06 October 2011 19:36 [Source: ICIS news]
MEXICO CITY (ICIS)--Polyvinyl chloride (PVC) demand for packaging applications in Mexico rose by an estimated 5–10% in 2011, and additional healthy growth is projected for 2012, a producer of plastics packaging said on the sidelines of the 17th annual PLASTIMAGEN international plastics exposition and conference on Thursday.
The PVC packaging industry in Mexico is performing well in blister packaging and pharmaceutical and food applications, despite challenges from different fronts, the source said.
Asian resin and finished goods suppliers are competing aggressively for market-share in Mexico.
Additionally, polyethylene terephthalate (PET) is substituting PVC in some applications, partly because PET is perceived as a more ecologically friendly resin amid growing concerns over the impact of the industry on the environment.
One notable growth area for PVC in Mexico is core-stock material, which is used for credit cards, telephone cards and hotel keys; the US is a major destination for these products. As a result, projections for this sector’s performance in 2012 depend greatly on the US economic recovery, the source added.For more on PVC visit ICIS chemical intelligence
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