09 March 2012 12:08 [Source: ICIS news]
Correction: In the ICIS story headlined "Turkey PVC demand to grow by 10% in 2012 – Say Polymers" dated 9 March 2012, please read in the first paragraph ...Demand for polyvinyl chloride (PVC) in ?xml:namespace>
BANGKOK (ICIS)--Demand for polyvinyl chloride (PVC) in
“Average growth in the last 10 years is around 10% and if we consider the same average growth for the next four years, demand will increase from 961,000 tonnes in 2011 to 1.06m tonnes in 2012,” said Ali Murat Ayar, Say Polymers’ managing director.
Ayar was speaking at the 6th International Chlor-Alkali and Vinyls conference in
At about 65kg/head per year, polymer consumption in
Turkish polymer consumption totalled 4.9m tonnes in 2011 for the five major resins.
The market share for polypropylene (PP) was 33%, while that for polyethylene (PE) was 31% and that for PVC was 20%. Polystyrene (PS) and polyethylene terephthalate (PET) each have shares of 8%, Ayar said.
Domestic production is limited and imports account for more than 80% of commodity consumption, he said.
Petrochemical firm Petkim is the only PVC producer in
Packaging, pipe and profiles dominate production. Plastic end-product exports totalled 1.07m tonnes in 2010 and were worth $3.01bn (€2.26bn), he added.
“As the most important player in its region, the Turkish plastics industry sees itself well positioned at the geographical crossroads between the large petrochemical investors to the east and the large consumer markets to the west,” said Ayar.
The 6th International Chlor-Alkali and Vinyls conference runs from 8-9 March.
($1 = €0.75)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|