Polypropylene revenues be $145 bn in 2019, says Ceresana study

Polypropylene revenues to be $145 bn in 2019, says Ceresana study

7:42 AM, 20th August 2012
Polypropylene revenues to be $145 bn in 2019, says Ceresana study

KONSTANZ, GERMANY: A dynamic growth of worldwide revenues for polypropylene, one of the most versatile plastics, is expected, amounting to more than $145 billion in 2019. Especially the dynamic economic development in emerging markets will continue to boost demand for polypropylene (PP), said a recent Ceresana report, ‘Market Study: Polypropylene (PP).’ Also the average annual growth rate of 4.4 per cent of the last eight years is likely to be surpassed in the future.

Asia-Pacific countries already account for more than half of worldwide PP consumption. This region is the most important sales market, followed by Western Europe and North America. Yet distribution of demand for PP in various regions of the world is likely to change notably. Analysts forecast countries in Asia-Pacific to increase their shares of the global PP market - mainly at the expense of saturated industrialized countries.

Changes in regional demand will also have an effect on the production structure of manufacturers. The global PP capacity of about 62 million tonne is likely to extend by more than 23.5 million tonne by 2019. More than 57 per cent of these new capacities will be built in the Asia-Pacific region.

Considering all the sectors using PP, packaging will be the most important market sector. Major consumers are producers of flexible and rigid packaging, who account for an aggregated demand of more than 50 per cent. Fibre made from PP as well as consumer goods reached a share of around 12 per cent each. Also, the sectors electrics & electronics as well as the transportation and construction industry consumed a notable share of global PP demand with around 6 per cent each. For the following eight years, with 5.8 per cent per year the largest increase in demand is expected for the transportation industry. At the other end of the spectrum are fibre with a 2.8 per cent per year increase only.

© WOC News

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