, though, still dominates the trade in and out of the GCC Region but it is looking to develop its renewable sources of energy as well. All the GCC countries have started to take the renewable energy way, contrary to their most important possession, non renewable (Hydrocarbons). The growing economy with growing population has affected a growth