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