Polypropylene Market Trends - Capacity, Prices and End-Use Sectors in Asia-Pacific to Drive Growth - JSB Market Research
Released On 3rd May 2015
The industry analysis specialist, has released its latest research, "Polypropylene Market Trends - Capacity, Prices and End-Use Sectors in Asia-Pacific to Drive Growth". The study comes from the companys oil and gas research group and provides market analysis of the global polypropylene industry, highlighting major features. It gives historic and forecast market size and demand and production figures by region, covering Asia-Pacific, Europe, North America, South America, and the Middle East and Africa. It uses data and information sourced from proprietary databases, primary and secondary research, and in-house analysis by GlobalDatas team of industry experts.
According to the global polypropylene industry analysis, a steady growth is observed between 2003 and 2013 despite the global recession in 2008. Although developed regions such as North America and Europe remained stagnant in terms of both demand and capacity, Asia-Pacific led the recovery with strong demand from major polypropylene end-use sectors such as packaging and electrical. In the next five years, the European market is expected to improve slightly due to Russias expansion plans; however the North American market is expected to remain stagnant due to market saturation.
Asia-Pacific will remain the growth engine of the global polypropylene market with its higher-than-average demand growth. To fulfil rising demand, major countries in Asia-Pacific such as China and India are also increasing their production capacity. In the next five years, China and India are likely to add polypropylene capacity of 7.48 million tons per year (mmty) and 1.675 mmty respectively. Overall, polypropylene capacity in Asia-Pacific is expected to increase by around 12 mmty by 2018.
The report provides in-depth analysis of the demand and supply...