Examining the demand and supply of resins in the world market is very important. Focusing on improving the quality of resin products, including standards and technical features, can differentiate you from your competitors. First, start researching the global resins market and competitors to help you design your marketing strategy by examining the needs and demand, trends, competitors, and target audience in the global market. In the Middle East and West Asian countries, the resin supply and demand market is diverse due to the diversity of consumer industries and different needs. 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. Libya has rich oil and natural gas resources. Libya's oil is the main source of income from foreign exports of this country, and oil production in Libya plays an important role in its economy. The main part of Libya's economy is based on oil. The Libyan oil market has a great impact on the global economy and Libya is one of the members of the Organization of the Petroleum Exporting Countries (OPEC). Also, Libya is active in the production and export of natural gas. In addition to the oil and gas industry, parts of the mining, construction, transportation, financial services, and tourism industries also exist in Libya.
