China’s PE/PP use to grow by 6.8% and 7.5% respectively in ‘12-‘17

18 April 2013 06:07  [Source: ICIS news]

SINGAPORE (ICIS)--China's consumption of polyethylene (PE) and polypropylene (PP) is expected to grow at an overall compounded annual growth rate (CAGR) of 6.8% and 7.5% respectively during 2012-2017, an industry consultant said on Thursday.

The country's consumption of high density polyethylene (HDPE) is expected to grow to 12.5m tonnes/year in 2017, up from 9.2m tonnes/year in 2012, and will register the highest CAGR among all polyolefin products, according to Pearl Ma, a consultant at China National Chemical Information Centre's polymer business unit.

HDPE consumption is projected to expand at a CAGR of 6.4% in 2012-2017, according to Ma.

Domestic consumption of linear low density polethylene (LLDPE) will grow to 9.7m tonnes/year in 2017, from 6.2m tonnes/year in 2012, driven by its "low price, good impact resistance and high tensile strength" properties which has made it more popular than low density polyethylene (LDPE), Ma said.

LLDPE consumption is projected to rise at a CAGR of 9.2% in 2012-2017, she said.

China's consumption of LDPE will grow to 4.3m tonnes/year in 2017, up from 3.7m tonnes/year, with a CAGR of 3.2% during the 2012-2017 period, according to Ma.

Meanwhile, consumption of PP will grow to 22.7m tonnes/year in 2017, up from 15.8m tonnes/year in 2012, she said.

PP consumption will register a CAGR of 7.5% in 2012-2017, compared with a CAGR of 9.2% in 2007-2012, according to Ma.

Ma was speaking at the day-long China Petrochemical Industry Conference in Singapore.


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

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

Related Articles