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Middle East exported 19.83m tons of polyolefins to world markets in 2016 up from 18.84m tons in 2015: Dubai, UAE, 14 January 2017: ArabPlast 2017, the international plastics, petrochemicals and rubber industry trade fair, has concluded recently with ambitious aspirations for the future of the industry locally and regionally. Under the theme of “together we innovate”, participants in the exhibition have reiterated their determination to adopt innovative strategies in order to develop their productions’ capacities in a sustainable and effective way. “In ArabPlast 2017, participants were able to find out about the latest technologies, machineries and trends of designing products that give a better quality of life to end users,” said Satish Khanna, General Manager of Al Fajer Information and Services. According to the GPCA Innovation Survey 2015, the number of companies that have formulated an explicit innovation strategy has doubled from 21 percent in 2010 to 41 percent in 2015. The 13th edition of ArabPlast 2017 has indeed seen an impressive rate of participations. The exhibition displayed also world-class machineries and techniques in injection molding, blow molding, wrapping and packaging, as well as pre and post plastic processing techniques, and raw materials such as additives and polymers. “We have received great feedback from exhibitors and visitors alike. ArabPlast is definitely the rendez vous for decision makers from the industry, technical experts, global processing companies and suppliers to meet, to exchange expertise and share best practices and make business deals,” emphasised Khanna. ArabPlast 2017 has enhanced its global rank as one of the leading pertrochemicals and plastics events in the world, by playing a crucial role in bringing European, American and Asian plastics machinery technologies to the Middle East and North Africa. Given that the Middle East - mainly the GCC countries and Iran - exported in 2016 19.83m tons of polyolefins to world markets, up from 18.84m tons in 2015, according to figures from ICIS, the world's largest petrochemical market information provider. Exports in 2017 are expected to reach 20.59m tons, with over 7m tons going to Northeast Asia and close to 4.5m to the rest of Asia, and 5.4m tons going to Europe. The same source has announced that Asia dominates global consumption, accounting for more than half of the market. China alone consumes over a quarter of PE and over a third of PP, while India consumes a further 5% and 6.5% respectively.
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