25 October 2013 16:11 [Source: ICIS news]
LONDON (ICIS)--Global acrylonitrile (ACN) consumption in 2013 has increased by 1.5% across all end uses, sources estimated on Friday.
Strong demand in the Asian acrylonitrile-butadiene-styrene (ABS) market – driven by automotive growth in the region – and the acrylamide sector – because of increased adoption – has been counterbalanced by stable acrylic fibre demand.
“Globally fibres are at magnitude of last year... The overall demand is stable at about 1.85-1.9m tonnes,” an acrylic fibre producer said.
Demand in Europe is expected to be at parity with 2012, although areas such as acrylic fibre, have been weak, with some sources estimating a fall of up to 10% year-on-year in 2013.
“Our calculation it's about 1.5% increase globally. Mostly driven by China ABS… unfortunately European demand was decreased in 2012,” a global distributor said.
($1 = €0.72)
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