Energy Industry Analysis and Market Trends

According to the findings of a recent report by Transparency Market Research (TMR), the molded plastics market in Gulf Cooperation Council (GCC) is highly fragmented, with ten leading companies accounting for merely 40% shares of the global pie in 2014. On the other hand, on the basis of geographical distribution, the GCC molded plastics market is consolidated, with Saudi Arabia accounting for 60% of the plastic converters while 15% belonged to the UAE. As for the new entrants, the report detects that since most of the prominent vendors have relatively smaller production capacity ranging from 10 to 50 kilo tons, higher production capability aimed at specific regional pockets will pave the way. Read Report Overview @ https://www.transparencymarketresearch.com/gcc-molded-plastics-market.html As per the projections of the TMR report, the GCC molded plastics market will increment at a strong CAGR of 8.3% during the forecast period of 2015 to 2023, reaching a valuation of US...

The market for molded plastics across the GCC countries is highly fragmented, with the top ten vendors accounting for a cumulative share of nearly 40% in 2014. Geographic distribution-wise, the market is highly consolidated, with over 60% plastic converters in the market located in Saudi Arabia and nearly 15% in the UAE. The market is thus highly competitive in certain regional packets and is extremely difficult to penetrate. However, as most large vendors have production capacities within the range of only 10 to 50 kilo tons and are confined to specific regional pockets, there’s plenty of scope for growth for new vendors. Browse Market Research Report @ http://www.transparencymarketresearch.com/gcc-molded-plastics-market.html Though domestic demand will be a key enabler of growth for molded plastic vendors in GCC countries in the next few years, the market will see an increased trend of expansion through ventures in export markets owing to better bottom-line grow...