Home / Knowledge / News / Textiles / GPCA optimistic on GCC petrochem, chemical prospects
GPCA optimistic on GCC petrochem, chemical prospects
24
Apr '13
The petrochemicals and chemicals production capacity of Gulf Cooperation Council (GCC) countries is expected to rise to 191.2 million tons by 2020, which would be a whopping 50 percent rise over last year’s capacity of 127.8 million tons, the Gulf Petrochemicals & Chemicals Association (GPCA) mentioned in its annual review of its petrochemical and chemicals database.
 
The growth expectations are mainly based on Saudi Arabia, whose petrochemical capacity is likely to grow by about 40.6 million tons by 2020. In addition, Qatar and UAE are also likely to add 10 million tons and 8.3 million tons, respectively, to their existing capacities.
 
GPCA has extended the database for four more years to cover period from 2005 to 2020, so as to provide all producers, researchers, policy makers and all other industry stakeholders an enhanced insight into the industry’s future.
 
The database provides details like historical capacity, output and import-export statistics based on product, country and company for the period from 2005 to 2020. Also, with a 297 percent rise in its product coverage, the number of products covered in the database has now increased to 119.
 
According to GPCA Secretary General, Dr. Abdulwahab Al Sadoun, the said database is of vital importance for all industry stakeholders for assessing the region’s petrochemical and chemical industry’s overall health. Based on this database, the stakeholders would be able to identify growth areas and cash in on the several opportunities that the sector extends in future.
 
The data compiled on the basis of information provided by more than 100 Gulf companies, has been verified on an independent basis.
 
As first ever trade association of Gulf, GPCA was formed in March 2006 and today, it is the biggest body representing Middle East’s downstream petrochemical and chemical industry. 
 
GPCA now has 204 members representing 30 countries, including the Arab world and other multinational conglomerates.
 
The GCC includes six countries, namely, the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
 

Fibre2fashion News Desk - India


Must ReadView All

Apparel/Garments | On 21st Sep 2017

UK fashion exports £10.7 bn in 2016; highest till now

Exports of British fashion goods rose to £10.7 billion in 2016, the...

Apparel/Garments | On 21st Sep 2017

BFC announces partnership with Chinese firm JD.com

The British Fashion Council (BFC) has forged a new partnership...

Textiles | On 21st Sep 2017

Indonesia’s textile exports may reach $15 billion by 2019

Indonesia’s textile-related exports are projected to reach $15...

Interviews View All

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search