Qatar Plasticizers Demand to Grow at CAGR 10% till 2021
Rapid
growth in construction sector and surging demand for plastic, wires &
cables, pipes & fittings to drive Qatar plasticizers market through 2021
According to TechSci Research report “Qatar Plasticizers Market By
Type, By Application, Competition Forecast and Opportunities, 2011-2021”,
the market for plasticizers in Qatar is projected to grow at a CAGR of 9.75%
during 2016-2021. In Qatar, plasticizers are being increasing used as additives
in the production of films & sheets, pipes & fittings, wires & cables,
and in construction sector for manufacturing PVC based roofing, flooring and
wall coverings. On the basis of chemical composition, plasticizers are classified
into two categories - phthalate plasticizers and non-phthalate plasticizers.
Non phthalate plasticizers are majorly used in packaging, healthcare,
pharmaceutical and food & beverage industries, whereas phthalate
plasticizers are majorly used to impart features such as durability and
longevity to wires & cables, and flooring and wall coverings used in the construction
sector. Continuing growth in number of real estate and infrastructure projects in
Qatar is expected to positively influence the demand for plasticizers over next
five years.
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Growing need for polymers used in various applications such as roofing
and wall covering solutions is also boosting the consumption of plasticizers.
Qatar is expected to witness more than 8% growth in demand for PVC in the
coming years, which is highest in the GCC region. Polymer production capacity of
the country stood at 2.1 million tons in 2015, and is expected to increase at a
CAGR of 8% during 2016-2021. Moreover, construction industry, which is the second
largest and the fastest growing end user industry for plasticizers in Qatar, is
anticipated to grow at a CAGR of more than 10% over the next five years. All
these factors are expected to boost demand for plasticizers in the country
through 2021. Few of the major global players operating in Qatar plasticizers market
include Clariant, Lanxess, Petrochem, and BASF.
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“During 2011-2015, growth in demand for plasticizers from
wires & cables was the highest, however, over the next five years, growth
in demand for plasticizers from construction sector is anticipated to be higher.
Increasing construction activities in Qatar, in both residential as well as non-residential
segments, coupled with continuing infrastructure development is expected to
result in increasing plasticizer consumption over the next five years.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Qatar
Plasticizers Market By Type, By Application, Competition Forecast and
Opportunities, 2011-2021” has evaluated the future
growth potential of Qatar plasticizers market and provides statistics and
information on market structure, industry behavior and trends. The report
includes plasticizers market projections and demand forecasting. The report intends
to provide cutting-edge market intelligence and help decision makers to take
sound investment evaluation. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges and opportunities
in Qatar plasticizers market.
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