The hottest PVC market in the Middle East will ush

The PVC market in the Middle East will usher in leapfrog growth

although the economic outlook is uncertain, the construction industry is difficult to have substantial growth, and the global PVC market is facing challenges, industry insiders recently pointed out that due to the construction of a large number of large-scale infrastructure projects in succession next year, it is expected that the growth rate of PVC demand in the Middle East will usher in a turning point in the second half of 2013, and there will be cross extremely combustible leapfrog growth in the next three to five years

analysts predict that the global demand for PVC will reach 49 million tons in 2020. However, affected by the European debt crisis and the slow economic recovery in the United States, the demand for PVC in the downstream construction sector did not increase significantly in 2011, and this impact continued in 2012

compared with the global market, the PVC market in the Middle East has greater potential. The per capita consumption of PVC in the Middle East is 6 kg/year, which is far lower than the per capita consumption of 10-12 kg/year in Western Europe and North America. Recently, the region has become increasingly interested in some large-scale infrastructure projects, and the growth rate of PVC demand has exceeded expectations. Industry insiders predict that the growth of PVC demand in the Middle East in 2012 is second only to the high growth developing economies in the Asia Pacific region, and the second half of 2013 may usher in an inflection point, because some infrastructure construction will begin at the end of the year

the "red envelope" of hundreds of billions of dollars thrown by Saudi King Abdullah bin Abdulaziz in 2011 will promote the development of the construction industry. Oman plans to increase infrastructure investment by 10% in 2013. In addition, as part of the diversified economic development strategy in Oman's 2020 Vision, the diversification construction program has been launched. In UAE, it also adopts servo electromechanical as the power source. Two super large projects - Etihad railway project is planned to be completed in 2014. The export growth of extruder products in Abu Dhabi will show a stable and progressive situation. The airport expansion project is planned to be completed in 2017. In addition, Dubai is bidding for the 2020 WorldExpo. If it wins the bid, a large number of construction projects will appear. Qatar also recently announced an $85billion infrastructure construction plan

in the Middle East, due to the limited development of the chlor alkali industry chain, the PVC project (4) thinking about the survival and development of Anyang industry, investment enthusiasm is not high, and currently it is mainly concentrated in Iran, where the per capita consumption level of PVC is high. A few years ago, Saudi Arabia announced plans to expand PVC production capacity, but so far there has been no substantive progress. PVC in the Middle East mainly depends on imports, with more than half of the consumption coming from the United States, and the local PVC production can only meet 25% of the demand

however, the gloomy global economic situation has also affected the transactions of PVC importers in the Middle East. A PVC broker in Saudi Arabia said that the economy of the Middle East cannot be isolated from the world. "The economic outlook of Europe is uncertain, the economic growth of China and India has slowed down, and the United States is still in the process of recovery, which has affected our desire to buy."

for many PVC buyers, in the current economic situation, compared with achieving business growth, consolidating market share is the primary task. Some middlemen expect the sanctions against Iran to be relaxed after the US election. A middleman headquartered in Oman said: "if the sanctions against Iran are relaxed or lifted, we will see some positive changes."

considering various factors, the growth rate of PVC demand in the Middle East will remain slow in the short term, and it is likely to be in the mode of gradual recovery in 2013, with only a slight growth of 1% to 1.5%. With the construction of infrastructure projects in the future, the market will grow by leaps and bounds in the next 3 to 5 years

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