Research and Markets: China and India to Lead Global Polypropylene Demand Growth
DUBLIN--()--Research and Markets(http://www.researchandmarkets.com/research/rbx8wn/polypropylene) has announced the addition of the "Polypropylene Global Market to 2020 - Developing Regions of Asia-Pacific and Middle East and Africa to Drive Polypropylene Market Growth" report to their offering.
"Polypropylene Global Market to 2020 - Developing Regions of Asia-Pacific and Middle East and Africa to Drive Polypropylene Market Growth"
Global Polypropylene Market Expected to Grow at a Healthy Compound Annual Growth Rate of 4.5% during the Forecast Period
Global demand for polypropylene in 2000 amounted to 25,107,534 tons, increasing to 42,302,126 in 2011. Global demand for polypropylene has increased over the last decade due to increased consumption by end-use industries worldwide. The packaging industry was the largest end-use segment in 2011, when it accounted for around 30% of global polypropylene demand.
The equipment and facilities industry demonstrated the second highest growth rate in terms of polypropylene demand during this period. Geographically, the Asia-Pacific region dominated demand growth in the global market, while the highest growth rate was demonstrated by the Middle East and Africa region, where demand for polypropylene increased exponentially between 2000 and 2011. North America was the only region where polypropylene demand registered a net decline.
During the forecast period, polypropylene demand in North America is expected to recover, whereas the Eurozone crisis is expected to restrict the future growth of the market in European countries. The increasing trend of polypropylene demand in Asia-Pacific and the Middle East and Africa is expected to continue in future, with the Asia-Pacific region expected to account for a 62.2% share of global demand in 2020, which is expected to have reached a total of 62,412,550 tons.
Companies Mentioned
- Advanced Petrochemical Company
- Braskem SA
- China Petroleum & Chemical Corporation
- Daelim Industrial Company, Limited
- Exxon Mobil Corporation
- Formosa Plastics Group
- Government Of West Bengal
- Honam Petrochemical Corporation
- Idemitsu Kosan Company, Limited
- Jam Petrochemical Company
- Korea Petrochemical Ind. Company, Limited
- LCY Chemical Corporation
- Mitsubishi Chemical Corporation
- National Industrialization Company
- OAO "Nizhnekamskneftekhim"
- Petrochemiran Company
- QPI and Shell Petrochemicals (Singapore) Pte Limited
- Regal Petrochemical Company
- SABIC
- Tata Group
- Zhejiang Shaoxing Sanyuan Petrochemical Company, Limited
and many more....
For more information visithttp://www.researchandmarkets.com/research/rbx8wn/polypropylene
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