CHICAGO (Nov. 6, 1:25 p.m. ET) — North American polyethylene makers are getting ready to ride a wave of shale gas. Natural gas from shale rock formations is making the U.S. and Canada among the lowest-cost producers of ethylene feedstock in the world — and that status could lead to almost 15 billion pounds of new cost-advantaged PE capacity being added in the region between 2012 and 2017.
North America represents about 30 percent of the global consumption of flexible packaging. Annual growth in this region is forecast at 4 percent during the next 5 years.
For more insight on growth opportunities, drivers of growth and the outlook for 2015, download this report.
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Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.