The GCC chemical industry continues to strengthen its global position through consistent growth and operational excellence. Chemical production in the region increased by 5.7% in 2024, outperforming the global average, while the GCC maintained one of the highest capacity utilization rates among global peers, averaging 93%, well above levels in the EU (80%) and the US (76%). These strengths have supported the industry’s competitiveness and reliability, with GCC chemical sales accounting for approximately 1.5% of global chemical sales in 2024, reinforcing the region’s ability to sustain market relevance and build momentum for long-term growth in an evolving global landscape.
The petrochemical industry in the Gulf Cooperation Council (GCC) plays a pivotal role in driving economic growth and leading the global energy transition through innovation and sustainable solutions. As a cornerstone of the GCC economy, this industry not only fuels industrial development but also provides essential materials and products that support diverse sectors worldwide. Through continuous innovation, GCC petrochemical companies are at the forefront of advancing technologies that promote energy efficiency, reduce carbon emissions, and support the transition to a circular economy.
Global Market Share
Source: GPCA questionnaire and analysis, and Statista 2025
Source: GPCA questionnaire and analysis, Cefic Chemdata International and Board of Governors of the Federal Reserve System (US), 2025
Note: Percent of capacity utilization is seasonally adjusted.
Source: GPCA questionnaire and analysis, and Cefic Chemdata International, 2025