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PEPP 2014: Asia will continue to drive demand growth for polyolefins
4:14 PM MDT | June 25, 2014 | Francinia Protti-Alvarez in Zurich
Asia will remain the main demand region for polyolefins, and its share of worldwide polyolefin consumption will exceed 50% by 2020, with China representing well over half of this share, says Ajay Shah, senior executive v.p./chemicals at Reliance Industries. Shah was speaking today in a presentation to IHS Chemical's annual Polyethylene Polypropylene Chain Global Business Forum (PEPP), taking place in Zurich. India's polyolefin demand, although far behind that of China, is expected to be about 10 million m.t./year by 2020, representing 10% of total Asian demand...
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