PETROL TO PLASTICS bagging the future… The GCC Story!
BIG OPPORTUNITY @ #ARABPLAST
- • 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
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