03 September 2010 18:48 [Source: ICIS news]
SAO PAULO (ICIS)--Resin sales in Brazil should increase by 6.5% in 2011 as a result of favourable conditions in the country and strong demand, a consulting firm said on Friday.
While resin sales should still grow in 2011, they will grow at a slower rate than in 2010, when sales should increase by 10%, according to a report from Sao Paulo-based Tendencias Consultoria.
Growth was so strong in 2010 because of the World Cup, which caused demand to increase for televisions, food and beverages, Tendencias said. That, in turn, boosted demand for plastics.
For 2011, resin demand from the construction industry should grow by 5.2%, Tendencias said. Demand from the automobile industry should grow by 4.6%.
However, the production of home appliances - a resin end market - should fall by 2.9%, compared with a 17.6% growth in 2010.
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