GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
  • ArabPlast 2019, closed on a grand note witnessing the participation of more than 900 companies from 32 countries
  • Advanced economies currently use up to 20 times more plastic than developing economies on a per capita basis, underscoring the huge potential for global growth
Dubai, United Arab Emirates, 10 January 2019:   Industry experts at ArabPlast 2019 indicated that plastics will be the main driver for crude oil demand, accounting for more than 33 percent of oil demand growth globally in the period to 2030. ArabPlast 2019 - the biggest plastics, petrochemicals and rubber industry exhibition in the Middle East and North Africa (MENA) region, closed on a grand note witnessing the participation of more than 900 companies from 32 countries.
 
It has been observed that plastics – the key driver for petrochemicals from an energy perspective – has outpaced all other bulk materials (such as steel, aluminium, or cement), nearly doubling since 2000. Advanced economies currently use up to 20 times more plastic and up to 10 times more fertiliser than developing economies on a per capita basis, underscoring the huge potential for global growth.
 
“Plastics is experiencing a surge in demand, and the growth is fuelled by varied sectors. While packaging and infrastructure remain the key industries driving the growth of the plastics, construction plastics are also in high demand,” said Satish Khanna, General Manager, Al Fajer Information & Services, Dubai, organisers of ArabPlast 2019.
 
The construction plastics market was estimated to be USD 75.6 billion in 2018 and is projected to reach USD 105.7 billion by 2023, at a CAGR of 6.9 percent. About five percent of the world's petroleum is estimated to be used to make plastics. Plastics are widely used in the construction industry for application in pipes and windows, among others.
 
“Plastics have exceptional utility. It is not only flexible and affordable, but can also resist severe weather conditions, making it a popular source of item in the Middle East, Asia and Europe,” added Khanna.
 
Asia Pacific (APAC) is the largest and the fastest-growing market for construction plastics. In addition, China continues to drive the global demand of plastics due to its rising population and rapidly growing infrastructure facilities. Given the rise in construction, Middle East, Europe and US also serve as key players for driving demand in the industry.
 
In addition to construction and buildings, packaging is another sector driving the global demand for plastics. From bottles to food wrappers, the largest segment of the packaging plastics market, account for about 36 per cent of global demand. 



Posted by : GoDubai Editorial Team
Viewed 6496 times
Posted on : Thursday, January 10, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Emirates Nuclear Energy Corporation Celebrates 3rd Barakah Excellence Awards
Next Story : Siemens outlines economic, societal contribution to UAE in new report
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Tissot Introduces Chrono XL 3x3 Street Basketball Special Collection
Hackket's Bags of Style
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
BYS COSMETICS Now in UAE
Saint Honore
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
Max Mara Resort 2020 Collection
VBQ-presskit-denim-70s Capsule
New Land Rover Defender Completes Tusk Testing to Support Lion Conservation in Kenya
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
Natural and gentle haircare essentials for your little ones from Fifi & Friends'
Eberhard & Co. Alfa Romeo Limited Edition
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
Rado Captain Cook Automatic Limited Edition with travel case'
Electricity Most Searched Fuel Energy Term Online in UAE
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
Aston Martin Produces First Cars at St Athan
The Gucci Runway Makeup Looks for Cruise 2020
Certina DS PH200M collection'
UAE and Oman bodies sign MoU to jointly promote Internal Auditing
Backseat battles: kids driving their parents to distraction – and danger on the ...
Sony World Photography Awards Reveals New Categories for 2020 and Latest Sony Gr...
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
The Chaumet Garden of Earthly Delights
The Economic Times recognizes Malabar Gold & Diamonds as one of the Best Brands 2019
Choose the perfect fragrance this Father's Day with Rasasi
ZAAM Launches a spin on their iconic Polyhedron bag
From the Big Screen to Real Life: Tag Heuer Unveils New Monaco Limited Edition ...
Historic Opening of Coca-cola Arena Gets the Seal of Approval From Thousands of Fans
Jennifer Lopez in Ralph Lauren
The SS19 Exclusive Edit From Etoile “La Boutique''
Jaquet Droz Unveils Its 2019 Novelties at Dubai Mall
Happy Father's Day with Tonda 1950 Skeleton
CEO of Etihad ESCO, Ali Al Jassim's Statement on World Environment Day 2019
Empower launches summer campaign to reduce district cooling consumption for the ...
Restoration by Parmigiani Fleurier
Sharjah Chamber to Take Part in the 11th Edition of the World Chambers Congress ...
Dubai Cares supports 3-year teacher training program in Ghana to boost early chi...
Team Abu Dhabi award Cappellini new long-term contract
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Resolution: Airlines Urge Governments to Adhere to Global Slot Allocation Guidelines
Celebrate Father's Day with Marks & Spencer
Dan Martin Returns to the Road to Lead UAE Team Emirates at the Criterium Du Dauphine
Constructsteel Conference to take place in the Middle East for the first time
Emirates NBD highlights commitment to preserving marine biodiversity on World Oc...
Ibn Battuta Mall Eid Al Fitr Celebrations
Eberhard & Co. Alfa Romeo Limited Edition'