Polycarbonates leads Asia polymers growth

30 October 2007 17:32  [Source: ICIS news]

MUMBAI (ICIS news)--Polycarbonate is the fastest growing engineering plastic in Asia at around 19%, an official from SABIC Innovative Plastics said on Tuesday.

Asia’s total engineering thermoplastic (ETP) was 2.5m tonne/year in 2006, and grew at around 15% , said Prabir Das, vice president of commercial resins, North India at SABIC Innovative Plastics at the Asian Chemical and Petrochemical Investment Conference.

In his 2008 outlook for China, Das expected per capita consumption of polymers at 19 kilograms, total plastics demand at 30m tonnes, and ETP demand at 1.5m tonnes.

"China’s polycarbonates demand would be half of its ETP at 800,000 tonnes, growing over 10%, followed by polyamides demand at 260,000 tonnes," he added.

In his 2008 outlook for India, Das anticipated per capita consumption of polymers at 5.0-5.5 kilograms, total plastics demand at 6m tonnes, and ETP demand growth of more than 14% at 95,000m tonnes.

"India’s polycarbonates demand would also be half of its ETP at 95,000 tonnes, growing over 14%," he added.

Das pointed out the limitations in India as the lack of robust specifications and standards, high duties, a still developing high-end market and processing and related technologies.

Applications for ETP include data storage discs, automotive and electrical industries, and sheets and bottles.

Engineering plastics are light weight, insulate materials that are resistant to corrosion, flame and high temperature.

The Asian Chemical and Petrochemical conference is jointly organised by ICIS and the Indian Chemical Council.

The conference ends on 30 October.

(Anu Argwal contributed to this article)

By: Divya Chowdhury
+65 6780 4359

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