PLASTIVISION ARABIA 2012 TO BE HELD AT EXPO CENTRE SHARJAH FROM MAY 14-17
The Gulf states have what it takes to become a plastics production powerhouse on the back of their abundant hydrocarbon resources, and domestic demand growth driven by high per-capita income and population growth, according to a study.
Rising demand from Asia and increasing European appetite for Middle Eastern products are also helping absorb the surge in production of plastics and petrochemicals by fast-expanding GCC manufacturers.
The Gulf states account for 11 per cent of the US$ 600 billion global petrochemical industry. Over the next five years, the Gulf's market share of the global petrochemical industry will jump to over 17 per cent, said the study ‘Plastics: Middle East Market Intelligence Report’.
The study, commissioned by the Expo Centre Sharjah and conducted by UK-based Ispy Publishing ahead of the Plastivision Arabia exhibition in May 2012, said that in the same period, the GCC will see about US$ 57 billion investment in the industry.
“The UAE and the rest of oil-producing countries have embarked on a massive drive to diversity their economies and this has resulted in the manufacturing sector receiving more attention while drawing up strategic economic policies and investment plans. The plastics industry is a direct beneficiary of this drive, and, coupled with our natural edge in petrochemicals, the sector is set to grow rapidly,” said Mr Saif Mohammed Al Midfa, Director-General of Expo Centre Sharjah.
Although the UAE has remained heavily reliant on oil exports for its income, the hydrocarbon sector’s contribution to GDP has sharply declined over the years. From around 70 per cent in 1971, its contribution slumped to only 29 per cent in 2010, according to an official study. Non-oil GDP hit an all-time high of around Dhs 749 billion in 2010 compared with nearly Dhs 511 billion in 2006, it said.
Spearheading the growth of the industry in the region will be plastics packaging, with a global value expected to reach US$ 180 billion in 2011, the report said. Continuing growth in crucial sectors such as infrastructure, manufacturing, food & beverages and construction will also fuel the use of plastic resins and their products, which are used for pipes and valves.
The newest trade fair to roll out from the Expo Centre Sharjah stable, Plastivision Arabia 2012, will aim to take advantage of this market that packs huge growth prospects. The international plastics exhibition and conference, along with ArabiaMold, will be held from May 14 to 17, 2012.
“Positioned as a comprehensive and cost-effective platform for raw material producers, primary processing and auxiliary equipment suppliers and traders, the show has already received confirmations from more than a hundred exhibitors. It will also see the largest ever participation of Indian plastics companies, and cater to the rising demand from regional countries as well as emerging economies,” added Mr Midfa.
Expo Centre Sharjah has tied up with the All India Plastics Manufacturers Association (AIPMA) – the organizers of Plastivision India, and DEMAT GmbH – the organizers of world-renowned EuroMold, to bring the two premier industry events to Sharjah.
The show will also feature a Green Technology Zone, a special Green Technology Zone and seminars and workshops on Bio Plastics.
The exhibit profile will cover raw materials and auxiliaries, plastic products and processing, machinery and equipment for the plastics and rubber industries, moldmaking, tooling, design and services for the industry.
Plastivision Arabia and ArabiaMold will be organized by Expo Centre Sharjah, in association with the All India Plastics Manufacturers Association, DEMAT GmbH and the support of the Sharjah Chamber of Commerce and Industry and other associations from around the world.