According to a report in the US Plastics News, according to a recently released report, particularly by the strong growth of emerging markets, by 2019, the global polypropylene market sales will reach 155 billion US dollars.
Ceresana Research Inc. of Konstanz, Germany, said that Asia-Pacific countries have accounted for more than half of global sales of polypropylene and have become a more important polypropylene sales market. Ceresana company said that in the future, the proportion of the Asia Pacific region will further expand, leaving the industrialized countries far behind.
Global polypropylene production capacity is expected to increase to more than 23.5 million tons by 2019, of which 57% will come from the Asia Pacific region.
At present, the manufacturers of flexible and rigid packaging are the main consumer groups of polypropylene, accounting for 50% of the total demand. Fiber and consumer products each account for 12%. The electronics, transportation and construction sectors each account for 6% of the total demand.
It is estimated that the largest increase in demand will be in the transportation industry in the next eight years, with a growth rate of 5.8%.
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