- GCC accounts for only 2% global plastics conversion market, even though 11% of the global raw material is produced here
- For instance, 25 million tones of #plastics resins are produced in GCC, only 3 million is converted here as final products
- Even IMF has predicted that GCC’s GDP will grow substantially if they focus on this conversion market
- Reducing the weight of a Jetliner by just half kg, saves $ 1000 in fuel during the jetliner’s life
- 15% of modern cars weight is plastics. 15-17% weight of Dreamliner is plastics now, though 50% components are plastic compounds
- Tap a market worth US $ 46 billion dollars @ AP 2015
Tuesday, December 16, 2014
BIG OPPORTUNITY @ ARABPLAST
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