Albany, NY (PRWEB) July 01, 2014
GlobalData, the industry analysis specialist, has released its latest research, Global Demand, Capacity and Prices for Polypropylene - End-Use Sectors in Asia-Pacific to Drive Growth. The study comes from the company's 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 GlobalData's team of industry experts.
The global polypropylene industry witnessed steady growth 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 Russia's 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 industry with its higher-than-average demand growth. To fulfill 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.
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The report provides in-depth analysis of the demand and supply dynamics of the global polypropylene industry, including:
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