The Kingdom of Saudi Arabia, the UAE and Turkey are three core countries in the region that are actively incorporating the plastics circular economy with the assistance of the chemical recycling technology.  (Source: © Anastasiia - stock.adobe.com)
Market Insight

Beyond Oil: The Rise of the Plastics Circular Economy in the Middle East

With an aim to diversify from oil & gas – the gold of the Middle East – toward sustainability, the region is undergoing a bold and transformational shift. The plastics circular economy is one such initiative steadily gaining momentum across the Gulf. It not only addresses pressing environmental concerns but also unlocks new economic opportunities while reinforcing national visions such as Saudi Arabia’s Vision 2030, the UAE’s Circular Economy Policy, and Türkiye’s National Circular Economy Strategy.

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Escalating production expenses, surging energy costs, subdued demand, and waning investments leave no doubt – the European chemical industry is in a crisis.  (Source: © Grispb - stock.adobe.com)
Market Scenario

Europe’s Chemical Industry in Crisis

Europe’s chemical industry is sliding into crisis as rising energy costs, weak demand, and dwindling investments force widespread plant shutdowns. Without swift policy intervention, the region risks losing its industrial backbone to competitors in lower cost, faster growing markets.

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