04 April 2011 16:06 [Source: ICIS news]
By Ong Sheau Ling
DUBAI (ICIS)--Plastics demand in the Gulf Cooperation Council (GCC) will potentially grow at an average of 9% year-on-year up to 2015, twice the estimated GDP growth of about 5%, GPCA secretary general Abdulwahab Al-Sadoun said on Monday.
Plastics consumption in 2010 was estimated at 3.3m tonnes, and is projected to hit 5.3m tonnes by 2015, he said in an interview with ICIS at the second Gulf Petrochemicals & Chemicals Association (GPCA) Plastics Summit.
“The growth is driven by two factors. The first is the population growth and the second is the rapid expansion in both the soft and hard infrastructure. This will then stimulate the demand for pipe, film, frames and so on,” said the secretary general.
“Soft infrastructure is the human resource. Professionals, equipped with the necessary skills will grow GCC into an important plastics hub,” he said.
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