Petrochemical products in this region are produced from hydrocarbons derived from crude oil and natural gas, which are abundant resources in many countries within West Asia. West Asia has abundant reserves of crude oil, and countries like Saudi Arabia, Iraq, Iran, Kuwait, and the United Arab Emirates are among the largest producers in the world. Petrochemical polymers and plastics offer a wide range of properties and can be tailored to meet specific requirements. Petrochemical products serve as vital raw materials for numerous industries. The Philippines, with a population of over 110 million, is a rapidly growing economy in Southeast Asia. The country’s economy relies heavily on sectors such as services, agriculture, and manufacturing. The services sector, particularly IT, business process outsourcing (BPO), and tourism, contributes significantly to the country's GDP. The Philippines is a major exporter of agricultural products like coconut, bananas, pineapples, and sugar. Additionally, manufacturing industries, including electronics, semiconductors, and garments, play a crucial role in its exports.
