The plastics industry is thriving, but its future will depend on the tenuous state of some key markets, said a recent report from petrochemical market provider ICIS.
The World Plastics Annual Study shows data and trends since 2000, plus forecasts up to 2030.
“For many years, the growth of plastics markets was driven by consumption in Asia – particularly China,” said Fabrizio Galiè, ICIS Consultant, Polymers. “However, as the Chinese economy falters, it’s crucial for industry players to take stock of the markets, understand the evolving competitive landscape and identify emerging regions to target. The ICIS Annual Studies dig deep into key commodities and markets, enabling you to stay one step ahead.”
Plastics have seen higher margins following the crude oil price crash, the report said, and recovery is dependent on several variable and fragile markets.
The data in the full report covers all existing producers of plastics and their current capacities, as well as trade analysis, consumption forecasts per product and region, supply and demand, historical prices and margins starting from 2000, and capacity and production data. This includes the wide variety of types of thermoplastics: high and low density polyethylene, as well as linear low density polyethylene; polypropylene, polyvinyl chloride, expandable polystyrene, acrylonitrile butadiene styrene terpolymers, and others.
ICIS is a division of Reed Business Information under RELX Group. It provides market information in the areas of petrochemicals, including energy and fertilizer for businesses in the sector, giving both an overview and details about the state of the industry and where it will likely progress.
The complete report can be purchased at ICIS.
Filed Under: Materials • advanced