Vietnam polymer demand to grow 16% annually in next five years

30 November 2010 09:40  [Source: ICIS news]

HO CHI MINH (ICIS)--Demand for polymers in Vietnam is forecast to grow at an annual rate of about 16% in the next five years, an industry executive said on Tuesday.

"Consumption of polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC) and polystyrene (PS) is expected to record robust growth on the back of strong packaging and construction growth," said Dao Duy Kha, deputy general director of Vinaplast, a leading PVC maker in Vietnam.

The household products and industrial plastics segments would also contribute significantly to the polymer demand growth, he said.

"Demand for PE and PP is forecast to grow from 1.08m tonnes/year and 1.05m tonnes/year in 2010 to 2.4m tonnes/year and 2.2m tonnes/year respectively in 2015," Kha said.

PVC and PS demand was expected to increase to 1.2m tonnes/year and 500,000 tonnes/year from 550,000 tonnes/year and 200,000 tonnes/year respectively in the same period, he added.

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By: Prema Viswanathan
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