24 May 2013 03:50 [Source: ICIS news]
SAO PAULO (ICIS)--Brazil should experience a 4% growth in demand for polyolefins in 2013, an executive with global chemical maker Braskem said on Thursday.
As a continent, South America should experience 4-5% growth for chemicals such as polyethylene (PE) and polypropylene (PP), said Luciano Guidolin, the Brazil-based company’s executive vice president of its polyolefins division. He made his comments on the sidelines of the 2013 Feiplastic convention.
Growth in polyolefin demand was uneven in 2012, he said, as most Latin America economies experienced slower growth than expected.
However, more uniform growth is expected in Latin America for this year, he added.
At present, that growth is being felt in key sectors that affect polyolefin demand, Guidolin said.
“Infrastructure and construction sectors, they are growing and they are growing strong. That has a very direct effect mainly on the plastic chains,” he said.
The first quarter of 2013 was positive for industrial demand and polyeolefin demand in Brazil, with 6% quarter-to-quarter growth over the last quarter of last year, he said.
Part of that is due to the construction projects tied to the country hosting the 2014 World Cup and the 2016 Summer Olympics.
Feiplastic continues through Friday.
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