The Petrochemicals Market is experiencing significant expansion globally, with the Gulf Cooperation Council (GCC) region emerging as a key hub for production and innovation. The GCC petrochemicals market was valued at USD 85,800 million in 2023 and is estimated to reach a value of USD 133,289 million by 2030 with a CAGR of 5.7% during the forecast period 2025-2030, reflecting strong growth driven by rising industrial demand and technological advancements.
The GCC region's strategic position, abundant hydrocarbon resources, and supportive government policies have positioned it as a central player in the global petrochemicals landscape. Manufacturers in the region are increasingly investing in modern production facilities and sustainable practices, ensuring long-term market competitiveness.
