A MARKET-FOCUSED SERVICE OF SUPPLYING A COMPLETE RANGE OF RAW MATERIALS TO THE COATINGS, CONSTRUCTION, INKS, PLASTICS, PACKAGING, FIBERGLASS, RUBBER, FOOD AND ALLIED INDUSTRIES.
Tawazon caters to a wide range of industries, supplying quality raw materials and chemicals for products that we all use every day. The industries we cater to include the following.
The coatings segment has a sizeable share of Tawazon Chemical Company’s bottom line. Tawazon’s customer base in the decorative segment has grown exponentially in the last three decades, along with the industrial segment which saw a surge in automotive , epoxy coil and aerospace grew coatings, due to the spurt in business activity . Tawazon’s core forte in the coatings’ business is consolidation at various global stock points, to ship to customers worldwide. Be it additives, pigments, specialty extenders, and generic or specialty resins, Tawazon is a one-stop-shop for the paint industry. With the global paints and coatings market projected to grow from $150.76 billion in 2021 to $217.66 billion in 2028 at a CAGR of 5.4%, coatings will continue to be a key focus segment of Tawazon’s growth in times to come.
The global ink market reached a value of nearly USD 20.6 billion in 2020. The market is further expected to grow at a CAGR of 3.0% in the forecast period of 2021-2026, to reach approximately USD 23.88 billion by 2026. Tawazon deals in a wide range of raw materials used in ink formulations including resins, polymers, plasticizers, dyes, and pre-micronized pigments. The raw materials that Tawazon caters to, include various types of inks based on processes including flexographic, Rotogravure, offset Letterpress etc. The product offering for inks includes all types of inks; solvent-based, water-based and UV inks too.
Fiberglass has a vital stake in Tawazon’s product portfolio, albeit a smaller percentage contribution towards the overall business. The global fiberglass market is projected to grow from USD 11.5 billion in 2020 to USD 14.3 billion by 2025, at a CAGR of 4.5% from 2020 to 2025. Fiberglass is lightweight, strong and less brittle and hence, it is widely used in bathtubs, boats, aircraft, roofing and other applications. Tawazon’s share in the fiberglass business has increased immensely in the last couple of years, owing to the popularity of artificial marble and extensive use of fiberglass in kitchen slabs and boat manufacturing. Be it G.P resin, glass reinforcements, additives, cleaning agents, release agents or tools for application, Tawazon stocks it all across all its operations worldwide.
The global plastic market size stood at USD 434.71 billion in 2020. While it exhibited a decline of 1.2% in 2020, it is projected to grow from USD 439.28 billion in 2021 to USD 616.82 billion in 2028, at a CAGR of 5.0%, in the 2021-2028 period. Plastics is one of the fastest-growing departments in Tawazon, especially in the last decade. This is in line with the worldwide growth of the plastics market. Be it additives, pigment preparations, masterbatches, solvents, specialty minerals wax and processing aids, Tawazon gives you the full basket of products for different applications such as PVC Pipes & Fittings, Windows & Profiles, Sheets, and Cables, PET Bottle & Sheets, Master Batch and Additives for Polyolefins & Engineering Plastics. The incredible versatility and diversity of plastics, from food packaging to furniture has resulted in Tawazon playing a fundamental role in catering to the requirements of diverse industries in the plastics sector.
The value of the global rubber market stood at USD 41.77 billion in 2020 and it is projected to reach USD 51.21 billion by 2027, exhibiting a CAGR of 5.3% during the forecast period. Rubber is a key focus area for growth, which has gained momentum in recent years. Tawazon stands out for both its local knowledge and superior insight into the challenges our clients face, meeting their needs with the finest quality raw materials for the rubber products. From pigments to waxes, blow agents and UV stabilizers, flame retardant additives, and specialty minerals, Tawazon caters to an entire range of products.
Tawazon is a leading supplier of chemicals for the food industry, supplying a broad range of food additives and chemicals to food manufactures and producers across the region. The global market for food additives is set to grow from $41.9 billion in 2020 to $51.6 billion by 2025, with a compound annual CAGR of 4.3% for the period of 2020-2025. Tawazon’s footprint in the food industry has grown at a compounded rate in recent years. From sugar-reduction/fiber-addition additives to encapsulated vitamin premixes along with a complete range of nutraceuticals and botanicals, Tawazon is widening its portfolio to serve a more inclusive range of requirements for the industry. Tawazon ensures that their products match the customer’s requirements while balancing quality, affordability and cost.
The Global Packaging market accounted for $926.43 billion in 2019 and is expected to reach $1,652.28 billion by 2027, growing at a CAGR of 7.5% during the forecast period. Tawazon supplies chemicals and raw materials to support the production of rigid and flexible packaging, films of packaging for fresh and frozen foods, aluminum bags and industrial packaging to take on heavier containment jobs. With an entire range of ingredients for flexible converters for films (Polyester, BOPP, CPP, Nylon, PVC, LDPE, BOPE), aluminum foil, zipper profiles, lamination adhesives, extrusion coated films, and finished inks, Tawazon has gained a reputable standing within the packaging industry.
The global construction chemicals market size was valued at $32.0 billion in 2018, and is expected to grow to $50.6 billion by 2026, at a significant CAGR of 5.9% between 2019 to 2026. The growth which was primarily in the developed markets until the last decade, has seen a sudden surge in activity in developing economies as well. The construction industry has evolved both in terms of volumes and offerings. Be it chemicals for tile adhesion concrete admixtures asphalt modifiers or protective coatings, we have products which cater to the emerging needs of the industry. In percentage growth terms construction chemical industry will outpace coatings division in the foreseeable future.
Every member of the Ghobash Group of companies is backed by 50 years of collective insight into the business markets and industrial history of the Gulf region.
Building reliable partnerships towards mutual prosperity.
“To be the leading raw material supplier to focus industries, while growing Internationally, with emphasis on relationship building, customer-relevant service and our core values”.
Keep yourself abreast with the latest news @ Tawazon and inside scoop of developments within the industry. Read our latest news here.
Aug 26 2021
Packaging demand across the world reached US$917.1bn in 2019 and is expected to grow in the coming four years, according […]
Aug 26 2021
Fierce competition for ocean freight capacity is affecting the rising costs of shipping. In fact, freight rates are expected to […]