The annual revenue of downstream polypropylene converters in the six-member Gulf Cooperation Council will reach a combined total of $1.34 billion in 2016, US based consultancy Frost & Sullivan said Monday.
The GCC comprises of the UAE, Saudi Arabia, Oman, Kuwait, Qatar and Bahrain.
In 2011, downstream PP converters in the region had combined annual revenues of around $983.1 million, the consultancy said.
Some of the key applications for PP in the region are carpet yarns, nonwovens, geotextiles, woven bags, bi-axially-oriented films, casted films, injection molding products and in the automotive sector, the report said. Current PP production capacity in the GCC is estimated at 8 million mt/year, with downstream demand in the region estimated at about 785,000 mt/year, according to figures from Gulf Petrochemicals and Chemical Association, an industry body representing GCC based petrochemical producers.
