Strong support by GCC governments is boosting the development of local polypropylene (PP) conversion industries, according to consultants Frost & Sullivan. Growth of GCC manufacturing of packaging films and woven goods is bolstering demand for PP in a region which has long been a net exporter.
The GCC PP resin market for local conversion was worth $983mn in 2011, says Frost & Sullivan, but is expected to grow to $1.366bn by 2016. “GCC states’ easy access to PP resin, owing to their large oil and gas reserves, widens the scope for the local conversion of PP to downstream value-added products. With burgeoning population and rising GDP, key end-users such as packaging and construction are adding to the need for PP in the GCC,” says Vishnu Sankaran, head of Frost & Sullivan’s MENA chemicals practice. (CONTINUED - 581 WORDS)
