China’s polymers consumption in 2022 107m tonnes from a population of 1.4bn. The developing world ex-China’s consumption was at 84m tonnes from a population of 5.3bn. And the developed world consumed 82m from 1.1bn people.
Asian Chemical Connections
India, climate change, demographics and polymers demand growth
Climate change and demographics are economic destiny – their effects cannot be avoided. But the petrochemicals industry has a huge role to play in shaping favourable outcomes
China’s long-term GDP growth risks and polymers demand
Cumulative downside demand in the above chart would total 5bn – 91m tonnes lower than our base case.
China’s dominance of global polymer demand delivered huge global growth. But what now?
China accounted for 33% of global growth in the seven major synthetic resins between 1990 and 2001. But this jumped to 63% in 2002-2021. In distant second place during both these periods was the Asia and Pacific region at 15% and 17% respectively.
The multi-million dollar polymers opportunity: continued big regional price differentials
By John Richardson POLYMER BUYERS outside northeast (NEA) and southeast Asia (SEA) have a big opportunity to save millions of dollars on procurement costs during the rest of this year through purchasing more from the two regions. The opportunity has arisen because I believe that NEA and SEA polymer prices will remain very cheap relative […]
India demand slides for PVC and PS
By Malini Hariharan The last year has been rough for Indian polyvinyl chloride (PVC) and polystyrene (PS) producers with demand for their products showing almost no growth. PVC consumption is likely to increase by only 1-2% year on year in the fiscal year ending on 31 March 2012, said S Gopal, managing director of Chemplast […]
Formosa awaits approval for big expansions in China
By Malini Hariharan In a research note released today, UBS has highlighted plans by Formosa Chemical and Fibres (FCFC) for major expansions at Ningbo, China. The Taiwanese petrochemicals major is in the process of getting Chinese government approval for a new 1.5m tonnes/year PTA plant, a 200,000 tonnes/year PS unit and a 150,000 tonnes/year ABS […]
The Indian growth story – part 2
By Malini Hariharan A few weeks back I had written about robust demand growth figures emerging from the Indian polymer market. I will be posting some numbers over the next few days but ahead of that I would like to highlight what industry players have been saying on the major growth drivers and also developments […]