InterviewChina PC demand set to grow 8% annually in next five years

18 May 2011 14:57  [Source: ICIS news]

(Recasts, clarifying fifth paragraph)

GUANGZHOU (ICIS)--China’s demand for polycarbonates (PC) is expected to grow by more than 8% annually over the next five years, an executive from polymers producer Bayer MaterialScience said on Wednesday.

This would be due to new applications in the lighting industry and the lightweight mobility sector, Bayer MaterialScience head for Asia PC Rainer Rettig said on the sidelines of the Chinaplas 2011 plastics and rubber exhibition. The lightweight mobility sector uses lighter materials on modes of transport such as cars, trains and aircraft.

China's PC demand growth will be higher than the global figure of 6%, said Rettig.

"I see no evidence to end the [PC market] growth, which is twice [as fast as] other commodities,” Rettig said.

Bayer MaterialScience plans to build a new 200,000 tonne/year PC facility in Shanghai and increase the capacity of an existing facility from 200,000 tonnes/year to 300,000 tonnes/year.

By 2016 the company will have more than doubled its capacity to 500,000 tonnes/year as part of a €1bn investment plan for its integrated production site in Shanghai.

Rettig said that the new capacity will help China cut its PC imports. China is a net importer of the material.

PC’s increasing use in the lightweight mobility sector and in the lighting industry will boost the demand growth in China, Rettig said.

Per capita consumption of PC in Asia and China is still low, and there is a trend to replace glass with PC, he added.

Chinaplas is being held in Guangzhou from 17–20 May.

For more on PC visit ICIS chemical intelligence

By: Alfred Wong
+65 6780 4356

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly