GPCA '12: EQUATE expects 4-5% PE demand growth in ‘13 -senior exec

29 November 2012 10:15  [Source: ICIS news]

DUBAI (ICIS)--Kuwait's EQUATE expects overall demand for polyethylene (PE) to grow by 4-5% next year, spurred by demand from emerging markets, a senior company executive said on Thursday.

"We see growth [in PE demand in 2013] somewhat less than what we see historically at 5-6%," said Peter Platteeuw, senior vice president at EQUATE, at the sidelines of the 7th GPCA Annual Forum.

Growth in PE demand in the future will continue to be buoyed by the higher standards of living in emerging markets, which will boost consumption of food packaging materials and hygiene products, among others, he said.

"On the glycols side we are very optimistic and see [demand] growth at 5-6% [in 2013]," Platteeuw added.

The 7th annual GPCA Forum was held in Dubai from 27-29 November.

By: Nurluqman Suratman

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