Plastics & Petrochemical Exports
Polymers account for 16 million tons of total yearly petrochemical production in the Saudi
Arabia
The Global Polymers Market
The global polymers market size is growing every day and is expected to reach over USD 838.5 billion by 2030, and the global demand for plastic products over 2021-2023 will rise by an annual average of 2.0- 3.0 parallel to the recovery of the global economy.
Plastic is a low cost material, so it is perfect for reducing manufacturing costs, and many idustires depend on it
such as transport, electronics, medicine, construction, argiculutre, containers , and many more.
The global plastic market accounted for $439.28 billion in 2021 and is expected to reach $616.82 billion in 2028, at a CAGR of 5.0% in the forecast period (2021-2028).
Saudi plastics and petrochemical exports grew from less than half a billion dollars in 1985, to 22 billion dollars in 2011.
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