Global PP market to reach 62.4 million metric tons

EUROPEAN PLASTICS NEWS

Published: September 9, 2013 2:31 pm ET
Updated: September 9, 2013 2:33 pm ET

Related to this story

Topics Materials, Materials Suppliers

A new report says the global polypropylene market will hit 62.4 million metric tons by 2020, driven by growth in Asia Pacific, the Middle East and Africa.

According to GBI Research, the market will grow at a healthy compound annual growth rate of 4.5 percent between 2011-2020, compared to 4.9 percent between 2000 and 2011.

Asia Pacific will account for 62.2 percent of the total and China and India are expected to generate more than 12 million metric tons of demand, or 84 percent of the Asia Pacific total. The North America market is expected to recover but the euro zone crisis will restrict future growth in the European market.

The packaging industry is expected to continue to be the leading end-use industry in terms of PP consumption. In 2011 the packaging industry was the greatest PP user, accounting for 30 percent of the market, followed by electrical (13 percent), equipment and facilities (13 percent), household appliances (10 percent), automotive (10 percent) and construction (5 percent).

In terms of feedstocks, the price of propylene, and therefore PP, may come down this year and in 2014 if the market stabilizes in line with the global economic and political settlement, according to the report.


Comments

Global PP market to reach 62.4 million metric tons

EUROPEAN PLASTICS NEWS

Published: September 9, 2013 2:31 pm ET
Updated: September 9, 2013 2:33 pm ET

Post Your Comments


Back to story


More stories

Image

Experts explain why resin sales are down in a healthy US economy

February 27, 2015 1:58 pm ET

The economies of the U.S. and Canada posted solid growth in 2014 — even though resin demand in those countries lagged behind.    More

Image

Industry vet Dwight Morgan joins M. Holland

February 27, 2015 1:55 pm ET

Resin distribution leader M. Holland Co. has hired industry veteran Dwight Morgan as its vice president of corporate development.    More

Image

Indian masterbatch makers growing locally and thinking globally

February 27, 2015 1:30 pm ET

GANDHINAGAR, INDIA — India’s masterbatch makers are expanding their domestic capacity to meet growing demand, as some are also moving...    More

Image

Polypropylene prices rise, while PE and PS fall

February 26, 2015 4:01 pm ET

North American prices for polyethylene and polystyrene resins continued to fall in February, while regional prices for polypropylene showed a...    More

Image

Price and sustainability both key to success for carpet recycler

February 26, 2015 1:28 pm ET

DALLAS — A green message will get you in the door, but ultimately that sustainability message has to be backed up with quality at the right pric...    More

Market Reports

Flexible Packaging Trends in North America

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.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 billion plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

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.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events