A recent report published by the Transparency Market Research suggests that the molded plastics market in GCC (Gulf Cooperation Council) countries of the Saudi Arabia, Kuwait, the United Arab Emirates, Bahrain, Qatar and Oman is expected to reach $14.22 billion USD till 2023.
The injection molding market in GCC countries is mainly driven by the demand for raw materials such as PP (Polypropylene), Polystyrene, HDPE (high density polyethylene), raffia, etc. Among these downstream products, PP is the preferred resin because it is cost-effective, resistant to heat and has electrical insulating properties.
The ME (Middle East) region represents the 33% of the global PP demand with Saudi Arabia representing the main consuming country. What’s more, almost 85% of PP produced in the GEC countries is exported to China, Iran, India, Pakistan and the United States.
Basically, injection molding is the process of producing a component by putting molten plastic material under a high pressure into the mold. After the component is solidified and cooled, the two halves of the components are removed from the mold. The benefit of injection molding is that it is possible to produce a large volume of high-quality parts quickly and with greater accuracy.
Applications of injection molded plastics:
Injection molded plastics are increasingly used in the production of automotive parts, interior wrapping and various assembly parts. These processes are also adopted in manufacturing of packaging parts and components as they provide a vital contribution in terms of enhancing the prosthetic value of products.
The use of injection molding plastic products in construction is also gaining much prominence. Molded plastic is used to make piping systems, wall boards, insulations, for roofing purposes and more.
Moreover, health industry is too anticipated to witness the growing need for injection molded products owing to their use in manufacture of pregnancy test devices, housings for needles, blood sample analysis cuvettes and other medical devices. Medical devices and equipment made from this method are lightweight, cost-effective and can be sterilized easily.
Injection molding products also find their usage in automated processes as they aid in reducing the production costs. Furthermore, using technological advancement options such as robots to perform different operations such as finishing, assembling and loading components into injection molding processes can greatly augment the growth of this market.
With GCC states’ government continually making massive investments in the construction and burgeoning packaging sector, the injection molding technology is expected to dominate the GCC molded plastics market!
World Injection Molded Plastic Market – Opportunities and Forecast, 2014 – 2020, (January 2016, Priyanka Khuje), Retrieved from https://www.alliedmarketresearch.com/injection-molded-plastic-market
GCC Molded Plastics Market is Anticipated to Reach US$ 14.22 Bn in 2023, (March 15, 2016), Retrieved from http://www.transparencymarketresearch.com/pressrelease/gcc-molded-plastics-market.htm
Molded plastics market to rise more than 8% through 2023 in Middle East GCC countries, (March 18, 2016), Retrieved from http://www.plasticstoday.com/molded-plastics-market-rise-more-8-through-2023-middle-east-gcc-countries/207004564724335
A New Horizon for The GCC Plastic Processing Industry, (2014), Nexant, Gulf Petrochemicals & Chemicals Association
About 10% of Plastic is Recycled in GCC Countries, (29 January 2016, Heather Caliendo), Retrieved from http://www.ptonline.com/blog/post/about-10-of-plastic-is-recycled-in-gcc-countries
Growth in global in-mold labels market to be driven by demand for FnB products in China, India, South America, (n.d), Retrieved from http://www.plastemart.com/Plastic-Technical-Article.asp?LiteratureID=2263&Paper=Growth-global-in-mold-labels-market-demand-food-beverage-products-China-India-South-America