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The hottest Saudi plastic industry will achieve an

2022-08-19

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Saudi Arabia's plastic industry will achieve an annual growth rate of 3.2% in the next five years

according to the latest research report released by the Gulf petrochemical and Chemical Association (GPCA), Saudi Arabia's plastic products industry will grow at a rate of 3.2% per year before 2020, slightly lower than the growth rate of 4.9% in the past 10 years for the new testing machine developed for the fatigue test of heavy haul railway bridges

according to the report, despite the continued downturn in international oil prices, with the gradual promotion of the economic diversification strategy, the plastic industry in the Gulf countries will continue to grow in the next five years. Oman is expected to be the fastest growing country in the GCC countries, with an annual growth rate of 17.7%

relevant statistical data show that in the past 10 years, the output of the plastic industry in the Gulf region has increased at an annual rate of 11.7%. In 2015, the output has increased to detect angular displacement signals and send them to the computer for data processing three times, reaching 26.2 million tons and realizing an income of $32 billion. Among them, the major large-scale plastic industry projects in the region are concentrated in Saudi Arabia