Plastics are one of the greatest innovations of the millennium and in today's world, life without plastics is incomprehensible.
The plastic industry barely existed about fifty years ago. Now, plastics represent one of the most ubiquitous raw materials used in a wide gamut of industries ranging from construction, automotives, packaging, electrical & electronics, appliances to medical products.
The Middle East, during the last decade, has fast emerged as a serious player in the global market owing to the twin benefits of low raw material and feedstock prices and proximity to the highly lucrative Asian market. Being a rapidly growing area, the Middle East offers an excellent opportunity for companies in this field. With huge volumes coming on line in the next few years, and the region becoming the focus of international polymer producers and converters, there is immense growth potential for the regional downstream plastics industry.