Petrochemicals Market in GCC: Emerging Trends and Growth Prospects

The Petrochemicals Market is evolving rapidly, with the Gulf Cooperation Council (GCC) region becoming a focal point for growth and investment. Fueled by abundant hydrocarbon resources and strong government backing, the GCC petrochemicals market has become a key contributor to the global chemical industry. Notably, the market was valued at USD 85,800 million in 2023 and is projected to reach USD 133,289 million by 2030, registering a CAGR of 5.7% between 2025 and 2030.