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Markets :: Plastics :: Polypropylene
IHS WPC 2014: China is still a net PP importer but it continues working toward self-sufficiency
11:22 AM MDT | March 31, 2014 | Francinia Protti-Alvarez
China’s polypropylene (PP) demand represents 33% of worldwide demand, far ahead of North America and Western Europe, each a distant joint second at 14%, IHS Chemical says. Worldwide PP demand in 2013 was 55.8 million m.t., according to IHS Chemical estimates. China is also ahead in terms of PP capacity with 24% of the total. However, a 24% share of worldwide capacity is far behind China's 33% share of demand, making China a significant net importer. China is expected to continue its drive toward self-sufficiency in PP, however. "Looking forward five...
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