China’s imports of PP could rise to 5 million tons by 2010: report
Despite having invested for over 6 million tons of new PP capacity over the next four years, China's imports of pol...
Despite having invested for over 6 million tons of new PP capacity over the next four years, China’s imports of polypropylene (PP) could reach approximately 5 million tons by 2010, according to a new study from AMI Consulting.
AMI’s 225 page review of the PP market in China also noted that China processed 8.4 million tons of PP in 2005, and was the world’s number one destination for exports, with record imports of just over 3 million tons.
During the period 2006 to 2010, new capacity totaling over 6 million tons is slated to come on line in China. But the AMI study concluded that the rate of growth for PP used in the domestic economy will accelerate on the back of fast growing consumer expenditure and demographic shifts, and that these drivers will increase PP demand beyond the level that this new capacity can satisfy.
The report also said that 68 per cent of China’s PP in 2005 was used for extrusion applications, and 32 per cent for injection molding. However, the highest growth in PP consumption has generally been achieved by injection molding sectors, according to the report, notably in appliance, automotive and packaging applications.
Based in Reading, Pa., AMI is a plastics market research and consulting firm.