PODCAST: As China moves to PP self-sufficiency, expect scramble for global market share

Will Beacham

07-Dec-2021

BARCELONA (ICIS)–China may become self-sufficient in polypropylene (PP) from 2022, raising the prospect of a scramble for market share globally and a possible price war.

  • China will become self-sufficient in PP from 2022
  • China PP demand will grow by 3% in 2022, capacity by 11%
  • For 2020, China had net PP imports of 6.1m tonnes
  • As China becomes exporter, expect battle for market share, possible price war
  • International Energy Agency report shows Europe, China driving surge in renewable power
  • Renewables will form 95% of new electricity additions from now until 2026
  • By 2026 renewables will equal fossil fuel for power generation
  • Transition from world scale to local chemical production will be a huge challenge

In this Think Tank podcast, Will Beacham interviews ICIS Insight Editor Nigel Davis, ICIS Senior Consultant Asia John Richardson and Paul Hodges, chairman of New Normal Consulting.

Click here to listen to the podcast

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

ICIS is organising regular updates to help the industry understand current market trends. Register here .

Read the latest issue of ICIS Chemical Business.

Read Paul Hodges and John Richardson’s ICIS blogs.

READ MORE

Global News + ICIS Chemical Business (ICB)

See the full picture, with unlimited access to ICIS chemicals news across all markets and regions, plus ICB, the industry-leading magazine for the chemicals industry.

Contact us

Now, more than ever, dynamic insights are key to navigating complex, volatile commodity markets. Access to expert insights on the latest industry developments and tracking market changes are vital in making sustainable business decisions.

Want to learn about how we can work together to bring you actionable insight and support your business decisions?

Need Help?

Need Help?