GCC plastics production to rise 73% by 2015

11 March 2012

The Gulf Petrochemicals and Chemicals Association (GPCA) has said the volume of annual production of plastic industries in the GCC countries is set to grow by 73% in 2015 from the current levels of 13.6 million tonnes to 23.6 million tonnes, Arab News has reported. The share of Saudi companies is expected to fall from the current 75% to 66% by 2015, while the share of Abu Dhabi is set to increase to 4.2 million tonnes from its current level of 3 million tonnes, representing a CAGR rate of 71%, said GPCA secretary general, Abdulwahab Al-Sadoun. Abu Dhabi's total plastic production will grow by 18% to overall GCC production in 2015, thus doubling its current rate of 8%, he added.

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