Due to the rapid population growth and changes in people's consumption patterns, consumer industries such as packaging are also booming in the Middle East countries and the need for resins in these industries has also increased
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. In this region, resins are used in various industries such as construction, automotive, electronics, packaging, Furniture and home appliances. In the Middle East countries, due to the rapid growth of the construction industry, the need for construction resins is high. The use of resins has increased in large construction projects such as towers, residential and commercial complexes, airports and railway stations. Also, there is a significant demand for resins in the automotive industry in Middle East countries.
Oil and natural gas are considered as primary sources for the production of Petrochemical resins. West Asian countries , having a lot of oil resources, directly use these resources as a raw material for the production of resins. This issue reduces the cost of production and makes the price of resins produced in this region competitive. The presence of strong oil resources in the countries of West asia has made this region one of the largest centers of the world's petrochemical industry. The petrochemical industry, which is connected to the production of resins and other petrochemical products from oil, is considered a very important part of economic development strategies in these countries. This focus on the petrochemical industry has caused the significant development and growth of the resin industry in these countries.
For example, in the electronics industry, resins are used to make electronic components, protect circuits, and provide insulation. Also, in the packaging industry, resins are used as packaging materials and polymer films. In recent years, attention to environmental issues has increased in this region. Therefore, the demand for green and recyclable resins is also increasing. Due to the rapid population growth and changes in people's consumption patterns, consumer industries such as packaging are also booming in the Middle East countries and the need for resins in these industries has also increased.
- Saudi Arabia is one of the largest oil producers in the world and produces a significant portion of petrochemical resins domestically. Companies such as SABEC ( Saudi Arabian Petrochemical Company ) and SEBICO (SABEC Petrochemical Company) are active in this field.
- Iran is also one of the largest resin producers in the Middle East. Iran Petroleum Petrochemical Company (NPC) and petrochemical companies such as Pars Petrochemical, Bandar Imam Petrochemical and Aria Sasol Iran are some of the main producers and suppliers of resin in Iran.
- The United arab emirates is also one of the largest resin producers in the region. Companies such as Bropol, Borochim and Sharko produce petrochemical resins in the United Arab Emirates .
- Qatar is also active in the field of resin production and petrochemical industries. Companies such as Qatar Petrochemical and Pars Lian are responsible for resin production in Qatar.
- Oman also has a significant presence in the petrochemical industry and resin production. Companies such as Oman Petrochemical and Suhard produce resin in Oman.
Countries in the Middle East, including Saudi Arabia, Iran, the United Arab Emirates, Qatar and Oman, are important markets for resins. Due to its rich oil and gas resources, this region has a strong petrochemical industry and large production of plastic and polymer products. In the Middle East petrochemical industry, resins are used as raw materials in the production of plastic products such as pipes, films, plates and plastic parts. Also, in the automotive industry, resins are used in the production of car parts. In some countries, such as the United Arab Emirates and Qatar, the construction industry is growing and the demand for construction resins is high. The use of resins has increased in large construction projects such as the construction of towers, hotels, offices and commercial centers.
Thanks to the presence of many oil resources in this region, West Asian countries have the ability to produce various resin products. It includes various resins such as polyethylene, polypropylene, polyvinyl chloride, etc. The variety of products allows West Asian countries to act strategically in the resin and petrochemical industries, according to the needs of different markets. The oil-richness of West Asian countries makes it possible for these countries to act as major exporters of resin to the world markets. The large production capacity and high quality of hyperpetrochemical resins from West Asia enable them to compete strongly in the global market and earn high revenues from resin exports.
Due to the rapid growth of industries and market needs in Asia, this region is considered as one of the main destinations for resin exports from West Asia. Countries such as China, India, South Korea, Thailand and Vietnam are important export destinations. The European market is also very important for the export of resin from West Asia. Countries such as Germany, Italy, France and Poland have significant needs in the field of resin and are important export destinations for these countries. The American market is also important for the export of resin from West Asia. The United States of America and South American countries such as Brazil and Mexico are considered important export destinations in this region. Some African countries also have significant needs in the field of resin and can serve as an important export destination for West Asian countries. Countries such as Egypt, Nigeria and South Africa are among the Middle Eastern resin buyers.