Oman’s average imports of rubber and its products, according to the International Trade Center, amounted to approximately 276.8 million US dollars, indicating that the project The rubber granules production plant in the Sultanate of Oman represents a promising investment opportunity.
What is a rubber pellet manufacturing plant?
The project’s concept relies on recycling damaged tires to produce rubber pellets, which are widely used in sports field surfaces, roads, fitness centers, parks, playgrounds, and more. The project will leverage high expertise and competencies, which will qualify it to capture a share of the target market.
In 2021, the value of the global rubber products market reached. 340.99 billion US dollars. By the end of 2022, forecasts indicate that the value of this market will reach 370.86 billion US dollars, with a compound annual growth rate of 8.8%. By the year 2026, the value of the rubber products market will reach 496.02 billion US dollars with a compound annual growth rate of 7.5%. …
The company ‘Mashroo3k’ Consulting confirms that the rubber granule production factory project in the Sultanate of Oman presents a significant and promising investment opportunity, especially considering that the demand in the Sultanate for the project’s services increases year after year. It is worth noting that the average imports of the Sultanate for rubber and its products, according to the International Trade Center, reached 276.8 million US dollars; a substantial figure that the project aims to reduce in the coming years.
For more details on the latest economic indicators and investment opportunities in the Sultanate of Oman, as well as the main funding entities supporting successful investment projects in the Sultanate, you can contact the investor service team from your project consulting firm.
