As per the report, the UAE plastics industry is mainly driven by construction industry which is focused on products/solutions, and also benefited from UAE’s drive towards green buildings in the recent years, according to BASF, an international leading manufacturer and innovation partner of plastic additives and pigments headquarters in Dubai.
According to the reports, a biggest plastics event known as Arabplast 2013 will take place in Dubai from January 7 to 10 of 2013 and BASF will highlight these trends in connection with its participation in Arabplast 2013.
According to Satish Khanna, the General Manager, Al Fajer Information and Services, co-organiser of Arabplast, multinational companies like BASF sees Arabplast as an ideal platform to boost their business and operations and also added that Arabplast 2013 will be 34% bigger than the 2011 edition, following record number of exhibitors and sponsors. H also said that, the major sponsors for Arabplast 2013 include Qapco, Borouge, Petrorabiag, and Tansee.
The report say that, companies from 41 countries will be participating in Arabplast 2013, which reflects the growing importance attached by GCC countries to strengthen their manufacturing industries, that include plastics and rubber sector, which are known to be more sustainable investments in the long run.
In Arabplast 2013, there would be display of new products and technologies in injection molding, blow molding, wrapping and packaging, pre and post plastic processing techniques along with raw materials, such as master batches, additives and polymers. The show features a broad variety of plastic machinery, plastic or rubber processing technology, pre and post-processing systems, plastic packaging technology, injection moulding, blow moulding, wrapping technology, extrusions, chemicals and additives, semi finished goods, engineering plastics and plastic products.
According to BASF, the world’s leading chemical company, the going green approach of the UAE has boosted the plastics industry in a wide range of sustainable products catering to the insulation in buildings, wire and cable jacketing and fiber optics and the report says that BASF designs gives solutions for key industries, such as agriculture, automotive, packaging, fiber, building and construction as well as electric and electronics.
According to Frank Fasdernes, Business Director of BASF Plastic Additives Africa, Eastern Europe and Western Asia, sustainability, and environmental friendliness, are the growth drivers of the plastic industry in the region, which is mainly due to the huge interest in eco-friendly construction and green buildings. He said that, even though bio-based and biodegradable plastics might remain a niche market for foreseeable future, conventional plastics will provide an environmental benefit in many applications such as thermal insulation, lightweight automotive components and packaging. He also added that, there is continuous growth in the plastics converting industry with substantial expansion of polymer production in the Middle East, making the region a major market for plastic additives along with a key market for plastic injection molders. He also added that the chemical industry will grow particularly in the emerging economies, and these markets will account for around 60% of global chemical production by 2020 and innovations based on chemistry will become a key role in three areas namely resources, environment and climate; food and nutrition ; quality of life.
This report provides information that GCC will become an important market for the plastics converting industry and the most prominent are the infrastructure industries, such as wire and cable, pipes and packaging sector.